Registered number
08479330
JulieAndrew Ltd
Filleted Accounts
30 April 2024
JulieAndrew Ltd
Registered number: 08479330
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 21,645 32,147
Investments 4 522,113 522,113
543,758 554,260
Current assets
Debtors 5 1,098,482 1,063,812
Cash at bank and in hand 49,682 21,941
1,148,164 1,085,753
Creditors: amounts falling due within one year 6 (612,980) (644,809)
Net current assets 535,184 440,944
Total assets less current liabilities 1,078,942 995,204
Creditors: amounts falling due after more than one year 7 (11,669) (21,218)
Net assets 1,067,273 973,986
Capital and reserves
Called up share capital 231,626 231,626
Profit and loss account 835,647 742,360
Shareholder's funds 1,067,273 973,986
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 his 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.
Mr H Khalil
Director
Approved by the board on 2 January 2025
JulieAndrew Ltd
Notes to the Accounts
for the year ended 30 April 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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:
Leasehold land and buildings over the lease term
Plant and machinery 33% on reducing balance
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 2024 2023
Number Number
Average number of persons employed by the company 3 3
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 May 2023 11,329 38,605 42,238 92,172
At 30 April 2024 11,329 38,605 42,238 92,172
Depreciation
At 1 May 2023 8,851 32,695 18,479 60,025
Charge for the year 1,133 1,951 7,418 10,502
At 30 April 2024 9,984 34,646 25,897 70,527
Net book value
At 30 April 2024 1,345 3,959 16,341 21,645
At 30 April 2023 2,478 5,910 23,759 32,147
4 Investments
Investments in Investments in
subsidiary Other subsidiary
undertakings investments undertakings
£ £ £
Cost
At 1 May 2023 522,113 - 522,113
At 30 April 2024 522,113 - 522,113
Holdings of more than 20%
The company holds more than 20% of the share capital of the following companies:
Company Country Shares held Class %
Kap Hotels Limited UK Ordinary 100
EGY Hotels Limited UK Ordinary 100
St Mary & Pope Kyrillos Ltd UK Ordinary 50
JulieAndrew Willows Ltd UK Ordinary 100
5 Debtors 2024 2023
£ £
Trade debtors - 39,840
Amounts owed by group undertakings and undertakings in which the company has a participating interest 1,026,642 955,674
Prepayments 24,840 20,826
Rent deposit paid 47,000 47,000
Other debtors - 472
1,098,482 1,063,812
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 10,381 10,632
Trade creditors 74,383 56,183
Amounts owed to group undertakings and undertakings in which the company has a participating interest 23,800 65,800
Taxation and social security costs 1,201 22,220
Director's loan account 500,265 485,954
Net wages payable 2,950 2,950
Other creditors - 1,070
612,980 644,809
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 11,669 21,218
The bank loan is unsecured and received under the Government's 'Bounce Back Loan' scheme.
8 Related party transactions
Dividends in the sum of £11,000 (2023: £11,000) were declared in favour of Mr H Khalil, the shareholding director.
Dividends in the sum of £50,000 were receivable from JulieAndrew Willows Ltd, a wholly owned subsidiary of JulieAndrew Ltd. Included within the debtors is an amount of £1005,242 owed from JulieAndrew Willows Ltd as at the balance sheet date.
Dividends in the sum of £15,000 were receivable from KAP Hotels Ltd, a wholly owned subsidiary of JulieAndrew Ltd. Included within the debtors is an amount of £15,000 owed from KAP Hotels Ltd as at the balance sheet date.
Dividends in the sum of £30,000 were receivable from EGY Hotels Ltd, a wholly owned subsidiary of JulieAndrew Ltd. Included within the creditors is an amount of £23,800 owed to EGY Hotels Ltd as at the balance sheet date.
Dividends in the sum of £16,000 were receivable from St Mary & Pope Kyrillos Ltd, a company of which JulieAndrew Ltd holds 50% of share capital. Included within the debtors is an amount of £6,400 owed from St Mary & Pope Kyrillos Ltd as at the balance sheet date.
9 Controlling party
The ultimate controlling party is Mr H Khalil. His control comes by virtue of shareholding, directorship and day to day running of the business.
10 Other information
JulieAndrew Ltd is a private company limited by shares and incorporated in England. Its registered office is:
148-150 Shenley Road
Borehamwood
Hertfordshire
England
WD6 1EQ
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