Jenga House Ltd Filleted accounts for Companies House (small and micro)
Jenga House Ltd Filleted accounts for Companies House (small and micro)
COMPANY REGISTRATION NUMBER:
09251194
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Balance Sheet |
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2021 |
2020 |
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Note |
£ |
£ |
Fixed assets
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Investments |
5 |
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Current assets
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Debtors |
6 |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
7 |
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Net current liabilities |
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Total assets less current liabilities |
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Creditors: amounts falling due after more than one year |
8 |
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Provisions
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Taxation including deferred tax |
9 |
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Net assets |
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Capital and reserves
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Called up share capital |
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Profit and loss account |
11 |
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Shareholders funds |
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In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
Directors' responsibilities:
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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
;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
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Balance Sheet (continued) |
These financial statements were approved by the
board of directors
and authorised for issue on
30 August 2022
, and are signed on behalf of the board by:
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Director |
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Company registration number:
09251194
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Notes to the Financial Statements |
Year ended 31 December 2021
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 9A The Broadway, Stanmore, Middlesex, HA7 4DA, United Kingdom.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Revenue recognition
Deferred tax
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
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:
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Fixture & Fittings |
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Straight line over three years |
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Investments
Investment properties are revalued annually to their fair value and any surplus or deficit is dealt with through profit and loss.
No depreciation or amortisation is provided in respect of investment properties.
Provisions
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Defined contribution plans
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
2
(2020:
2
).
5.
Investments
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Investment properties |
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£ |
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Cost |
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At 1 January 2021 and 31 December 2021 |
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Impairment |
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At 1 January 2021 and 31 December 2021 |
– |
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Carrying amount |
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At 31 December 2021 |
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At 31 December 2020 |
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The valuation of the company's investment properties was carried out at the balance sheet date by the directors on an open market basis.
No depreciation is provided in respect of these properties.
6.
Debtors
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2021 |
2020 |
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£ |
£ |
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Other debtors |
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7.
Creditors:
amounts falling due within one year
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2021 |
2020 |
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£ |
£ |
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Bank loans and overdrafts |
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Trade creditors |
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Corporation tax |
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– |
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Other creditors |
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8.
Creditors:
amounts falling due after more than one year
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2021 |
2020 |
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£ |
£ |
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Bank loans and overdrafts |
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Shareholders loan |
923,355 |
862,663 |
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The aggregated bank loans of £3,835,550 (2020:£3,845,276) are secured by a first legal charge over the company's investment properties. Within the above amount of £3,687,685 is due after 5 years.
9.
Provisions
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Deferred tax (note 10) |
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£ |
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At 1 January 2021 and 31 December 2021 |
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10.
Deferred tax
The deferred tax included in the balance sheet is as follows:
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2021 |
2020 |
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£ |
£ |
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Included in provisions (note 9) |
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The deferred tax account consists of the tax effect of timing differences in respect of:
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2021 |
2020 |
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£ |
£ |
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Fair value adjustment of investment property |
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11.
Profit and loss account
| 2021 | 2020 | ||
| £ | £ | ||
| Distributable reserves | 390,590 | 361,773 | |
| Fair value gains on investment properties | 1,058,347 | 1,058,347 | |
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| 1,448,937 | 1,420,120 | ||
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12.
Parent company
The company is a wholly owned subsidiary of Orion House Development Limited, a company incorporated in England & Wales, which is also the ultimate parent undertaking.