Registered number
15449239
Ioseph Commercial Limited
Unaudited Filleted financial statements
31 August 2024
Ioseph Commercial Limited
Registered number: 15449239
Balance Sheet
as at 31 August 2024
Notes 2024
£
Fixed assets
Investments 3 5,340,415
Current assets
Cash at bank and in hand 4
Creditors: amounts falling due within one year 4 (1,006,615)
Net current liabilities (1,006,611)
Net assets 4,333,804
Capital and reserves
Called up share capital 4,335,004
Profit and loss account (1,200)
Shareholders' funds 4,333,804
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
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 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.
The financial statements were approved and authorised for issue on:
Antonis Theori
Director
Signed on behalf of the board on 21 November 2024
Ioseph Commercial Limited
Notes to the financial statements
for the period from 29 January 2024 to 31 August 2024
1 Accounting policies
Basis of preparation
Ioseph Commercial Limited is a company limited by shares incorporated in England within the United Kingdom. The company was incorporated on 29 January 2024. The registration number and the address of the registered address is given in the company information on page 1 of these financial statements. The principal place of business can be found in the note 5 of Financial Statements.

The financial statements cover the individual entity , are presented in sterling which is the functional currency of the company and are not rounded.

The Financial Statements 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).

The significant accounting policies applied in the preparation of these financial statements are set out below.
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.
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
Number
Average number of persons employed by the company 0
3 Investments
Investments in
subsidiary
undertakings
£
Cost
Additions 5,340,415
At 31 August 2024 5,340,415
During the year, the company acquired 80% of the share capital of Ioseph Limited from THMS Holdings Limited (a related party) in exchange for the issuance of 4,335,000 £1 Ordinary shares to the shareholders of THMS Holdings Limited as part of a wider corporate reorganisation.

The remaining 20% share capital of Ioseph Limited was acquired from the other shareholder on a commercial basis.
4 Creditors: amounts falling due within one year 2024 2024
£ £
Amounts owed to group undertakings and undertakings in which the company has a participating interest 1,005,415 1,005,415
Accruals 1,200 1,200
1,006,615 1,006,615
5 Other information
The company trading address is:
The Olive Tree Centre
472a Larkshall Road
Highams Park
London
E4 9HH
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