JADEFINE LIMITED Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 02037054

JADEFINE LIMITED

Filleted Unaudited Financial Statements

31 March 2025

JADEFINE LIMITED

Statement of Financial Position

31 March 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	4		250,000	250,000

Current assets

Debtors	5	6,648,567	6,943,437
Cash at bank and in hand		620,236	197,378
		------------	------------
		7,268,803	7,140,815

Creditors: amounts falling due within one year	6	3,136,079		1,204,135
		------------		------------
Net current assets			4,132,724	5,936,680
			------------	------------
Total assets less current liabilities			4,382,724	6,186,680

Creditors: amounts falling due after more than one year	7	–	1,854,538
		------------	------------
Net assets		4,382,724	4,332,142
		------------	------------

Capital and reserves

Called up share capital	100	100
Revaluation reserve	2,726,108	2,726,108
Profit and loss account	1,656,516	1,605,934
	------------	------------
Shareholders funds	4,382,724	4,332,142
	------------	------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 March 2025 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 financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

JADEFINE LIMITED

Statement of Financial Position (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 2 December 2025 , and are signed on behalf of the board by:

Johalco Limited

Director

Company registration number: 02037054

JADEFINE LIMITED

Notes to the Financial Statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Sovereign House, 184 Nottingham Road, Basford, Nottingham, NG7 7BA.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Tangible assets

In accordance with SSAP19, the freehold investment property is revalued annually and the aggregate surplus or deficit is transferred to the revaluation reserve, and no depreciation is provided in respect of this property.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Plant and machinery	-	20% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

4. Tangible assets

	Land and buildings	Plant and machinery	Total
	£	£	£
Cost
At 1 April 2024 and 31 March 2025	250,000	145,964	395,964
	---------	---------	---------
Depreciation
At 1 April 2024 and 31 March 2025	–	145,964	145,964
	---------	---------	---------
Carrying amount
At 31 March 2025	250,000	–	250,000
	---------	---------	---------
At 31 March 2024	250,000	–	250,000
	---------	---------	---------

Tangible assets held at valuation

The directors valued the freehold property at £250,000 (2024 £250,000)at 31 March 2025.

5. Debtors

	2025	2024
	£	£
Trade debtors	86,568	81,438
Amounts owed by group undertakings and undertakings in which the company has a participating interest	6,561,999	6,861,999
	------------	------------
	6,648,567	6,943,437
	------------	------------

6. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	1,886,633	113,283
Trade creditors	1,225,092	1,069,055
Corporation tax	13,104	10,400
Social security and other taxes	2,916	3,113
Other creditors	8,334	8,284
	------------	------------
	3,136,079	1,204,135
	------------	------------

7. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	–	1,854,538
	----	------------

8. Bank loans and overdrafts

The bank loans and overdrafts are secured.

9. Related party transactions

Swaran Estates Limited and Davenant Estates Limited are both subsidiaries of Jadefine Limited for both this year and last year.