13107874 2023-01-01 2023-12-31 13107874 uk-bus:Director1 2023-01-01 2023-12-31 13107874 uk-bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 13107874 uk-bus:SmallEntities 2023-01-01 2023-12-31 13107874 uk-bus:FullAccounts 2023-01-01 2023-12-31 13107874 uk-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 13107874 2023-01-01 13107874 2023-12-31 13107874 2022-01-01 2022-12-31 13107874 2022-12-31 xbrli:pure iso4217:GBP 13107874 2022-01-01 2022-12-31
Company Registration Number : 13107874 (England and Wales)
13107874
This company is a private limited company
This company sells stuff to other companies
The company was trading for the entire period
Full Accounts
2023-12-31
false
JOSHUA MATHEW PROPERTIES LTD
The accounts were prepared in accordance with FRS102A
The accounts have been audited
2023-01-01
JOSHUA MATHEW PROPERTIES LTD
Unaudited financial statements and annual report
For the year ended 31 December 2023
JOSHUA MATHEW PROPERTIES LTD
Contents
For the year ended 31 December 2023

CONTENTS PAGE
Company Information 3
Directors' Report 4
Directors' Responsibilities Statement 5
Accountant's Report 5
Income Statement 6
Statement of Financial Position 7
Notes to the Financial Statements 8 - 10
Detailed Income Statement 11


JOSHUA MATHEW PROPERTIES LTD
Company Information
For the year ended 31 December 2023

Company registration number 13107874 (England and Wales)
Directors Olufemi Akintunde OLONISAKIN
Opeolu Olukemi OLONISAKIN
Registered office address 8 Sheridan Close
Romford
RM3 7EX
Accountant Macturner Accounting Ltd
Petronne House
31 Church Street
RM10 9UR












Accountant

Macturner Accounting Ltd

Petronne House
31 Church Street
RM10 9UR
JOSHUA MATHEW PROPERTIES LTD
Directors' Report
For the year ended 31 December 2023

The directors present their report and the Unaudited Financial Statements for the year ended 31 December 2023.
Principal activity
The principal activity of the company continued to be that of .
Directors of the company
The following directors held office during the whole of the period:
Olufemi Akintunde OLONISAKIN
Opeolu Olukemi OLONISAKIN
Statement of directors' responsibilities
The directors are responsible for preparing the financial statements in accordance with applicable law and regulations. Company law requires the directors to prepare such financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), FRS 102 1A Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to; select suitable accounting policies and then apply them consistently; make judgements and accounting estimates that are reasonable and prudent; and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Small company provisions
This report has been prepared in accordance with the special provisions for small companies within Part 15 of the Companies Act 2006.
Approved by the Board of directors and signed on its behalf by:
Olufemi Akintunde OLONISAKIN (Director)
Date: 07 March 2024
This report was approved by the board on 2024-03-07 Date: 07 March 2024
JOSHUA MATHEW PROPERTIES LTD
Accountant's report
For the year ended 31 December 2023

Accountant's Report to the board of directors on the preparation of the unaudited statutory accounts of JOSHUA MATHEW PROPERTIES LTD for the year ended 31 December 2023.
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of JOSHUA MATHEW PROPERTIES LTD for the year ended 31 December 2023.

We have prepared these financial statements based on the accounting records, information and explanations provided by you. We do not express any opinion on these financial statements.

You have determined that the company is exempt from the statutory requirement for an audit for this accounting year. Therefore, the financial statements are unaudited.

