Jonina Ltd 08388531 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is that of property rentals. Digita Accounts Production Advanced 6.30.9574.0 true 08388531 2023-04-01 2024-03-31 08388531 2024-03-31 08388531 bus:OrdinaryShareClass2 bus:Non-cumulativeNon-redeemableShares 2024-03-31 08388531 bus:OrdinaryShareClass3 bus:Non-cumulativeNon-redeemableShares 2024-03-31 08388531 core:FinancialAssetsDesignatedFairValueThroughProfitOrLoss core:Non-currentFinancialInstruments 2024-03-31 08388531 core:CurrentFinancialInstruments 2024-03-31 08388531 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 08388531 core:FurnitureFittingsToolsEquipment 2024-03-31 08388531 bus:SmallEntities 2023-04-01 2024-03-31 08388531 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 08388531 bus:FullAccounts 2023-04-01 2024-03-31 08388531 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 08388531 bus:RegisteredOffice 2023-04-01 2024-03-31 08388531 bus:Director1 2023-04-01 2024-03-31 08388531 bus:Director2 2023-04-01 2024-03-31 08388531 bus:OrdinaryShareClass2 bus:Non-cumulativeNon-redeemableShares 2023-04-01 2024-03-31 08388531 bus:OrdinaryShareClass3 bus:Non-cumulativeNon-redeemableShares 2023-04-01 2024-03-31 08388531 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 08388531 core:FurnitureFittingsToolsEquipment 2023-04-01 2024-03-31 08388531 countries:AllCountries 2023-04-01 2024-03-31 08388531 2023-03-31 08388531 core:FurnitureFittingsToolsEquipment 2023-03-31 08388531 2022-04-01 2023-03-31 08388531 2023-03-31 08388531 bus:OrdinaryShareClass2 bus:Non-cumulativeNon-redeemableShares 2023-03-31 08388531 bus:OrdinaryShareClass3 bus:Non-cumulativeNon-redeemableShares 2023-03-31 08388531 core:FinancialAssetsDesignatedFairValueThroughProfitOrLoss core:Non-currentFinancialInstruments 2023-03-31 08388531 core:CurrentFinancialInstruments 2023-03-31 08388531 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 08388531 core:FurnitureFittingsToolsEquipment 2023-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 08388531

Jonina Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2024

 

Jonina Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

 

Jonina Ltd

Company Information

Directors

Dr M C Lovett

Mrs S J Lovett

Registered office

18 Mayfield Drive
Shrewsbury
Shropshire
SY2 6PB

Accountants

CBSL Accountants Limited
Chartered Accountants
Rowan House North
1 The Professional Quarter
Shrewsbury Business Park
Shrewsbury
Shropshire
SY2 6LG

 

Jonina Ltd

(Registration number: 08388531)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

1,893

2,367

Investment property

5

342,052

720,401

Other financial assets

6

126,118

-

 

470,063

722,768

Current assets

 

Debtors

7

9

-

Cash at bank and in hand

 

14,934

4,443

 

14,943

4,443

Creditors: Amounts falling due within one year

8

(185,162)

(417,883)

Net current liabilities

 

(170,219)

(413,440)

Net assets

 

299,844

309,328

Capital and reserves

 

Called up share capital

9

20

20

Retained earnings

299,824

309,308

Shareholders' funds

 

299,844

309,328

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

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 special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 10 October 2024 and signed on its behalf by:
 


Dr M C Lovett
Director

 

Jonina Ltd

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

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
18 Mayfield Drive
Shrewsbury
Shropshire
SY2 6PB

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

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.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Jonina Ltd

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

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures & fittings

20% Reducing Balance

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

 

Jonina Ltd

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

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 April 2023

13,391

13,391

At 31 March 2024

13,391

13,391

Depreciation

At 1 April 2023

11,024

11,024

Charge for the year

474

474

At 31 March 2024

11,498

11,498

Carrying amount

At 31 March 2024

1,893

1,893

At 31 March 2023

2,367

2,367

5

Investment properties

2024
£

At 1 April

720,401

Disposals

(378,349)

At 31 March

342,052

The property was valued at market value by the directors.

 

Jonina Ltd

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

6

Other financial assets (current and non-current)

Financial assets at fair value through profit and loss
£

Total
£

Non-current financial assets

Cost or valuation

Additions

119,021

119,021

Fair value adjustments

7,097

7,097

At 31 March 2024

126,118

126,118

Carrying amount

At 31 March 2024

126,118

126,118

At 31 March 2023

-

-

7

Debtors

Current

2024
£

2023
£

Other debtors

9

-

8

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

900

900

Taxation and social security

2,275

1,699

Accruals and deferred income

509

521

Other creditors

181,478

414,763

185,162

417,883

 

Jonina Ltd

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

9

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

A Ordinary shares of £1 each

10

10

10

10

B Ordinary shares of £1 each

10

10

10

10

 

20

20

20

20

10

Related party transactions

At 31 March 2024 the company owed the directors a balance of £181,478 (2023 - £414,763), which is included in creditors due within one year.