Silverfin false 31/05/2023 01/06/2022 31/05/2023 K Jones 16/12/2015 S F Jones 12/11/2010 30 October 2023 The principal activity of the Company during the financial year was other letting and operations of own or leased real estate. 07438467 2023-05-31 07438467 bus:Director1 2023-05-31 07438467 bus:Director2 2023-05-31 07438467 2022-05-31 07438467 core:CurrentFinancialInstruments 2023-05-31 07438467 core:CurrentFinancialInstruments 2022-05-31 07438467 core:Non-currentFinancialInstruments 2023-05-31 07438467 core:Non-currentFinancialInstruments 2022-05-31 07438467 core:ShareCapital 2023-05-31 07438467 core:ShareCapital 2022-05-31 07438467 core:RetainedEarningsAccumulatedLosses 2023-05-31 07438467 core:RetainedEarningsAccumulatedLosses 2022-05-31 07438467 core:InvestmentPropertyIncludedWithinPPE 2022-05-31 07438467 core:InvestmentPropertyIncludedWithinPPE 2023-05-31 07438467 2022-06-01 2023-05-31 07438467 bus:FullAccounts 2022-06-01 2023-05-31 07438467 bus:SmallEntities 2022-06-01 2023-05-31 07438467 bus:AuditExemptWithAccountantsReport 2022-06-01 2023-05-31 07438467 bus:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31 07438467 bus:Director1 2022-06-01 2023-05-31 07438467 bus:Director2 2022-06-01 2023-05-31 07438467 2021-06-01 2022-05-31 07438467 core:Non-currentFinancialInstruments 2022-06-01 2023-05-31 iso4217:GBP xbrli:pure

Company No: 07438467 (England and Wales)

SFJ PROPERTY LIMITED

Unaudited Financial Statements
For the financial year ended 31 May 2023
Pages for filing with the registrar

SFJ PROPERTY LIMITED

Unaudited Financial Statements

For the financial year ended 31 May 2023

Contents

SFJ PROPERTY LIMITED

BALANCE SHEET

As at 31 May 2023
SFJ PROPERTY LIMITED

BALANCE SHEET (continued)

As at 31 May 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 543,934 543,934
543,934 543,934
Current assets
Cash at bank and in hand 25,619 25,511
25,619 25,511
Creditors: amounts falling due within one year 4 ( 20,538) ( 22,829)
Net current assets 5,081 2,682
Total assets less current liabilities 549,015 546,616
Creditors: amounts falling due after more than one year 5 ( 490,000) ( 530,000)
Net assets 59,015 16,616
Capital and reserves
Called-up share capital 10 10
Profit and loss account 59,005 16,606
Total shareholders' funds 59,015 16,616

For the financial year ending 31 May 2023 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 SFJ Property Limited (registered number: 07438467) were approved and authorised for issue by the Board of Directors on 30 October 2023. They were signed on its behalf by:

S F Jones
Director
SFJ PROPERTY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 May 2023
SFJ PROPERTY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 May 2023
1. Accounting policies

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

General information and basis of accounting

SFJ Property 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 Towngate House, 2-8 Parkstone Road, Poole, BH15 2PW, United Kingdom. The principal place of business is 29-30 Sopley, Mill Lane, Sopley, Christchurch, Dorset, BH23 7AU.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and 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 £.

Turnover

Turnover comprises the fair value of the consideration received or receivable for rental income in the ordinary course of the company's activities.
The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for the company's activities.

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.

Tangible fixed assets

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

Investment property not depreciated

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.

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.

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.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Tangible assets

Investment property Total
£ £
Cost
At 01 June 2022 543,934 543,934
At 31 May 2023 543,934 543,934
Accumulated depreciation
At 01 June 2022 0 0
At 31 May 2023 0 0
Net book value
At 31 May 2023 543,934 543,934
At 31 May 2022 543,934 543,934

4. Creditors: amounts falling due within one year

2023 2022
£ £
Amounts owed to directors 5,350 8,972
Accruals 3,868 4,199
Corporation tax 11,320 9,658
20,538 22,829

5. Creditors: amounts falling due after more than one year

2023 2022
£ £
Other creditors 490,000 530,000

There are no amounts included above in respect of which any security has been given by the small entity.