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REGISTERED NUMBER: 05991027 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

SJF Estates Limited

SJF Estates Limited (Registered number: 05991027)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 8

SJF Estates Limited

Company Information
for the Year Ended 30 November 2023







DIRECTORS: Mr S J Fuller
Mrs G S Fuller





SECRETARY: Mr S J Fuller





REGISTERED OFFICE: Church Farm
Great Hale
Sleaford
Lincolnshire
NG34 9LL





REGISTERED NUMBER: 05991027 (England and Wales)





ACCOUNTANTS: Prestige Accounting Limited T/A Simon Moss & Co
The Finance Centre
34a Southgate
Sleaford
Lincolnshire
NG34 7RY

SJF Estates Limited (Registered number: 05991027)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 271 535
Investment property 5 535,000 535,000
535,271 535,535

CURRENT ASSETS
Debtors 6 2,864 4,087
Cash at bank 6,304 3,716
9,168 7,803
CREDITORS
Amounts falling due within one year 7 40,718 30,516
NET CURRENT LIABILITIES (31,550 ) (22,713 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

503,721

512,822

CREDITORS
Amounts falling due after more than one
year

8

(259,527

)

(276,327

)

PROVISIONS FOR LIABILITIES (7,924 ) (7,975 )
NET ASSETS 236,270 228,520

CAPITAL AND RESERVES
Called up share capital 10 10
Other reserves 11 94,405 94,405
Retained earnings 11 141,855 134,105
SHAREHOLDERS' FUNDS 236,270 228,520

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.

SJF Estates Limited (Registered number: 05991027)

Balance Sheet - 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 August 2024 and were signed on its behalf by:





Mr S J Fuller - Director


SJF Estates Limited (Registered number: 05991027)

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

1. STATUTORY INFORMATION

SJF Estates 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.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost

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.

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.

3. EMPLOYEES AND DIRECTORS

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

SJF Estates Limited (Registered number: 05991027)

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

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 December 2022
and 30 November 2023 32,759 - 32,759
DEPRECIATION
At 1 December 2022 31,960 264 32,224
Charge for year - 264 264
At 30 November 2023 31,960 528 32,488
NET BOOK VALUE
At 30 November 2023 799 (528 ) 271
At 30 November 2022 799 (264 ) 535

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2022
and 30 November 2023 535,000
NET BOOK VALUE
At 30 November 2023 535,000
At 30 November 2022 535,000

Fair value at 30 November 2023 is represented by:
£   
Valuation in 2010 4,261
Valuation in 2017 28,017
Valuation in 2018 70,000
Cost 432,722
535,000

The company has two investment properties one of the investment properties were valued on an open market basis on 30 November 2018 by the directors at £150,000 and other property was valued on an open market investment basis on 23 January 2019 by Scanlans Consultant Surveyors LLP and valuers at £385,000.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 656 1,896
Other debtors 2,208 2,191
2,864 4,087

SJF Estates Limited (Registered number: 05991027)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Taxation and social security 5,707 5,955
Other creditors 35,011 24,561
40,718 30,516

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.23 30.11.22
£    £   
Bank loans (see note 9) 243,054 243,054
Other creditors 16,473 33,273
259,527 276,327

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 243,054 243,054

9. 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:
Other loans 20,050 9,600

Amounts falling due in more than five years:
Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 243,054 243,054

The bank loans are interest only, repayment of a loan of £86,335 is due in February 2032 and repayment of a loan of £156,719 is due in June 2034.

10. SECURED DEBTS

The following secured debts are included within creditors:

30.11.23 30.11.22
£    £   
Bank loans 243,054 243,054

The bank loans are secured by a charge over the freehold properties owned by the company.

SJF Estates Limited (Registered number: 05991027)

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

11. RESERVES
Retained Other
earnings reserves Totals
£    £    £   

At 1 December 2022 134,105 94,405 228,510
Profit for the year 23,050 23,050
Dividends (15,300 ) (15,300 )
At 30 November 2023 141,855 94,405 236,260

The other reserves are non-distributable being the unrealised gains on the company's investment properties.

SJF Estates Limited

Report of the Accountants to the Directors of
SJF Estates Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 November 2023 set out on pages three to nine and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Prestige Accounting Limited T/A Simon Moss & Co
The Finance Centre
34a Southgate
Sleaford
Lincolnshire
NG34 7RY


27 August 2024