Silverfin false 31/12/2022 01/01/2022 31/12/2022 Renate Fernandez 16/06/1995 Denzil Fernandez 16/06/1995 Peter Ferrari 20/02/2023 29 September 2023 no description of principal activity 00856081 2022-12-31 00856081 bus:Director1 2022-12-31 00856081 bus:Director2 2022-12-31 00856081 bus:Director3 2022-12-31 00856081 2021-12-31 00856081 core:CurrentFinancialInstruments 2022-12-31 00856081 core:CurrentFinancialInstruments 2021-12-31 00856081 core:ShareCapital 2022-12-31 00856081 core:ShareCapital 2021-12-31 00856081 core:SharePremium 2022-12-31 00856081 core:SharePremium 2021-12-31 00856081 core:CapitalRedemptionReserve 2022-12-31 00856081 core:CapitalRedemptionReserve 2021-12-31 00856081 core:RetainedEarningsAccumulatedLosses 2022-12-31 00856081 core:RetainedEarningsAccumulatedLosses 2021-12-31 00856081 core:OtherPropertyPlantEquipment 2021-12-31 00856081 core:OtherPropertyPlantEquipment 2022-12-31 00856081 core:CostValuation 2021-12-31 00856081 core:AdditionsToInvestments 2022-12-31 00856081 core:DisposalsRepaymentsInvestments 2022-12-31 00856081 core:RevaluationsIncreaseDecreaseInInvestments 2022-12-31 00856081 core:CostValuation 2022-12-31 00856081 core:ProvisionsForImpairmentInvestments 2021-12-31 00856081 core:ImpairmentLossProvisionsForImpairmentInvestments 2022-12-31 00856081 core:ProvisionsForImpairmentInvestments 2022-12-31 00856081 1 2022-12-31 00856081 1 2021-12-31 00856081 2022-01-01 2022-12-31 00856081 bus:FullAccounts 2022-01-01 2022-12-31 00856081 bus:SmallEntities 2022-01-01 2022-12-31 00856081 bus:AuditExempt-NoAccountantsReport 2022-01-01 2022-12-31 00856081 bus:PrivateLimitedCompanyLtd 2022-01-01 2022-12-31 00856081 bus:Director1 2022-01-01 2022-12-31 00856081 bus:Director2 2022-01-01 2022-12-31 00856081 bus:Director3 2022-01-01 2022-12-31 00856081 core:OtherPropertyPlantEquipment core:TopRangeValue 2022-01-01 2022-12-31 00856081 2021-01-01 2021-12-31 00856081 core:OtherPropertyPlantEquipment 2022-01-01 2022-12-31 iso4217:GBP xbrli:pure

Company No: 00856081 (England and Wales)

N J A LIMITED

Unaudited Financial Statements
For the financial period ended 31 December 2022
Pages for filing with the registrar

N J A LIMITED

Unaudited Financial Statements

For the financial period ended 31 December 2022

Contents

N J A LIMITED

COMPANY INFORMATION

For the financial period ended 31 December 2022
N J A LIMITED

COMPANY INFORMATION (continued)

For the financial period ended 31 December 2022
DIRECTORS Renate Fernandez
Denzil Fernandez
Peter Ferrari
SECRETARY Denzil Fernandez
REGISTERED OFFICE 22 Chancery Lane
London
WC2A 1LS
United Kingdom
COMPANY NUMBER 00856081 (England and Wales)
N J A LIMITED

BALANCE SHEET

As at 31 December 2022
N J A LIMITED

BALANCE SHEET (continued)

As at 31 December 2022
Note 2022 2021
£ £
Fixed assets
Tangible assets 3 2,058 3,288
Investment property 4 6,597,800 6,597,800
Investments 5 460,730 597,305
7,060,588 7,198,393
Current assets
Debtors 6 3,744 14,101
Investments 7 3,502,784 4,703,978
Cash at bank and in hand 393,733 466,428
3,900,261 5,184,507
Creditors: amounts falling due within one year 8 ( 572,552) ( 600,408)
Net current assets 3,327,709 4,584,099
Total assets less current liabilities 10,388,297 11,782,492
Provision for liabilities ( 1,129,841) ( 1,138,047)
Net assets 9,258,456 10,644,445
Capital and reserves
Called-up share capital 254,759 314,032
Share premium account 59,516 119,516
Capital redemption reserve 119,273 0
Profit and loss account 8,824,908 10,210,897
Total shareholders' funds 9,258,456 10,644,445

For the financial period ending 31 December 2022 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of N J A Limited (registered number: 00856081) were approved and authorised for issue by the Board of Directors on 29 September 2023. They were signed on its behalf by:

Denzil Fernandez
Director
N J A LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period ended 31 December 2022
N J A LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period ended 31 December 2022
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period and to the preceding financial period, unless otherwise stated.

General information and basis of accounting

N J A Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 25 Thurloe Street, London, SW7 2LQ, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the company and rounded to the nearest £.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Profit and Loss Account in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Within Turnover is rental income from investment properties. This represents rental income receivable during the year, exclusive of value added tax. Income is recognised evenly over the terms of the lease.

Dividends are recognised in the period in which the company becomes entitled to the dividend.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property, at rates calculated to write off the cost, of each asset on a straight-line basis over its expected useful life, as follows:

Plant and machinery etc. 4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

The fair value is determined annually by the directors, on an open market value for existing use basis.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

2. Employees

2022 2021
Number Number
Monthly average number of persons employed by the Company during the period, including directors 2 2

3. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 January 2022 109,936 109,936
At 31 December 2022 109,936 109,936
Accumulated depreciation
At 01 January 2022 106,648 106,648
Charge for the financial period 1,230 1,230
At 31 December 2022 107,878 107,878
Net book value
At 31 December 2022 2,058 2,058
At 31 December 2021 3,288 3,288

4. Investment property

Investment property
£
Valuation
As at 01 January 2022 6,597,800
As at 31 December 2022 6,597,800

The historical cost of the investment properties is £314,471 (2021 - £314,471).

5. Fixed asset investments

Listed investments Other investments Total
£ £ £
Carrying value before impairment
At 01 January 2022 337,597 259,708 597,305
Additions 272,434 0 272,434
Disposals ( 179,202) 0 ( 179,202)
Movement in fair value 29,901 0 29,901
At 31 December 2022 460,730 259,708 720,438
Provisions for impairment
At 01 January 2022 0 0 0
Impairment 0 259,708 259,708
At 31 December 2022 0 259,708 259,708
Carrying value at 31 December 2022 460,730 0 460,730
Carrying value at 31 December 2021 337,597 259,708 597,305

The fair value of listed investments was determined with reference to the quoted market price at the reporting date. The cost of the shares on acquisition was £431,774 (2021 - £264,506).

6. Debtors

2022 2021
£ £
Other debtors 3,744 14,101

7. Current asset investments

2022 2021
£ £
NatWest Treasury reserve 3,502,784 4,703,978

8. Creditors: amounts falling due within one year

2022 2021
£ £
Trade creditors 5,703 12,038
Taxation and social security 60,379 81,954
Other creditors 506,470 506,416
572,552 600,408

9. Related party transactions

Transactions with the entity's directors

2022 2021
£ £
Balance outstanding at start of period (147,715) (153,793)
Amounts advanced 64,555 22,451
Amounts repaid (54,026) (16,373)
Balance outstanding at end of period 158,244 (147,715)

10. Ultimate controlling party

Two of the directors hold sufficient shares to exercise control over the company.