Name: Julia  Andevei

Name: JASSIN LIMITED

Date of Birth: 8 / 8 / 1979

Date Order Starts: 2 / 6 / 2025

Disqualification Length: 11 Years 0 Month(s)

CRO Number: 08637854

Last Known Address: 408a Garratt Lane,, , , , LONDON,, SW18 4HP

Conduct: • On 06 March 2021 Ms Julia Andevei (“Ms Andevei”) caused Jassin Limited (“Jassin”) to breach the terms and conditions of the government-backed Bounce Back Loan (“BBL”) scheme by overstating its turnover on the BBL application, resulting in Jassin obtaining more BBL funds than it was entitled to. Furthermore, BBL funds received totalling at least £35,306 were not used for the economic benefit of Jassin. In that: • Under the BBL scheme businesses could apply for a loan of between £2,000 and £50,000 subject to a maximum of 25% of turnover. The turnover figure was self-certified by the applicant. Where a business was established after 01 January 2019 it had to provide its estimated annual turnover from the date the business started. • Jassin was incorporated on 05 August 2013. • On 06 March 2021, Ms Andevei applied for a BBL on behalf of Jassin for the maximum amount allowable of £50,000. On the BBL application Ms Andevei declared that Jassin’s turnover or estimated turnover was £250,000. • Accounts filed at Companies House relating to Jassin for the years ended 31 August 2019 and 31 August 2020 indicate no trading activity. The 2019 accounts were approved by Ms Andevei on 10 March 2020 and the 2020 accounts were approved by Ms Andevei on 01 March 2021, prior to the BBL application being made. • Although Jassin’s accounts indicate no trading activity, Jassin’s bank statements show income into the account totalling £10,922 for the 2019 calendar year. • Based on the income into Jassin’s bank account it would have been entitled to a maximum BBL of £2,730, and Jassin therefore received BBL funds totalling £47,270 to which it was not entitled. • The BBL funds of £50,000 were paid into Jassin’s bank account on 08 March 2021. • The BBL scheme provided that the BBL could only be used for the economic benefit of the business, and not for personal purposes. • Between 23 April 2021 and 18 October 2021 following receipt of the BBL funds, payments from a used car dealership were credited to Jassin in the total amount £2,550 and debited from Jassin in the total amount of £14,900. No explanation has been provided why the net payments from Jassin in the period totalling £12,350 were for the economic benefit of Jassin. • On 10 August 2021 payments were made from Jassin’s bank account to an optician in the total amount of £20,000. Between 21 March 2022 and 04 May 2022 (when Ms Andevei had resigned as a director of Jassin) payments totalling £13,300 were made to Jassin from the optician with the description “car loan payback”. No explanation has been provided why the net payments from Jassin in the period of £6,700 were for the economic benefit of Jassin. • Between 17 March 2022 and 21 March 2022 four payments totalling £20,000 were made from Jassin’s bank account to two waste management companies. No explanation has been provided why these payments were for the economic benefit of Jassin. • During the period that the above net transactions totalling £39,050 took place (08 April 2021 to 04 May 2022) income credits of £3,744 were made to Jassin’s bank account. Therefore no explanation has been provided why BBL funds used totalling at least £35,306 were for the economic benefit of Jassin. • Repayments in relation to the BBL totalling £5,489.42 have been made by Jassin. • Jassin entered into Creditors Voluntary Liquidation on 30 March 2023 with liabilities totalling £45,355.30, of which £45,155.30 relates to the BBL. 

This information is correct as at 12 / 5 / 2025

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