Registered number
12263870
JULIA REAL ESTATE LTD.
Filleted Accounts
31 October 2023
JULIA REAL ESTATE LTD.
Registered number: 12263870
Balance Sheet
as at 31 October 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 586,556 456,527
Current assets
Cash at bank and in hand 15,691 1,627
Creditors: amounts falling due within one year 4 (412) -
Net current assets 15,279 1,627
Total assets less current liabilities 601,835 458,154
Creditors: amounts falling due after more than one year 5 (572,785) (476,885)
Net assets/(liabilities) 29,050 (18,731)
Capital and reserves
Called up share capital 100 100
Revaluation reserve 6 89,041 11,978
Profit and loss account (60,091) (30,809)
Shareholder's funds 29,050 (18,731)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Ines Julia Khadri
Director
Approved by the board on 30 September 2024
JULIA REAL ESTATE LTD.
Notes to the Accounts
for the year ended 31 October 2023
1 Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company - -
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 November 2022 450,090 10,289 460,379
Additions 52,031 3,741 55,772
Surplus on revaluation 77,063 - 77,063
At 31 October 2023 579,184 14,030 593,214
Depreciation
At 1 November 2022 - 3,852 3,852
Charge for the year - 2,806 2,806
At 31 October 2023 - 6,658 6,658
Net book value
At 31 October 2023 579,184 7,372 586,556
At 31 October 2022 450,090 6,437 456,527
4 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 212 -
Other creditors 200 -
412 -
5 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 398,475 293,979
Other creditors 174,310 182,906
572,785 476,885
6 Revaluation reserve 2023 2022
£ £
At 1 November 2022 11,978 11,978
Gain on revaluation of land and buildings 77,063 -
At 31 October 2023 89,041 11,978
7 Other information
JULIA REAL ESTATE LTD. is a private company limited by shares and incorporated in England. Its registered office is:
Suite 5, 5th Floor City Reach
5 Greenwich View Place
London
England
E14 9NN
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