JOHALIAN PROPERTY LIMITED

Company Registration Number:
04590467 (England and Wales)

Unaudited abridged accounts for the year ended 29 November 2023

Period of accounts

Start date: 30 November 2022

End date: 29 November 2023

JOHALIAN PROPERTY LIMITED

Contents of the Financial Statements

for the Period Ended 29 November 2023

Balance sheet
Notes

JOHALIAN PROPERTY LIMITED

Balance sheet

As at 29 November 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 135 180
Total fixed assets: 135 180
Current assets
Debtors:   90,000 0
Cash at bank and in hand: 28,629 127,392
Total current assets: 118,629 127,392
Creditors: amounts falling due within one year:   (19,444) (18,004)
Net current assets (liabilities): 99,185 109,388
Total assets less current liabilities: 99,320 109,568
Creditors: amounts falling due after more than one year:   (22,500) (32,500)
Total net assets (liabilities): 76,820 77,068
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 76,720 76,968
Shareholders funds: 76,820 77,068

The notes form part of these financial statements

JOHALIAN PROPERTY LIMITED

Balance sheet statements

For the year ending 29 November 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.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 20 August 2024
and signed on behalf of the board by:

Name: Mr N Javid
Status: Director

The notes form part of these financial statements

JOHALIAN PROPERTY LIMITED

Notes to the Financial Statements

for the Period Ended 29 November 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Income represents ground rent which is measured at the fair value of the consideration receivable.

Tangible fixed assets and depreciation policy

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases: Fixtures, fittings and equipment: 25% reducing balance. The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to the profit and loss account.

Other accounting policies

Financial instruments: The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments. Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument. Basic financial assets: Basic financial assets are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. Basic financial liabilities: Basic financial liabilities, including creditors and bank loan are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. 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.

JOHALIAN PROPERTY LIMITED

Notes to the Financial Statements

for the Period Ended 29 November 2023

2. Employees

2023 2022
Average number of employees during the period 0 0

JOHALIAN PROPERTY LIMITED

Notes to the Financial Statements

for the Period Ended 29 November 2023

3. Tangible Assets

Total
Cost £
At 30 November 2022 21,979
At 29 November 2023 21,979
Depreciation
At 30 November 2022 21,799
Charge for year 45
At 29 November 2023 21,844
Net book value
At 29 November 2023 135
At 29 November 2022 180

JOHALIAN PROPERTY LIMITED

Notes to the Financial Statements

for the Period Ended 29 November 2023

4. Related party transactions

Name of the related party:
Relationship:
Director and Shareholder
Description of the Transaction: The unsecured loan is free of any interest charge and without any repayment terms.
£
Balance at 30 November 2022 3,804
Balance at 29 November 2023 5,604