REGISTERED NUMBER: 01141891 (England and Wales)

Financial Statements for the Year Ended 31st December 2024

for

Joalten Investments Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

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)

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.

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

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).

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

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.

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.