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REGISTERED NUMBER: 11158877 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

FOR

JULA INVESTMENTS LIMITED

JULA INVESTMENTS LIMITED (REGISTERED NUMBER: 11158877)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JULA INVESTMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTORS: S A Richardson
D Richardson





REGISTERED OFFICE: 15 Burwood Road
Hersham
Surrey
KT12 4AB





REGISTERED NUMBER: 11158877 (England and Wales)





ACCOUNTANTS: RJP LLP
Ground Floor
Egerton House
68 Baker Street
Weybridge
Surrey
KT13 8AL

JULA INVESTMENTS LIMITED (REGISTERED NUMBER: 11158877)

BALANCE SHEET
30 JUNE 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,772 3,138
Investment property 5 1,713,339 1,698,969
1,715,111 1,702,107

CURRENT ASSETS
Cash at bank 913 29,317

CREDITORS
Amounts falling due within one year 6 359,805 529,868
NET CURRENT LIABILITIES (358,892 ) (500,551 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,356,219

1,201,556

CREDITORS
Amounts falling due after more than one
year

7

(1,204,119

)

(1,030,213

)

PROVISIONS FOR LIABILITIES 9 (36,728 ) (42,716 )
NET ASSETS 115,372 128,627

CAPITAL AND RESERVES
Called up share capital 10 200 200
Retained earnings 115,172 128,427
SHAREHOLDERS' FUNDS 115,372 128,627

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

JULA INVESTMENTS LIMITED (REGISTERED NUMBER: 11158877)

BALANCE SHEET - continued
30 JUNE 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 March 2024 and were signed on its behalf by:





S A Richardson - Director


JULA INVESTMENTS LIMITED (REGISTERED NUMBER: 11158877)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023


1. STATUTORY INFORMATION

Jula Investments Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover represents rents receivable. Rental income is recognised in the period to which it relates.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

JULA INVESTMENTS LIMITED (REGISTERED NUMBER: 11158877)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2022
and 30 June 2023 7,149
DEPRECIATION
At 1 July 2022 4,011
Charge for year 1,366
At 30 June 2023 5,377
NET BOOK VALUE
At 30 June 2023 1,772
At 30 June 2022 3,138

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2022 1,698,969
Additions 40,080
Revaluations (25,710 )
At 30 June 2023 1,713,339
NET BOOK VALUE
At 30 June 2023 1,713,339
At 30 June 2022 1,698,969

Fair value at 30 June 2023 is represented by:
£   
Valuation in 2023 1,713,339

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Hire purchase contracts - 35
Taxation and social security 1,685 -
Other creditors 358,120 529,833
359,805 529,868

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans 1,204,119 1,030,213

JULA INVESTMENTS LIMITED (REGISTERED NUMBER: 11158877)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
30.6.23 30.6.22
£    £   
Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans due in more than 5 years 1,204,119 1,030,213

8. SECURED DEBTS

The following secured debts are included within creditors:

30.6.23 30.6.22
£    £   
Bank loans 1,204,119 1,030,213

Paragon Bank PLC hold a legal charge over a property owned by the company.

Fleet Mortgages Limited hold a legal charge over a property owned by the company.

Kensington Mortgage Company Limited hold a legal charge over a property owned by the company.

9. PROVISIONS FOR LIABILITIES
30.6.23 30.6.22
£    £   
Deferred tax 36,728 42,716

Deferred
tax
£   
Balance at 1 July 2022 42,716
Provided during year (5,988 )
Balance at 30 June 2023 36,728

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.23 30.6.22
value: £    £   
100 A Ordinary £1.00 100 100
100 B Ordinary £1.00 100 100
200 200

JULA INVESTMENTS LIMITED (REGISTERED NUMBER: 11158877)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023


11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 June 2023 and 30 June 2022:

30.6.23 30.6.22
£    £   
Director
Balance outstanding at start of year (367,156 ) (428,033 )
Amounts advanced 326,387 65,877
Amounts repaid (162,722 ) (5,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (203,491 ) (367,156 )

Director
Balance outstanding at start of year (161,190 ) (99,667 )
Amounts advanced 45,647 100,822
Amounts repaid (27,820 ) (162,345 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (143,363 ) (161,190 )