Jubalin Limited 15007203 false 2023-07-17 2024-12-31 2024-12-31 The principal activity of the company is property and grass letting Digita Accounts Production Advanced 6.30.9574.0 true 15007203 2023-07-17 2024-12-31 15007203 2024-12-31 15007203 bus:Director1 1 2024-12-31 15007203 core:RetainedEarningsAccumulatedLosses 2024-12-31 15007203 core:ShareCapital 2024-12-31 15007203 core:CurrentFinancialInstruments 2024-12-31 15007203 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 15007203 core:FurnitureFittingsToolsEquipment 2024-12-31 15007203 core:LandBuildings 2024-12-31 15007203 core:MotorVehicles 2024-12-31 15007203 core:OtherPropertyPlantEquipment 2024-12-31 15007203 bus:SmallEntities 2023-07-17 2024-12-31 15007203 bus:AuditExemptWithAccountantsReport 2023-07-17 2024-12-31 15007203 bus:FilletedAccounts 2023-07-17 2024-12-31 15007203 bus:SmallCompaniesRegimeForAccounts 2023-07-17 2024-12-31 15007203 bus:RegisteredOffice 2023-07-17 2024-12-31 15007203 bus:Director1 2023-07-17 2024-12-31 15007203 bus:Director1 1 2023-07-17 2024-12-31 15007203 bus:PrivateLimitedCompanyLtd 2023-07-17 2024-12-31 15007203 bus:Agent1 2023-07-17 2024-12-31 15007203 core:FurnitureFittings 2023-07-17 2024-12-31 15007203 core:FurnitureFittingsToolsEquipment 2023-07-17 2024-12-31 15007203 core:LandBuildings 2023-07-17 2024-12-31 15007203 core:MotorVehicles 2023-07-17 2024-12-31 15007203 core:OtherPropertyPlantEquipment 2023-07-17 2024-12-31 15007203 core:PlantMachinery 2023-07-17 2024-12-31 15007203 1 2023-07-17 2024-12-31 15007203 countries:EnglandWales 2023-07-17 2024-12-31 15007203 bus:Director1 1 2023-07-16 iso4217:GBP xbrli:pure

REGISTRAR OF COMPANIES

Registration number: 15007203

Jubalin Limited

Unaudited Financial Statements

17 July 2023 to 31 December 2024

image-name

 

Jubalin Limited

Contents

Accountants' Report

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

4

 

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Jubalin Limited
for the Period Ended 31 December 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Jubalin Limited for the period ended 31 December 2024 as set out on pages 2 to 8 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Jubalin Limited, as a body, in accordance with the terms of our engagement letter dated 22 May 2024. Our work has been undertaken solely to prepare for your approval the accounts of Jubalin Limited and state those matters that we have agreed to state to the Board of Directors of Jubalin Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Jubalin Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Jubalin Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Jubalin Limited. You consider that Jubalin Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the accounts of Jubalin Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.



Dodd & Co Limited
Chartered Accountants
FIFTEEN Rosehill
Montgomery Way
Rosehill Estate
CARLISLE
CA1 2RW

14 April 2025

 

Jubalin Limited

(Registration number: 15007203)
Balance Sheet as at 31 December 2024

Note

31 December 2024
£

Fixed assets

 

Tangible assets

4

1,201,606

Current assets

 

Debtors

5

3,112

Cash at bank and in hand

 

24,641

 

27,753

Creditors: Amounts falling due within one year

6

(1,335,438)

Net current liabilities

 

(1,307,685)

Net liabilities

 

(106,079)

Capital and reserves

 

Allotted, called up and fully paid share capital

100

Profit and loss account

(106,179)

Total equity

 

(106,079)

 

Jubalin Limited

(Registration number: 15007203)
Balance Sheet as at 31 December 2024 (continued)

For the financial period ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

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

The director acknowledges his 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 and 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 14 April 2025
 

.........................................

A D Trotter

Director

 

Jubalin Limited

Notes to the Unaudited Financial Statements for the Period from 17 July 2023 to 31 December 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:
Melbourne House
1 South Parade
LONDON
W4 1JU

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 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

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 company has net liabilities at 31 December 2024 and meets its day to day working capital requirements through intercompany loans which, in common with all such facilities, is repayable on demand. On the basis of this support, the director considers it appropriate to prepare the financial statements on the going concern basis.

However, should the company not have the support of other companies, and therefore be unable to continue trading, adjustments would have to be made to reduce the value of assets to their recoverable amounts, to provide for any further liabilities which might arise, and to reclassify fixed assets and long term liabilities as current assets and current liabilities.

Disclosure of long or short period

These financial statements are for a 17 month period which reflects the period from incorporation to the 31 December 2024. That reporting date aligns with other companies within the group.

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.

 

Jubalin Limited

Notes to the Unaudited Financial Statements for the Period from 17 July 2023 to 31 December 2024 (continued)

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Land and buildings

Not depreciated

Plant and equipment

15% reducing balance

Motor vehicles

25% reducing balance

Furniture, fittings and office equipment

25% reducing balance

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

Trade debtors are amounts due from customers for the sale of goods or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method where due after more than one year.

 

Jubalin Limited

Notes to the Unaudited Financial Statements for the Period from 17 July 2023 to 31 December 2024 (continued)

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at mortised 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 the interest payable and similar charges.

Borrowings are classified as current liabilties unless the company has an unconditional right to defer settlement of the liabiity 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.

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 1.

4

Tangible assets

Land and buildings
£

Plant and equipment
 £

Motor vehicles
 £

Furniture, fittings and office equipment
 £

Total
£

Cost or valuation

Additions

1,080,228

76,016

19,100

40,968

1,216,312

At 31 December 2024

1,080,228

76,016

19,100

40,968

1,216,312

Depreciation

Charge for the period

-

4,409

3,651

6,646

14,706

At 31 December 2024

-

4,409

3,651

6,646

14,706

Carrying amount

At 31 December 2024

1,080,228

71,607

15,449

34,322

1,201,606

5

Debtors

 

Jubalin Limited

Notes to the Unaudited Financial Statements for the Period from 17 July 2023 to 31 December 2024 (continued)

31 December 2024
£

Other debtors

3,112

3,112

6

Creditors

31 December 2024
£

Due within one year

 

Amounts owed to group undertakings and undertakings in which the company has a participating interest

 

1,333,547

Other creditors

 

1,891

 

1,335,438

 

Jubalin Limited

Notes to the Unaudited Financial Statements for the Period from 17 July 2023 to 31 December 2024 (continued)

7

Related party transactions

Transactions with the director

2024

At 17 July 2023
£

Advances
£

Repayments
£

Other payments
£

Dividends credited
£

Interest
£

At 31 December 2024
£

A D Trotter

Loan account

-

2,004

-

-

-

-

2,004

               
         

 

Directors' advances are repayable on demand.

No interest has been charged on advances to directors.