0 false false false false false false false false false false true false false false false false false No description of principal activity 2023-07-01 Sage Accounts Production Advanced 2024 - FRS102_2024 699,886 699,886 699,886 xbrli:pure xbrli:shares iso4217:GBP 11556121 2023-07-01 2024-06-30 11556121 2024-06-30 11556121 2023-06-30 11556121 2022-07-01 2023-06-30 11556121 2023-06-30 11556121 2022-06-30 11556121 bus:Director1 2023-07-01 2024-06-30 11556121 core:WithinOneYear 2024-06-30 11556121 core:WithinOneYear 2023-06-30 11556121 core:ShareCapital 2024-06-30 11556121 core:ShareCapital 2023-06-30 11556121 core:RetainedEarningsAccumulatedLosses 2024-06-30 11556121 core:RetainedEarningsAccumulatedLosses 2023-06-30 11556121 core:CostValuation core:Non-currentFinancialInstruments 2024-06-30 11556121 core:Non-currentFinancialInstruments 2024-06-30 11556121 core:Non-currentFinancialInstruments 2023-06-30 11556121 bus:SmallEntities 2023-07-01 2024-06-30 11556121 bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 11556121 bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 11556121 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 11556121 bus:FullAccounts 2023-07-01 2024-06-30
COMPANY REGISTRATION NUMBER: 11556121
Shojin Rise Limited
Filleted Unaudited Financial Statements
30 June 2024
Shojin Rise Limited
Statement of Financial Position
30 June 2024
2024
2023
Note
£
£
Fixed assets
Investments
4
699,886
699,886
Current assets
Debtors
5
213,778
207,945
Creditors: amounts falling due within one year
6
7,333
1,500
---------
---------
Net current assets
206,445
206,445
---------
---------
Total assets less current liabilities
906,331
906,331
---------
---------
Net assets
906,331
906,331
---------
---------
Capital and reserves
Called up share capital
907,831
907,831
Profit and loss account
( 1,500)
( 1,500)
---------
---------
Shareholders funds
906,331
906,331
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
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.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 26 March 2025 , and are signed on behalf of the board by:
J D Ondhia
Director
Company registration number: 11556121
Shojin Rise Limited
Notes to the Financial Statements
Year ended 30 June 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Suite 1, First floor, 1 Duchess Street, London, W1W 6AN, England.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
The turnover shown in the profit and loss account represents dividend receivable.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship (see hedge accounting policy). Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Investments
Other investments other than loans
£
Cost
At 1 July 2023 and 30 June 2024
699,886
---------
Impairment
At 1 July 2023 and 30 June 2024
---------
Carrying amount
At 30 June 2024
699,886
---------
At 30 June 2023
699,886
---------
5. Debtors
2024
2023
£
£
Other debtors
213,778
207,945
---------
---------
6. Creditors: amounts falling due within one year
2024
2023
£
£
Amounts owed to group undertakings and undertakings in which the company has a participating interest
5,833
Other creditors
1,500
1,500
-------
-------
7,333
1,500
-------
-------
7. Controlling party
Shojin Property Partners Limited of C/O Leaman Mattei, first floor, 1 Duchess street, London, W1W 6AN is the ultimate controlling party by virtue of holding 100% of the shares with voting rights.