The financial statements are provided exclusively to the directors for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.
Macturner Accounting Ltd

Petronne House
31 Church Street

RM10 9UR
2022-02-23 Date: 23 February 2022
5
JOSHUA MATHEW PROPERTIES LTD
Income Statement
For the year ended 31 December 2023

2023 2022
Notes £ £
Turnover 5 27,120 17,400
Cost of sales (10,623) (2,344)
Gross profit 16,497 15,056
Administrative expenses (471) (1,806)
Operating profit 16,025 13,250
Interest receivable and similar income 16 41
Interest payable and similar charges 7 (14,440) (6,149)
Profit on ordinary activities before taxation 1,602 7,142
Tax 8 (304) (913)
Profit for the year 1,298 6,230
/* == Copy of Frs105 Profit Loss for XML COntent ============================================================ */
Profit and loss account
2023 2022
£ £
JOSHUA MATHEW PROPERTIES LTD
Statement of Financial Position
For the year ended 31 December 2023

2023 2022
Notes £ £
Fixed assets
Property, plant and equipment 9 738 738
Investment Property 10 532,968 532,968
533,707 533,707
Current assets
Cash and cash equivalents 11 2,812 6,813
2,812 6,813
Current liabilities
Creditors: Amounts falling due within one year 12 (18,567) (19,256)
Corporation tax payable (303) (913)
(18,871) (20,169)
Net current (liabilities)/assets (16,058) (13,356)
Total assets less current liabilities 517,648 520,351
Non-current liabilities
Creditors: Amounts falling due after more than one year 13 (362,721) (362,721)
Net assets/(liabilities) 154,927 157,630
Capital and reserves
Called up share capital 14 153,000 153,000
Retained earnings 1,927 4,630
Shareholders' funds 154,927 157,630
For the year ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
The directors have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibility for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the special provisions of the Companies Act 2006 applicable to companies subject to the small companies' regime and in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A.
  • For the year ended 31 December 2023 the company was entitled to exemption from audit 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 responsibility 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities.
Approved by the Board on 07 March 2024
.............................
Olufemi Akintunde OLONISAKIN (Director)
Company registration number: 13107874
/* == Copy of Frs105 Balance Sheet for XML COntent ============================================================ */
Balance sheet at 2023-12-31 31 December 2023
2023 2022
£ £
Fixed Assets 533,707 533,707
Current Assets 2,812 6,813
Creditors: amounts falling due within one year (18,871) (20,169)
Net current assets (liabilities) (16,058) (13,356)
Total assets less current liabilities 517,648 520,351
CREDITORS: Amounts falling due more than one year (362,721) (362,721)
Net Assets (liabilities) 154,927 157,630
Capital and Reserves 154,927 157,630
For the year ending 31/12/2023 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. For the year ending 31-12-2023 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 for the year in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These financial statements have been prepared in accordance with the small companies provisions and in accordance with FRS 105 The Financial Reporting Standard applicable to the Micro-entities Regime.
Approved by the board of directors on 07 March 2024 2022-02-23 and signed on behalf of the board,
.............................
Olufemi Akintunde OLONISAKIN
Director
Company registration number: 13107874
JOSHUA MATHEW PROPERTIES LTD
Notes to the Financial Statements
For the year ended 31 December 2023

(1) General Information
JOSHUA MATHEW PROPERTIES LTD is a private company limited by shares, domiciled and incorporated in England and Wales. Its registered office is Petronne House, 31 Church Street, Dagenham RM10 9UR.

(2) Statement of compliance
These individual financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A and Companies Act 2006, as applicable to companies subject to the small companies' regime.

(3) Significant Accounting Policies
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated. These individual financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A and Companies Act 2006, as applicable to companies subject to the small companies regime.
Basis of Preparation
The financial statements have been prepared on the historical cost basis and in accordance with the Companies Act 2006. The presentation and functional currency of the company is pounds sterling. The financial statements are presented in pound units (£) unless stated otherwise.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. The company recognises revenue when the amount of revenue can be measured reliably, when it is probable that future economic benefits will flow to the entity and when specific criteria have been met as described below.
Sale of goods
Sales of goods are recognised when the company has delivered the goods to the customer, no other significant obligation remains unfulfilled that may affect the customer's acceptance of the products and risks and rewards of ownership have transferred to them.
Interest income
Interest income is recognised using the effective interest method.
Borrowing costs
All borrowing related costs are included within the statement of income in the period in which they are incurred using the effective interest method.
Property, plant and equipment
Property, plant and equipment is stated at cost less accumulated depreciation and impairment losses. Part of an item of property, plant and equipment having different useful lives are accounted for as separate items.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives, using the straight-line method. The estimated useful lives, residual values and depreciation method are reviewed at the end of each reporting period, with the effect of any changes in estimate accounted for on a prospective basis.

