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REGISTERED NUMBER: 10634664 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 December 2023

for

SJC Property Holding Ltd

SJC Property Holding Ltd (Registered number: 10634664)

Contents of the Financial Statements
for the Year Ended 31 December 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


SJC Property Holding Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTOR: Ms V L Cox



REGISTERED OFFICE: 1 Elmira Road
Gloucester
GL4 6TH



REGISTERED NUMBER: 10634664 (England and Wales)



ACCOUNTANTS: HATS Gloucester Ltd
48 Hucclecote Road
Gloucester
Gloucestershire
GL3 3RS



BANKERS: National Westminster Bank Plc
21 Eastgate Street
Gloucester
GL1 1NH

SJC Property Holding Ltd (Registered number: 10634664)

Statement of Financial Position
31 December 2023

31/12/23 31/12/22
Notes £    £    £    £   
FIXED ASSETS
Investments 4 1 1
Investment property 5 666,174 666,174
666,175 666,175

CURRENT ASSETS
Debtors 6 131,106 157,212
Cash at bank 1,789 5,775
132,895 162,987
CREDITORS
Amounts falling due within one year 7 115,965 50,474
NET CURRENT ASSETS 16,930 112,513
TOTAL ASSETS LESS CURRENT
LIABILITIES

683,105

778,688

CREDITORS
Amounts falling due after more than one
year

8

(238,313

)

(252,451

)

PROVISIONS FOR LIABILITIES (29,397 ) (29,364 )
NET ASSETS 415,395 496,873

CAPITAL AND RESERVES
Called up share capital 1 1
Fair value reserve 95,653 95,620
Retained earnings 319,741 401,252
SHAREHOLDERS' FUNDS 415,395 496,873

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

SJC Property Holding Ltd (Registered number: 10634664)

Statement of Financial Position - continued
31 December 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 director and authorised for issue on 27 August 2024 and were signed by:





Ms V L Cox - Director


SJC Property Holding Ltd (Registered number: 10634664)

Notes to the Financial Statements
for the Year Ended 31 December 2023


1. STATUTORY INFORMATION

SJC Property Holding Ltd 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.

Preparation of consolidated financial statements
The financial statements contain information about SJC Property Holding Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

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

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus of deficit arising from changes in fair value is recognised in the Income Statement.

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 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 NIL (2022 - NIL).

SJC Property Holding Ltd (Registered number: 10634664)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


4. FIXED ASSET INVESTMENTS
Shares in
group
undertaking
£   
Cost
At 1 January 2023
and 31 December 2023 1
Net book value
At 31 December 2023 1
At 31 December 2022 1

5. INVESTMENT PROPERTY
Total
£   
Fair value
At 1 January 2023
and 31 December 2023 666,174
Net book value
At 31 December 2023 666,174
At 31 December 2022 666,174

If investment property had not been revalued it would have been included at the historical cost of £541,188 (2022- £541,188).

The director appointed local property agents to value the investment property in December 2023, with the valuations remaining the same as the prior year.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Amounts owed by group undertakings - 21,144
Other debtors 131,106 136,068
131,106 157,212

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Bank loans and overdrafts 28,573 27,061
Trade creditors - 703
Amounts owed to group undertakings 60,205 -
Taxation and social security 26,225 22,050
Other creditors 962 660
115,965 50,474

SJC Property Holding Ltd (Registered number: 10634664)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/12/23 31/12/22
£    £   
Bank loans 238,313 252,451

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 124,021 144,205

9. SECURED DEBTS

The following secured debts are included within creditors:

31/12/23 31/12/22
£    £   
Bank loans 266,886 279,512

The bank loans are secured by fixed charges over the company's investment properties. The bank also holds a fixed and floating charge over the company's assets and those of Transitions Supported Living Ltd, a subsidiary company of SJC Property Holding Ltd.

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

31/12/23 31/12/22
£    £   
Ms V L Cox
Balance outstanding at start of year 102,214 49,554
Amounts advanced 78,185 142,660
Amounts repaid (85,000 ) (90,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 95,399 102,214

Included in other debtors at 31 December 2023, is £95,399 (2022 - £102,214) owed to the company by the above director. The loan has no fixed repayment terms and interest has been charged at HM Revenue & Custom's official rate of interest.

11. RELATED PARTY DISCLOSURES

Transitions Supported Living Ltd
A wholly owned subsidiary of SJC Property Holding Ltd

During the period, Transitions Supported Living Ltd loaned funds to the company. At 31 December 2023, the loan balance due to it's subsidiary was £60,205 (2022 - £21,144 owed from it's subsidiary). The loan is interest free and has no fixed repayment terms.