1 November 2023 false No description of principal activity Taxfiler 2024.6 11646729business:PrivateLimitedCompanyLtd2023-11-012024-10-31 116467292023-10-31 116467292023-11-012024-10-31 11646729business:AuditExemptWithAccountantsReport2023-11-012024-10-31 11646729business:FilletedAccounts2023-11-012024-10-31 116467292024-10-31 11646729business:Director12023-11-012024-10-31 11646729business:Director22023-11-012024-10-31 11646729business:RegisteredOffice2023-11-012024-10-31 116467292023-10-31 11646729core:WithinOneYear2024-10-31 11646729core:WithinOneYear2023-10-31 11646729core:AfterOneYear2024-10-31 11646729core:AfterOneYear2023-10-31 11646729core:ShareCapitalcore:PreviouslyStatedAmount2024-10-31 11646729core:ShareCapitalcore:PreviouslyStatedAmount2023-10-31 11646729core:InvestmentPropertiesRevaluationReservecore:PreviouslyStatedAmount2024-10-31 11646729core:InvestmentPropertiesRevaluationReservecore:PreviouslyStatedAmount2023-10-31 11646729core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-10-31 11646729core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-10-31 11646729core:PreviouslyStatedAmount2024-10-31 11646729core:PreviouslyStatedAmount2023-10-31 11646729business:SmallEntities2023-11-012024-10-31 11646729countries:EnglandWales2023-11-012024-10-31 11646729core:AfterOneYear2023-11-012024-10-31 116467292022-11-012023-10-31 iso4217:GBP xbrli:pure
Company Registration No. 11646729 (England and Wales)
Joyful Homes Ltd Unaudited accounts for the year ended 31 October 2024
Joyful Homes Ltd Unaudited accounts Contents
Page
- 2 -
Joyful Homes Ltd Company Information for the year ended 31 October 2024
Directors
Igor Zozuk Irina Zozuk
Company Number
11646729 (England and Wales)
Registered Office
15 Ripley Road Bristol Avon BS5 7RB England
Accountants
Austin, Taylor Limited 16 Dover Street Canterbury Kent CT1 3HD
- 3 -
Joyful Homes Ltd Statement of financial position as at 31 October 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
1,813,488 
1,439,637 
Current assets
Debtors
10,360 
8,005 
Cash at bank and in hand
173,110 
5,154 
183,470 
13,159 
Creditors: amounts falling due within one year
(268,356)
(110,356)
Net current liabilities
(84,886)
(97,197)
Total assets less current liabilities
1,728,602 
1,342,440 
Creditors: amounts falling due after more than one year
(1,097,840)
(885,610)
Provisions for liabilities
Deferred tax
(89,105)
(57,718)
Net assets
541,657 
399,112 
Capital and reserves
Called up share capital
100 
100 
Fair value reserve
303,784 
303,784 
Profit and loss account
237,773 
95,228 
Shareholders' funds
541,657 
399,112 
For the year ending 31 October 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 May 2025 and were signed on its behalf by
Igor Zozuk Director Company Registration No. 11646729
- 4 -
Joyful Homes Ltd Notes to the Accounts for the year ended 31 October 2024
1
Statutory information
Joyful Homes Ltd is a private company, limited by shares, registered in England and Wales, registration number 11646729. The registered office is 15 Ripley Road, Bristol, Avon, BS5 7RB, England.
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
4
Investment property
2024 
£ 
Fair value at 1 November 2023
1,439,637 
Additions
238,656 
Disposals
(30,000)
Net gain from fair value adjustments
165,195 
At 31 October 2024
1,813,488 
- 5 -
Joyful Homes Ltd Notes to the Accounts for the year ended 31 October 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
6,360 
8,005 
Other debtors
4,000 
- 
10,360 
8,005 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
10,648 
10,648 
Taxes and social security
158 
1,141 
Loans from directors
175,690 
96,815 
Accruals
81,860 
1,752 
268,356 
110,356 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
1,097,840 
885,610 
There is a fixed charge and negative pledge for a mortgage on one of the company investment properties.
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).
- 6 -