JJRR Investments Ltd Filleted accounts for Companies House (small and micro)

JJRR INVESTMENTS LIMITED - Company Information

0 false false false false false false false false false false true false false false false false false No description of principal activity 2022-07-01 Sage Accounts Production Advanced 2023 - FRS102_2023 2,882,850 1,098,773 1,112,711 83,348 2,952,260 2,952,260 2,882,850 xbrli:pure xbrli:shares iso4217:GBP 12046635 2022-07-01 2023-06-30 12046635 2023-06-30 12046635 2022-06-30 12046635 2021-07-01 2022-06-30 12046635 2022-06-30 12046635 2021-06-30 12046635 bus:Director1 2022-07-01 2023-06-30 12046635 core:WithinOneYear 2023-06-30 12046635 core:WithinOneYear 2022-06-30 12046635 core:ShareCapital 2023-06-30 12046635 core:ShareCapital 2022-06-30 12046635 core:RetainedEarningsAccumulatedLosses 2023-06-30 12046635 core:RetainedEarningsAccumulatedLosses 2022-06-30 12046635 core:CostValuation core:Non-currentFinancialInstruments 2022-06-30 12046635 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2023-06-30 12046635 core:DisposalsRepaymentsInvestments core:Non-currentFinancialInstruments 2023-06-30 12046635 core:Non-currentFinancialInstruments core:RevaluationsIncreaseDecreaseInInvestments 2023-06-30 12046635 core:CostValuation core:Non-currentFinancialInstruments 2023-06-30 12046635 core:Non-currentFinancialInstruments 2023-06-30 12046635 core:Non-currentFinancialInstruments 2022-06-30 12046635 bus:SmallEntities 2022-07-01 2023-06-30 12046635 bus:AuditExempt-NoAccountantsReport 2022-07-01 2023-06-30 12046635 bus:SmallCompaniesRegimeForAccounts 2022-07-01 2023-06-30 12046635 bus:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 12046635 bus:FullAccounts 2022-07-01 2023-06-30

COMPANY REGISTRATION NUMBER: 12046635

JJRR Investments Ltd

Filleted Unaudited Financial Statements

30 June 2023

JJRR Investments Ltd

Statement of Financial Position

30 June 2023

	2023	2022
Note	£	£

Fixed assets

Investments	4	2,952,260	2,882,850

Current assets

Cash at bank and in hand	25,571	22,031

Creditors: amounts falling due within one year	5	2,870,408	2,864,533
		------------	------------
Net current liabilities		2,844,837	2,842,502
		------------	------------
Total assets less current liabilities		107,423	40,348
		---------	--------
Net assets		107,423	40,348
		---------	--------

Capital and reserves

Called up share capital	1	1
Profit and loss account	107,422	40,347
	---------	--------
Shareholder funds	107,423	40,348
	---------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 15 November 2023 , and are signed on behalf of the board by:

D A Wyles
Director

Company registration number: 12046635

JJRR Investments Ltd

Notes to the Financial Statements

Year ended 30 June 2023

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Suite 1, First floor, 1 Duchess Street, London, W1W 6AN.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover represents income earned on investments held. Dividends are recognised in the period in which they are received. Interest is recognised on an accruals basis.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Investments

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship (see hedge accounting policy). Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

4. Investments

	Other investments other than loans
	£
Cost
At 1 July 2022	2,882,850
Additions	1,098,773
Disposals	( 1,112,711)
Revaluations	83,348
	------------
At 30 June 2023	2,952,260
	------------
Impairment
At 1 July 2022 and 30 June 2023	–
	------------

Carrying amount
At 30 June 2023	2,952,260
	------------
At 30 June 2022	2,882,850
	------------

5. Creditors: amounts falling due within one year

	2023	2022
	£	£
Bank loans and overdrafts	1,388,556	1,392,432
Other creditors	1,481,852	1,472,101
	------------	------------
	2,870,408	2,864,533
	------------	------------

6. Financial instruments

The carrying amount for each category of financial instrument is as follows:

	2023	2022
	£	£

Financial assets measured at fair value through profit or loss

Financial assets measured at fair value through profit or loss	2,952,260	2,882,850
	------------	------------

7. Director's advances, credits and guarantees

At the year end, the company owed the director £1,475,918 (2022: £1,466,701). The loan was on interest free terms and repayable on demand.