Registered number
05803603
JADE VENTURES LIMITED
Filleted Accounts
31 December 2024
JADE VENTURES LIMITED
Registered number: 05803603
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Investments 3 3,093 -
Current assets
Debtors 4 545 343
Investments held as current assets 5 35,433 -
Cash at bank and in hand 1,570 34,570
37,548 34,913
Creditors: amounts falling due within one year 6 (49,400) (44,174)
Net current liabilities (11,852) (9,261)
Net liabilities (8,759) (9,261)
Capital and reserves
Called up share capital 2,000 2,000
Revaluation reserve 7 (1,674) -
Profit and loss account (9,085) (11,261)
Shareholders' funds (8,759) (9,261)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
N M Kapadia
Director
Approved by the board on 2 March 2025
JADE VENTURES LIMITED
Notes to the Accounts
for the year ended 31 December 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Investments
Other
investments
£
Cost
Additions 3,093
At 31 December 2024 3,093
4 Debtors 2024 2023
£ £
Trade debtors 125 125
Other debtors 420 218
545 343
5 Investments held as current assets 2024 2023
£ £
Fair value
Listed investments 35,433 -
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 40,022 1,000
Other creditors 9,378 43,174
49,400 44,174
7 Revaluation reserve 2024 2023
£ £
Loss on revaluation of investments (1,674) -
At 31 December 2024 (1,674) -
8 Other information
JADE VENTURES LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
1st Floor
43/45 Dorset Street
Marylebone
London
W1U 7NA
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