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REGISTERED NUMBER: 11416288 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024

FOR

S & J RESIDENTIAL RENOVATIONS AND RENTAL
LIMITED

S & J RESIDENTIAL RENOVATIONS AND RENTAL
LIMITED (REGISTERED NUMBER: 11416288)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 7

S & J RESIDENTIAL RENOVATIONS AND RENTAL
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTOR: S Cole





REGISTERED OFFICE: The Stables
23b Lenten Street
Alton
Hampshire
GU34 1HG





REGISTERED NUMBER: 11416288 (England and Wales)





ACCOUNTANTS: LFM
Chartered Certified Accountants
The Stables
23b Lenten Street
Alton
Hampshire
GU34 1HG

S & J RESIDENTIAL RENOVATIONS AND RENTAL
LIMITED (REGISTERED NUMBER: 11416288)

BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 760,000 760,000

CURRENT ASSETS
Cash at bank - 10,719

CREDITORS
Amounts falling due within one year 5 3,149 3,888
NET CURRENT (LIABILITIES)/ASSETS (3,149 ) 6,831
TOTAL ASSETS LESS CURRENT
LIABILITIES

756,851

766,831

CREDITORS
Amounts falling due after more than one
year

6

(760,499

)

(780,684

)

PROVISIONS FOR LIABILITIES (1,694 ) (1,694 )
NET LIABILITIES (5,342 ) (15,547 )

CAPITAL AND RESERVES
Called up share capital 1 1
Fair value reserve 7 7,222 7,222
Retained earnings (12,565 ) (22,770 )
SHAREHOLDERS' FUNDS (5,342 ) (15,547 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 & J RESIDENTIAL RENOVATIONS AND RENTAL
LIMITED (REGISTERED NUMBER: 11416288)

BALANCE SHEET - continued
31 JANUARY 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 20 January 2025 and were signed by:





S Cole - Director


S & J RESIDENTIAL RENOVATIONS AND RENTAL
LIMITED (REGISTERED NUMBER: 11416288)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1. STATUTORY INFORMATION

S & J Residential Renovations and Rental 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 1 (2023 - 1 ) .

S & J RESIDENTIAL RENOVATIONS AND RENTAL
LIMITED (REGISTERED NUMBER: 11416288)

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2023
and 31 January 2024 760,000
NET BOOK VALUE
At 31 January 2024 760,000
At 31 January 2023 760,000

Fair value at 31 January 2024 is represented by:
£   
Valuation in 2020 8,741
Valuation in 2021 3,342
Valuation in 2022 (6,000 )
Valuation in 2023 2,834
Cost 751,083
760,000

If the investment properties had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 751,083 751,083

The investment properties were valued on an open market basis on 31 January 2024 by Mr S Cole, director .

The valuation of the properties at the year end is based on recent sales data for similar properties in the immediate area and is not carried out by an independent professionally qualified valuer.

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 16 -
Trade creditors 1,380 1,380
Taxation and social security 373 373
Other creditors 1,380 2,135
3,149 3,888

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 506,550 506,550
Other creditors 253,949 274,134
760,499 780,684

S & J RESIDENTIAL RENOVATIONS AND RENTAL
LIMITED (REGISTERED NUMBER: 11416288)

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

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2024 2023
£    £   
Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 506,550 506,550

7. RESERVES
Fair
value
reserve
£   
At 1 February 2023
and 31 January 2024 7,222

8. ULTIMATE CONTROLLING PARTY

The controlling party is S Cole.

9. LEGAL CHARGES

The following legal charges existed during the period:

Belmont Green Finance Limited charge over the property at Flat 12 Mermaid Court, Sea Road, Bournemouth, BH5 1BQ. Charge no 114162880002.

Belmont Green Finance Limited charge over the property at Flat 2 Balmoral Court, 27 St Johns Road, Bournemouth, BH5 1EQ. Charge no 11416288001.

The Mortgage Works (UK) PLC charge over the property at Flat 3, 22-24 Crabton Close Road, Bournemouth, BH5 1HN. Charge no 11416288003.

The Mortgage Works (UK) PLC charge over the property at Flat 11, Burlington West Mansions, Owls Road, Bournemouth, BH5 1AD. Charge no 114162880004.

Charter Court Financial Services Limited charge over the property at Flat 2, 7 Florence Road, Bournemouth, BH5 1HH. Charge no 114162880005.

10. GOING CONCERN

The accounts have been prepared on a going concern basis as in the opinion of the directors, the company will become profitable in future years. The director intends to support the company for the foreseeable future.

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
S & J RESIDENTIAL RENOVATIONS AND RENTAL
LIMITED

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of S & J Residential Renovations and Rental Limited for the year ended 31 January 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of S & J Residential Renovations and Rental Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of S & J Residential Renovations and Rental Limited and state those matters that we have agreed to state to the director of S & J Residential Renovations and Rental Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at
https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that S & J Residential Renovations and Rental Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of S & J Residential Renovations and Rental Limited. You consider that S & J Residential Renovations and Rental Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of S & J Residential Renovations and Rental Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






LFM
Chartered Certified Accountants
The Stables
23b Lenten Street
Alton
Hampshire
GU34 1HG


20 January 2025