Depreciation is provided to write off the cost less estimated residual value, of each asset over its expected useful life as follows:

Asset class and depreciation rate
Land and Buildings
Plant and Machinery
Short Leasehold Properties
Investment Properties
Long Leasehold Properties
Commercial Vehicles
Fixtures and Fittings
Equipment
Motor Cars
Taxation
Taxation expense represents the aggregate amount of current tax and deferred tax recognised in the reporting period.
Current Tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit before tax as reported in the income statement because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

(4) Critical accounting judgements and key sources of estimation uncertainty
No judgement
No significant judgements or estimates have been made in preparation of these financial statements.

(5) Turnover
The revenue from company's operations comprise:
2023 2022
£ £
Sales 27,120 17,400
27,120 17,400

(6) Employees
During the year, the average number of employees including director was 0 (2022 : 0).

(7) Interest payable and similar charges
2023 2022
£ £
Interest on bank loans and overdrafts 14,440 6,149
14,440 6,149

(8) Tax
Current tax
2023 2022
£ £
Corporation tax charge for current year 304 913
Total current tax 304 913

(9) Tangible fixed assets
Fixtures and Fittings
£
Cost
As at 01 January 2023738
As at 31 December 2023738
Depreciation
As at 31 December 2023-
Net book value
As at 31 December 2023738
As at 31 December 2022738

(10) Investment Property
Investment Properties
£
Cost
As at 01 January 2023532,968
As at 31 December 2023532,968
Depreciation
As at 31 December 2023-
Net book value
As at 31 December 2023532,968
As at 31 December 2022532,968

(11) Cash and cash equivalents
2023 2022
£ £
Bank balance 2,812 6,813
2,812 6,813

(12) Creditors: Amounts falling due within one year
2023 2022
£ £
Trade creditors - 300
Other creditors 18,567 18,956
18,567 19,256

(13) Creditors: Amounts falling due after more than one year
2023 2022
£ £
Bank loans and overdrafts 362,721 362,721
362,721 362,721

(14) Share capital and reserves
Alloted,called up and fully paid: 2023 2022
£ £
153,000 (2022 : 153,000) Ordinary Shares of £ 1 each153,000153,000
153,000 153,000
Ordinary shares hold equal voting rights.
Retained earnings 2023
£
At 1 January 2023 4,630
Profit of the year 1,298
Dividends paid (4,000)
At 31 December 2023 1,928
JOSHUA MATHEW PROPERTIES LTD
Detailed Income Statement
For the year ended 31 December 2023

This section does not form part of the statutory accounts.

2023 2022
£ £
Turnover 27,120 17,400
Less : Cost of sales
Subcontractor Costs 5,650 1,090
Cost of Sale 4,973 -
Other Direct Expenditure - 1,254
10,623 2,344
Gross Profit 16,497 15,056
Less : Administrative expenses
Cleaning - 130
Accountancy, Bookkeeping and Auditing Fees - 516
Legal and Professional Fees 48 680
Insurance 343 480
Bank Fees 80 -
471 1,806
Operating profit 16,025 13,250
Add : Interest receivable and similar income
Bank Interest 16 -
Other Interest - 41
16 41
Less : Interest payable and similar charges
Hire Purchase, Mortgage and Other Interest 14,440 6,149
14,440 6,149
Profit on ordinary activities before taxation 1,602 7,142
Less : Tax
Corporation Tax 304 913
304 913
Net profit for the year after taxation 1,298 6,230
Less : Distributions
Dividends 4,000 -
4,000 -
Net loss for the year after dividends (2,702) 6,230
Retained profits brought forward 4,630 (1,600)
Retained profits carried forward 1,927 4,630