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REGISTERED NUMBER: 12765748 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

SKJ INVESTMENTS LIMITED

SKJ INVESTMENTS LIMITED (REGISTERED NUMBER: 12765748)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SKJ INVESTMENTS LIMITED

COMPANY INFORMATION
for the year ended 31 March 2024







DIRECTORS: K S Sahota
J Sahota





REGISTERED OFFICE: 5 Lillington Avenue
Leamington Spa
Warwickshire
CV32 5UF





REGISTERED NUMBER: 12765748 (England and Wales)






SKJ INVESTMENTS LIMITED (REGISTERED NUMBER: 12765748)

BALANCE SHEET
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 43,188 55,103
Investment property 5 12,667,359 12,867,359
12,710,547 12,922,462

CURRENT ASSETS
Cash at bank 107,409 55,458

CREDITORS
Amounts falling due within one year 6 353,058 318,138
NET CURRENT LIABILITIES (245,649 ) (262,680 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

12,464,898

12,659,782

CREDITORS
Amounts falling due after more than one
year

7

6,767,364

6,772,653
NET ASSETS 5,697,534 5,887,129

CAPITAL AND RESERVES
Called up share capital 102 102
Share premium 5,749,138 5,749,138
Retained earnings (51,706 ) 137,889
5,697,534 5,887,129

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

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

SKJ INVESTMENTS LIMITED (REGISTERED NUMBER: 12765748)

BALANCE SHEET - continued
31 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 3 February 2025 and were signed on its behalf by:





K S Sahota - Director


SKJ INVESTMENTS LIMITED (REGISTERED NUMBER: 12765748)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2024

1. STATUTORY INFORMATION

Skj Investments 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.

The accounts have been prepared in accordance with applicable accounting standards. The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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 ) .

SKJ INVESTMENTS LIMITED (REGISTERED NUMBER: 12765748)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Fixtures Motor
& fittings vehicles Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 21,901 48,649 70,550
DEPRECIATION
At 1 April 2023 3,285 12,162 15,447
Charge for year 2,793 9,122 11,915
At 31 March 2024 6,078 21,284 27,362
NET BOOK VALUE
At 31 March 2024 15,823 27,365 43,188
At 31 March 2023 18,616 36,487 55,103

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 12,867,359
Disposals (200,000 )
At 31 March 2024 12,667,359
NET BOOK VALUE
At 31 March 2024 12,667,359
At 31 March 2023 12,867,359

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 5,289 5,289
Trade creditors 9,895 -
Taxation and social security 26,547 13,916
Other creditors 311,327 298,933
353,058 318,138

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 6,738,260 6,738,260
Hire purchase contracts 29,104 34,393
6,767,364 6,772,653

SKJ INVESTMENTS LIMITED (REGISTERED NUMBER: 12765748)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024

7. 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 6,738,260 6,738,260

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 6,738,260 6,738,260

9. OTHER FINANCIAL COMMITMENTS

Paragon Bank PLC holds a charge on 26 Leam Terrace, Leamington Spa.

10. CONTROLLING INTERESTS

The directors are considered to be the ultimate controlling parties by virtue of their ability to act in concert in respect of the financial and operating policies of the company.