ACCOUNTS - Final Accounts preparation

JAMM LIVING LIMITED - Company Information

Caseware UK (AP4) 2016.0.181 2016.0.181 false2017-04-01The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.truetrueNo description of principal activity 09586687 2017-04-01 2018-03-31 09586687 2018-03-31 09586687 2017-03-31 09586687 c:Director2 2017-04-01 2018-03-31 09586687 d:CurrentFinancialInstruments 2018-03-31 09586687 d:CurrentFinancialInstruments 2017-03-31 09586687 d:CurrentFinancialInstruments d:WithinOneYear 2018-03-31 09586687 d:ShareCapital 2018-03-31 09586687 d:ShareCapital 2017-03-31 09586687 d:RetainedEarningsAccumulatedLosses 2018-03-31 09586687 c:OrdinaryShareClass1 2017-04-01 2018-03-31 09586687 c:OrdinaryShareClass1 2018-03-31 09586687 c:FRS102 2017-04-01 2018-03-31 09586687 c:AuditExempt-NoAccountantsReport 2017-04-01 2018-03-31 09586687 c:FullAccounts 2017-04-01 2018-03-31 09586687 c:PrivateLimitedCompanyLtd 2017-04-01 2018-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 09586687

Jamm Living Limited

Unaudited

Financial statements

Information for filing with the registrar

For the Year Ended 31 March 2018

Jamm Living Limited

Registered number: 09586687

Balance Sheet

As at 31 March 2018

		2018		2017
Note		£		£


Current assets
Debtors: amounts falling due within one year	4	1,667		300
Cash at bank and in hand	5	3,509		-
		5,176		300
Creditors: amounts falling due within one year	6	(7,629)		-
Net current (liabilities)/assets			(2,453)		300
Total assets less current liabilities			(2,453)		300

Net (liabilities)/assets			(2,453)		300

Capital and reserves
Called up share capital	300	300
Profit and loss account	(2,753)	-
	(2,453)	300

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Jamm Living Limited

Registered number: 09586687

Balance Sheet (continued)

As at 31 March 2018

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 5 September 2018.

R Kleinman

Director

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Jamm Living Limited

Notes to the Financial Statements

For the Year Ended 31 March 2018

1.	General information

Jamm Living Limited is a Private Company Limited by shares incorporated in England & Wales (registered number 9586687. The registered office is 64 New Cavendish Street, London, W1G 8B. The principal place of business is 6 Broadbent Cl, Highgate, London, N6 5JW.
The financial statements are presented in Sterling, which is the functional currency of the company.
The principal activity of the company is that of real estate activities.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Going concern

The financial statements have been prepared on the going concern basis. The company is dependent on the directors and shareholders for financial support, which the directors are confident will continue for a period of at least another 12 months following the approval of these financial statements.
As at 31 March 2018, the company had net liabilities of £2,453. The directors and shareholders have indicated their present intention to provide adequate finance to enable the company to continue in operational existence, and on this basis the director considers it appropriate to prepare the financial statements on the going concern basis.
The financial statements do not reflect any adjustments that would result from a withdrawal of financial support by the directors and shareholders.

2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

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Jamm Living Limited

Notes to the Financial Statements

For the Year Ended 31 March 2018

2.Accounting policies (continued)

2.4

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

2.5

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.7

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Employees

The average monthly number of employees, including directors, during the year was 3 (2017 - 0).

Debtors

					2018	2017
					£	£


Other debtors	1,667	300
	1,667	300

5.	Cash and cash equivalents
		2018	2017
		£	£

Cash at bank and in hand	3,509	-
	3,509	-

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Jamm Living Limited

Notes to the Financial Statements

For the Year Ended 31 March 2018

6.	Creditors: Amounts falling due within one year
		2018	2017
		£	£

Amounts owed to other participating interests	1,429	-
Other creditors	4,700	-
Accruals and deferred income	1,500	-
	7,629	-

7.	Share capital
		2018	2017
		£	£

Allotted, called up and fully paid

300 Ordinary shares of £1 each	300	300

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