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REGISTERED NUMBER: 09949106 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 NOVEMBER 2024

FOR

JIKONI LIMITED

JIKONI LIMITED (REGISTERED NUMBER: 09949106)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 NOVEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


JIKONI LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 NOVEMBER 2024







DIRECTORS: Ms R Bhogal
N Nanjuwany





REGISTERED OFFICE: 7 St. John's Road,
Harrow,
Middlesex
HA1 2EY





REGISTERED NUMBER: 09949106 (England and Wales)





ACCOUNTANTS: Macalvins Limited
Chartered Accountants
7 St John's Road
Harrow
Middlesex
HA1 2EY

JIKONI LIMITED (REGISTERED NUMBER: 09949106)

BALANCE SHEET
29 NOVEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 261
Tangible assets 5 410,157 454,674
410,157 454,935

CURRENT ASSETS
Stocks 6 13,823 4,983
Debtors 7 234,467 177,062
Cash at bank and in hand 122,935 94,743
371,225 276,788
CREDITORS
Amounts falling due within one year 8 376,738 427,311
NET CURRENT LIABILITIES (5,513 ) (150,523 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

404,644

304,412

CREDITORS
Amounts falling due after more than one year 9 409,158 421,020
NET LIABILITIES (4,514 ) (116,608 )

CAPITAL AND RESERVES
Called up share capital 1,964 1,964
Share premium Account 338,636 338,636
Revaluation reserve 12 350,000 350,000
Retained earnings (695,114 ) (807,208 )
SHAREHOLDERS' FUNDS (4,514 ) (116,608 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 November 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Board of Directors and authorised for issue on 6 August 2025 and were signed on its behalf by:



N Nanjuwany - Director


JIKONI LIMITED (REGISTERED NUMBER: 09949106)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 NOVEMBER 2024

1. STATUTORY INFORMATION

Jikoni Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Going Concern
The financial statements have been prepared on a going concern basis notwithstanding the company's net current liabilities position as at the year end. The directors of the company have provided with an undertaking that they will continue to support financially for the foreseeable future and that they will not seek repayment of the amounts currently owing to them in the twelve months from the date of signing the financial statements.

Turnover
Turnover represents amount received from sale of food and beverages, excluding value added tax.

Revenue Recognition
Revenue is recognised when services are rendered.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Website Development is being amortised evenly over its estimated useful life of four years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - Over the term of the lease
Plant and machinery - 25% reducing balance
Fixtures and fittings - 25% reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Financial assets and financial liabilities are recognised in the Company’s balance sheet when the Company becomes a party to the contractual provisions of the instrument.

Loans and borrowings
Loans and borrowings are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method

Taxation
Taxation for the period 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 balance sheet date.


JIKONI LIMITED (REGISTERED NUMBER: 09949106)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 NOVEMBER 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 period 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 32 (2023 - 26 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 30 November 2023
and 29 November 2024 7,500
AMORTISATION
At 30 November 2023 7,239
Charge for year 261
At 29 November 2024 7,500
NET BOOK VALUE
At 29 November 2024 -
At 29 November 2023 261

JIKONI LIMITED (REGISTERED NUMBER: 09949106)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 NOVEMBER 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Long Plant and and
leasehold machinery fittings Totals
£    £    £    £   
COST
At 30 November 2023 595,288 90,571 64,315 750,174
Additions - 4,878 4,532 9,410
Disposals - - (8,007 ) (8,007 )
At 29 November 2024 595,288 95,449 60,840 751,577
DEPRECIATION
At 30 November 2023 180,977 72,767 41,756 295,500
Charge for year 39,686 5,052 5,576 50,314
Eliminated on disposal - - (4,394 ) (4,394 )
At 29 November 2024 220,663 77,819 42,938 341,420
NET BOOK VALUE
At 29 November 2024 374,625 17,630 17,902 410,157
At 29 November 2023 414,311 17,804 22,559 454,674

6. STOCKS
2024 2023
£    £   
Food and Drink 13,823 4,983

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 7,225 6,736
Accrued income 3,613 -
Other debtors 223,629 170,326
234,467 177,062

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 10) 9,740 9,740
Trade creditors 115,477 136,129
Taxation and social security 57,970 93,011
Other creditors 193,551 188,431
376,738 427,311

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans (see note 10) 28,903 31,844
Other creditors 380,255 389,176
409,158 421,020

JIKONI LIMITED (REGISTERED NUMBER: 09949106)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 NOVEMBER 2024

10. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans 9,740 9,740

Amounts falling due between one and two years:
Bank loans - 1-2 years 9,740 9,740
Other loans - 1-2 years 380,255 389,176
389,995 398,916

Amounts falling due between two and five years:
Bank loans - 2-5 years 19,163 22,104

11. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 38,643 41,584

12. RESERVES
Revaluation
reserve
£   
At 30 November 2023
and 29 November 2024 350,000

13. RELATED PARTY DISCLOSURES

Included within debtors as at year end is £56,715 (2023: £30,590), an amount owed by the directors of the company. Total amount of £16,000 was repaid back to the company within nine months from the balance sheet date.

Included within other loans as at period end is £132,797 (2023: £132,797), an amount owed to Hammonds (Tottenham) Limited, a company owned by Mr Nanjuwany's parents. There are no specific terms to the repayment of this amount.