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REGISTERED NUMBER: 07517221 (England and Wales)















JEWELS CONFERENCE SUITE LIMITED

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024






JEWELS CONFERENCE SUITE LIMITED (REGISTERED NUMBER: 07517221)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JEWELS CONFERENCE SUITE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: R Singh





REGISTERED OFFICE: 171 Rolfe Street
Smethwick
West Midlands
B66 2AU





REGISTERED NUMBER: 07517221 (England and Wales)

JEWELS CONFERENCE SUITE LIMITED (REGISTERED NUMBER: 07517221)

BALANCE SHEET
31 MARCH 2024

31/3/24 31/3/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 253,190 237,580

CURRENT ASSETS
Stocks 5 12,569 11,025
Cash at bank 26,756 75,011
39,325 86,036
CREDITORS
Amounts falling due within one year 6 50,421 85,761
NET CURRENT (LIABILITIES)/ASSETS (11,096 ) 275
TOTAL ASSETS LESS CURRENT
LIABILITIES

242,094

237,855

CREDITORS
Amounts falling due after more than one
year

7

15,153

22,147
NET ASSETS 226,941 215,708

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 226,841 215,608
SHAREHOLDERS' FUNDS 226,941 215,708

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

JEWELS CONFERENCE SUITE LIMITED (REGISTERED NUMBER: 07517221)

BALANCE SHEET - continued
31 MARCH 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 13 March 2025 and were signed by:





R Singh - Director


JEWELS CONFERENCE SUITE LIMITED (REGISTERED NUMBER: 07517221)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Jewels Conference Suite 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 10% on reducing balance
Computer equipment - 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

JEWELS CONFERENCE SUITE LIMITED (REGISTERED NUMBER: 07517221)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 217,962 19,446 28,405 4,387 270,200
Additions - 19,759 - - 19,759
At 31 March 2024 217,962 39,205 28,405 4,387 289,959
DEPRECIATION
At 1 April 2023 - 1,945 28,405 2,270 32,620
Charge for year - 3,726 - 423 4,149
At 31 March 2024 - 5,671 28,405 2,693 36,769
NET BOOK VALUE
At 31 March 2024 217,962 33,534 - 1,694 253,190
At 31 March 2023 217,962 17,501 - 2,117 237,580

5. STOCKS
31/3/24 31/3/23
£    £   
Stocks 12,569 11,025

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Trade creditors 3,250 7,290
Tax - 2,183
Social security and other taxes 5,174 2,277
VAT 878 1,845
Wages Account 3,298 3,108
Directors' current accounts 36,421 67,858
Accrued expenses 1,400 1,200
50,421 85,761

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/3/24 31/3/23
£    £   
Bank loans (see note 8) 15,153 22,147

JEWELS CONFERENCE SUITE LIMITED (REGISTERED NUMBER: 07517221)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

8. LOANS

An analysis of the maturity of loans is given below:

31/3/24 31/3/23
£    £   
Amounts falling due between two and five years:
Bank loans - 2-5 years 15,153 22,147

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/3/24 31/3/23
value: £    £   
100 Ordinary £1 100 100

10. RESERVES
Retained
earnings
£   

At 1 April 2023 215,608
Profit for the year 12,233
Dividends (1,000 )
At 31 March 2024 226,841

11. RELATED PARTY DISCLOSURES

During the year, total dividends of £1,000 (2023 - £2,000) were paid to the director .