JLM INVESTMENTS LIMITED - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 05745203 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

JLM INVESTMENTS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Jason Mouskis

Mrs Christiana Mouskis

REGISTERED OFFICE:

12 Gateway Mews

Ring Way

London

N11 2UT

REGISTERED NUMBER:

05745203 (England and Wales)

ACCOUNTANTS:

G. George Associates Limited

Chartered Certified Accountants

12 Gateway Mews

Ring Way

London

N11 2UT

FIXED ASSETS

Tangible assets

4

2,460

25

Investment property

5

610,540

505,000

613,000

505,025

CURRENT ASSETS

Cash at bank

19,923

152,617

CREDITORS

Amounts falling due within one year

6

9,878

26,287

NET CURRENT ASSETS

10,045

126,330

TOTAL ASSETS LESS CURRENT LIABILITIES

623,045

631,355

CREDITORS

Amounts falling due after more than one year

7

(295,730

)

(302,306

)

PROVISIONS FOR LIABILITIES

(40,591

)

(30,849

)

NET ASSETS

286,724

298,200

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Fair value reserve

8

220,885

230,627

Retained earnings

64,839

66,573

SHAREHOLDERS' FUNDS

286,724

298,200

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 September 2023 and were signed on its behalf by:

Jason Mouskis - Director

1.	STATUTORY INFORMATION

JLM INVESTMENTS LIMITED is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 as modified by the revaluation of certain assets.

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

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. Deferred taxation is provided on such surplus or deficit at the rate expected to apply when the property is sold.

The fair value profits on investment property is not a realised profit available for distribution. In order to differentiate the non-distributable proftits with the distributable profits of the company, any fair value movements on investment property less the deferred tax on such movements is transferred from retained earnings to fair value reserves, which is a non-distributable reserve.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 April 2022

2,445

Additions

3,255

At 31 March 2023

5,700

DEPRECIATION

At 1 April 2022

2,420

Charge for year

820

At 31 March 2023

3,240

NET BOOK VALUE

At 31 March 2023

2,460

At 31 March 2022

25

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2022

505,000

Additions

105,540

At 31 March 2023

610,540

NET BOOK VALUE

At 31 March 2023

610,540

At 31 March 2022

505,000

Fair value at 31 March 2023 is represented by:

£

Valuation in 2016

241,476

Valuation in 2021

20,000

Cost

349,064

610,540

If investment property had not been revalued it would have been included at the following historical cost:

31.3.23

31.3.22

£

£

Cost

349,064

243,524

Investment property was valued on an open market basis on 31 March 2023 by the Directors .

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.23

31.3.22

£

£

Taxation and social security

-

421

Other creditors

9,878

25,866

9,878

26,287

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.23

31.3.22

£

£

Bank loans

295,730

302,306

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

295,730

302,306

8.

RESERVES

Fair

value

reserve

£

At 1 April 2022

230,627

Surplus on revaluation

(9,742

)

At 31 March 2023

220,885