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REGISTERED NUMBER: 05279181 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

JOVIAL LTD

JOVIAL LTD (REGISTERED NUMBER: 05279181)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


JOVIAL LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTORS: S Kritzler
G Lubelsky





SECRETARY: G Lubelsky





REGISTERED OFFICE: 115 Craven Park Road
London
N15 6BL





REGISTERED NUMBER: 05279181 (England and Wales)





ACCOUNTANTS: Venitt and Greaves
Chartered Accountants
115 Craven Park Road
South Tottenham
London
N15 6BL

JOVIAL LTD (REGISTERED NUMBER: 05279181)

STATEMENT OF FINANCIAL POSITION
30 NOVEMBER 2023

30.11.23 30.11.22
Notes £    £   
FIXED ASSETS
Tangible assets 5 163 192
Investment property 6 700,000 700,000
700,163 700,192

CURRENT ASSETS
Debtors 7 119,367 110,000
Cash at bank 8,766 9,560
128,133 119,560
CREDITORS
Amounts falling due within one year 8 (248,707 ) (247,985 )
NET CURRENT LIABILITIES (120,574 ) (128,425 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

579,589

571,767

PROVISIONS FOR LIABILITIES (77,810 ) (81,272 )
NET ASSETS 501,779 490,495

CAPITAL AND RESERVES
Called up share capital 9 1 1
Revaluation reserve 10 349,940 346,477
Retained earnings 10 151,838 144,017
SHAREHOLDERS' FUNDS 501,779 490,495

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

JOVIAL LTD (REGISTERED NUMBER: 05279181)

STATEMENT OF FINANCIAL POSITION - continued
30 NOVEMBER 2023


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 Board of Directors and authorised for issue on 14 November 2024 and were signed on its behalf by:




S Kritzler - Director



G Lubelsky - Director


JOVIAL LTD (REGISTERED NUMBER: 05279181)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1. STATUTORY INFORMATION

Jovial 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover represents net rent receivable, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance and not provided

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

JOVIAL LTD (REGISTERED NUMBER: 05279181)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 December 2022
and 30 November 2023 2,626
DEPRECIATION
At 1 December 2022 2,434
Charge for year 29
At 30 November 2023 2,463
NET BOOK VALUE
At 30 November 2023 163
At 30 November 2022 192

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2022
and 30 November 2023 700,000
NET BOOK VALUE
At 30 November 2023 700,000
At 30 November 2022 700,000

Fair value at 30 November 2023 is represented by:
£   
Valuation in 2017 377,750
Valuation in 2020 50,000
Cost 272,250
700,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Other debtors 119,367 110,000

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Tax 2,115 672
Other creditors 243,173 243,174
Directors' current accounts 2,579 2,579
Accrued expenses 840 1,560
248,707 247,985

JOVIAL LTD (REGISTERED NUMBER: 05279181)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.23 30.11.22
value: £    £   
1 Ordinary £1 1 1

10. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 December 2022 144,017 346,477 490,494
Profit for the year 11,283 11,283
Revaluation (3,462 ) 3,463 1
At 30 November 2023 151,838 349,940 501,778

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is S Kritzler.