REGISTERED NUMBER: |
Financial Statements for the Period 25 January 2022 to 31 January 2023 |
for |
JLM Ventures Limited |
REGISTERED NUMBER: |
Financial Statements for the Period 25 January 2022 to 31 January 2023 |
for |
JLM Ventures Limited |
JLM Ventures Limited (Registered number: 13870231) |
Contents of the Financial Statements |
for the Period 25 January 2022 to 31 January 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
JLM Ventures Limited |
Company Information |
for the Period 25 January 2022 to 31 January 2023 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Certified Accountants |
238 Station Road |
Addlestone |
Surrey |
KT15 2PS |
JLM Ventures Limited (Registered number: 13870231) |
Balance Sheet |
31 January 2023 |
Notes | £ |
FIXED ASSETS |
Investment property | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 | ( |
) |
NET CURRENT LIABILITIES | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
7 |
( |
) |
NET LIABILITIES | ( |
) |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | ( |
) |
( |
) |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
JLM Ventures Limited (Registered number: 13870231) |
Notes to the Financial Statements |
for the Period 25 January 2022 to 31 January 2023 |
1. | STATUTORY INFORMATION |
JLM Ventures Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Investment property |
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 without undue cost or effort on an on-going basis are measured at fair value. |
Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise. |
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. |
Going concern |
The shareholders of the company have indicated their willingness to financially support the company for the foreseeable future, therefore, the accounts have been prepared on a going concern basis. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was NIL. |
JLM Ventures Limited (Registered number: 13870231) |
Notes to the Financial Statements - continued |
for the Period 25 January 2022 to 31 January 2023 |
4. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
Additions |
At 31 January 2023 |
NET BOOK VALUE |
At 31 January 2023 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Other loans |
Other creditors |
Directors' current accounts | 324 |
Accrued expenses |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
£ |
Bank loans more 5 years |
non-installments | 266,438 |
Other loans - 1-2 years | 12,500 |
Other loans - 2-5 years | 50,000 |
Other loans more 5yrs instal |
Amounts falling due in more than five years: |
Repayable otherwise than by instalments |
Bank loans more 5 years |
non-installments |
Repayable by instalments |
Other loans more 5yrs instal | 50,000 |
8. | RELATED PARTY DISCLOSURES |
At the year end the directors' were owed £324 in respect of their directors' loan account. |
The loan is interest free and repayable on demand. |