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REGISTERED NUMBER: 07145629 (England and Wales)



















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH APRIL 2024

FOR

SJO ENTERPRISES LIMITED

SJO ENTERPRISES LIMITED (REGISTERED NUMBER: 07145629)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SJO ENTERPRISES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH APRIL 2024







DIRECTOR: Mrs S J Owen





SECRETARY: D A Owen





REGISTERED OFFICE: Vantage House
6-7 Claydons Lane
Rayleigh
Essex
SS6 7UP





REGISTERED NUMBER: 07145629 (England and Wales)






SJO ENTERPRISES LIMITED (REGISTERED NUMBER: 07145629)

BALANCE SHEET
30TH APRIL 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 - -
Investments 5 25,920,390 29,700,835
Investment property 6 1,335,695 2,379,847
27,256,085 32,080,682

CURRENT ASSETS
Debtors 7 7,444,036 9,406,295
Cash at bank 2,520,640 252,058
9,964,676 9,658,353
CREDITORS
Amounts falling due within one year 8 (12,656,498 ) (17,235,019 )
NET CURRENT LIABILITIES (2,691,822 ) (7,576,666 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

24,564,263

24,504,016

CAPITAL AND RESERVES
Called up share capital 9 1 1
Revaluation reserve 19,120,298 22,900,743
Retained earnings 5,443,964 1,603,272
SHAREHOLDERS' FUNDS 24,564,263 24,504,016

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 2024 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.

SJO ENTERPRISES LIMITED (REGISTERED NUMBER: 07145629)

BALANCE SHEET - continued
30TH APRIL 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 director and authorised for issue on 26th September 2024 and were signed by:





Mrs S J Owen - Director


SJO ENTERPRISES LIMITED (REGISTERED NUMBER: 07145629)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2024

1. STATUTORY INFORMATION

SJO Enterprises 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 the invoiced amounts of services provided, net of value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office equipment - Straight line over 5 years

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.

SJO ENTERPRISES LIMITED (REGISTERED NUMBER: 07145629)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset , with the net amounts presented in the financial statements , when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities
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.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs.
Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

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.


SJO ENTERPRISES LIMITED (REGISTERED NUMBER: 07145629)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2024

2. ACCOUNTING POLICIES - continued
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.

Pension costs and other post-retirement benefits
Contributions to the company's defined contribution pension scheme are charged to the profit and loss account in the year to which they become due.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. TANGIBLE FIXED ASSETS
Office
equipment
£   
COST
At 1st May 2023
and 30th April 2024 10,539
DEPRECIATION
At 1st May 2023
and 30th April 2024 10,539
NET BOOK VALUE
At 30th April 2024 -
At 30th April 2023 -

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1st May 2023 29,700,835
Revaluations (3,780,445 )
At 30th April 2024 25,920,390
NET BOOK VALUE
At 30th April 2024 25,920,390
At 30th April 2023 29,700,835

SJO ENTERPRISES LIMITED (REGISTERED NUMBER: 07145629)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2024

5. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 30th April 2024 is represented by:

Other
investments
£   
Valuation in 2015 1,466,471
Valuation in 2016 440,632
Valuation in 2017 338,939
Valuation in 2018 15,862,914
Valuation in 2019 (7,579,988 )
Valuation in 2020 4,047,039
Valuation in 2021 1,300,674
Valuation in 2022 6,181,245
Valuation in 2023 842,820
Valuation in 2024 (3,780,445 )
Cost 6,800,089
25,920,390

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st May 2023 2,379,847
Disposals (1,044,152 )
At 30th April 2024 1,335,695
NET BOOK VALUE
At 30th April 2024 1,335,695
At 30th April 2023 2,379,847

7. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other debtors 7,444,036 9,406,295

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other creditors 12,656,498 17,235,019

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary £1 1 1

SJO ENTERPRISES LIMITED (REGISTERED NUMBER: 07145629)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2024

10. RELATED PARTY DISCLOSURES

During the year the company entered into the following transactions with related parties:

Loans to related parties

Party 2024 2023 Relationship
£ £
DGM (Broadway) Limited 687,796 787,796 Subsidiary
DGM Investment Company Limited 1,748,999 1,769,999 Subsidiary
DGM Property Rentals Limited 2,839,413 3,089,413 Subsidiary
Lynwood Lettings Limited 350,690 187,197 Common family ownership
Hilda Forrester - 90,000 Mother of Director

Loans from related parties

Party 2024 2023 Relationship
£ £
D A Owen 12,580,416 13,980,802 Directors loan
DGM London Road Limited 50,001 1 Subsidiary
Vector Capital Investments ApS 20,134 3,253,898 Subsidiary

11. ULTIMATE CONTROLLING PARTY

The company is controlled by the director, Mr D Owen who holds the company's entire issued share capital.