Caseware UK (AP4) 2024.0.164 2024.0.164 2024-03-312024-03-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-08-01false1No description of principal activity1truetruefalse 14262240 2023-08-01 2024-03-31 14262240 2022-08-01 2023-07-31 14262240 2024-03-31 14262240 2023-07-31 14262240 c:Director1 2023-08-01 2024-03-31 14262240 d:FreeholdInvestmentProperty 2023-08-01 2024-03-31 14262240 d:FreeholdInvestmentProperty 2024-03-31 14262240 d:FreeholdInvestmentProperty 2 2023-08-01 2024-03-31 14262240 d:CurrentFinancialInstruments 2024-03-31 14262240 d:CurrentFinancialInstruments 2023-07-31 14262240 d:Non-currentFinancialInstruments 2024-03-31 14262240 d:Non-currentFinancialInstruments 2023-07-31 14262240 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 14262240 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 14262240 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 14262240 d:Non-currentFinancialInstruments d:AfterOneYear 2023-07-31 14262240 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-03-31 14262240 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-07-31 14262240 d:ShareCapital 2024-03-31 14262240 d:ShareCapital 2023-07-31 14262240 d:OtherMiscellaneousReserve 2023-08-01 2024-03-31 14262240 d:OtherMiscellaneousReserve 2024-03-31 14262240 d:OtherMiscellaneousReserve 2023-07-31 14262240 d:RetainedEarningsAccumulatedLosses 2024-03-31 14262240 d:RetainedEarningsAccumulatedLosses 2023-07-31 14262240 d:AcceleratedTaxDepreciationDeferredTax 2024-03-31 14262240 d:AcceleratedTaxDepreciationDeferredTax 2023-07-31 14262240 c:FRS102 2023-08-01 2024-03-31 14262240 c:AuditExempt-NoAccountantsReport 2023-08-01 2024-03-31 14262240 c:FullAccounts 2023-08-01 2024-03-31 14262240 c:PrivateLimitedCompanyLtd 2023-08-01 2024-03-31 14262240 f:PoundSterling 2023-08-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 14262240









JNS (20 MONTHERMER) LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 MARCH 2024

 
JNS (20 MONTHERMER) LIMITED
REGISTERED NUMBER: 14262240

BALANCE SHEET
AS AT 31 MARCH 2024

31 March
31 July
2024
2023
Note
£
£

Fixed assets
  

Investment property
 4 
1,100,000
-

  
1,100,000
-

Current assets
  

Debtors: amounts falling due within one year
 5 
5,000
-

Cash at bank and in hand
 6 
8,002
1

  
13,002
1

Creditors: amounts falling due within one year
 7 
(854,405)
-

Net current (liabilities)/assets
  
 
 
(841,403)
 
 
1

Total assets less current liabilities
  
258,597
1

Creditors: amounts falling due after more than one year
 8 
(195,500)
-

Provisions for liabilities
  

Deferred tax
 10 
(20,863)
-

  
 
 
(20,863)
 
 
-

Net assets
  
42,234
1


Capital and reserves
  

Called up share capital 
  
1
1

Other reserves
 11 
62,590
-

Profit and loss account
 11 
(20,357)
-

  
42,234
1


Page 1

 
JNS (20 MONTHERMER) LIMITED
REGISTERED NUMBER: 14262240
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 22 April 2025.




J Davidson
Director

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
JNS (20 MONTHERMER) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

1.


General information

JNS (20 Monthermer) Limited is a private company limited by shares incorporated in England &
Wales (registered number 14262240). 
The registered office is 101 New Cavendish Street, 1st Floor South, London, W1W 6XH.
The financial statements are prepared in Sterling, which is the functional currency of the Company.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
JNS (20 MONTHERMER) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.3

Borrowing costs

All borrowing costs are recognised in profit or loss in the period in which they are incurred.

 
2.4

Current and deferred taxation

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

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

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


 
2.5

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 4

 
JNS (20 MONTHERMER) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.9

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.


3.


Employees




The average monthly number of employees, including directors, during the period was 1 (2023 - 1).

Page 5

 
JNS (20 MONTHERMER) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

4.


Investment property





Freehold investment property

£



Valuation


Additions at cost
1,016,547


Surplus on revaluation
83,453



At 31 March 2024
1,100,000








If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

31 March
31 July
2024
2023
£
£


Historic cost
1,016,547
-

1,016,547
-


5.


Debtors

31 March
31 July
2024
2023
£
£


Amounts owed by group undertakings
5,000
-

5,000
-


Page 6

 
JNS (20 MONTHERMER) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

6.


Cash and cash equivalents

31 March
31 July
2024
2023
£
£

Cash at bank and in hand
8,002
1

8,002
1



7.


Creditors: Amounts falling due within one year

31 March
31 July
2024
2023
£
£

Other loans
45,000
-

Amounts owed to group undertakings
667,992
-

Other creditors
141,413
-

854,405
-



8.


Creditors: Amounts falling due after more than one year

31 March
31 July
2024
2023
£
£

Bank loans
195,500
-

195,500
-


Page 7

 
JNS (20 MONTHERMER) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

9.


Loans


Analysis of the maturity of loans is given below:


31 March
31 July
2024
2023
£
£

Amounts falling due within one year

Other loans
45,000
-


45,000
-



Amounts falling due after more than 5 years

Bank loans
195,500
-

195,500
-

240,500
-


10.


Deferred taxation






2024


£






Charged to profit or loss
(20,863)



At end of year
(20,863)

The deferred taxation balance is made up as follows:

31 March
31 July
2024
2023
£
£


Fair value movement on investment property
(20,863)
-

(20,863)
-

Page 8

 
JNS (20 MONTHERMER) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

11.


Reserves

Other reserves

This represents the net non-distributable gain arising from the fair value movement in the investment property less the deferred tax on such revaluation. 

 
Page 9