JD Capital Investments Limited 10921723 false 2023-09-01 2024-08-31 2024-08-31 The principal activity of the company is that of property investments. Digita Accounts Production Advanced 6.30.9574.0 true 10921723 2023-09-01 2024-08-31 10921723 2024-08-31 10921723 bus:OrdinaryShareClass1 bus:Non-cumulativeNon-redeemableShares 2024-08-31 10921723 core:CurrentFinancialInstruments 2024-08-31 10921723 core:CurrentFinancialInstruments core:WithinOneYear 2024-08-31 10921723 core:Non-currentFinancialInstruments 2024-08-31 10921723 core:Non-currentFinancialInstruments core:AfterOneYear 2024-08-31 10921723 bus:SmallEntities 2023-09-01 2024-08-31 10921723 bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 10921723 bus:FilletedAccounts 2023-09-01 2024-08-31 10921723 bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 10921723 bus:RegisteredOffice 2023-09-01 2024-08-31 10921723 bus:Director1 2023-09-01 2024-08-31 10921723 bus:Director2 2023-09-01 2024-08-31 10921723 bus:OrdinaryShareClass1 bus:Non-cumulativeNon-redeemableShares 2023-09-01 2024-08-31 10921723 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 10921723 bus:Agent1 2023-09-01 2024-08-31 10921723 countries:EnglandWales 2023-09-01 2024-08-31 10921723 2023-08-31 10921723 2022-09-01 2023-08-31 10921723 2023-08-31 10921723 bus:OrdinaryShareClass1 bus:Non-cumulativeNon-redeemableShares 2023-08-31 10921723 core:CurrentFinancialInstruments 2023-08-31 10921723 core:CurrentFinancialInstruments core:WithinOneYear 2023-08-31 10921723 core:Non-currentFinancialInstruments 2023-08-31 10921723 core:Non-currentFinancialInstruments core:AfterOneYear 2023-08-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 10921723

JD Capital Investments Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 August 2024

 

JD Capital Investments Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

JD Capital Investments Limited

Company Information

Directors

Mrs S Bathija

Mr A Bathija

Registered office

3 Southwell Road
Kenton
Harrow
HA3 0NJ

Accountants

Richlands Business Advisers Limited
Chartered Accountants42-46 Station Road
Edgware
Middlesex
HA8 7AB

 

JD Capital Investments Limited

(Registration number: 10921723)
Balance Sheet as at 31 August 2024

Note

2024
£

2023
£

Fixed assets

 

Investment property

4

1,319,022

1,319,022

Current assets

 

Debtors

5

5,650

1,815

Cash at bank and in hand

 

3,503

12,089

 

9,153

13,904

Creditors: Amounts falling due within one year

6

(449,016)

(440,370)

Net current liabilities

 

(439,863)

(426,466)

Total assets less current liabilities

 

879,159

892,556

Creditors: Amounts falling due after more than one year

6

(829,781)

(848,880)

Net assets

 

49,378

43,676

Capital and reserves

 

Called up share capital

7

10

10

Retained earnings

49,368

43,666

Shareholders' funds

 

49,378

43,676

For the financial year ending 31 August 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 and 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 Profit and Loss Account.

Approved and authorised by the Board on 27 May 2025 and signed on its behalf by:

.........................................

Mrs S Bathija
Director

 

JD Capital Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 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:
3 Southwell Road
Kenton
Harrow
HA3 0NJ
United Kingdom

These financial statements were authorised for issue by the Board on 27 May 2025.

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.

Revenue recognition

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

Investment property

Investment property is carried at fair value, assessed internally by the directors at the year-end. Changes in fair value are recognised in profit or loss.

 

JD Capital Investments Limited

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

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

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 profit and loss account 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.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

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

 

JD Capital Investments Limited

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

4

Investment properties

2024
£

At 1 September

1,319,022

At 31 August

1,319,022

The fair value of the investment properties at the date of the balance sheet was £1,319,022 (2021: £1,319,022).
The fair value of the investment properties were assessed internally by the directors at the year-end.

5

Debtors

2024
£

2023
£

Trade debtors

4,810

-

Other debtors

840

840

Accrued income

-

975

Total current trade and other debtors

5,650

1,815

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Other creditors

 

430,853

430,853

Accrued expenses

 

1,620

1,620

Corporation tax payable

 

1,047

-

Deferred income

 

5,750

-

Directors current account

 

9,746

7,897

 

449,016

440,370

Due after one year

 

Loans and borrowings

8

829,781

848,880

Other creditors includes £397,500 borrowed interest free from The Bathija Family Trust.

 

JD Capital Investments Limited

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

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary Share Capital of £1 each

10

10

10

10

       

8

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Other borrowings

829,781

848,880

9

Related party transactions

The company has borrowed £397,500 interest free from The Bathija Family Trust of which Mr A Bathija and Mrs S Bathija are the trustees.

Jade Capital Investments Limited and St. Albans Road Investments Limited (common directors)

The company has borrowed £33,353.08 from Jade Capital Investments Limited.

The company has lend £840 to St. Albans Road Investments Limited.

10

Transition to FRS 102

This is the first year the company is preparing accounts under FRS 102 Section 1A. The policies applied under the entities previous accounting framework are not materially different to FRS 102 and have not impacted on the equity or profit or loss.