Caseware UK (AP4) 2024.0.164 2024.0.164 2024-06-302024-06-30falsefalseNo description of principal activity2023-07-0132falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 05476356 2023-07-01 2024-06-30 05476356 2022-07-01 2023-06-30 05476356 2024-06-30 05476356 2023-06-30 05476356 c:Director2 2023-07-01 2024-06-30 05476356 d:Buildings d:ShortLeaseholdAssets 2023-07-01 2024-06-30 05476356 d:Buildings d:ShortLeaseholdAssets 2024-06-30 05476356 d:Buildings d:ShortLeaseholdAssets 2023-06-30 05476356 d:PlantMachinery 2023-07-01 2024-06-30 05476356 d:PlantMachinery 2024-06-30 05476356 d:PlantMachinery 2023-06-30 05476356 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 05476356 d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 05476356 d:CurrentFinancialInstruments 2024-06-30 05476356 d:CurrentFinancialInstruments 2023-06-30 05476356 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 05476356 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 05476356 d:ShareCapital 2024-06-30 05476356 d:ShareCapital 2023-06-30 05476356 d:RetainedEarningsAccumulatedLosses 2024-06-30 05476356 d:RetainedEarningsAccumulatedLosses 2023-06-30 05476356 c:OrdinaryShareClass1 2023-07-01 2024-06-30 05476356 c:OrdinaryShareClass1 2024-06-30 05476356 c:OrdinaryShareClass1 2023-06-30 05476356 c:FRS102 2023-07-01 2024-06-30 05476356 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 05476356 c:FullAccounts 2023-07-01 2024-06-30 05476356 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 05476356 d:AcceleratedTaxDepreciationDeferredTax 2024-06-30 05476356 d:AcceleratedTaxDepreciationDeferredTax 2023-06-30 05476356 2 2023-07-01 2024-06-30 05476356 e:PoundSterling 2023-07-01 2024-06-30 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 05476356














J & R SINAI LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

 
J & R SINAI LIMITED
 

CONTENTS



Page
Statement of Financial Position
 
1 - 2
Notes to the Financial Statements
 
3 - 8

 
J & R SINAI LIMITED
REGISTERED NUMBER:05476356

STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
  
4,198
7,889

Current assets
  

Stocks
  
1,241,983
1,222,810

Debtors: amounts falling due within one year
 5 
87,929
97,950

Bank & cash balances
  
1,721,032
1,626,638

  
3,050,944
2,947,398

Current liabilities
  

Creditors: amounts falling due within one year
 6 
(2,702,075)
(2,680,022)

Net current assets
  
 
 
348,869
 
 
267,376

Total assets less current liabilities
  
353,067
275,265

Provisions for liabilities
  

Deferred tax
  
(798)
(1,576)

Net assets
  
352,269
273,689


Capital and reserves
  

Called up share capital 
 8 
2
2

Profit and loss account
  
352,267
273,687

  
352,269
273,689


Page 1

 
J & R SINAI LIMITED
REGISTERED NUMBER:05476356
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 JUNE 2024

The Directors consider 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 year in question in accordance with section 476 of the Companies Act 2006.

The Directors acknowledge their 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 31 March 2025.



R Sinai
Director

The notes on pages 3 to 8 form part of these financial statements.
Page 2

 
J & R SINAI LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

J & R Sinai Limited is a limited liability Company registered in England and Wales. Its registered office is at 170 Kensington Church Street, London, United Kingdom, W8 4BN.
The principal activity of the Company during the year was that of antique dealers. 

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

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is £ sterling.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

 
2.3

Turnover

Turnover is measured at the fair value of amounts receivable in respect of goods and services provided in the year, net of trade discounts and excluding value added tax. The company recognises revenue from goods when the goods are delivered to the customer. Revenue from services is recognised when all contractual obligations have been met.

 
2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

Page 3

 
J & R SINAI LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.6

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.7

Current and deferred taxation

The tax expense for the year 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 reporting 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 reporting 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 reporting date.


Page 4

 
J & R SINAI LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on the following bases.

Depreciation is provided on the following basis:

S/Term Leasehold Property
-
5%
straight line
Plant & machinery
-
20%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.9

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a weighted average basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.10

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.

Page 5

 
J & R SINAI LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.11

BASIC FINANCIAL INSTRUMENTS

The Company only enters into transactions that result in basic financial instruments such as trade and other debtors, trade and other creditors, cash at bank and in hand, loans to related parties. 
Trade debtors, other debtors and loans to related parties are recognised initially at the transaction price less attributable transaction costs. Trade creditors, other creditors and loans from related parties are recognised initially at transaction price plus attributable transaction costs. Subsequently they are measured at amortised cost using the effective interest method, less any impairment losses in the case of trade and other debtors, and loans to related parties. 
Interest bearing borrowings, such bank loans, classified as basic financial instruments are recognised initially at the present value of future payments discounted at a market rate of interest. Thereafter they are stated at amortised cost using the effective interest method. 


 
2.12

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2023 - 2).

Page 6

 
J & R SINAI LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

4.


Tangible fixed assets





S/Term Leasehold Property
Plant & machinery
Total

£
£
£



Cost or valuation


At 1 July 2023
70,429
12,196
82,625



At 30 June 2024

70,429
12,196
82,625



Depreciation


At 1 July 2023
63,382
11,356
74,738


Charge for the year on owned assets
3,521
168
3,689



At 30 June 2024

66,903
11,524
78,427



Net book value



At 30 June 2024
3,526
672
4,198



At 30 June 2023
7,048
840
7,888


5.


Debtors

2024
2023
£
£


Trade debtors
87,929
97,950



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
1,382,812
1,331,937

Other taxation and social security
35,303
21,499

Other creditors
1,236,327
1,310,342

Accruals and deferred income
47,633
16,244

2,702,075
2,680,022


Page 7

 
J & R SINAI LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

7.


Deferred taxation




2024


£






At beginning of year
(1,576)


Charged to profit or loss
778



At end of year
(798)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(798)
(1,576)


8.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



2 (2023 - 2) Ordinary shares of £1 each
2
2



9.


Related party transactions

As at balance sheet date, the Company owed £383,002 (2023 - £362,013) to the directors of the Company. This balance is included within other creditors.

 
Page 8