Jaques Enterprises Ltd - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 11640747 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

FOR

JAQUES ENTERPRISES LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs I Jaques

Mr S Jaques

REGISTERED OFFICE:

C/o Kay Johnson Gee

1 City Road East

Manchester

M15 4PN

REGISTERED NUMBER:

11640747 (England and Wales)

ACCOUNTANTS:

KJG

100 Barbirolli Square

Manchester

M2 3BD

FIXED ASSETS

Investment property

4

2,743,923

2,743,923

CURRENT ASSETS

Debtors

5

160,000

2

Cash at bank

71,796

5,253

231,796

5,255

CREDITORS

Amounts falling due within one year

6

1,708,204

1,465,861

NET CURRENT LIABILITIES

(1,476,408

)

(1,460,606

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,267,515

1,283,317

CREDITORS

Amounts falling due after more than one year

7

1,276,695

1,275,000

NET (LIABILITIES)/ASSETS

(9,180

)

8,317

CAPITAL AND RESERVES

Called up share capital

9

2

2

Retained earnings

(9,182

)

8,315

SHAREHOLDERS' FUNDS

(9,180

)

8,317

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 in accordance with Section 476 of the Companies Act 2006.

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.

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

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 September 2023 and were signed on its behalf by:

Mr S Jaques - Director

1.	STATUTORY INFORMATION

Jaques Enterprises Limited is a private company, limited by shares, registered in England and Wales, registration number 11640747. The address of the registered office is Kay Johnson Gee, 1 City Road East, Manchester, M15 4PN and the principal place of business is 2 Angus Road, Wirral, United Kingdom, CH63 0LR.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the profit and loss account, 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 year 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.

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 method unless the effect of discounting would be immaterial, in which case they are stated at cost.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2021 - NIL).

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2022

and 31 December 2022

2,743,923

NET BOOK VALUE

At 31 December 2022

2,743,923

At 31 December 2021

2,743,923

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.22

31.12.21

£

£

Other debtors

160,000

2

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.22

31.12.21

£

£

Trade creditors

1,256

2,972

Taxation and social security

(1,851

)

1,951

Other creditors

1,708,799

1,460,938

1,708,204

1,465,861

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.22

31.12.21

£

£

Bank loans

1,276,695

1,275,000

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.22

31.12.21

£

£

Bank loans

1,276,695

1,275,000

The company is party to a composite agreement with its bankers to secure the mortgage liability indebted to Aldermore Bank PLC.There is a first, fixed and floating charge registered in favour of Aldermore Bank PLC dated 1st February 2021 over all properties.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.22

31.12.21

value:

£

£

2

Ordinary

1.00

2

2