Joel Developments Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 03679790 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 October 2024

for

Joel Developments Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

R A Josephs

REGISTERED OFFICE:

67 Westow Street

London

SE19 3RW

REGISTERED NUMBER:

03679790 (England and Wales)

ACCOUNTANTS:

Thornton Springer LLP

Chartered Accountants

67 Westow Street

London

United Kingdom

SE19 3RW

FIXED ASSETS

Tangible assets

5

-

Investments

6

3,000

CURRENT ASSETS

Debtors

7

477,875

477,878

Cash at bank

177

1,488

478,052

479,366

CREDITORS

Amounts falling due within one year

8

476,183

476,106

NET CURRENT ASSETS

1,869

3,260

TOTAL ASSETS LESS CURRENT
LIABILITIES

4,869

6,260

CREDITORS

Amounts falling due after more than one year

9

2,000

5,000

NET ASSETS

2,869

1,260

CAPITAL AND RESERVES

Called up share capital

2

Retained earnings

2,867

1,258

SHAREHOLDERS' FUNDS

2,869

1,260

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

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

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 October 2025 and were signed by:

R A Josephs - Director

1.	STATUTORY INFORMATION

Joel Developments 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Tangible fixed assets

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

Fixtures and fittings

-

20% on cost

Computer equipment

-

33% on cost

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

COST

At 1 November 2023

and 31 October 2024

1,069

7,316

8,385

DEPRECIATION

At 1 November 2023

and 31 October 2024

1,069

7,316

8,385

NET BOOK VALUE

At 31 October 2024

-

At 31 October 2023

-

6.	FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:

31.10.24

31.10.23

£

Freehold title

3,000

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.24

31.10.23

£

Other debtors

477,875

477,878

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.24

31.10.23

£

Bank loans and overdrafts

3,000

Trade creditors

2,870

2,004

Taxation and social security

40,540

38,245

Other creditors

429,773

432,857

476,183

476,106

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.10.24

31.10.23

£

Bank loans

2,000

5,000

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2024 and 31 October 2023:

31.10.24

31.10.23

£

R A Josephs

Balance outstanding at start of year

367,232

367,295

Amounts advanced

38,947

9,294

Amounts repaid

(38,950

)

(9,357

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

367,229

367,232

Interest is charged on the directors' advances at 2.5% per annum.

11.	RELATED PARTY DISCLOSURES

Other creditors include £308,230 (2023 - £306,473) owing to Joel Investments Ltd, and £107,915 (2023 - £104,915) owing to Lower Mash Ltd, which are connected companies.