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Registered number: 11901408
Jade Capital Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2025
Affinity Associates (Flemmings) Limited
Accountants and Tax Advisors
76 Canterbury Road
Croydon
Surrey
CR0 3HA
Jade Capital Ltd
Contents
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Jade Capital Ltd
Balance Sheet
As At 31 March 2025
Balance Sheet
Registered number: 11901408
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,147 289
Investment Properties 5 1,300,000 1,250,000
Investments 6 400 409
1,301,547 1,250,698
CURRENT ASSETS
Debtors 7 1,327,089 1,212,368
Investments 8 163,097 326,824
Cash at bank and in hand 49,075 41,451
1,539,261 1,580,643
Creditors: Amounts Falling Due Within One Year 9 (1,491,253 ) (1,449,249 )
NET CURRENT ASSETS (LIABILITIES) 48,008 131,394
TOTAL ASSETS LESS CURRENT LIABILITIES 1,349,555 1,382,092
Creditors: Amounts Falling Due After More Than One Year 10 (821,510 ) (827,236 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (26,904 ) (56,906 )
NET ASSETS 501,141 497,950
CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 74,244 157,834
Profit and Loss Account 426,797 340,016
SHAREHOLDERS' FUNDS 501,141 497,950
Page 1
Page 2
Jade Capital Ltd
Balance Sheet (continued)
As At 31 March 2025
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.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr N J Aston
Director
30 December 2025
The notes on pages 3 to 7 form part of these financial statements.
Page 2
Page 3
Jade Capital Ltd
Notes to the Financial Statements
For The Year Ended 31 March 2025
Notes to the Financial Statements
1. General Information
Jade Capital Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11901408 . The registered office is 76 Canterbury Road, Croydon, Surrey, CR0 3HA .
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
The financial statements are presented in Pound Sterling, which is the functional currency of the company. 
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures, Fittings & Equipment 20% Straight Line
Computer Equipment 33% Straight Line
2.4. Investment Properties
Investment properties are properties held to earn rentals and/or for capital appreciation. Investment properties are initially measured at cost, including transaction costs. Subsequently investment properties whose fair value can be measured reliably on an on-going basis are measured at fair value. Gains and losses arising from changes in the fair value of investment nronerties are included in profit or loss in the neriod in which the in the fair value of investment properties are included in profit or loss in the period in which they arise.
Investment properties whose fair value cannot be measured reliably on an on-going basis are included in plant, property and equipment at cost less accumulated depreciation and accumulated impairment losses.
2.5. Financial Instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is a is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balancee sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.
2.6. Foreign Currencies
Transactions in foreign currencies are recorded at the exchange rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated at the closing rates at the balance sheet date. All exchange differences are included in the profit and loss account.
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Jade Capital Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.8. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.9. Investments
Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.
2.10. Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: 2)
2 2
Page 4
Page 5
Jade Capital Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
4. Tangible Assets
Fixtures, Fittings & Equipment
£
Cost or Valuation
As at 1 April 2024 44,085
Additions 1,323
Disposals (270 )
As at 31 March 2025 45,138
Depreciation
As at 1 April 2024 43,796
Provided during the period 465
Disposals (270 )
As at 31 March 2025 43,991
Net Book Value
As at 31 March 2025 1,147
As at 1 April 2024 289
5. Investment Property
2025
£
Fair Value
As at 1 April 2024 1,250,000
Fair value adjustments 50,000
As at 31 March 2025 1,300,000
The investment property was revalued on 31 March 2025 at fair value by the director of the company who is not a professionally qualified valuer. In the opinion of the director, the fair value of the investment property is £1,300,000 as at 31 March 2025.
There has been no valuation of the investment property by an independent valuer.
The historic cost of the investment property is £1,157,470 (2024 - £1,157,470). The depreciation on this historic
cost is £Nil (2024 - £Nil)
6. Investments
Subsidiaries Associates Total
£ £ £
Cost
As at 1 April 2024 10 399 409
Revaluations - (9 ) (9 )
As at 31 March 2025 10 390 400
Provision
As at 1 April 2024 - - -
As at 31 March 2025 - - -
...CONTINUED
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Page 6
Jade Capital Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
Net Book Value
As at 31 March 2025 10 390 400
As at 1 April 2024 10 399 409
7. Debtors
2025 2024
£ £
Due within one year
Trade debtors 42,130 42,130
Prepayments and accrued income 25,332 16,013
Other debtors 52,874 57,922
Amounts owed by subsidiaries 132,283 130,515
Amounts owed by other participating interests 1,074,470 965,788
1,327,089 1,212,368
Details of other debtors
Other debtors includes two loans totaling £49,999 provided by the company. The interest receivable on these loans varies and payable on the redemption date. The two loans do not have a fixed repayment date as at the balance sheet date.
8. Current Asset Investments
2025 2024
£ £
Unlisted investments 163,097 326,824
The historic cost of the unlisted investment is £204,616 (2024: £204,616).
9. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 234 133
Bank loans and overdrafts 6,618 6,619
Corporation tax 37,954 37,660
Taxation and social security 6,579 13,640
Other creditors 2,001 5,951
Pension contribution unpaid 294 -
Directors' loan accounts 1,437,563 1,385,236
Amounts owed to group undertakings 10 10
1,491,253 1,449,249
10. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank borrowings 821,510 827,236
One of the bank borrowings is secured by way of legal charge over the investment property owned by the company.
Page 6
Page 7
Jade Capital Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
11. Related Party Transactions
Other transactions with directors
Mr N J R Aston
(Director and shareholder)
During the year, dividends totalling to £32,400 were paid to Mr N J R Aston (2024: £213,600).
Mr N J R Aston has provided an interest free loan to the company, which is repayable on demand.
At the balance sheet date, the amount due to Mr N J Aston was £1,437,563 (2024: £1,385,236).
Summary of transactions with all subsidiaries
The company has a 50% shareholding in Hampstead Land Ltd, a company incorporated in England and Wales. 
Mr N J R Aston is also a director in Hampstead Land Ltd.
At the balance sheet date, the amount due from Hampstead Land Ltd was £132,283 (2024: £130,515).
The loan is interest free and repayable on demand.
Summary of transactions with all associates
The company has a 22.5% interest in Tax International Limited, a company incorporated in England and Wales. 
Mr N J R Aston is also a director in Tax International Limited.
The company has provided an unsecured loan facility to Tax International Limited with an interest rate of 15% per annum and it is repayable on demand with 30 days notice.
At the balance sheet date the amount due from Tax International in respect of the loan was £930,000 (2024:£877,320).
The company also has a 47.5% interest in Online Media Group Limited, a company incorporated in Hong Kong. 
Mr N J R Aston is also a director in Online Media Group Limited. 
The company has provided an unsecured loan facility to Online Media Group Limited. The loan consists of expenses paid on behalf of Online Media Group Limited and recharges. This loan is interest free and repayable on demand with 30 days notice.
At the balance sheet date the amount due from Online Media Group Limited in respect of the loan was £144,470 (2024:£88,467).
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