REGISTERED NUMBER: |
Jai Sai Properties Limited |
Unaudited Financial Statements |
for the Period 25 September 2023 to 30 September 2024 |
REGISTERED NUMBER: |
Jai Sai Properties Limited |
Unaudited Financial Statements |
for the Period 25 September 2023 to 30 September 2024 |
Jai Sai Properties Limited (Registered number: 15161970) |
Contents of the Financial Statements |
for the Period 25 September 2023 to 30 September 2024 |
Page |
Company Information | 1 |
Statement of Financial Position | 2 |
Notes to the Financial Statements | 4 |
Jai Sai Properties Limited |
Company Information |
for the Period 25 September 2023 to 30 September 2024 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
5 London Road |
Rainham |
Gillingham |
Kent |
ME8 7RG |
Jai Sai Properties Limited (Registered number: 15161970) |
Statement of Financial Position |
30 September 2024 |
Notes | £ | £ |
FIXED ASSETS |
Investment property | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT LIABILITIES | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
7 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Share premium |
Retained earnings |
The directors acknowledge their 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. |
Jai Sai Properties Limited (Registered number: 15161970) |
Statement of Financial Position - continued |
30 September 2024 |
The financial statements were approved by the Board of Directors and authorised for issue on |
Jai Sai Properties Limited (Registered number: 15161970) |
Notes to the Financial Statements |
for the Period 25 September 2023 to 30 September 2024 |
1. | STATUTORY INFORMATION |
Jai Sai Properties Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Income recognition |
Income represents the fair value of rents received or receivable from the company's property portfolio. |
Investment property |
Investment property is included at fair value. Gains are recognised in the income statement and shown in a fair value reserve. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold. |
Financial instruments |
The Company enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties.Basic financial instruments are recognised at amortised cost, with changes recognised in the income statement. |
Taxation |
Taxation for the period 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 statement of financial position date. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 period 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. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was NIL. |
Jai Sai Properties Limited (Registered number: 15161970) |
Notes to the Financial Statements - continued |
for the Period 25 September 2023 to 30 September 2024 |
4. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
Additions |
At 30 September 2024 |
NET BOOK VALUE |
At 30 September 2024 |
5. | DEBTORS |
£ |
Amounts falling due within one year: |
Trade debtors |
Amounts falling due after more than one year: |
Other debtors |
Aggregate amounts |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Taxation and social security |
Other creditors |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
£ |
Mortgage loans |
Hire purchase contracts |
Amounts falling due in more than five years: |
Repayable otherwise than by instalments |
Mortgage loans |
Jai Sai Properties Limited (Registered number: 15161970) |
Notes to the Financial Statements - continued |
for the Period 25 September 2023 to 30 September 2024 |
8. | SECURED DEBTS |
The following secured debts are included within creditors: |
£ |
Mortgage loans |
Hire purchase contracts | 1,751 |
The mortgage loans are secured by means of legal charges over the properties held by the company. |
The hire purchase loan is secured on the particular assets purchased. |