Jenga House Ltd Filleted accounts for Companies House (small and micro)

JENGA HOUSE LIMITED - Company Information

2 false false false false false false false false false true false false false false true true No description of principal activity 2022-01-01 Sage Accounts Production Advanced 2021 - FRS102_2021 6,745,000 6,745,000 6,745,000 248,254 xbrli:pure xbrli:shares iso4217:GBP 09251194 2022-01-01 2022-12-31 09251194 2022-12-31 09251194 2021-01-01 2021-12-31 09251194 2021-12-31 09251194 bus:Director2 2022-01-01 2022-12-31 09251194 core:WithinOneYear 2022-12-31 09251194 core:WithinOneYear 2021-12-31 09251194 core:AfterOneYear 2022-12-31 09251194 core:AfterOneYear 2021-12-31 09251194 core:ShareCapital 2022-12-31 09251194 core:ShareCapital 2021-12-31 09251194 core:RetainedEarningsAccumulatedLosses 2022-12-31 09251194 core:RetainedEarningsAccumulatedLosses 2021-12-31 09251194 core:CostValuation core:Non-currentFinancialInstruments 2022-12-31 09251194 core:Non-currentFinancialInstruments 2022-12-31 09251194 core:Non-currentFinancialInstruments 2021-12-31 09251194 core:RevaluationInvestmentPropertyDeferredTax 2022-12-31 09251194 core:RevaluationInvestmentPropertyDeferredTax 2021-12-31 09251194 core:DeferredTaxation 2022-12-31 09251194 bus:SmallEntities 2022-01-01 2022-12-31 09251194 bus:AuditExempt-NoAccountantsReport 2022-01-01 2022-12-31 09251194 bus:FullAccounts 2022-01-01 2022-12-31 09251194 bus:SmallCompaniesRegimeForAccounts 2022-01-01 2022-12-31 09251194 bus:PrivateLimitedCompanyLtd 2022-01-01 2022-12-31

COMPANY REGISTRATION NUMBER: 09251194

Jenga House Ltd

Filleted Unaudited Financial Statements

31 December 2022

Jenga House Ltd

Balance Sheet

31 December 2022

	2022	2021
Note	£	£

Fixed assets

Investments	5	6,745,000	6,745,000

Current assets

Debtors	6	50,728	53,546
Cash at bank and in hand		27,838	37,683
		--------	--------
		78,566	91,229

Creditors: amounts falling due within one year	7	662,768	527,996
		---------	---------
Net current liabilities		584,202	436,767
		------------	------------
Total assets less current liabilities		6,160,798	6,308,233

Creditors: amounts falling due after more than one year	8	4,418,642	4,611,040

Provisions

Taxation including deferred tax	9	248,254	248,254
		------------	------------
Net assets		1,493,902	1,448,939
		------------	------------

Capital and reserves

Called up share capital		2	2
Profit and loss account	11	1,493,900	1,448,937
		------------	------------
Shareholders funds		1,493,902	1,448,939
		------------	------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- 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 ;

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

Jenga House Ltd

Balance Sheet (continued)

31 December 2022

These financial statements were approved by the board of directors and authorised for issue on 31 August 2023 , and are signed on behalf of the board by:

Mr H Shah
Director

Company registration number: 09251194

Jenga House Ltd

Notes to the Financial Statements

Year ended 31 December 2022

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

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

The rental income shown in the profit and loss account represents amounts receivable for the period.

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.

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

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the balance sheet and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

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

The company operates a defined contribution pension scheme and the pension charge represents the amounts payable by the company to the fund for the period

4. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2021: 2 ).

5. Investments

	Investment properties
	£
Cost
At 1 January 2022 and 31 December 2022	6,745,000
	------------
Impairment
At 1 January 2022 and 31 December 2022	–
	------------

Carrying amount
At 31 December 2022	6,745,000
	------------
At 31 December 2021	6,745,000
	------------

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

	2022	2021
	£	£
Other debtors	50,728	53,546
	--------	--------

7. Creditors: amounts falling due within one year

	2022	2021
	£	£
Bank loans and overdrafts	200,851	193,428
Trade creditors	1,815	7,481
Corporation tax	5,991	842
Social security and other taxes	1,713	–
Other creditors	452,398	326,245
	---------	---------
	662,768	527,996
	---------	---------

8. Creditors: amounts falling due after more than one year

	2022	2021
	£	£
Bank loans and overdrafts	3,468,763	3,687,685
Shareholders loan	949,879	923,355
	------------	------------
	4,418,642	4,611,040
	------------	------------

The aggregated bank loans of £3,634,699(2021:£3,835,550) are secured by a first legal charge over the company's investment properties. Within the above amount of £3,433,848 is due after 5 years.

9. Provisions

	Deferred tax (note 10)
	£
At 1 January 2022 and 31 December 2022	248,254
	---------

10. Deferred tax

The deferred tax included in the balance sheet is as follows:

	2022	2021
	£	£
Included in provisions (note 9)	248,254	248,254
	---------	---------

The deferred tax account consists of the tax effect of timing differences in respect of:

	2022	2021
	£	£
Fair value adjustment of investment property	248,254	248,254
	---------	---------

11. Profit and loss account

	2022	2021
	£	£
Distributable reserves	435,553	390,590
Fair value gains on investment properties	1,058,347	1,058,347
	------------	------------
	1,493,900	1,448,937
	------------	------------

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.