H & Jay Investments Limited - Filleted accounts

Registered number

10493284

H & Jay Investments Limited

Filleted Accounts

30 November 2024

H & Jay Investments Limited
Registered number:		10493284
Balance Sheet
as at 30 November 2024

Notes			2024			2023
£				£
Fixed assets
Intangible assets	3		100,000			100,000
Tangible assets	4		164,206			173,202
			264,206			273,202

Current assets
Stocks		235,000			187,000
Debtors	5	39,091			51,605
Cash at bank and in hand		14,544			21,275
		288,635			259,880

Creditors: amounts falling due within one year	6	(384,703)			(347,517)

Net current liabilities			(96,068)			(87,637)

Total assets less current liabilities			168,138			185,565

Creditors: amounts falling due after more than one year	7		(85,653)			(105,009)



Net assets			82,485			80,556

Capital and reserves
Called up share capital			1			1
Profit and loss account			82,484			80,555

Shareholders' funds			82,485			80,556

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Can Koroglu
Director
Approved by the board on 18 June 2025

H & Jay Investments Limited
Notes to the Accounts
for the year ended 30 November 2024


1	Accounting policies

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Freehold buildings	over 50 years
	Leasehold land and buildings	over the lease term
	Plant and machinery	over 5 years
	Fixtures, fittings, tools and equipment	over 5 years

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.


2	Employees			2024		2023
Number					Number

	Average number of persons employed by the company			8		8


3	Intangible fixed assets					£
	Goodwill:

	Cost
	At 1 December 2023					100,000
	At 30 November 2024					100,000

	Amortisation
	At 30 November 2024					-

	Net book value
	At 30 November 2024					100,000
	At 30 November 2023					100,000

	Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.


4	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Total
£			£		£
	Cost
	At 1 December 2023	117,887		171,945		289,832
	Additions	-		2,583		2,583
	At 30 November 2024	117,887		174,528		292,415

	Depreciation
	At 1 December 2023	-		116,630		116,630
	Charge for the year	-		11,579		11,579
	At 30 November 2024	-		128,209		128,209

	Net book value
	At 30 November 2024	117,887		46,319		164,206
	At 30 November 2023	117,887		55,315		173,202


5	Debtors			2024		2023
£					£

	Other debtors			39,091		51,605


6	Creditors: amounts falling due within one year			2024		2023
£					£

	Trade creditors			120,411		24,270
	Taxation and social security costs			900		1,795
	Other creditors			263,392		321,452
				384,703		347,517


7	Creditors: amounts falling due after one year			2024		2023
£					£

	Other creditors			85,653		105,009


8	Controlling party

	Cityfitlondon Ltd controls the company by virtue of holding 100% of the issued share capital.


9	Other information

	H & Jay Investments Limited is a private company limited by shares and incorporated in England. Its registered office is:
	8 Clock House Parade
	North Circular Road
	London
	N13 6BG