REGISTERED NUMBER: 03679790 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 October 2025

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

3,000

3,000

3,000

CURRENT ASSETS

Debtors

7

562,683

477,875

Cash at bank

267

177

562,950

478,052

CREDITORS

Amounts falling due within one year

8

(563,484

)

(476,183

)

NET CURRENT (LIABILITIES)/ASSETS

(534

)

1,869

TOTAL ASSETS LESS CURRENT LIABILITIES

2,466

4,869

CREDITORS

Amounts falling due after more than one year

9

-

(2,000

)

NET ASSETS

2,466

2,869

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

2,464

2,867

SHAREHOLDERS' FUNDS

2,466

2,869

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2025 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 26 October 2026 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 (2024 - 1 ) .

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 November 2024

and 31 October 2025

1,069

7,316

8,385

DEPRECIATION

At 1 November 2024

and 31 October 2025

1,069

7,316

8,385

NET BOOK VALUE

At 31 October 2025

-

-

-

At 31 October 2024

-

-

-

6.	FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:

31.10.25

31.10.24

£

£

Freehold title

3,000

3,000

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

£

Other debtors

562,683

477,875

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

£

Bank loans and overdrafts

2,000

3,000

Trade creditors

1,455

2,870

Taxation and social security

22,050

40,540

Other creditors

537,979

429,773

563,484

476,183

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.10.25

31.10.24

£

£

Bank loans

-

2,000

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2025 and 31 October 2024:

31.10.25

31.10.24

£

£

R A Josephs

Balance outstanding at start of year

367,229

367,232

Amounts advanced

106,608

38,947

Amounts repaid

(43,200

)

(38,950

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

430,637

367,229

Interest is charged on the directors' advances at 3.125% per annum.

11.	RELATED PARTY DISCLOSURES

Other creditors include £413,649 (2024 - £308,230) owing to Joel Investments Ltd, and £107,915 (2024 - £107,915) owing to Lower Mash Ltd, which are connected companies.