JOALIN LTD


Director	LIM-PANG, Kai Nah


Registered Address	7 Bell Yard
	London
	WC2A 2JR


Registered Number	12388148 (England and Wales)

Balance Sheet as at
31 January 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		94		318
Investment property	4		489,469		489,469
			489,563		489,787
Current assets
Debtors		-		2,096
Cash at bank and on hand		9,531		8,743
		9,531		10,839
Creditors amounts falling due within one year	5	(153,286)		(158,120)
Net current assets (liabilities)			(143,755)		(147,281)
Total assets less current liabilities			345,808		342,506
Creditors amounts falling due after one year	6		(337,500)		(337,500)
Net assets			8,308		5,006
Capital and reserves
Called up share capital			5		5
Profit and loss account			8,303		5,001
Shareholders' funds			8,308		5,006

The company was entitled to exemption from audit for this reporting period 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 Director acknowledges 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 22 September 2025, and are signed on its behalf by:

LIM-PANG, Kai Nah
Director
Registered Company No. 12388148

JOALIN LTD

Notes to the Financial Statements
for the year ended 31 January 2025

1.	Accounting policies

	Statutory information
	JOALIN LTD is a private company limited by shares and incorporated in England and Wales. Its registered office is 7 Bell Yard, London, England, WC2A 2JR

	Statement of compliance
	These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

Statement of compliance

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

	Going concern
	At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for foreseeable future. Although the company has net current liabilities, an amount of £156,208 is owed to company directors. These balances will not be drawn if it would prejudice third-party creditors, thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for foreseeable future. Although the company has net current liabilities, an amount of £156,208 is owed to company directors. These balances will not be drawn if it would prejudice third-party creditors, thus the directors continue to adopt the going concern basis of accounting in preparing the financial
statements.

	Revenue from sale of goods
	Turnover represents the amount invoiced, excluding value added tax, adjusted for accrued revenue calculated by reference to the fair value of services performed to the balance sheet date but not invoiced.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


		Straight line (years)
	Fixtures and fittings	5

	Investment property
	Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently, it is measured at the fair value at the reporting end date. The surplus or deficit on revaluation is recognised in profit or loss. Where fair value cannot be achieved without undue cost or effort, investment property is accounted for as tangible fixed assets.

Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently, it is measured at the fair value at the reporting end date. The surplus or deficit on revaluation is recognised in profit or loss.
 
Where fair value cannot be achieved without undue cost or effort, investment property is accounted for as tangible fixed assets.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	0		0

3.	Tangible fixed assets

	Fixtures & fittings	Total
	£	£
Cost or valuation
At 01 February 24	1,124	1,124
At 31 January 25	1,124	1,124
Depreciation and impairment
At 01 February 24	806	806
Charge for year	224	224
At 31 January 25	1,030	1,030
Net book value
At 31 January 25	94	94
At 31 January 24	318	318

4.	Investment property


		£
	Fair value at 01 February 24	489,469
	At 31 January 25	489,469

5.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	2,135	2,135
Taxation and social security	827	1,013
Other creditors	149,924	154,612
Accrued liabilities and deferred income	400	360
Total	153,286	158,120


	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.

6.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	337,500	337,500
Total	337,500	337,500