Silverfin false 31/03/2023 01/04/2022 31/03/2023 Ms J Jolliffe 13/11/2019 Mr B McCausland 13/11/2019 Mr J D Ramsay 13/11/2019 07 November 2023 no description of principal activity 12313546 2023-03-31 12313546 bus:Director1 2023-03-31 12313546 bus:Director2 2023-03-31 12313546 bus:Director3 2023-03-31 12313546 2022-03-31 12313546 core:CurrentFinancialInstruments 2023-03-31 12313546 core:CurrentFinancialInstruments 2022-03-31 12313546 core:Non-currentFinancialInstruments 2023-03-31 12313546 core:Non-currentFinancialInstruments 2022-03-31 12313546 core:RetainedEarningsAccumulatedLosses 2023-03-31 12313546 core:RetainedEarningsAccumulatedLosses 2022-03-31 12313546 core:OtherResidualIntangibleAssets 2022-03-31 12313546 core:OtherResidualIntangibleAssets 2023-03-31 12313546 2022-04-01 2023-03-31 12313546 bus:FullAccounts 2022-04-01 2023-03-31 12313546 bus:SmallEntities 2022-04-01 2023-03-31 12313546 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 12313546 bus:CompanyLimitedByGuarantee 2022-04-01 2023-03-31 12313546 bus:Director1 2022-04-01 2023-03-31 12313546 bus:Director2 2022-04-01 2023-03-31 12313546 bus:Director3 2022-04-01 2023-03-31 12313546 core:OtherResidualIntangibleAssets core:TopRangeValue 2022-04-01 2023-03-31 12313546 2021-04-01 2022-03-31 12313546 core:OtherResidualIntangibleAssets 2022-04-01 2023-03-31 12313546 core:CurrentFinancialInstruments 2022-04-01 2023-03-31 12313546 core:Non-currentFinancialInstruments 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure

Company No: 12313546 (England and Wales)

JOJASEAN LIMITED

(A company limited by guarantee)

Unaudited Financial Statements
For the financial year ended 31 March 2023
Pages for filing with the registrar

JOJASEAN LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2023

Contents

JOJASEAN LIMITED

COMPANY INFORMATION

For the financial year ended 31 March 2023
JOJASEAN LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 March 2023
DIRECTORS Ms J Jolliffe
Mr B McCausland
Mr J D Ramsay
SECRETARY Ms J Jolliffe
REGISTERED OFFICE 66 Prescot Street
Kingsfield House
3rd Floor
London
E1 8NN
United Kingdom
COMPANY NUMBER 12313546 (England and Wales)
CHARTERED ACCOUNTANTS GRAVITA III LLP
66 Prescot Street
London
E1 8NN
JOJASEAN LIMITED

BALANCE SHEET

As at 31 March 2023
JOJASEAN LIMITED

BALANCE SHEET (continued)

As at 31 March 2023
Note 2023 2022
£ £
Fixed assets
Intangible assets 3 3,092 4,122
3,092 4,122
Current assets
Debtors 4 3,616 3,509
Cash at bank and in hand 5,357 4,238
8,973 7,747
Creditors: amounts falling due within one year 5 ( 8,400) ( 6,466)
Net current assets 573 1,281
Total assets less current liabilities 3,665 5,403
Creditors: amounts falling due after more than one year 6 ( 2,560) ( 3,840)
Net assets 1,105 1,563
Reserves
Profit and loss account 1,105 1,563
Total reserves 1,105 1,563

For the financial year ending 31 March 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Jojasean Limited (registered number: 12313546) were approved and authorised for issue by the Board of Directors on 07 November 2023. They were signed on its behalf by:

Mr B McCausland
Director
JOJASEAN LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2023
JOJASEAN LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Jojasean Limited (the Company) is a private company, limited by guarantee, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 66 Prescot Street, Kingsfield House, 3rd Floor, London, E1 8NN, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
The company is exempt from corporation tax, it being a company not carrying on a business for the purposes of making a profit.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Other intangible assets 5 years straight line
Leases

The Company as lessee
Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight-line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method. Financial assets classified as receivable within one year are not amortised.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans are initially recognised at transaction price. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 0 0

3. Intangible assets

Other intangible assets Total
£ £
Cost
At 01 April 2022 5,152 5,152
At 31 March 2023 5,152 5,152
Accumulated amortisation
At 01 April 2022 1,030 1,030
Charge for the financial year 1,030 1,030
At 31 March 2023 2,060 2,060
Net book value
At 31 March 2023 3,092 3,092
At 31 March 2022 4,122 4,122

4. Debtors

2023 2022
£ £
Other debtors 3,616 3,509

5. Creditors: amounts falling due within one year

2023 2022
£ £
Other creditors 8,400 6,466

Current portion of Long term loan £1,280
Accrued Expense £1,670
Sinking Fund Contribution £1,090
Deferred Income service charges and ground rent £3,080
Deferred Income Loan repayment contribution £1,280

6. Creditors: amounts falling due after more than one year

2023 2022
£ £
Other loans 2,560 3,840

There are no amounts included above in respect of which any security has been given by the small entity.

Non current portion of Loan repayable April 2024 £1,280
Non current portion of Loan repayable April 2025 £1,280

7. Liability of members

The company is limited by guarantee, not having a share capital and consequently the liability of members is limited, subject to an undertaking by each member to contribute to the net assets or liabilities of the company on winding up such amounts as may be required not exceeding £1.