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Company Registration No. 14154571 (England and Wales)
JOE & SUM CREATION LIMITED Unaudited accounts for the year ended 30 June 2024
JOE & SUM CREATION LIMITED Unaudited accounts Contents
Page
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JOE & SUM CREATION LIMITED Company Information for the year ended 30 June 2024
Directors
Kit Lung Chan Shui Sum Kong
Company Number
14154571 (England and Wales)
Registered Office
71-75 SHELTON STREET COVENT GARDEN LONDON WC2H 9JQ UNITED KINGDOM
Accountants
KONG KUEN LEO HO KONSIO CONSULTING SERVICE LIMITED 196 CROXLEY VIEW WATFORD HERTFORDSHIRE WD18 6PQ
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JOE & SUM CREATION LIMITED Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
379,073 
387,126 
Current assets
Cash at bank and in hand
3,269 
2,193 
Creditors: amounts falling due within one year
(2,320)
(2,320)
Net current assets/(liabilities)
949 
(127)
Total assets less current liabilities
380,022 
386,999 
Creditors: amounts falling due after more than one year
(432,780)
(432,272)
Net liabilities
(52,758)
(45,273)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(52,858)
(45,373)
Shareholders' funds
(52,758)
(45,273)
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 12 March 2025 and were signed on its behalf by
Kit Lung Chan Director Company Registration No. 14154571
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JOE & SUM CREATION LIMITED Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
JOE & SUM CREATION LIMITED is a private company, limited by shares, registered in England and Wales, registration number 14154571. The registered office is 71-75 SHELTON STREET, COVENT GARDEN, LONDON, WC2H 9JQ, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
50 years straight line @2%
Plant & machinery
5 years straight line @20%
Fixtures & fittings
10 years straight line @10%
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 July 2023
385,000 
- 
5,214 
390,214 
Additions
- 
210 
- 
210 
At 30 June 2024
385,000 
210 
5,214 
390,424 
Depreciation
At 1 July 2023
2,567 
- 
521 
3,088 
Charge for the year
7,700 
42 
521 
8,263 
At 30 June 2024
10,267 
42 
1,042 
11,351 
Net book value
At 30 June 2024
374,733 
168 
4,172 
379,073 
At 30 June 2023
382,433 
- 
4,693 
387,126 
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JOE & SUM CREATION LIMITED Notes to the Accounts for the year ended 30 June 2024
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Other creditors
880 
880 
Accruals
1,440 
1,440 
2,320 
2,320 
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
304,000 
304,000 
Loans from directors
128,780 
128,272 
432,780 
432,272 
Included within creditors due after one year is a balance of £432,740. Of this amount £128,740 is a long term loan that the director has invested into the company. The director has waived her right to charge interest in this in the tax year. The loan is unsecured. And £304,000.00 is the interest only mortgage. The total amount outstanding at the year end as above:
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
8
Transactions with related parties
The ultimate controlling party are the directors of the company: Mr Kit Lung Chan Ms Shui Sum Kong
9
Average number of employees
During the year the average number of employees was 1 (2023: 2).
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