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REGISTERED NUMBER: 02847224 (England and Wales)















Financial Statements for the Year Ended 31st March 2024

for

SJP Group Limited

SJP Group Limited (Registered number: 02847224)

Contents of the Financial Statements
for the Year Ended 31st March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SJP Group Limited

Company Information
for the Year Ended 31st March 2024







DIRECTORS: A R Pritchard
R M Weller



REGISTERED OFFICE: The Lodge St James Oaks
Trafalgar Road
Gravesend
Kent
DA11 0QT



REGISTERED NUMBER: 02847224 (England and Wales)



ACCOUNTANTS: Beak Kemmenoe
Chartered Accountants
1-3 Manor Road
Chatham
Kent
ME4 6AE



BANKERS: Lloyds TSB
78 New Road
Gravesend
Kent
DA11 0AR

SJP Group Limited (Registered number: 02847224)

Balance Sheet
31st March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 512,400 1,026,900
Investments 5 18,300 18,300
Investment property 6 449,975 449,975
980,675 1,495,175

CURRENT ASSETS
Debtors 7 260,939 351,478
Cash at bank and in hand 48,318 2,126
309,257 353,604
CREDITORS
Amounts falling due within one year 8 201,536 247,068
NET CURRENT ASSETS 107,721 106,536
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,088,396

1,601,711

CREDITORS
Amounts falling due after more than one
year

9

-

625,439
NET ASSETS 1,088,396 976,272

CAPITAL AND RESERVES
Called up share capital 200 200
Other reserves 881,371 881,371
Retained earnings 206,825 94,701
1,088,396 976,272

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 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.

SJP Group Limited (Registered number: 02847224)

Balance Sheet - continued
31st March 2024


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 29th July 2024 and were signed on its behalf by:





A R Pritchard - Director


SJP Group Limited (Registered number: 02847224)

Notes to the Financial Statements
for the Year Ended 31st March 2024


1. STATUTORY INFORMATION

SJP Group 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 represents net invoiced commissions, excluding value added tax, plus ground rents.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - Nil
Plant and machinery etc - 33% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at their valuation on 10 June 2008.

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 2 (2023 - 2 ) .

SJP Group Limited (Registered number: 02847224)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2024


4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1st April 2023 1,026,900 10,197 1,037,097
Disposals (514,500 ) - (514,500 )
At 31st March 2024 512,400 10,197 522,597
DEPRECIATION
At 1st April 2023
and 31st March 2024 - 10,197 10,197
NET BOOK VALUE
At 31st March 2024 512,400 - 512,400
At 31st March 2023 1,026,900 - 1,026,900

Cost or valuation at 31st March 2024 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2008 373,500 - 373,500
Valuation in 2019 118,500 - 118,500
Valuation in 2020 400 - 400
Cost 20,000 10,197 30,197
512,400 10,197 522,597

Freehold land and buildings, investment properties and other fixed asset investments were valued at £1,133,500 by Caxtons Chartered Surveyors, on 10 June 2008 on an open market, existing use basis. The directors split this valuation between the three classes of assets. Freehold land and buildings was valued at £393,500.

Freehold land and buildings and investment properties were valued at £1,094,000 by Caxtons Chartered Surveyors, on 14 December 2018 on an open market, existing use basis.

Freehold land and buildings and investment properties were valued at £1,150,000 by Caxtons Chartered Surveyors, on 6 February 2020 on an open market, existing use basis.

The directors are of the opinion that these valuations represent the current value at 31 March 2023.

SJP Group Limited (Registered number: 02847224)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2024


5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST OR VALUATION
At 1st April 2023
and 31st March 2024 18,300
NET BOOK VALUE
At 31st March 2024 18,300
At 31st March 2023 18,300

Cost or valuation at 31st March 2024 is represented by:

Shares in
group
undertakings
£   
Valuation in 2008 18,215
Cost 85
18,300

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Landbridge Limited
Registered office: England and Wales
Nature of business: Property management
%
Class of shares: holding
Ordinary £1 85.00
2024 2023
£    £   
Aggregate capital and reserves 187,938 165,434
Profit for the year 62,504 32,367

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st April 2023
and 31st March 2024 449,975
NET BOOK VALUE
At 31st March 2024 449,975
At 31st March 2023 449,975

SJP Group Limited (Registered number: 02847224)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2024


6. INVESTMENT PROPERTY - continued

Fair value at 31st March 2024 is represented by:
£   
Valuation in 2008 340,882
Valuation in 2019 82,200
Valuation in 2020 56,300
Valuation in 2023 (108,625 )
Cost 79,218
449,975

Investment properties consist of a valuation based on income receivable from ground rents and the company's interest in a number of leasehold properties. When a leaseholder sells a unit, he may sell his share to the company or the entire unit to a third party in which case the company would be entitled to a share of the proceeds.

As detailed in note 6, the properties were professionally valued in February 2020.

During the year, a review was carried out on the valuation of the equity interests in properties and following on from this a reduction to the valuation was carried out.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 500 2,930
Other debtors and prepayments 260,439 348,548
260,939 351,478

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 10,000
Trade creditors 10,567 12,817
Amounts owed to group undertakings 146,658 95,240
Taxation and social security 36,021 6,378
Other creditors and accruals 8,290 122,633
201,536 247,068

It is unlikely that the full amount due to group undertakings will be settled within one year of the balance sheet date.

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 29,156
Other loans - 596,283
- 625,439

SJP Group Limited (Registered number: 02847224)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2024


10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Other loans - 596,283

The loan is secured on the freehold land and buildings by way of fixed and floating charges.

11. ULTIMATE CONTROLLING PARTY

The controlling party is A R Pritchard.