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Company Registration No. 12235695 (England and Wales)
FORJOE CAPITAL LTD Unaudited accounts for the year ended 31 October 2023
FORJOE CAPITAL LTD Unaudited accounts Contents
Page
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FORJOE CAPITAL LTD Company Information for the year ended 31 October 2023
Directors
Samuel Forjoe Uchechukwu Eze
Company Number
12235695 (England and Wales)
Registered Office
62 SPRINGHEAD PARKWAY GRAVESEND DA11 8BF UNITED KINGDOM
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FORJOE CAPITAL LTD Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
800 
1,000 
Investment property
66,562 
66,562 
67,362 
67,562 
Current assets
Cash at bank and in hand
898 
1,149 
Creditors: amounts falling due within one year
(34,017)
(21,972)
Net current liabilities
(33,119)
(20,823)
Total assets less current liabilities
34,243 
46,739 
Creditors: amounts falling due after more than one year
(65,250)
(65,250)
Net liabilities
(31,007)
(18,511)
Capital and reserves
Called up share capital
4 
4 
Profit and loss account
(31,011)
(18,515)
Shareholders' funds
(31,007)
(18,511)
For the year ending 31 October 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 responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 24 July 2024 and were signed on its behalf by
Samuel Forjoe Director Company Registration No. 12235695
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FORJOE CAPITAL LTD Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
FORJOE CAPITAL LTD is a private company, limited by shares, registered in England and Wales, registration number 12235695. The registered office is 62 SPRINGHEAD PARKWAY, GRAVESEND, DA11 8BF, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Investment property
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in the income statement. Where fair value cannot be achieved without undue cost or effort, investment property is accounted for as tangible fixed assets. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% straight line
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FORJOE CAPITAL LTD Notes to the Accounts for the year ended 31 October 2023
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 November 2022
1,000 
At 31 October 2023
1,000 
Depreciation
Charge for the year
200 
At 31 October 2023
200 
Net book value
At 31 October 2023
800 
At 31 October 2022
1,000 
5
Investment property
2023 
£ 
Fair value at 1 November 2022
66,562 
At 31 October 2023
66,562 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
1,079 
1,317 
Loans from directors
31,123 
19,795 
Accruals
870 
860 
Deferred income
945 
- 
34,017 
21,972 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
65,250 
65,250 
Creditors include bank loans, overdrafts and net obligations under finance lease and collateralised hire purchase contracts which are secured of £66,231 (2022: £66,567). Together Commercial Finance Limited has a floating charge and negative pledge on the investment property of the company.
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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