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REGISTERED NUMBER: 12331247 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

Sj Futures Limited

Sj Futures Limited (Registered number: 12331247)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Sj Futures Limited

Company Information
for the Year Ended 30 November 2023







DIRECTORS: Mrs R K Dhaliwal
D H Ghussar Dhaliwal





REGISTERED OFFICE: Unit 25 Sarum Complex
Salisbury Road, 1st Floor
Uxbridge
UB8 2RZ





REGISTERED NUMBER: 12331247 (England and Wales)





ACCOUNTANTS: Integral Associates Limited
Unit 25 Sarum Complex
Salisbury Road
Uxbridge
Middlesex
UB8 2RZ

Sj Futures Limited (Registered number: 12331247)

Statement of Financial Position
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 640,331 640,331

CURRENT ASSETS
Cash at bank 10,207 7,593

CREDITORS
Amounts falling due within one year 5 128,298 141,157
NET CURRENT LIABILITIES (118,091 ) (133,564 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

522,240

506,767

CREDITORS
Amounts falling due after more than
one year

6

558,773

554,735
NET LIABILITIES (36,533 ) (47,968 )

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 (36,633 ) (48,068 )
SHAREHOLDERS' FUNDS (36,533 ) (47,968 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Sj Futures Limited (Registered number: 12331247)

Statement of Financial Position - continued
30 November 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 August 2024 and were signed on its behalf by:





D H Ghussar Dhaliwal - Director


Sj Futures Limited (Registered number: 12331247)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Sj Futures Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 1 ) .

Sj Futures Limited (Registered number: 12331247)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
At 1 December 2022
and 30 November 2023 640,331
NET BOOK VALUE
At 30 November 2023 640,331
At 30 November 2022 640,331

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts (see note 7)
20,185

24,241
Directors' current accounts 106,913 109,713
Accruals and deferred income - 6,003
Accrued expenses 1,200 1,200
128,298 141,157

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans (see note 7) 558,773 554,735

7. LOANS

An analysis of the maturity of loans is given below:

30.11.23 30.11.22
£    £   
Amounts falling due within one year or on demand:
Bank loans 20,185 24,241

Amounts falling due between two and five years:
Bank loans - 2-5 years 558,773 554,735

Sj Futures Limited (Registered number: 12331247)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.23 30.11.22
value: £    £   
100 Ordinary Shares £1 100 100

9. RESERVES
Retained
earnings
£   

At 1 December 2022 (48,068 )
Profit for the year 11,435
At 30 November 2023 (36,633 )