Jassar Investments Ltd

Jassar Investments Ltd

JASSAR INVESTMENTS LTD - Company Information

Print Friendly Version

1 April 2022 false No description of principal activity Taxfiler 2023.11 11285222business:PrivateLimitedCompanyLtd2022-04-012023-03-31 112852222022-03-31 112852222022-04-012023-03-31 11285222business:AuditExemptWithAccountantsReport2022-04-012023-03-31 11285222business:FilletedAccounts2022-04-012023-03-31 112852222023-03-31 11285222business:Director12022-04-012023-03-31 11285222business:RegisteredOffice2022-04-012023-03-31 112852222022-03-31 11285222core:WithinOneYear2023-03-31 11285222core:WithinOneYear2022-03-31 11285222core:AfterOneYear2023-03-31 11285222core:AfterOneYear2022-03-31 11285222core:ShareCapitalcore:PreviouslyStatedAmount2023-03-31 11285222core:ShareCapitalcore:PreviouslyStatedAmount2022-03-31 11285222core:SharePremiumcore:PreviouslyStatedAmount2023-03-31 11285222core:SharePremiumcore:PreviouslyStatedAmount2022-03-31 11285222core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-03-31 11285222core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-03-31 11285222core:PreviouslyStatedAmount2023-03-31 11285222core:PreviouslyStatedAmount2022-03-31 11285222business:SmallEntities2022-04-012023-03-31 11285222countries:EnglandWales2022-04-012023-03-31 11285222business:OrdinaryShareClass12022-04-012023-03-31 11285222business:OrdinaryShareClass12021-04-012022-03-31 112852222021-04-012022-03-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 11285222 (England and Wales)
Jassar Investments Ltd Unaudited accounts for the year ended 31 March 2023
Jassar Investments Ltd Unaudited accounts Contents
Page
- 2 -
Jassar Investments Ltd Company Information for the year ended 31 March 2023
Director
Balbinder Singh
Company Number
11285222 (England and Wales)
Registered Office
Signature House 65 Broadway Peterborough Cambridgeshire PE1 1SY England
Accountants
Griffin and Sage Limited 172 Park Road Peterborough PE1 2UF
- 3 -
Jassar Investments Ltd Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Investment property
4
11,484,176 
11,484,176 
Current assets
Debtors
5
1,151,108 
604,534 
Cash at bank and in hand
100 
107,094 
1,151,208 
711,628 
Creditors: amounts falling due within one year
6
(147,347)
(179,655)
Net current assets
1,003,861 
531,973 
Total assets less current liabilities
12,488,037 
12,016,149 
Creditors: amounts falling due after more than one year
7
(6,284,153)
(5,902,570)
Net assets
6,203,884 
6,113,579 
Capital and reserves
Called up share capital
8
5,285,408 
5,285,408 
Share premium
620,837 
620,837 
Profit and loss account
297,639 
207,334 
Shareholders' funds
6,203,884 
6,113,579 
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 28 December 2023 and were signed on its behalf by
Balbinder Singh Director Company Registration No. 11285222
- 4 -
Jassar Investments Ltd Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
Jassar Investments Ltd is a private company, limited by shares, registered in England and Wales, registration number 11285222. The registered office is Signature House, 65 Broadway, Peterborough, Cambridgeshire, PE1 1SY, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
4
Investment property
2023 
£ 
Fair value at 1 April 2022
11,484,176 
At 31 March 2023
11,484,176 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
19,201 
22,194 
Accrued income and prepayments
20,952 
12,340 
Other debtors
1,110,955 
570,000 
1,151,108 
604,534 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
2,538 
7,340 
Taxes and social security
33,038 
32,475 
Other creditors
100 
100 
Accruals
84,239 
111,627 
Deferred income
27,432 
28,113 
147,347 
179,655 
- 5 -
Jassar Investments Ltd Notes to the Accounts for the year ended 31 March 2023
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
6,277,619 
5,519,871 
Loans from directors
6,534 
382,699 
6,284,153 
5,902,570 
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
5,285,408 Ordinary shares of £1 each
5,285,408 
5,285,408 
9
Transactions with related parties
The company rented office space from Real Property Assets Ltd for £12,500 (2022 - £15,000), a company which is also owned and managed by the director.
10
Average number of employees
During the year the average number of employees was 5 (2022: 4).
- 6 -