Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-04-01No description of principal activity22truetruefalse 11895601 2023-04-01 2024-03-31 11895601 2022-04-01 2023-03-31 11895601 2024-03-31 11895601 2023-03-31 11895601 c:Director2 2023-04-01 2024-03-31 11895601 d:FreeholdInvestmentProperty 2024-03-31 11895601 d:FreeholdInvestmentProperty 2023-03-31 11895601 d:CurrentFinancialInstruments 2024-03-31 11895601 d:CurrentFinancialInstruments 2023-03-31 11895601 d:Non-currentFinancialInstruments 2024-03-31 11895601 d:Non-currentFinancialInstruments 2023-03-31 11895601 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 11895601 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 11895601 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 11895601 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 11895601 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-03-31 11895601 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-03-31 11895601 d:ShareCapital 2024-03-31 11895601 d:ShareCapital 2023-03-31 11895601 d:RetainedEarningsAccumulatedLosses 2024-03-31 11895601 d:RetainedEarningsAccumulatedLosses 2023-03-31 11895601 c:OrdinaryShareClass1 2023-04-01 2024-03-31 11895601 c:OrdinaryShareClass1 2024-03-31 11895601 c:OrdinaryShareClass1 2023-03-31 11895601 c:FRS102 2023-04-01 2024-03-31 11895601 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 11895601 c:FullAccounts 2023-04-01 2024-03-31 11895601 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 11895601 e:PoundSterling 2023-04-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 11895601









JOYOUS KINGDOM INVESTMENTS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
JOYOUS KINGDOM INVESTMENTS LIMITED
REGISTERED NUMBER: 11895601

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2024
2023
2023
Note
£
£
£
£

Fixed assets
  

Investment properties
 4 
4,730,154
4,730,154

Current assets
  

Debtors: amounts falling due within one year
 5 
27,555
53,065

Cash at bank and in hand
 6 
173,743
166,365

  
201,298
219,430

Creditors: amounts falling due within one year
 7 
(2,230,441)
(2,194,778)

Net current liabilities
  
 
 
(2,029,143)
 
 
(1,975,348)

Total assets less current liabilities
  
2,701,011
2,754,806

Creditors: amounts falling due after more than one year
 8 
(2,772,574)
(2,772,574)

  

Net liabilities
  
(71,563)
(17,768)


Capital and reserves
  

Called up share capital 
 10 
100
100

Profit and loss account
  
(71,663)
(17,868)

  
(71,563)
(17,768)


Page 1

 
JOYOUS KINGDOM INVESTMENTS LIMITED
REGISTERED NUMBER: 11895601
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2024

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
Jun Ren
Director

Date: 17 March 2025

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
JOYOUS KINGDOM INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Joyous Kingdom Investments Limited is a private company limited by shares and registered in England and Wales. The address of its registered office is 124 Finchley Road, London, NW3 5JS. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

At the balance sheet date, the company is showing net liabilities of £71,563 (2023:£17,768). The directors have agreed to provide the company with financial support for the foreseeable future. The financial statements are therefore prepared on the going concern basis.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rental Income
Investment properties are rented to tenants under tenancy contracts. The rental income received is recognised through profit or loss on a straight-line basis over the term of the contract. Any rent-free period is spread over the period of the contract.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3

 
JOYOUS KINGDOM INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.6

Investment properties

Investment properties are initially recognised at cost which includes purchase cost and any directly
attributable expenditure. After initial recognition, investment properties are carried at fair value
derived from current market rent and investment property yields for comparable real estate; adjusted,
where considered necessary, for differences in either the nature, location and/or condition of the
specific real estate asset. No depreciation is provided against investment properties with changes in
fair value recognised through profit or loss.
 



  
2.7

Debtors

Short term debtors are measured at transaction price, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

  
2.9

Creditors

Short term creditors are measured at the transaction price. 


3.


Employees




The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 4

 
JOYOUS KINGDOM INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Investment properties


Investment properties

£



Valuation


At 1 April 2023
4,730,154



At 31 March 2024
4,730,154

The 2024 valuations were made by the directors, on an open market value for existing use basis.







5.


Debtors

2024
2023
£
£


Trade debtors
2,736
16,251

Other debtors
2,485
4,369

Prepayments and accrued income
22,334
32,445

27,555
53,065



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
173,743
166,365

173,743
166,365


Page 5

 
JOYOUS KINGDOM INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
5,233
-

Other creditors
2,149,024
2,149,024

Accruals and deferred income
76,184
45,754

2,230,441
2,194,778



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
2,772,574
2,772,574

2,772,574
2,772,574


Details of security provided:
The bank loans are secured by a legal mortgage and fixed charges over the investment properties owned by the company.


9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£



Amounts falling due 2-5 years

Bank loans
2,772,574
2,772,574


2,772,574
2,772,574


2,772,574
2,772,574



10.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



Page 6

 
JOYOUS KINGDOM INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

10.Share capital (continued)

100 (2023 - 100) Ordinary shares of £1.00 each
100
100



11.


Related party transactions

Jun Ren, a director of the company, provided the company with an interest free loan. At the statement of financial position date, Joyous Kingdom Investments Limited owed Jun Ren £2,149,024 (2023 - £2,149,024).


12.


Controlling party

The immediate and ultimate parent company is owned and controlled by Jun Ren.
 
Page 7