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REGISTERED NUMBER: 05419722 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

JOMOTO LIMITED

JOMOTO LIMITED (REGISTERED NUMBER: 05419722)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 April 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JOMOTO LIMITED

COMPANY INFORMATION
for the Year Ended 30 April 2024







DIRECTORS: J Price
A J Price





REGISTERED OFFICE: Bank Gallery
High Street
Kenilworth
Warwickshire
CV8 1LY





REGISTERED NUMBER: 05419722 (England and Wales)





ACCOUNTANTS: Bernard Rogers & Co
Bank Gallery
High Street
Kenilworth
Warwickshire
CV8 1LY

JOMOTO LIMITED (REGISTERED NUMBER: 05419722)

BALANCE SHEET
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 917 1,375
Investment property 5 475,000 450,000
475,917 451,375

CURRENT ASSETS
Stocks 4,241 1,820
Debtors 6 4,068 12,225
Cash at bank 20,120 53,929
28,429 67,974
CREDITORS
Amounts falling due within one year 7 161,357 182,580
NET CURRENT LIABILITIES (132,928 ) (114,606 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

342,989

336,769

PROVISIONS FOR LIABILITIES 8 17,447 12,784
NET ASSETS 325,542 323,985

CAPITAL AND RESERVES
Called up share capital 2 2
Fair value reserve 9 73,636 53,386
Retained earnings 251,904 270,597
SHAREHOLDERS' FUNDS 325,542 323,985

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 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.

JOMOTO LIMITED (REGISTERED NUMBER: 05419722)

BALANCE SHEET - continued
30 April 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 Board of Directors and authorised for issue on 24 January 2025 and were signed on its behalf by:





J Price - Director


JOMOTO LIMITED (REGISTERED NUMBER: 05419722)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 April 2024


1. STATUTORY INFORMATION

Jomoto Limited 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.

Turnover
Turnover represents net invoiced sale of goods and services, 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.
Computer equipment - 25% on cost

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.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Pension costs and other post-retirement benefits
During the year the company made payments to the directors personal pensions scheme. The assets of the scheme are held separately from those of the company's in an independently administered fund.

JOMOTO LIMITED (REGISTERED NUMBER: 05419722)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 April 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 May 2023
and 30 April 2024 3,673
DEPRECIATION
At 1 May 2023 2,298
Charge for year 458
At 30 April 2024 2,756
NET BOOK VALUE
At 30 April 2024 917
At 30 April 2023 1,375

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023 450,000
Revaluations 25,000
At 30 April 2024 475,000
NET BOOK VALUE
At 30 April 2024 475,000
At 30 April 2023 450,000

Fair value at 30 April 2024 is represented by:
£   
Valuation in 2022 450,000
Valuation in 2024 25,000
475,000

If the investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 384,091 384,091

Investment property was valued on an open market basis on 24 January 2025 by Boothroyd & Company .

JOMOTO LIMITED (REGISTERED NUMBER: 05419722)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 April 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 4,068 12,225

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 6,340 4,003
Taxation and social security 16,363 35,674
Other creditors 138,654 142,903
161,357 182,580

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 174 261
Fair value 17,273 12,523
17,447 12,784

Deferred
tax
£   
Balance at 1 May 2023 12,784
Charge to Income Statement during year 4,663
Balance at 30 April 2024 17,447

9. RESERVES
Fair
value
reserve
£   
At 1 May 2023 53,386
Movement in fair value 25,000
Deferred tax fair value (4,750 )

At 30 April 2024 73,636

10. RELATED PARTY DISCLOSURES

At 30 April 2024 other creditors include loans made to the company by J Price (director) amounting to £135,307 (2023 £138,843). The loans are interest free with no fixed date for repayment.

A J Price (director) paid rent to the company during the year amounting to £3,600 (2023 £3,600). No amounts are outstanding at the year end.

JOMOTO LIMITED (REGISTERED NUMBER: 05419722)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 April 2024


11. CONTROLLING PARTY

The controlling party is J Price.