Jasmine and Luke Limited - Accounts to registrar (filleted) - small 18.1

Jasmine and Luke Limited - Accounts to registrar (filleted) - small 18.1

JASMINE AND LUKE LIMITED - Company Information

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REGISTERED NUMBER: 09940498 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2018

for

Jasmine and Luke Limited
Jasmine and Luke Limited (Registered number: 09940498)






Contents of the Financial Statements
for the Year Ended 31 January 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

Jasmine and Luke Limited

Company Information
for the Year Ended 31 January 2018







DIRECTOR: J P Rothnie





REGISTERED OFFICE: 4 Claridge Court
Lower Kings Road
Berkhamsted
Hertfordshire
HP4 2AF





REGISTERED NUMBER: 09940498 (England and Wales)





ACCOUNTANTS: Haines Watts
Chartered Accountants
4 Claridge Court
Lower Kings Road
Berkhamsted
Hertfordshire
HP4 2AF
Page 1
Jasmine and Luke Limited (Registered number: 09940498)

Balance Sheet
31 January 2018

31.1.18 31.1.17
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 631,811 318,753

CURRENT ASSETS
Debtors 5 200 -
Cash at bank 10,670 1,890
10,870 1,890
CREDITORS
Amounts falling due within one year 6 192,741 106,568
NET CURRENT LIABILITIES (181,871 ) (104,678 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
449,940
214,075

CREDITORS
Amounts falling due after more than one
year
7
(414,932
)
(206,045
)

PROVISIONS FOR LIABILITIES (5,700 ) (1,900 )
NET ASSETS 29,308 6,130

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 8 30,000 -
Retained earnings (792 ) 6,030
29,308 6,130

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 notes form part of these financial statements

Page 2 continued...
Jasmine and Luke Limited (Registered number: 09940498)

Balance Sheet - continued
31 January 2018


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 10 May 2018 and were signed by:





J P Rothnie - Director


The notes form part of these financial statements

Page 3
Jasmine and Luke Limited (Registered number: 09940498)

Notes to the Financial Statements
for the Year Ended 31 January 2018

1. STATUTORY INFORMATION

Jasmine and Luke 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

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 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.

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates
and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet
date and the amounts reported for income and expense during the year. However, the nature of
estimations means that actual outcome could differ from those estimates.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2017 - 1 ).

Page 4 continued...
Jasmine and Luke Limited (Registered number: 09940498)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2018

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2017 318,753
Additions 293,058
Revaluations 20,000
At 31 January 2018 631,811
NET BOOK VALUE
At 31 January 2018 631,811
At 31 January 2017 318,753

The investment properties were valued on an open market basis on 31 December 2017 by the
directors.

The investment properties are subject to a charges from Axis Bank Uk Limited under charge codes;
0994 0498 0001
0994 0498 0002

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.18 31.1.17
£    £   
Other debtors 200 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.18 31.1.17
£    £   
Taxation and social security 1,164 -
Other creditors 191,577 106,568
192,741 106,568

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.18 31.1.17
£    £   
Bank loans 414,932 206,045

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Mortgage - 31a Farley Hill 206,045 206,045
Mortgage - 77 Ashburnham Road 208,887 -
414,932 206,045

Page 5 continued...
Jasmine and Luke Limited (Registered number: 09940498)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2018

8. RESERVES

This includes all current period retained profits and losses.

Fair value: where financial instruments and investment properties are measured at fair value a
transfer is made to the fair value reserve, instead of a transfer to retained earnings, to assist with the
identification of profits available for distribution.

9. RELATED PARTY DISCLOSURES

At the balance sheet date the Company owed the Director £189,326 (2017:£103,525)

Page 6
Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Jasmine and Luke Limited

The following reproduces the text of the report prepared for the director in respect of the company's
annual unaudited financial statements. In accordance with the Companies Act 2006, the company is
only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain
other primary statements and the Report of the Director are not required to be filed with the
Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your
approval the financial statements of Jasmine and Luke Limited for the year ended 31 January 2018 which
comprise the Income Statement, Balance Sheet and the related notes from the company's accounting
records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Jasmine and Luke Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Jasmine and Luke Limited and state those matters that we have agreed to state to the director of Jasmine and Luke Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Jasmine and Luke Limited and its director for our work or for this report.

It is your duty to ensure that Jasmine and Luke Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Jasmine and Luke Limited. You consider that Jasmine and Luke Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Jasmine and Luke Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Haines Watts
Chartered Accountants
4 Claridge Court
Lower Kings Road
Berkhamsted
Hertfordshire
HP4 2AF


14 May 2018

This page does not form part of the statutory financial statements

Page 7