Registered Charity number: 1197833
Neve Jewels Foundations UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31/12/2022
Prepared By: Ace Accountancy Ltd 144 Station Road Harrow Middlesex HA1 2RH
NEVE JEWELS LTD
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31/12/2022
TRUSTEES
Priyal Jain Graham Broomfield Jigar Surendra Mehta Abhishek Jain Anuj Madhani
REGISTERED OFFICE
7 Hatton Garden London EC1N 8AD
CHARITY NUMBER
1197833
ACCOUNTANTS
Ace Accountancy Ltd 144 Station Road Harrow Middlesex England HA1 2RH
page 1
NEVE JEWELS LTD
ACCOUNTS FOR THE YEAR ENDED 31/12/2022
CONTENTS Page Report of the Trustees 3 Independent Examiner's Statement 4 Accountant's Report 6 Statement of Financial Activities 7 Balance Sheet 8
page 2
NEVE JEWELS LTD
TRUSTEES' REPORT FOR THE YEAR ENDED 31/12/2022
The trustees present their report and accounts for the year ended 31/12/2022
PRINCIPAL ACTIVITIES
The principal activity of the charity in the year under review was Dormant.
Governing document
Neve Jewels Ltd (Charity No.1197833) is a Charitable Incorporated Organisation (CIO) and was established on
the 08th Feb 2022 with the Charity Commission for England and Wales.
REFERENCE AND ADMINISTRATIVE DETAILS
Priyal Jain (Chair)
Graham Broomfield (Trustee) Jigar Surendra Mehta (Trustee) Abhishek Jain (Trustee) Anuj Madhani (Trustee)
The report was prepared in accordance with the special provisions within Part 15 of the Companies Act 2006. This report was approved by the Board of Trustees on ………………..
G Brromfield
Trustee
page 3
NEVE JEWELS LTD
INDEPENDENT EXAMINER'S STATEMENT
FOR THE YEAR ENDED 31/12/2022
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF NEVE JEWELS LTD
I report on the accounts of the company for the year ended 31/12/2022 .
RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER
The trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
Having satisfied myself that the charity is not subject to an audit under company law and is eligible for independent examination, it is my responsibility to:
-
examine the accounts under section 145 of the 2011 Act;
-
follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
-
state whether particular matters have come to my attention.
BASIS OF INDEPENDENT EXAMINERS STATEMENT
My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a "true and fair view" and the report is limited to those matters set out in the statement below.
page 4
NEVE JEWELS LTD
INDEPENDENT EXAMINER'S STATEMENT
FOR THE YEAR ENDED 31/12/2022
INDEPENDENT EXAMINERS STATEMENT
In connection with my examination, no matter has come to my attention:
(1) which gives me reasonable cause to believe that in any material respect the requirements:
-
to keep accounting records in accordance with section 386 of the Companies Act 2006; and
-
to prepare accounts which accord with the accounting records, comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities
have not been met; or
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached
...................................................
Date:
page 5
NEVE JEWELS LTD
ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE UNAUDITED ACCOUNTS
OF NEVE JEWELS LTD, FOR THE YEAR ENDED 31/12/2022
In order to assist you to fulfill your duties under the Companies Act 2006, we have prepared for your approval the accounts of Neve Jewels Ltd for the year ended 31/12/2022 as set out on pages - to (1) from the company's accounting records and from information and explanations you have given us.
As a practising member of the , we are subject to its ethical and other professional requirements which are detailed on their website.
This report is made solely to the Board of Directors of Neve Jewels Ltd, as a body, in accordance with the terms of our engagement letter dated . Our work has been undertaken solely to prepare for your approval the accounts of Neve Jewels Ltd and state those matters that we have agreed to state to the Board of Directors of Neve Jewels Ltd, as a body, in this report, in accordance with the requirements of the as detailed on their website. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Neve Jewels Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Neve Jewels Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profitability of Neve Jewels Ltd. You consider that Neve Jewels Ltd 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 accounts of Neve Jewels Ltd. 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 accounts.
page 6
NEVE JEWELS LTD
Statement of Financial Activities for the year ended 31/12/2022
| Statement of FinancialActivitiesfor the year ended31/12/2022 |
||
|---|---|---|
| Income Total Income andendowments Expenses TotalExpenses Net gains oninvestments NetIncome Transfers betweenfunds Gains/(losses) on revaluation of fixedassets Net movement infunds: Net income for theyear Total funds broughtforward Net funds carriedforward |
Unrestricted funds £ |
2022 Total £ |
| 0 | 0 | |
| 0 | 0 | |
| 0 - |
0 - |
|
| 0 - 0 |
0 - 0 |
This statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities
page 7
NEVE JEWELS LTD
BALANCE SHEET AT 31/12/2022
Unrestricted Funds
| Unrestricted Funds |
|
|---|---|
| CURRENT ASSETS CREDITORS: Amounts falling due within one year NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES Unrestricted funds General fund |
£ 0 |
| 0 0 |
|
| 0 | |
| 0 |
For the year ending 31/12/2022 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
Approved by the board of trustees on xxxx and signed on their behalf by
.............................
G Broomfield
Trustee
page 8
NEVE JEWELS LTD
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/12/2022
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention. The accounts have been prepared in accordance with FRS102 -1A. The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities.
1b. Incoming Resources
All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
1c. Resources Expended
Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
1d. Allocation And Apportionment Of Costs
All costs relate to the single activity of the charitable company and are recognised accordingly.
1e. Fund Accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Designated funds are funds set aside by the trustees out of unrestricted general funds for the specific future purposes or projects.
1f. Turnover
Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.
page 9