Jefe Holdings Limited 14509850 false 2023-12-01 2024-11-30 2024-11-30 The principal activity of the company is that of a property investment company. Digita Accounts Production Advanced 6.30.9574.0 true true 14509850 2023-12-01 2024-11-30 14509850 2024-11-30 14509850 bus:OrdinaryShareClass1 2024-11-30 14509850 core:CurrentFinancialInstruments 2024-11-30 14509850 core:CurrentFinancialInstruments core:WithinOneYear 2024-11-30 14509850 core:Non-currentFinancialInstruments 2024-11-30 14509850 core:Non-currentFinancialInstruments core:AfterOneYear 2024-11-30 14509850 bus:SmallEntities 2023-12-01 2024-11-30 14509850 bus:AuditExemptWithAccountantsReport 2023-12-01 2024-11-30 14509850 bus:FilletedAccounts 2023-12-01 2024-11-30 14509850 bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-11-30 14509850 bus:RegisteredOffice 2023-12-01 2024-11-30 14509850 bus:Director3 2023-12-01 2024-11-30 14509850 bus:OrdinaryShareClass1 2023-12-01 2024-11-30 14509850 bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 14509850 core:OtherRelatedParties 2023-12-01 2024-11-30 14509850 countries:EnglandWales 2023-12-01 2024-11-30 14509850 2023-11-30 14509850 2022-11-28 2023-11-30 14509850 2023-11-30 14509850 bus:OrdinaryShareClass1 2023-11-30 14509850 core:CurrentFinancialInstruments 2023-11-30 14509850 core:CurrentFinancialInstruments core:WithinOneYear 2023-11-30 14509850 core:Non-currentFinancialInstruments 2023-11-30 14509850 core:Non-currentFinancialInstruments core:AfterOneYear 2023-11-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 14509850

Jefe Holdings Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 November 2024

 

Jefe Holdings Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 6

 

Jefe Holdings Limited

(Registration number: 14509850)
Balance Sheet as at 30 November 2024

Note

2024
£

2023
£

Fixed assets

 

Investment property

4

1,425,628

1,425,628

Current assets

 

Debtors

5

320,592

975

Cash at bank and in hand

 

286,405

17,380

 

606,997

18,355

Creditors: Amounts falling due within one year

6

(1,304,947)

(1,435,291)

Net current liabilities

 

(697,950)

(1,416,936)

Total assets less current liabilities

 

727,678

8,692

Creditors: Amounts falling due after more than one year

6

(705,412)

-

Net assets

 

22,266

8,692

Capital and reserves

 

Called up share capital

7

150

150

Retained earnings

22,116

8,542

Shareholders' funds

 

22,266

8,692

For the financial year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 24 March 2025 and signed on its behalf by:
 

.........................................
H E T Cadisch
Director

 

Jefe Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit 2 The I O Centre
Hatfield
Herts
AL10 9EW

These financial statements were authorised for issue by the Board on 24 March 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The accounts are prepared in the company's functional currency of British Pounds (£) and rounded to the nearest £1.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Jefe Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by the directors. The directors use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Debtors with no stated interest rate and receivable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Trade creditors

Creditors with no stated interest rate and payables within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

 

Jefe Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2023 - 3).

4

Investment properties

2024
£

At 1 December

1,425,628

At 30 November

1,425,628

The investment property was valued at £1,425,628 on 30 November 2024 by the directors on an open market basis and had a cost of £1,425,628

There has been no valuation of investment property by an independent valuer.

5

Debtors

Current

2024
£

2023
£

Trade debtors

6,957

-

Prepayments

-

975

Other debtors

313,635

-

 

320,592

975

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

8

29,476

-

Trade creditors

 

34,498

-

Taxation and social security

 

3,181

5,004

Accruals and deferred income

 

2,275

2,500

Other creditors

 

1,235,517

1,427,787

 

1,304,947

1,435,291

The bank loan is secured by way of fixed charge on the investment property of the company.

 

Jefe Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

8

705,412

-

The bank loan is secured by way of fixed charge on the investment property of the company.

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary Shares of £1 each

150

150

150

150

       

8

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

705,412

-

Current loans and borrowings

2024
£

2023
£

Bank borrowings

29,476

-

 

Jefe Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

9

Related party transactions

Summary of transactions with other related parties

Included in debtors, amounts falling due within one year, is an amount of £317,212 (2023: £Nil) owed by related parties.

Included in creditors, amounts falling due within one year, is an amount of £1,235,368 (2023: £1,427,787) owed to related parties.