Caseware UK (AP4) 2022.0.179 2022.0.179 2023-07-312023-07-310The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.true2022-07-11falseInvestment property company2false 14225562 2022-07-10 14225562 2022-07-11 2023-07-31 14225562 2021-07-11 2022-07-10 14225562 2023-07-31 14225562 c:Director1 2022-07-11 2023-07-31 14225562 d:FreeholdInvestmentProperty 2022-07-11 2023-07-31 14225562 d:FreeholdInvestmentProperty 2023-07-31 14225562 d:CurrentFinancialInstruments 2023-07-31 14225562 d:Non-currentFinancialInstruments 2023-07-31 14225562 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 14225562 d:Non-currentFinancialInstruments d:AfterOneYear 2023-07-31 14225562 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-07-31 14225562 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-07-31 14225562 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-07-31 14225562 d:ShareCapital 2023-07-31 14225562 d:RetainedEarningsAccumulatedLosses 2023-07-31 14225562 c:OrdinaryShareClass1 2022-07-11 2023-07-31 14225562 c:OrdinaryShareClass1 2023-07-31 14225562 c:FRS102 2022-07-11 2023-07-31 14225562 c:AuditExempt-NoAccountantsReport 2022-07-11 2023-07-31 14225562 c:FullAccounts 2022-07-11 2023-07-31 14225562 c:PrivateLimitedCompanyLtd 2022-07-11 2023-07-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 14225562










SJD PROPERTY LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 JULY 2023

 
SJD PROPERTY LIMITED
REGISTERED NUMBER: 14225562

BALANCE SHEET
AS AT 31 JULY 2023

2023
Note
£

Fixed assets
  

Investment property
 4 
911,375

  
911,375

Current assets
  

Debtors: amounts falling due within one year
 5 
559

Cash at bank and in hand
 6 
431

  
990

Creditors: amounts falling due within one year
 7 
(289,360)

Net current (liabilities)/assets
  
 
 
(288,370)

Total assets less current liabilities
  
623,005

Creditors: amounts falling due after more than one year
 8 
(650,417)

  

Net (liabilities)/assets
  
(27,412)


Capital and reserves
  

Called up share capital 
 10 
100

Profit and loss account
  
(27,512)

  
(27,412)


Page 1

 
SJD PROPERTY LIMITED
REGISTERED NUMBER: 14225562
    
BALANCE SHEET (CONTINUED)
AS AT 31 JULY 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 16 February 2024.




................................................
R H Devine
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
SJD PROPERTY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2023

1.


General information

SJD Property Limited is a private company, limited by shares, registered in England and Wales, registration number 14225562.                                                                                                            

The Company's registered office and principal place of business is Unit 19 Ro24, Twizel Close, Stonebridge, Milton Keynes, MK13 0DX.
The Company incorporated on 11 July 2022, therefore the financial statements reflect a period of more than 12 months.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Page 3

 
SJD PROPERTY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2023

2.Accounting policies (continued)

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the period in which they are incurred.

 
2.6

Investment property

Investment property is carried at fair value determined annually by the directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 4

 
SJD PROPERTY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2023

2.Accounting policies (continued)

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.10

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.

Investments in non-derivative instruments that are equity to the issuer are measured:
at fair value with changes recognised in the Statement of income and retained earnings if the shares are publicly traded or their fair value can otherwise be measured reliably;
at cost less impairment for all other investments.


3.


Employees

The average monthly number of employees, including directors, during the period was 2.

Page 5

 
SJD PROPERTY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2023

4.


Investment property


Freehold investment property

£



Valuation


Additions at cost
911,375



At 31 July 2023
911,375

The 2023 valuation is, in the opinion of the directors, reflective of the market value of similar properties in the area as at the year end and beyond and as such does not require amendment.



If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2023
£


Historic cost
911,125

911,125


5.


Debtors

2023
£


Other debtors
100

Prepayments and accrued income
459

559



6.


Cash and cash equivalents

2023
£

Cash at bank and in hand
431


Page 6

 
SJD PROPERTY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2023

7.


Creditors: Amounts falling due within one year

2023
£

Bank loans
11,375

Trade creditors
473

Other taxation and social security
2,262

Other creditors
265,375

Accruals and deferred income
9,875

289,360


The following liabilities were secured:

2023
£



Bank loans
11,375

Details of security provided:

The bank loans are secured against the properties to which the loans relate.


8.


Creditors: Amounts falling due after more than one year

2023
£

Bank loans
650,417


The following liabilities were secured:

2023
£



Bank loans
650,417

Details of security provided:

The bank loans are secured against the properties to which the loans relate.

Page 7

 
SJD PROPERTY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2023

9.


Loans


Analysis of the maturity of loans is given below:


2023
£

Amounts falling due within one year

Bank loans
11,375


11,375

Amounts falling due 1-2 years

Bank loans
11,375


11,375

Amounts falling due 2-5 years

Bank loans
34,124


34,124

Amounts falling due after more than 5 years

Bank loans
604,918

604,918

661,792



10.


Share capital

2023
£
Allotted, called up and fully paid


100 Ordinary shares of £1.00 each
100


On incorporation, 100 ordinary shares were issued at par. 

 
Page 8