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Company Registration No. 07534238 (England and Wales)
FJ CORPORATION LTD Unaudited accounts for the year ended 31 March 2023
FJ CORPORATION LTD Unaudited accounts Contents
Page
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FJ CORPORATION LTD Company Information for the year ended 31 March 2023
Director
Binish Qureshi
Company Number
07534238 (England and Wales)
Registered Office
International House 24 Holborn Viaduct London EC1A 2BN
Accountants
DananSarzin Chartered Accountants International House 24 Holborn Viaduct London EC1A 2BN
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FJ CORPORATION LTD Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
96,795 
33,594 
Investment property
16,385,000 
15,968,266 
Investments
2,046 
2,046 
16,483,841 
16,003,906 
Current assets
Debtors
5,477,608 
4,958,774 
Cash at bank and in hand
1,357 
159,804 
5,478,965 
5,118,578 
Creditors: amounts falling due within one year
(3,026,720)
(2,440,766)
Net current assets
2,452,245 
2,677,812 
Total assets less current liabilities
18,936,086 
18,681,718 
Creditors: amounts falling due after more than one year
(6,224,520)
(6,385,449)
Provisions for liabilities
Deferred tax
(1,659,678)
(1,655,691)
Net assets
11,051,888 
10,640,578 
Capital and reserves
Called up share capital
1 
1 
Revaluation reserve
7,511,870 
7,511,870 
Fair value reserve
828,235 
429,735 
Profit and loss account
2,711,782 
2,698,972 
Shareholders' funds
11,051,888 
10,640,578 
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 27 November 2023 and were signed on its behalf by
Binish Qureshi Director Company Registration No. 07534238
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FJ CORPORATION LTD Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
FJ CORPORATION LTD is a private company, limited by shares, registered in England and Wales, registration number 07534238. The registered office is International House, 24 Holborn Viaduct, London, EC1A 2BN.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred taxation
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 accounts. 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.
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FJ CORPORATION LTD Notes to the Accounts for the year ended 31 March 2023
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2022
152,401 
- 
152,401 
Additions
- 
88,914 
88,914 
At 31 March 2023
152,401 
88,914 
241,315 
Depreciation
At 1 April 2022
118,807 
- 
118,807 
Charge for the year
8,345 
17,368 
25,713 
At 31 March 2023
127,152 
17,368 
144,520 
Net book value
At 31 March 2023
25,249 
71,546 
96,795 
At 31 March 2022
33,594 
- 
33,594 
5
Investment property
2023 
£ 
Fair value at 1 April 2022
15,968,266 
Additions
18,234 
Net gain from fair value adjustments
398,500 
At 31 March 2023
16,385,000 
6
Investments
Subsidiary undertakings 
£ 
Valuation at 1 April 2022
2,046 
Valuation at 31 March 2023
2,046 
7
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
50,383 
15,935 
Accrued income and prepayments
18,000 
18,000 
Other debtors
5,409,225 
4,924,839 
5,477,608 
4,958,774 
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FJ CORPORATION LTD Notes to the Accounts for the year ended 31 March 2023
8
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
193,931 
130,000 
VAT
853,048 
760,244 
Obligations under finance leases and hire purchase contracts
7,033 
- 
Trade creditors
746,271 
291,643 
Taxes and social security
384,467 
441,373 
Other creditors
442,353 
483,741 
Loans from directors
55,351 
44 
Deferred income
344,266 
333,721 
3,026,720 
2,440,766 
9
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
6,174,520 
6,385,449 
Obligations under finance leases and hire purchase contracts
50,000 
- 
6,224,520 
6,385,449 
10
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
11
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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