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REGISTERED NUMBER: 01141891 (England and Wales)

Financial Statements for the Year Ended 31st December 2024

for

Joalten Investments Limited

Joalten Investments Limited (Registered number: 01141891)

Contents of the Financial Statements

for the Year Ended 31st December 2024

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

Joalten Investments Limited

Company Information

for the Year Ended 31st December 2024

| DIRECTORS: | Mr R C Quirk

| Mrs A M Quirk

| Ms H C Quirk

| SECRETARY: | Mrs A M Quirk

| REGISTERED OFFICE: | Greywalls

| 61 Chapel Street

| Billericay

| Essex

| CM12 9LT

| REGISTERED NUMBER: | 01141891 (England and Wales)

Joalten Investments Limited (Registered number: 01141891)

Balance Sheet

31st December 2024

| 2024 | 2023 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 34,713 |  | 41,535 |  |

Investments | 5 | 100 |  | 100 |  |

Investment property | 6 | 1,815,000 |  | 1,630,000 |  |

1,849,813 |  | 1,671,635 |  |

CURRENT ASSETS

Debtors | 7 | 12,413 |  | 85,772 |  |

Cash at bank | 287,623 |  | 292,007 |  |

300,036 |  | 377,779 |  |

CREDITORS

Amounts falling due within one year | 8 | 4,832 |  | 2,517 |  |

NET CURRENT ASSETS | 295,204 |  | 375,262 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 2,145,017 |  | 2,046,897 |  |

PROVISIONS FOR LIABILITIES | 143,866 |  | 110,012 |  |

NET ASSETS | 2,001,151 |  | 1,936,885 |  |

CAPITAL AND RESERVES

Called up share capital | 150,000 |  | 150,000 |  |

Revaluation reserve | 9 | 585,207 |  | 435,357 |  |

Capital redemption reserve | 344,610 |  | 344,610 |  |

Retained earnings | 921,334 |  | 1,006,918 |  |

2,001,151 |  | 1,936,885 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Joalten Investments Limited (Registered number: 01141891)

Balance Sheet - continued

31st December 2024

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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12th September 2025 and were signed on its behalf by:

Mr R C Quirk - Director

Joalten Investments Limited (Registered number: 01141891)

Notes to the Financial Statements

for the Year Ended 31st December 2024

1. | STATUTORY INFORMATION

| Joalten Investments Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

| Turnover

| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Plant and machinery | - | 10% on cost

| Fixtures and fittings | - | 10% on cost

| Investments in subsidiaries

| Investments in subsidiary undertakings are recognised at cost.

| Investment property

| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

| Current or deferred taxation assets and liabilities are not discounted.

| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

| 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.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was NIL (2023 - NIL).

Joalten Investments Limited (Registered number: 01141891)

Notes to the Financial Statements - continued

for the Year Ended 31st December 2024

4. | TANGIBLE FIXED ASSETS

| Fixtures |

| Plant and |  | and |

| machinery |  | fittings |  | Totals

£ | £ | £ |

| COST

| At 1st January 2024

| and 31st December 2024 | 67,393 |  | 835 |  | 68,228 |  |

| DEPRECIATION

| At 1st January 2024 | 26,357 |  | 336 |  | 26,693 |  |

| Charge for year | 6,739 |  | 83 |  | 6,822 |  |

| At 31st December 2024 | 33,096 |  | 419 |  | 33,515 |  |

| NET BOOK VALUE

| At 31st December 2024 | 34,297 |  | 416 |  | 34,713 |  |

| At 31st December 2023 | 41,036 |  | 499 |  | 41,535 |  |

| Revaluation of properties has been performed as per market value by the directors.

5. | FIXED ASSET INVESTMENTS

| Shares in

| group

| undertakings

£ |

| COST

| At 1st January 2024

| and 31st December 2024 | 100 |  |

| NET BOOK VALUE

| At 31st December 2024 | 100 |  |

| At 31st December 2023 | 100 |  |

6. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1st January 2024 | 1,630,000 |  |

| Revaluations | 185,000 |  |

| At 31st December 2024 | 1,815,000 |  |

| NET BOOK VALUE

| At 31st December 2024 | 1,815,000 |  |

| At 31st December 2023 | 1,630,000 |  |

Joalten Investments Limited (Registered number: 01141891)

Notes to the Financial Statements - continued

for the Year Ended 31st December 2024

6. | INVESTMENT PROPERTY - continued

| Fair value at 31st December 2024 is represented by:

£ |

| Valuation in 2020 | 356,260 |  |

| Valuation in 2022 | 181,218 |  |

| Valuation in 2024 | 185,000 |  |

| Cost | 1,092,522 |  |

1,815,000 |  |

7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2024 | 2023 |

£ | £ |

| Trade debtors | 5,700 |  | 5,700 |  |

| Amounts owed by group undertakings | 6,713 |  | 58,059 |  |

| Other debtors | - |  | 17,000 |  |

| VAT | - |  | 5,013 |  |

12,413 |  | 85,772 |  |

8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2024 | 2023 |

£ | £ |

| Amounts owed to group undertakings | 100 |  | 100 |  |

| Taxation and social security | 2,632 |  | 317 |  |

| Other creditors | 2,100 |  | 2,100 |  |

4,832 |  | 2,517 |  |

9. | RESERVES

| Revaluation

| reserve

£ |

| At 1st January 2024 | 435,357 |  |

| Investment property | 149,850 |  |

| At 31st December 2024 | 585,207 |  |

10. | RELATED PARTY DISCLOSURES

| Joalten Investments Ltd is a 99% subsidiary of Jambea Limited. As at year-end Joalten Investments Ltd was owed by Jambea Limited £6,712.76, included in amounts owed by group undertakings.

Joalten Investments Limited (Registered number: 01141891)

Notes to the Financial Statements - continued

for the Year Ended 31st December 2024

11. | ULTIMATE CONTROLLING PARTY

| The controlling party is Jambea Ltd.

| The ultimate controlling party is the RQ Life Interest Trust & the AQLife Interest Trust.

| Trustees are Roger and Angela Quirk, Harriet Quirk, Rosalind Wheeler and Fiona Bebbington.