REGISTERED NUMBER: 02986943 (England and Wales)

FINANCIAL STATEMENTS

FOR THE PERIOD 1 FEBRUARY 2025 TO 30 JUNE 2026

FOR

JADE PALACE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

C Y Fung

W T Fung

SECRETARY:

C Y Fung

REGISTERED OFFICE:

12 Station Court

Station Approach

Wickford

Essex

SS11 7AT

REGISTERED NUMBER:

02986943 (England and Wales)

ACCOUNTANTS:

Connah Goldsworthy

Chartered Certified Accountants

First Floor East Suite

Cottis House

Locks Hill

Rochford

Essex

SS4 1BB

FIXED ASSETS

Tangible assets

4

-

24,628

CURRENT ASSETS

Stocks

-

3,500

Debtors

5

3,274

466

Cash at bank and in hand

8,661

121,781

11,935

125,747

CREDITORS

Amounts falling due within one year

6

11,835

65,697

NET CURRENT ASSETS

100

60,050

TOTAL ASSETS LESS CURRENT LIABILITIES

100

84,678

PROVISIONS FOR LIABILITIES

-

4,679

NET ASSETS

100

79,999

CAPITAL AND RESERVES

Called up share capital

7

100

100

Retained earnings

8

-

79,899

SHAREHOLDERS' FUNDS

100

79,999

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 June 2026.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 June 2026 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 August 2026 and were signed on its behalf by:

C Y Fung - Director

1.	STATUTORY INFORMATION

Jade Palace 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.

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

5% on reducing balance

Equipment

-

10% on reducing balance

Fixtures and fittings

-

10% on 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.

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.

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.

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 period was 8 (2025 - 8 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

and

property

Equipment

fittings

Totals

£

£

£

£

COST

At 1 February 2025

163,967

68,520

64,241

296,728

Disposals

(163,967

)

(68,520

)

(64,241

)

(296,728

)

At 30 June 2026

-

-

-

-

DEPRECIATION

At 1 February 2025

163,897

51,556

56,647

272,100

Charge for period

99

2,404

1,075

3,578

Eliminated on disposal

(163,996

)

(53,960

)

(57,722

)

(275,678

)

At 30 June 2026

-

-

-

-

NET BOOK VALUE

At 30 June 2026

-

-

-

-

At 31 January 2025

70

16,964

7,594

24,628

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.26

31.1.25

£

£

Other debtors

3,274

466

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.26

31.1.25

£

£

Trade creditors

-

13,999

Taxation and social security

4,263

44,066

Other creditors

7,572

7,632

11,835

65,697

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.26

31.1.25

value:

£

£

100

Ordinary

£1

100

100

8.

RESERVES

Retained

earnings

£

At 1 February 2025

79,899

Deficit for the period

(1,803

)

Dividends

(78,096

)

At 30 June 2026

-

9.	ULTIMATE CONTROLLING PARTY

There is no overall controlling party.