ACCOUNTS - Final Accounts preparation

Analysis of the maturity of loans is given below:

JAMM LIVING LIMITED - Company Information

Caseware UK (AP4) 2020.0.247 2020.0.247 truefalse3No description of principal activity2020-04-013trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09586687 2020-04-01 2021-03-31 09586687 2019-04-01 2020-03-31 09586687 2021-03-31 09586687 2020-03-31 09586687 c:Director1 2020-04-01 2021-03-31 09586687 d:CurrentFinancialInstruments 2021-03-31 09586687 d:CurrentFinancialInstruments 2020-03-31 09586687 d:Non-currentFinancialInstruments 2021-03-31 09586687 d:Non-currentFinancialInstruments 2020-03-31 09586687 d:CurrentFinancialInstruments d:WithinOneYear 2021-03-31 09586687 d:CurrentFinancialInstruments d:WithinOneYear 2020-03-31 09586687 d:Non-currentFinancialInstruments d:AfterOneYear 2021-03-31 09586687 d:Non-currentFinancialInstruments d:AfterOneYear 2020-03-31 09586687 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2021-03-31 09586687 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2020-03-31 09586687 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2021-03-31 09586687 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2020-03-31 09586687 d:ShareCapital 2021-03-31 09586687 d:ShareCapital 2020-03-31 09586687 d:RetainedEarningsAccumulatedLosses 2021-03-31 09586687 d:RetainedEarningsAccumulatedLosses 2020-03-31 09586687 c:FRS102 2020-04-01 2021-03-31 09586687 c:AuditExempt-NoAccountantsReport 2020-04-01 2021-03-31 09586687 c:FullAccounts 2020-04-01 2021-03-31 09586687 c:PrivateLimitedCompanyLtd 2020-04-01 2021-03-31 09586687 6 2020-04-01 2021-03-31 iso4217:GBP xbrli:pure

Registered number: 09586687

Jamm Living Limited

Unaudited

Financial statements

Information for filing with the registrar

For the Year Ended 31 March 2021

Jamm Living Limited

Registered number: 09586687

Statement of Financial Position

As at 31 March 2021

		2021		2020
Note		£		£


Current assets
Debtors: amounts falling due within one year	4	9,113		-
Cash at bank and in hand	5	31,254		5,144
		40,367		5,144
Creditors: amounts falling due within one year	6	(27,808)		(20,700)
Net current assets/(liabilities)			12,559		(15,556)
Total assets less current liabilities			12,559		(15,556)
Creditors: amounts falling due after more than one year	7		(42,892)		-

Net liabilities			(30,333)		(15,556)

Capital and reserves
Called up share capital	300	300
Profit and loss account	(30,633)	(15,856)
	(30,333)	(15,556)

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Jamm Living Limited

Registered number: 09586687

Statement of Financial Position (continued)

As at 31 March 2021

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

T Jackson

Director

Date: 28 March 2022

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Jamm Living Limited

Notes to the Financial Statements

For the Year Ended 31 March 2021

1.	General information

Jamm Living Limited is a private company limited by shares, incorporated in England & Wales (registered number: 09586687). The registered office is 64 New Cavendish Street, London, W1G 8TB, and the principal place of business address is 6 Broadbent Cl, Highgate, London, N6 5JW.
The financial statements are presented in Sterling, which is the functional currency of the company.
The principal activity of the company is that of real estate activities.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Going concern

In assessing the ability of the company to operate as a going concern, management have evaluated current and forecasted operational results, and the solvency of the company. The financial statements have been prepared on the going concern basis. The company is dependent on the directors and shareholders for financial support, which the directors are confident will continue for a period of at least another 12 months following the approval of these financial statements.
As at 31 March 2021, the company had net liabilities of £30,333 (2020: £15,556). The directors and shareholders have indicated their present intention to provide adequate finance to enable the company to continue in operational existence, and on this basis the directors consider it appropriate to prepare the financial statements on the going concern basis.

2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

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Jamm Living Limited

Notes to the Financial Statements

For the Year Ended 31 March 2021

2.Accounting policies (continued)

2.4

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.6

Cash and cash equivalents

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.

2.8

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of Comprehensive Income in the same period as the related expenditure.

2.9

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

2.10

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Employees

The average monthly number of employees, including directors, during the year was 3 (2020 - 3).

Debtors

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Jamm Living Limited

Notes to the Financial Statements

For the Year Ended 31 March 2021

					2021	2020
					£	£


Amounts owed by group undertakings	9,113	-
	9,113	-

5.	Cash and cash equivalents
		2021	2020
		£	£

Cash at bank and in hand	31,254	5,144
	31,254	5,144

6.	Creditors: Amounts falling due within one year
		2021	2020
		£	£

Bank loans	7,108	-
Other creditors	19,200	19,200
Accruals and deferred income	1,500	1,500
	27,808	20,700

7.	Creditors: Amounts falling due after more than one year
		2021	2020
		£	£

Bank loans	42,892	-
	42,892	-

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Jamm Living Limited

Notes to the Financial Statements

For the Year Ended 31 March 2021

Amounts falling due within one year
Bank loans	7,108	-
	7,108	-
Amounts falling due 1-2 years
Bank loans	9,687	-
	9,687	-
Amounts falling due 2-5 years
Bank loans	33,205	-
	33,205	-

	50,000	-

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