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REGISTERED NUMBER: 02329946 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Joppa Books Ltd

Joppa Books Ltd (Registered number: 02329946)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Joppa Books Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Y B Samaha





SECRETARY: Mrs N N M El Issa





REGISTERED OFFICE: 68 High Road
Byfleet
West Byfleet
Surrey
KT14 7QL





REGISTERED NUMBER: 02329946 (England and Wales)





ACCOUNTANTS: Braywood Ltd
35 Station Approach
West Byfleet
Surrey
KT14 6NF

Joppa Books Ltd (Registered number: 02329946)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investment property 5 512,000 340,000
512,000 340,000

CURRENT ASSETS
Debtors 6 650 1,457
Cash at bank and in hand 4,986 21,692
5,636 23,149
CREDITORS
Amounts falling due within one year 7 38,645 43,877
NET CURRENT LIABILITIES (33,009 ) (20,728 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

478,991

319,272

CREDITORS
Amounts falling due after more than one year 8 (16,000 ) (16,000 )

PROVISIONS FOR LIABILITIES (101,404 ) (44,387 )
NET ASSETS 361,587 258,885

CAPITAL AND RESERVES
Called up share capital 198,668 198,668
Share premium 9 33,333 33,333
Fair value reserve 9 304,212 189,229
Retained earnings 9 (174,626 ) (162,345 )
SHAREHOLDERS' FUNDS 361,587 258,885

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Joppa Books Ltd (Registered number: 02329946)

Balance Sheet - continued
31 March 2024


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 director and authorised for issue on 21 August 2024 and were signed by:





Y B Samaha - Director


Joppa Books Ltd (Registered number: 02329946)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Joppa Books Ltd 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.

The director expects that the next twelve months will generate positive cash flows and has therefore continued to adopt the going concern basis of preparing the financial statements.

Turnover
Turnover represents gross rental income receivable.

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 - 25% on reducing balance

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.

Depreciation is not provided on the investment property. This treatment may be a departure from the requirements of the Companies Act concerning depreciation of fixed assets. However, the property is not held for consumption but for investment and the director considers that systematic annual depreciation would not be inappropriate.The accounting policy adopted is therefore necessary for the accounts to give a true and fair view. Depreciation is only one of the many factors reflected in the annual valuation and the amount which might otherwise have been shown cannot be separately identified or quantified.

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
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 (2023 - 1 ) .

Joppa Books Ltd (Registered number: 02329946)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 April 2023
and 31 March 2024 8,184
DEPRECIATION
At 1 April 2023
and 31 March 2024 8,184
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 340,000
Revaluations 172,000
At 31 March 2024 512,000
NET BOOK VALUE
At 31 March 2024 512,000
At 31 March 2023 340,000

Included in fair value of investment property is freehold land of £ 512,000 (2023 - £ 340,000 ) which is not depreciated.

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2011 106,384
Valuation in 2012 176,616
Valuation in 2014 47,000
Valuation in 2015 39,950
Valuation in 2017 15,050
Valuation in 2019 5,000
Valuation in 2022 (50,000 )
Valuation in 2024 172,000
512,000

If the Investment Property had not been revalued it would have been included at the following historical cost:

31.3.24 31.3.23
£    £   
Cost 106,384 106,384

The investment property was valued on an open market basis on 31 March 2024 by the director .

Joppa Books Ltd (Registered number: 02329946)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 650 1,457

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 173 160
Taxation and social security - 97
Other creditors 38,472 43,620
38,645 43,877

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Other creditors 16,000 16,000

9. RESERVES
Fair
Retained Share value
earnings premium reserve Totals
£    £    £    £   

At 1 April 2023 (162,345 ) 33,333 189,229 60,217
Deficit for the year (12,281 ) - - (12,281 )
Revaluation - - 114,983 114,983
At 31 March 2024 (174,626 ) 33,333 304,212 162,919

10. RELATED PARTY DISCLOSURES

Total due to the N El Issa at the balance sheet date was £21,283 (2023 £51,283). Of the total loan to the company, £16,000 is classified as long term and will be repaid when the property is sold.

Total due to Y B Samaha at the balance sheet date was £31,689 (2023 £6,957)

Both loans are unsecured and interest-free

11. ULTIMATE CONTROLLING PARTY

Mr Y B Samaha, the majority shareholder, is the ultimate controlling party.