Company Registration No. 05474684 (England and Wales)
Jassar Developments Limited
Unaudited accounts
for the year ended 31 May 2023
Jassar Developments Limited
Unaudited accounts
Contents
Jassar Developments Limited
Company Information
for the year ended 31 May 2023
Company Number
05474684 (England and Wales)
Registered Office
Endeavour House
Saville Road
Peterborough
Cambridgeshire
PE3 7PS
United Kingdom
Accountants
Griffin and Sage Limited
172 Park Road
Peterborough
PE1 2UF
Jassar Developments Limited
Statement of financial position
as at 31 May 2023
Investment property
2,259,331
2,259,331
Cash at bank and in hand
244,960
111,250
Creditors: amounts falling due within one year
(1,156,155)
(1,181,866)
Net current liabilities
(635,550)
(771,635)
Total assets less current liabilities
1,623,781
1,487,696
Creditors: amounts falling due after more than one year
(300,000)
(300,000)
Net assets
1,323,781
1,187,696
Called up share capital
100
100
Capital redemption reserve
125,000
125,000
Profit and loss account
1,198,681
1,062,596
Shareholders' funds
1,323,781
1,187,696
For the year ending 31 May 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 21 February 2024 and were signed on its behalf by
Balbinder Singh
Director
Company Registration No. 05474684
Jassar Developments Limited
Notes to the Accounts
for the year ended 31 May 2023
Jassar Developments Limited is a private company, limited by shares, registered in England and Wales, registration number 05474684. The registered office is Endeavour House, Saville Road, Peterborough, Cambridgeshire, PE3 7PS, United Kingdom.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% reducing balance
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Jassar Developments Limited
Notes to the Accounts
for the year ended 31 May 2023
4
Tangible fixed assets
Fixtures & fittings
Fair value at 1 June 2022
2,259,331
Amounts falling due within one year
Trade debtors
4,667
20,373
Accrued income and prepayments
260,978
18,608
Amounts falling due after more than one year
Other debtors
10,000
260,000
7
Creditors: amounts falling due within one year
2023
2022
Trade creditors
18,882
195,257
Taxes and social security
58,355
58,531
Other creditors
30,000
36,750
Loans from directors
800,000
847,918
Deferred income
41,298
36,726
8
Creditors: amounts falling due after more than one year
2023
2022
Other creditors
300,000
300,000
9
Average number of employees
During the year the average number of employees was 0 (2022: 0).
