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REGISTERED NUMBER: 12115782 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JULY 2024

FOR

S&JB PROPERTY LIMITED

S&JB PROPERTY LIMITED (REGISTERED NUMBER: 12115782)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JULY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


S&JB PROPERTY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST JULY 2024







DIRECTORS: J Barwell
Mrs S A Barwell





REGISTERED OFFICE: Unit 13
Hall Barn Road Industrial Estate
Isleham
Ely
Cambridgeshire
CB7 5RJ





REGISTERED NUMBER: 12115782 (England and Wales)





ACCOUNTANTS: NKT Accountants
11 Kings Court
Willie Snaith Road
Newmarket
Suffolk
CB8 7SG

S&JB PROPERTY LIMITED (REGISTERED NUMBER: 12115782)

BALANCE SHEET
31ST JULY 2024

31/7/24 31/7/23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 310,000 300,000

CURRENT ASSETS
Cash at bank 5,603 21,096

CREDITORS
Amounts falling due within one year 5 55,654 76,555
NET CURRENT LIABILITIES (50,051 ) (55,459 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

259,949

244,541

CREDITORS
Amounts falling due after more than one
year

6

(191,300

)

(191,300

)

PROVISIONS FOR LIABILITIES (9,190 ) (7,290 )
NET ASSETS 59,459 45,951

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 7 39,169 31,069
Retained earnings 20,190 14,782
59,459 45,951

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

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

S&JB PROPERTY LIMITED (REGISTERED NUMBER: 12115782)

BALANCE SHEET - continued
31ST JULY 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 17th October 2024 and were signed on its behalf by:





J Barwell - Director


S&JB PROPERTY LIMITED (REGISTERED NUMBER: 12115782)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JULY 2024

1. STATUTORY INFORMATION

S&JB Property 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.

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 (2023 - NIL).

S&JB PROPERTY LIMITED (REGISTERED NUMBER: 12115782)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JULY 2024

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st August 2023 300,000
Revaluations 10,000
At 31st July 2024 310,000
NET BOOK VALUE
At 31st July 2024 310,000
At 31st July 2023 300,000

Fair value at 31st July 2024 is represented by:
£   
Valuation in 2022 53,359
Valuation in 2023 (15,000 )
Valuation in 2024 10,000
Cost 261,641
310,000

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/7/24 31/7/23
£    £   
Taxation and social security 1,269 1,483
Other creditors 54,385 75,072
55,654 76,555

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31/7/24 31/7/23
£    £   
Bank loans 191,300 191,300

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 191,300 191,300

S&JB PROPERTY LIMITED (REGISTERED NUMBER: 12115782)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JULY 2024

7. RESERVES
Revaluation
reserve
£   
At 1st August 2023 31,069
Property revaluation 10,000
Deferred tax on investment pro perty (1,900 )

At 31st July 2024 39,169