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REGISTERED NUMBER: 09963009 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2023

for

SRJ Property Ltd

SRJ Property Ltd (Registered number: 09963009)






Contents of the Financial Statements
for the year ended 31 January 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SRJ Property Ltd

Company Information
for the year ended 31 January 2023







DIRECTOR: Miss J V Smith





SECRETARY:





REGISTERED OFFICE: 125 John Street
Sheffield
South Yorkshire
S2 4QX





REGISTERED NUMBER: 09963009 (England and Wales)





ACCOUNTANTS: Royston Parkin Limited
2 President Buildings
Savile Street East
Sheffield
South Yorkshire
S4 7UQ

SRJ Property Ltd (Registered number: 09963009)

Balance Sheet
31 January 2023

2023 2022
as restated
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 2,401,208 2,094,081

CURRENT ASSETS
Debtors 5 32,443 64,391
Cash at bank and in hand 5,089 30,276
37,532 94,667
CREDITORS
Amounts falling due within one year 6 606,379 580,234
NET CURRENT LIABILITIES (568,847 ) (485,567 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,832,361

1,608,514

CREDITORS
Amounts falling due after more than one
year

7

(1,045,671

)

(984,767

)

PROVISIONS FOR LIABILITIES (108,372 ) (73,351 )
NET ASSETS 678,318 550,396

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 678,317 550,395
678,318 550,396

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

SRJ Property Ltd (Registered number: 09963009)

Balance Sheet - continued
31 January 2023


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 22 September 2023 and were signed by:





Miss J V Smith - Director


SRJ Property Ltd (Registered number: 09963009)

Notes to the Financial Statements
for the year ended 31 January 2023

1. STATUTORY INFORMATION

SRJ Property Ltd 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.

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.

The investment property has been included at estimated market value. Valuations were conducted for mortgage purposes and the director states this value gives a true and fair view.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

SRJ Property Ltd (Registered number: 09963009)

Notes to the Financial Statements - continued
for the year ended 31 January 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - NIL ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2022 2,094,081
Additions 122,807
Revaluations 184,320
At 31 January 2023 2,401,208
NET BOOK VALUE
At 31 January 2023 2,401,208
At 31 January 2022 2,094,081

Fair value at 31 January 2023 is represented by:
£   
Valuation in 2020 1,461,508
Valuation in 2021 273,500
Valuation in 2022 359,073
Valuation in 2023 307,127
2,401,208

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
as restated
£    £   
Trade debtors 24,350 3,879
Other debtors 8,093 60,512
32,443 64,391

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
as restated
£    £   
Bank loans and overdrafts 33,704 27,844
Trade creditors 999 1,346
Amounts owed to group undertakings 561,866 534,034
Taxation and social security 7,887 14,997
Other creditors 1,923 2,013
606,379 580,234

SRJ Property Ltd (Registered number: 09963009)

Notes to the Financial Statements - continued
for the year ended 31 January 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
as restated
£    £   
Bank loans 1,042,671 981,767
Other creditors 3,000 3,000
1,045,671 984,767

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 912,804 869,459

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
as restated
£    £   
Bank loans 1,076,375 1,009,611