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REGISTERED NUMBER: 14178887 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

Jellyfish Paradise Limited

Jellyfish Paradise Limited (Registered number: 14178887)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Jellyfish Paradise Limited

Company Information
for the Year Ended 30 June 2024







DIRECTOR: G P Jelley





REGISTERED OFFICE: Lantern House
39 Duke Street
Chester
United Kingdom
CH1 1RP





REGISTERED NUMBER: 14178887 (England and Wales)





ACCOUNTANTS: Summit Accountants Limited
M.01 Tomorrow
MediaCityUK
Salford
Greater Manchester
M50 2AB

Jellyfish Paradise Limited (Registered number: 14178887)

Statement of Financial Position
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 635,775 420,000

CURRENT ASSETS
Debtors 5 8,296 87,771
Prepayments and accrued income 1,279 1,260
Cash at bank 4,091 762
13,666 89,793
CREDITORS
Amounts falling due within one year 6 284,120 276,765
NET CURRENT LIABILITIES (270,454 ) (186,972 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

365,321

233,028

CREDITORS
Amounts falling due after more than one year 7 278,044 285,928
NET ASSETS/(LIABILITIES) 87,277 (52,900 )

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 9 133,578 (35,848 )
Retained earnings (46,401 ) (17,152 )
87,277 (52,900 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Jellyfish Paradise Limited (Registered number: 14178887)

Statement of Financial Position - continued
30 June 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 March 2025 and were signed by:





G P Jelley - Director


Jellyfish Paradise Limited (Registered number: 14178887)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Jellyfish Paradise Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023 420,000
Additions 46,349
Revaluations 169,426
At 30 June 2024 635,775
NET BOOK VALUE
At 30 June 2024 635,775
At 30 June 2023 420,000

Jellyfish Paradise Limited (Registered number: 14178887)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

4. INVESTMENT PROPERTY - continued

Fair value at 30 June 2024 is represented by:
£   
Valuation in 2024 635,775

Investment property was valued on an open market basis on 25 November 2024 by Legat Owen Chartered Surveyors .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Other debtors 8,296 87,771

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 29,153 113,153
Trade creditors 36,570 11,255
Other creditors 218,397 152,357
284,120 276,765

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans 278,044 285,928

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 161,432 169,316

8. SECURED DEBTS

The following secured debts are included within creditors:

30.6.24 30.6.23
£    £   
Bank loans 307,197 399,081

The companies assets are secured by a fixed charge held by National Westminster Bank Plc.

9. RESERVES
Revaluation
reserve
£   
At 1 July 2023 (35,848 )
Revaluation 169,426

At 30 June 2024 133,578

Jellyfish Paradise Limited (Registered number: 14178887)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

As of 30 June 2024, the following balances were owed to the directors from the company:
- Director 1 = £ 88,587
- Director 2 = £-50
No formal repayment terms have been agreed.