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REGISTERED NUMBER: 08316959














Unaudited Financial Statements for the Year Ended 31 August 2024

for

Jaerndal Ltd

Jaerndal Ltd (Registered number: 08316959)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Jaerndal Ltd

Company Information
for the Year Ended 31 August 2024







DIRECTOR: Ms L M Jaerndal





REGISTERED OFFICE: The Retreat
406 Roding Lane South
Woodford Green
Essex
IG8 8EY





REGISTERED NUMBER: 08316959





ACCOUNTANTS: Nordens
The Retreat
406 Roding Lane South
Woodford Green
Essex
IG8 8EY

Jaerndal Ltd (Registered number: 08316959)

Statement of Financial Position
31 August 2024

31.8.24 31.8.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,994 2,659
Investment property 5 800,000 800,000
801,994 802,659

CURRENT ASSETS
Debtors 6 844,264 -
Cash at bank 13,273 49,149
857,537 49,149
CREDITORS
Amounts falling due within one year 7 (977,429 ) (248,810 )
NET CURRENT LIABILITIES (119,892 ) (199,661 )
TOTAL ASSETS LESS CURRENT LIABILITIES 682,102 602,998

CREDITORS
Amounts falling due after more than one year 8 (487,491 ) (478,404 )
NET ASSETS 194,611 124,594

CAPITAL AND RESERVES
Called up share capital 1 1
Revaluation reserve 9 330,100 330,100
Retained earnings (135,490 ) (205,507 )
SHAREHOLDERS' FUNDS 194,611 124,594

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Jaerndal Ltd (Registered number: 08316959)

Statement of Financial Position - continued
31 August 2024


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 May 2025 and were signed by:





Ms L M Jaerndal - Director


Jaerndal Ltd (Registered number: 08316959)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Jaerndal Ltd is a private company, limited by shares , registered in Not specified/Other. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year 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 year 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.

Going concern
The financial statements have been prepared on the going concern basis. The director is of the opinion that the shareholders will continue to support it, and provide adequate funding when necessary to enable it to meet its obligations for the foreseeable future, being for a period of at least twelve months from the date of approval of the financial statements.

Jaerndal Ltd (Registered number: 08316959)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 September 2023
and 31 August 2024 9,954
DEPRECIATION
At 1 September 2023 7,295
Charge for year 665
At 31 August 2024 7,960
NET BOOK VALUE
At 31 August 2024 1,994
At 31 August 2023 2,659

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2023
and 31 August 2024 800,000
NET BOOK VALUE
At 31 August 2024 800,000
At 31 August 2023 800,000

Fair value at 31 August 2024 is represented by:
£   
Valuation in 2020 750,160
Valuation in 2021 (3,160 )
Valuation in 2022 53,000
800,000

Jaerndal Ltd (Registered number: 08316959)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

5. INVESTMENT PROPERTY - continued

If properties had not been revalued they would have been included at the following historical cost:

31.8.24 31.8.23
£    £   
Cost 469,900 469,900

Investment properties were valued on an open market basis on 31 August 2021 by Ms L Jaerndal .

6. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.8.24 31.8.23
£    £   
Amounts owed by participating interests 844,264 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans and overdrafts 1,540 1,540
Other creditors 975,889 247,270
977,429 248,810

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans 487,491 478,404

Amounts falling due in more than five years:

Repayable by instalments
Mortgage 485,053 474,426

9. RESERVES
Revaluation
reserve
£   
At 1 September 2023
and 31 August 2024 330,100

10. RELATED PARTY DISCLOSURES

The Director Ms L Jaerndal is considered to be key management personnel.