Silverfin false false 31/12/2023 01/01/2023 31/12/2023 Denzil Fernandez Renate Fernandez 03/03/2024 16/06/1995 Peter Ferrari 20/02/2023 30 August 2024 no description of principal activity 00856081 2023-12-31 00856081 bus:Director2 2023-12-31 00856081 bus:Director3 2023-12-31 00856081 2022-12-31 00856081 core:CurrentFinancialInstruments 2023-12-31 00856081 core:CurrentFinancialInstruments 2022-12-31 00856081 core:ShareCapital 2023-12-31 00856081 core:ShareCapital 2022-12-31 00856081 core:SharePremium 2023-12-31 00856081 core:SharePremium 2022-12-31 00856081 core:CapitalRedemptionReserve 2023-12-31 00856081 core:CapitalRedemptionReserve 2022-12-31 00856081 core:RetainedEarningsAccumulatedLosses 2023-12-31 00856081 core:RetainedEarningsAccumulatedLosses 2022-12-31 00856081 core:OtherPropertyPlantEquipment 2022-12-31 00856081 core:OtherPropertyPlantEquipment 2023-12-31 00856081 core:CostValuation 2022-12-31 00856081 core:AdditionsToInvestments 2023-12-31 00856081 core:DisposalsRepaymentsInvestments 2023-12-31 00856081 core:RevaluationsIncreaseDecreaseInInvestments 2023-12-31 00856081 core:CostValuation 2023-12-31 00856081 core:ProvisionsForImpairmentInvestments 2022-12-31 00856081 core:ProvisionsForImpairmentInvestments 2023-12-31 00856081 1 2023-12-31 00856081 1 2022-12-31 00856081 2 2023-12-31 00856081 2 2022-12-31 00856081 2023-01-01 2023-12-31 00856081 bus:FilletedAccounts 2023-01-01 2023-12-31 00856081 bus:SmallEntities 2023-01-01 2023-12-31 00856081 bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 00856081 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 00856081 bus:Director1 2023-01-01 2023-12-31 00856081 bus:Director2 2023-01-01 2023-12-31 00856081 bus:Director3 2023-01-01 2023-12-31 00856081 core:OtherPropertyPlantEquipment core:TopRangeValue 2023-01-01 2023-12-31 00856081 2022-01-01 2022-12-31 00856081 core:OtherPropertyPlantEquipment 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Company No: 00856081 (England and Wales)

N J A LIMITED

Unaudited Financial Statements
For the financial year ended 31 December 2023
Pages for filing with the registrar

N J A LIMITED

Unaudited Financial Statements

For the financial year ended 31 December 2023

Contents

N J A LIMITED

COMPANY INFORMATION

For the financial year ended 31 December 2023
N J A LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 December 2023
DIRECTORS Denzil Fernandez
Renate Fernandez (Resigned 03 March 2024)
Peter Ferrari (Appointed 20 February 2023)
REGISTERED OFFICE 22 Chancery Lane
London
WC2A 1LS
United Kingdom
COMPANY NUMBER 00856081 (England and Wales)
N J A LIMITED

BALANCE SHEET

As at 31 December 2023
N J A LIMITED

BALANCE SHEET (continued)

As at 31 December 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 0 2,058
Investment property 4 6,597,800 6,597,800
Investments 5 625,683 460,730
7,223,483 7,060,588
Current assets
Debtors 6 69,649 3,744
Investments 7 3,081,040 3,502,784
Cash at bank and in hand 838,592 393,733
3,989,281 3,900,261
Creditors: amounts falling due within one year 8 ( 681,473) ( 572,552)
Net current assets 3,307,808 3,327,709
Total assets less current liabilities 10,531,291 10,388,297
Provision for liabilities ( 1,488,260) ( 1,129,841)
Net assets 9,043,031 9,258,456
Capital and reserves
Called-up share capital 254,759 254,759
Share premium account 59,516 59,516
Capital redemption reserve 119,273 119,273
Profit and loss account 8,609,483 8,824,908
Total shareholders' funds 9,043,031 9,258,456

For the financial year ending 31 December 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of N J A Limited (registered number: 00856081) were approved and authorised for issue by the Board of Directors on 30 August 2024. They were signed on its behalf by:

Denzil Fernandez
Director
N J A LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
N J A LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

N J A Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 22 Chancery Lane, London, WC2A 1LS, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the company and rounded to the nearest £.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Profit and Loss Account in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Within Turnover is rental income from investment properties. This represents rental income receivable during the year, exclusive of value added tax. Income is recognised evenly over the terms of the lease.

Dividend income

Dividends are recognised in the period in which the company becomes entitled to the dividend.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property, at rates calculated to write off the cost, of each asset on a straight-line basis over its expected useful life, as follows:

Plant and machinery etc. 4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

The fair value is determined annually by the directors, on an open market value for existing use basis.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 3 2

3. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 January 2023 109,936 109,936
At 31 December 2023 109,936 109,936
Accumulated depreciation
At 01 January 2023 107,878 107,878
Charge for the financial year 2,058 2,058
At 31 December 2023 109,936 109,936
Net book value
At 31 December 2023 0 0
At 31 December 2022 2,058 2,058

4. Investment property

Investment property
£
Valuation
As at 01 January 2023 6,597,800
As at 31 December 2023 6,597,800

The historical cost of the investment properties is £314,471 (2022 - £314,471).

5. Fixed asset investments

Listed investments Other investments Total
£ £ £
Cost or valuation before impairment
At 01 January 2023 460,730 259,708 720,438
Additions 461,421 0 461,421
Disposals ( 333,927) 0 ( 333,927)
Movement in fair value 37,459 0 37,459
At 31 December 2023 625,683 259,708 885,391
Provisions for impairment
At 01 January 2023 0 259,708 259,708
At 31 December 2023 0 259,708 259,708
Carrying value at 31 December 2023 625,683 0 625,683
Carrying value at 31 December 2022 460,730 0 460,730

The fair value of listed investments was determined with reference to the quoted market price at the reporting date. The cost of the shares on acquisition was £589,963 (2022 - £431,774).

6. Debtors

2023 2022
£ £
Prepayments and accrued income 69,649 3,544
Other debtors 0 200
69,649 3,744

7. Current asset investments

2023 2022
£ £
Treasury Reserve 0 3,502,784
Term deposit accounts 3,081,040 0
3,081,040 3,502,784

8. Creditors: amounts falling due within one year

2023 2022
£ £
Trade creditors 0 5,703
Amounts owed to directors (note 9) 178,564 158,244
Accruals and deferred income 103,821 99,725
Taxation and social security 143,109 60,379
Other creditors 255,979 248,501
681,473 572,552

9. Related party transactions

Transactions with the entity's directors

2023 2022
£ £
Balance outstanding at start of period 158,244 (147,715)
Amounts advanced 233,854 64,555
Amounts repaid (213,533) (54,026)
Balance outstanding at end of period 178,565 158,244