1.
General Information
Juan Limited
is a private company, limited by shares, incorporated in England & Wales, registered number
04281790
. The registered office is First Floor Global House, 299-303 Ballards Lane, London, N12 8NP.
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.
2.2.
Turnover
Turnover represents rents receivable from the investment properties owned by the company. Rents are recognised up to the the year end date.
2.3.
Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.4.
Financial Instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.
2.5.
Taxation
2.5.
Taxation - continued
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.
...CONTINUED
Juan Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 January 2026
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 and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.6.
Cash and cash equivalent
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
2.7.
Creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
3.
Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2025: NIL)
4.
Investment Property
| 2026 | |
|---|---|
| £ | |
| Fair Value | |
| As at 1 February 2025 and 31 January 2026 |
|
If investment property had been accounted for under historical cost accounting rules, the amounts would be:
| 2026 | 2025 | ||
|---|---|---|---|
| £ | £ | ||
| Cost | 835,032 | 835,032 | |
Juan Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 January 2026
Investment properties are revalued annually at their open market value in accordance with FRSSE (effective April 2008). The surplus or deficit on revaluation is transferred to a revaluation reserve except where the deficit reduces the property below its historical cost, in which case it is taken to the profit and loss account.
Fair value at 31st January 2026 is represented by:
|
31/01/26]
|
31/01/25
|
||
|
£
|
£
|
||
|
Valuation in 2016
|
64,968
|
64,968
|
|
|
Cost
|
835,032
![1](data:image/svg+xml;utf8,<svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 80 2" preserveAspectRatio="none"> <line x1="0" y1="1" x2="80" y2="1" stroke="black" shape-rendering="crispEdges"/> </svg>){kind=small}
|
835,032
|
|
|
900,000
![1](data:image/svg+xml;utf8,<svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 80 5" preserveAspectRatio="none"> <line x1="0" y1="1" x2="80" y2="1" stroke="black" shape-rendering="crispEdges"/> <line x1="0" y1="4" x2="80" y2="4" stroke="black" shape-rendering="crispEdges"/> </svg>){kind=small}
|
|
900,000
|
5.
Debtors
| 2026 | 2025 | ||
|---|---|---|---|
| £ | £ | ||
| Due within one year | |||
6.
Creditors: Amounts Falling Due Within One Year
| 2026 | 2025 | ||
|---|---|---|---|
| £ | £ | ||
| Trade creditors |
|
|
|
| Corporation tax |
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|
| Deferred Rental Income |
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|
| Accruals and deferred income |
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| Directors' loan accounts |
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7.
Creditors: Amounts Falling Due After More Than One Year
| 2026 | 2025 | ||
|---|---|---|---|
| £ | £ | ||
| Bank loans |
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| Amounts owed to group undertakings |
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8.
Secured Creditors
The bank loan is secured by way of legal charge over the company's investment property.
Juan Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 January 2026
9.
Deferred Taxation
The provision for deferred tax is made up as follows:
| 2026 | 2025 | ||
|---|---|---|---|
| £ | £ | ||
| Other timing differences | 16,242 | 16,242 | |
11.
Reserves
| Other reserves | Profit and Loss Account | |
|---|---|---|
| £ | £ | |
| As at 1 February 2025 |
|
|
| Profit for the year and total comprehensive income | - |
|
| Movements in other reserves | - | - |
| As at 31 January 2026 |
|
|
12.
Related Party Transactions
At the year end the company owed £18,722 (2025-£14,722) to its directors.
The company continued to receive rent from The Hotel Boutique Limited for the use of the investment property. The rent received this year is £Nil (2025-£48,985)
The Hotel Boutique Limited is a related party by virtue of being controlled by Lola O'Keefe, daughter of Julie O'Keefe, a director.
The amount owed to group undertakings of £444,552 (2025-£456,745) is owed to The Hotel Group limited £14,095 (2025-£14,095); Hotel Boutique Limited £64,567 ( 2025-£76,760) and A.A. Michaelides (Brook Green) Limited £365,890 (£365,890). All companies are under the common control of the directors/shareholders.
13.
Ultimate Controlling Party
The company is under the control of the directors by virtue of their ownership of 100% of the issued share capital in the company.