Caseware UK (AP4) 2024.0.164 2024.0.164 2024-09-302024-09-30The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false2023-09-07falseNo description of principal activity2truetrue 15123093 2023-09-06 15123093 2023-09-07 2024-09-30 15123093 2022-09-07 2023-09-06 15123093 2024-09-30 15123093 c:Director2 2023-09-07 2024-09-30 15123093 d:LeaseholdInvestmentProperty 2023-09-07 2024-09-30 15123093 d:LeaseholdInvestmentProperty 2024-09-30 15123093 d:CurrentFinancialInstruments 2024-09-30 15123093 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 15123093 d:ShareCapital 2024-09-30 15123093 d:RetainedEarningsAccumulatedLosses 2024-09-30 15123093 c:OrdinaryShareClass1 2023-09-07 2024-09-30 15123093 c:OrdinaryShareClass1 2024-09-30 15123093 c:FRS102 2023-09-07 2024-09-30 15123093 c:AuditExempt-NoAccountantsReport 2023-09-07 2024-09-30 15123093 c:FullAccounts 2023-09-07 2024-09-30 15123093 c:PrivateLimitedCompanyLtd 2023-09-07 2024-09-30 15123093 2 2023-09-07 2024-09-30 15123093 e:PoundSterling 2023-09-07 2024-09-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 15123093









J&G LONDON LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 30 SEPTEMBER 2024

 
J&G LONDON LTD
REGISTERED NUMBER: 15123093

BALANCE SHEET
AS AT 30 SEPTEMBER 2024

2024
Note
£

Fixed assets
  

Investment property
 4 
10,866,625

  
10,866,625

Current assets
  

Debtors: amounts falling due within one year
 5 
47,223

Cash at bank and in hand
 6 
58,683

  
105,906

Creditors: amounts falling due within one year
 7 
(10,944,102)

Net current (liabilities)/assets
  
 
 
(10,838,196)

Total assets less current liabilities
  
28,429

  

Net assets
  
28,429


Capital and reserves
  

Called up share capital 
 8 
100

Profit and loss account
  
28,329

  
28,429


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 period 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 income and retained earnings 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 by: 




Page 1

 
J&G LONDON LTD
REGISTERED NUMBER: 15123093
    
BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 2024

................................................
Shanshan ZHANG
Director

Date: 2 June 2025

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
J&G LONDON LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2024

1.


General information

J&G London Ltd is a private company limited by shares registered in England and Wales. The
address of the Company's registered office is 124 Finchley Road, London, United Kingdom, NW3 5JS.
The company was incorporated on 7 September 2023 and commenced to trade on 29 September 2023. 

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

Going concern

The directors, having reviewed the Company's financial performance and position up to the date
these financial statements were approved, are of the opinion that the Company has available at its
disposal, adequate financial resources to continue in operational existence for the foreseeable future.  
While there will always remain inherent uncertainty, the directors have no reason to believe that a
material uncertainty exists that may cast significant doubt about the ability of the Company to
continue as a going concern and therefore consider it both appropriate to continue to adopt the going
concern basis in preparing the Company's financial statements and to not recognise any adjustments
in the financial statements that would arise if the going concern basis were to become no longer
appropriate.

 
2.3

Revenue

Revenue comprises turnover recognised by the Company in respect of rental income receivable
during the year with amounts recognised in accordance with the underlying contractual arrangement
on a straight line basis over the term of occupancy and is measured at the fair value of the
consideration receivable.

 
2.4

Interest income

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

 
2.5

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.

Page 3

 
J&G LONDON LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.6

Taxation

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 balance sheet date in the countries where the Company operates and generates income.


 
2.7

Investment property

Investment properties are initially recognised at cost which includes purchase cost and any directly
attributable expenditure. After initial recognition, investment properties are carried at fair value
derived from current market rent and investment property yields for comparable real estate; adjusted,
where considered necessary, for differences in either the nature, location and/or condition of the
specific real estate asset. No depreciation is provided against investment properties with changes in
fair value recognised through profit or loss.
                                                                                                                                                                       In accordance with Financial Reporting Standard 102, the fair value assessment is conducted
annually by the director.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the period was 2.

Page 4

 
J&G LONDON LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2024

4.


Investment properties


Long term leasehold investment properties

£



Valuation


Additions at cost
10,866,625



At 30 September 2024
10,866,625

The 2024 valuations were made by directors, on an open market value for existing use basis.








5.


Debtors

2024
£


Prepayments and accrued income
47,223

47,223



6.


Cash and cash equivalents

2024
£

Cash at bank and in hand
58,683

58,683


Page 5

 
J&G LONDON LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2024

7.


Creditors: Amounts falling due within one year

2024
£

Corporation tax
7,039

Other creditors
10,915,634

Accruals and deferred income
21,429

10,944,102



8.


Share capital

2024
£
Allotted, called up and fully paid


100 Ordinary Share  of £1.00 each
100


The shares were issued on 7 September 2023. The consideration was £100.


9.


Related party transactions

There is a non-interest bearing loan of £10,892,154 due to the director, Ms Shanshan ZHANG.


10.


Controlling party

The ultimate controlling party during the period was Ms Shanshan ZHANG.

 
Page 6