JKJSM Ltd 10301541 false 2023-08-01 2024-07-31 2024-07-31 The principal activity of the company is Commercial property rental Digita Accounts Production Advanced 6.30.9574.0 true 10301541 2023-08-01 2024-07-31 10301541 2024-07-31 10301541 core:RetainedEarningsAccumulatedLosses 2024-07-31 10301541 core:ShareCapital 2024-07-31 10301541 core:CurrentFinancialInstruments 2024-07-31 10301541 core:CurrentFinancialInstruments core:WithinOneYear 2024-07-31 10301541 core:Non-currentFinancialInstruments 2024-07-31 10301541 core:Non-currentFinancialInstruments core:AfterOneYear 2024-07-31 10301541 core:FurnitureFittings 2024-07-31 10301541 core:LandBuildings core:OwnedOrFreeholdAssets 2024-07-31 10301541 core:OfficeEquipment 2024-07-31 10301541 bus:SmallEntities 2023-08-01 2024-07-31 10301541 bus:AuditExemptWithAccountantsReport 2023-08-01 2024-07-31 10301541 bus:FilletedAccounts 2023-08-01 2024-07-31 10301541 bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 10301541 bus:RegisteredOffice 2023-08-01 2024-07-31 10301541 bus:Director1 2023-08-01 2024-07-31 10301541 bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 10301541 core:FurnitureFittings 2023-08-01 2024-07-31 10301541 core:LandBuildings core:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 10301541 core:OfficeEquipment 2023-08-01 2024-07-31 10301541 countries:EnglandWales 2023-08-01 2024-07-31 10301541 2023-07-31 10301541 core:FurnitureFittings 2023-07-31 10301541 core:LandBuildings core:OwnedOrFreeholdAssets 2023-07-31 10301541 core:OfficeEquipment 2023-07-31 10301541 2022-08-01 2023-07-31 10301541 2023-07-31 10301541 core:RetainedEarningsAccumulatedLosses 2023-07-31 10301541 core:ShareCapital 2023-07-31 10301541 core:CurrentFinancialInstruments 2023-07-31 10301541 core:CurrentFinancialInstruments core:WithinOneYear 2023-07-31 10301541 core:Non-currentFinancialInstruments 2023-07-31 10301541 core:Non-currentFinancialInstruments core:AfterOneYear 2023-07-31 10301541 core:FurnitureFittings 2023-07-31 10301541 core:LandBuildings core:OwnedOrFreeholdAssets 2023-07-31 10301541 core:OfficeEquipment 2023-07-31 iso4217:GBP xbrli:pure

Registration number: 10301541

JKJSM Ltd

Annual Report and Unaudited Financial Statements- Companies house filing

for the Year Ended 31 July 2024

 

JKJSM Ltd

Contents

Statement of Financial Position

1

Notes to the Unaudited Financial Statements

2 to 5

 

JKJSM Ltd

(Registration number: 10301541)
Statement of Financial Position as at 31 July 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

1,454,811

1,453,241

Current assets

 

Debtors

5

7,738

17,456

Cash at bank and in hand

 

97,382

1,441

 

105,120

18,897

Creditors: Amounts falling due within one year

6

(826,600)

(571,785)

Net current liabilities

 

(721,480)

(552,888)

Total assets less current liabilities

 

733,331

900,353

Creditors: Amounts falling due after more than one year

6

(377,487)

(598,607)

Net assets

 

355,844

301,746

Capital and reserves

 

Called up share capital

2

2

Profit and loss account

355,842

301,744

Shareholders' funds

 

355,844

301,746

For the financial year ending 31 July 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 provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

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 Income Statement.

Approved and authorised by the Board on 25 April 2025 and signed on its behalf by:
 

.........................................
S A M Whistlecroft
Director

 

JKJSM Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 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: Holly Cottage, The Long Road, Rowledge, Farnham, Surrey, GU10 4EB.

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 financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of 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.

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.

Tangible assets

Tangible assets are stated in the statement of financial position 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:

 

JKJSM Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

Trade debtors

Short term debtors are measured at transaction price, less any impairment.

Cash and cash equivalents

Cash is represented by cash in hand and bank deposits.

Trade creditors

Short term creditors are measured at the transaction price.

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 income statement 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.

Provisions

Provisions are recognised when the company has an obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

Employee benefits

Short-term employee benefits are recognised as an expense in the period which they are incurred.

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

 

JKJSM Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

4

Tangible assets

Land and buildings
£

Fixtures and fittings
£

Office equipment
£

Total
£

Cost or valuation

At 1 August 2023

1,439,201

31,340

12,142

1,482,683

Additions

-

6,570

-

6,570

Disposals

-

-

(12,142)

(12,142)

At 31 July 2024

1,439,201

37,910

-

1,477,111

Depreciation

At 1 August 2023

-

17,300

12,142

29,442

Charge for the year

-

5,000

-

5,000

Eliminated on disposal

-

-

(12,142)

(12,142)

At 31 July 2024

-

22,300

-

22,300

Carrying amount

At 31 July 2024

1,439,201

15,610

-

1,454,811

At 31 July 2023

1,439,201

14,040

-

1,453,241

Included within the net book value of land and buildings above is £1,439,201 (2023 - £1,439,201) in respect of freehold land and buildings.
 

5

Debtors

2024
£

2023
£

Trade debtors

4,643

17,456

Prepayments

3,095

-

7,738

17,456

 

JKJSM Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Bank loans and overdrafts

7

67,055

-

Trade creditors

 

161

-

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

704,405

-

Taxation and social security

 

26,268

5,493

Accruals and deferred income

 

2,250

-

Other creditors

 

26,461

566,292

 

826,600

571,785

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Loans and borrowings

7

377,487

598,607

7

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

377,487

598,607

Current loans and borrowings

2024
£

2023
£

Bank borrowings

67,016

-

Bank overdrafts

39

-

67,055

-