Jalside Limited iXBRL


Relate AccountsProduction v2.7.2 v2.7.2 2022-01-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity of the company continues to be as estate agents and property management. 8 August 2023 0 0 00872913 2022-12-31 00872913 2021-12-31 00872913 2020-12-31 00872913 2022-01-01 2022-12-31 00872913 2021-01-01 2021-12-31 00872913 uk-bus:PrivateLimitedCompanyLtd 2022-01-01 2022-12-31 00872913 uk-curr:PoundSterling 2022-01-01 2022-12-31 00872913 uk-bus:AbridgedAccounts 2022-01-01 2022-12-31 00872913 uk-core:ShareCapital 2022-12-31 00872913 uk-core:ShareCapital 2021-12-31 00872913 uk-core:RetainedEarningsAccumulatedLosses 2022-12-31 00872913 uk-core:RetainedEarningsAccumulatedLosses 2021-12-31 00872913 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2022-12-31 00872913 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2021-12-31 00872913 uk-bus:FRS102 2022-01-01 2022-12-31 00872913 uk-core:FurnitureFittingsToolsEquipment 2022-01-01 2022-12-31 00872913 uk-core:CostValuation 2022-12-31 00872913 uk-core:Associate1 2022-01-01 2022-12-31 00872913 2022-01-01 2022-12-31 00872913 uk-bus:Director1 2022-01-01 2022-12-31 00872913 uk-bus:AuditExempt-NoAccountantsReport 2022-01-01 2022-12-31 xbrli:pure iso4217:GBP xbrli:shares
Company Registration Number: 00872913
 
 
Jalside Limited
 
Abridged Unaudited Financial Statements
 
for the financial year ended 31 December 2022
Jalside Limited
Company Registration Number: 00872913
ABRIDGED BALANCE SHEET
as at 31 December 2022

2022 2021
Notes £ £
 
Fixed Assets
Tangible assets 4 141,040 141,040
Investments 5 120,000 120,000
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261,040 261,040
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Current Assets
Debtors 355,012 391,476
Cash and cash equivalents 184,548 91,386
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539,560 482,862
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Creditors: amounts falling due within one year (11,859) (21,726)
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Net Current Assets 527,701 461,136
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Total Assets less Current Liabilities 788,741 722,176
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Capital and Reserves
Called up share capital 100 100
Retained earnings 788,641 722,076
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Equity attributable to owners of the company 788,741 722,176
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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).
           
All of the members have consented to the preparation of abridged accounts in accordance with section 444(2A) of the Companies Act 2006.
           
The company has taken advantage of the exemption under section 444 not to file the Abridged Profit and Loss Account and Director's Report.
For the financial year ended 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The director confirms that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The director acknowledges his responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Director and authorised for issue on 8 August 2023
           
           
________________________________          
Mr M Scott          
Director          
           



Jalside Limited
NOTES TO THE ABRIDGED FINANCIAL STATEMENTS
for the financial year ended 31 December 2022

   
1. General Information
 
Jalside Limited is a company limited by shares incorporated in the United Kingdom. The registered office of the company is Handel House, 95 High Street, Edgware HA8 7DB. The principal activity of the company continues to be as estate agents and property management. The financial statements have been presented in Pound Sterling (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the year ended 31 December 2022 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Turnover
Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts.
 
Tangible assets and depreciation
Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:
 
  Fixtures, fittings and equipment - 25% Straight line
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Investment properties
Investment property is property held either to earn rental income, or for capital appreciation (including future re-development) or for both, but not for sale in the ordinary course of business. Investment property is initially measured at cost, which includes the purchase cost and any directly attributable expenditure. Investment property is subsequently valued at its fair value at each reporting date, by professional external valuers. The difference between the fair value of an investment property at the reporting date and its carrying value prior to the valuation is recognised in the Abridged Profit and Loss Account as a fair value gain or loss. Any gain or loss on disposal of an investment property (calculated as the difference between the net proceeds from disposal and the carrying amount of the item) is recognised in the Abridged Profit and Loss Account.
 
Investments
Investments held as fixed assets are stated at cost less provision for any permanent diminution in value. Income from other investments together with any related tax credit is recognised in the profit and loss account in the year in which it is receivable.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.
       
3. Employees
 
The average monthly number of employees, including director, during the financial year was 1, (2021 - 1).
         
4. Tangible assets
  Investment Fixtures, Total
  properties fittings and  
    equipment  
  £ £ £
Cost
At 1 January 2022 141,039 3,957 144,996
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At 31 December 2022 141,039 3,957 144,996
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Depreciation
At 1 January 2022 - 3,956 3,956
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At 31 December 2022 - 3,956 3,956
  ───────── ───────── ─────────
Net book value
At 31 December 2022 141,039 1 141,040
  ═════════ ═════════ ═════════
At 31 December 2021 141,039 1 141,040
  ═════════ ═════════ ═════════
     
5. Investments
  Group and
  participating
  interests/
  joint ventures
Investments £
Cost
 
At 31 December 2022 120,000
  ─────────
Net book value
At 31 December 2022 120,000
  ═════════
At 31 December 2021 120,000
  ═════════
             
5.1. Holdings of 20% or more
The company holds 20% or more of the share capital of the following company:
 
  Country Nature   Details Proportion
  of of   of held by
Name incorporation and address of Registered Office business   investment company
 
Participating interests and
joint ventures
Estate Acquisition & Development Ltd England Property dealing   Ordinary £1 21.94%
 
The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:
 
  Year ended Capital and     Profit for
    reserves     the year
    £     £
 
Estate Acquisition & Development Ltd 31 December 2022 1,502,467     268,858
    ═════════     ═════════
 
In the opinion of the director, the value to the company of the unlisted investments is not less than the book amount shown above.