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JAKE & CO CAPITAL LTD

Registered Number
13077414
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2024

JAKE & CO CAPITAL LTD
Company Information
for the year from 1 January 2024 to 31 December 2024

Director | Jake Wang

Registered Address | 61 Bridge Street
| Kington
| HR5 3DJ

Registered Number | 13077414 (England and Wales)

JAKE & CO CAPITAL LTD
Balance Sheet as at
31 December 2024

| Notes | 2024 |  | 2023
--- | --- | --- | --- | ---
|  | £ |  | £ |  | £ |  | £
Fixed assets |  |  |  |  |  |  |  |
Tangible assets | 3 |  |  | 494 |  |  |  | -
Investment property | 4 |  |  | 127,850 |  |  |  | 127,850
|  |  |  | 128,344 |  |  |  | 127,850
Current assets |  |  |  |  |  |  |  |
Debtors | 5 | 1,494 |  |  |  | 6,477 |  |
Cash at bank and on hand |  | 2,081 |  |  |  | 1,319 |  |
|  | 3,575 |  |  |  | 7,796 |  |
Creditors amounts falling due within one year | 6 | (44,272) |  |  |  | (24,290) |  |
Net current assets (liabilities) |  |  |  | (40,697) |  |  |  | (16,494)
Total assets less current liabilities |  |  |  | 87,647 |  |  |  | 111,356
Creditors amounts falling due after one year | 7 |  |  | (95,625) |  |  |  | (95,625)
Provisions for liabilities | 8 |  |  | (4,479) |  |  |  | (4,479)
Net assets |  |  |  | (12,457) |  |  |  | 11,252
Capital and reserves |  |  |  |  |  |  |  |
Called up share capital |  |  |  | 1 |  |  |  | 1
Revaluation reserve |  |  |  | - |  |  |  | 25,881
Profit and loss account |  |  |  | (12,458) |  |  |  | (14,630)
Shareholders' funds | 9 |  |  | (12,457) |  |  |  | 11,252

- The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
- The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
- The Director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
- These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
- The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 12 September 2025, and are signed on its behalf by:
Jake Wang Director Registered Company No. 13077414

JAKE & CO CAPITAL LTD
Notes to the Financial Statements
for the year ended 31 December 2024

1. | Accounting policies
--- | ---

| Statutory information
--- | ---
| The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

| Statement of compliance
--- | ---
| The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

| Basis of preparation
--- | ---
| The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

| Going concern
--- | ---
| After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.

| Turnover policy
--- | ---
| 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.

| Deferred tax
--- | ---
| 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.

| Tangible fixed assets and depreciation
--- | ---
| All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

|  | Straight line (years)
| Office Equipment | 5

| Investment property
--- | ---
| The investment property is accounted for under FRS 102, Section 16 Investment Property. Investment property is remeasured to fair value at each balance sheet date with fair value gains and losses being reported in profit or loss. Investment properties are valued using RICS open market valuation on a freehold basis. In previous years the company presented fair value gains on investment property within a revaluation reserve. Under FRS 102, such gains are required to be recognised in profit or loss and no revaluation reserve is permitted. The revaluation reserve of £25,881 at 1 January 2024 has therefore been transferred to retained earnings. This change does not affect the reported profit or net assets of the company.

| Related parties
--- | ---
| For the purposes of these financial statements, a related party could be a person or an entity. Careful consideration is given to the definition of a related party to ensure that all related party relationships, transactions and balances are identified.

2. | Average number of employees
--- | ---

|  | 2024 |  | 2023
| Average number of employees during the year | 1 |  | 1

3. | Tangible fixed assets
--- | ---

|  | Office Equipment |  | Total
--- | --- | --- | --- | ---
|  | £ |  | £
| Cost or valuation
| Additions | 618 |  | 618
| At 31 December 24 | 618 |  | 618
| Depreciation and impairment
| Charge for year | 124 |  | 124
| At 31 December 24 | 124 |  | 124
| Net book value
| At 31 December 24 | 494 |  | 494
| At 31 December 23 | - |  | -

4. | Investment property
--- | ---

|  | £
| Fair value at 01 January 24 | 127,850
| At 31 December 24 | 127,850

5. | Debtors: amounts due within one year
--- | ---

|  | 2024 |  | 2023
--- | --- | --- | --- | ---
|  | £ |  | £
| Trade debtors / trade receivables | 800 |  | 775
| Amounts owed by associates and joint ventures / participating interests | - |  | 5,000
| Other debtors | - |  | 43
| Prepayments and accrued income | 694 |  | 659
| Total | 1,494 |  | 6,477

6. | Creditors: amounts due within one year
--- | ---

|  | 2024 |  | 2023
--- | --- | --- | --- | ---
|  | £ |  | £
| Trade creditors / trade payables | 1,067 |  | 1,005
| Amounts owed to related parties | 41,825 |  | 21,875
| Accrued liabilities and deferred income | 1,380 |  | 1,410
| Total | 44,272 |  | 24,290

7. | Creditors: amounts due after one year
--- | ---

|  | 2024 |  | 2023
--- | --- | --- | --- | ---
|  | £ |  | £
| Bank borrowings and overdrafts | 95,625 |  | 95,625
| Total | 95,625 |  | 95,625

8. | Provisions for liabilities
--- | ---

|  | 2024 |  | 2023
--- | --- | --- | --- | ---
|  | £ |  | £
| Net deferred tax liability (asset) | 4,479 |  | 4,479
| Total | 4,479 |  | 4,479

9. | Revaluation reserve
--- | ---
| In previous years the company presented fair value gains on investment property within a revaluation reserve. Under FRS 102, such gains are required to be recognised in profit or loss and no revaluation reserve is permitted. The revaluation reserve of £25,881 at 1 January 2024 has therefore been transferred to retained earnings - this movement is shown as "revaluations of other assets" below. Following this transfer the revaluation reserve as at 31 December 2024 is £nil. This change does not affect the reported profit or net assets of the company.

|  | £
| Reserve at 01 January 24 | 25,881
| Revaluations of other assets | (25,881)

10. | Related party transactions
--- | ---
| The company was involved in various related party transactions during the year as described below: During the year the company was repaid the £5,000 owed by A&J Accommodation Limited as at 31 December 2023, a company in which Jake Wang is also a director. As at 31 December 2024 the company owed £2,798 to Bridgnect Co., Limited (2023: £2,798), a company in which Jake Wang is also a director. The director has advanced and been advanced monies by the company during the year. The balance as at 31 December 2024 is £39,027 (2023: £19,077)