SJB PROPERTY & MAINTENANCE LTD |
Registered number: |
14518892 |
Balance Sheet |
as at 31 December 2024 |
|
Notes |
|
|
2024 |
|
|
2023 |
£ |
£ |
Fixed assets |
Investments |
3 |
|
|
1,435,000 |
|
|
1,000,000 |
|
Current assets |
Debtors |
4 |
|
950 |
|
|
255 |
Cash at bank and in hand |
|
|
176,726 |
|
|
477,973 |
|
|
|
177,676 |
|
|
478,228 |
|
Creditors: amounts falling due within one year |
5 |
|
(1,229,507) |
|
|
(1,323,826) |
|
Net current liabilities |
|
|
|
(1,051,831) |
|
|
(845,598) |
|
Total assets less current liabilities |
|
|
|
383,169 |
|
|
154,402 |
|
Creditors: amounts falling due after more than one year |
6 |
|
|
(249,980) |
|
|
- |
|
Provisions for liabilities |
|
|
|
(26,981) |
|
|
(37,663) |
|
|
Net assets |
|
|
|
106,208 |
|
|
116,739 |
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
|
|
|
100 |
|
|
100 |
Revaluation reserve |
8 |
|
|
80,943 |
|
|
112,988 |
Profit and loss account |
|
|
|
25,165 |
|
|
3,651 |
|
Shareholders' funds |
|
|
|
106,208 |
|
|
116,739 |
|
|
|
|
|
|
|
|
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
Stephen John Boylan |
Director |
Approved by the board on 21 March 2025 |
|
SJB PROPERTY & MAINTENANCE LTD |
Notes to the Accounts |
for the year ended 31 December 2024 |
|
|
1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Investments |
|
Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. |
|
|
2 |
Employees |
2024 |
|
2023 |
Number |
Number |
|
|
Average number of persons employed by the company |
2 |
|
2 |
|
|
|
|
|
|
|
|
|
|
3 |
Investments |
|
Other |
investments |
£ |
|
Cost |
|
At 1 January 2024 |
1,000,000 |
|
Additions |
477,727 |
|
Revaluation |
(42,727) |
|
|
At 31 December 2024 |
1,435,000 |
|
|
|
|
|
|
|
|
|
|
Historical cost |
|
At 1 January 2024 |
849,350 |
|
At 31 December 2024 |
1,327,077 |
|
|
|
|
|
|
|
|
|
|
|
4 |
Debtors |
2024 |
|
2023 |
£ |
£ |
|
|
Trade debtors |
850 |
|
- |
|
Other debtors |
100 |
|
255 |
|
|
|
|
|
|
950 |
|
255 |
|
|
|
|
|
|
|
|
|
|
5 |
Creditors: amounts falling due within one year |
2024 |
|
2023 |
£ |
£ |
|
|
Trade creditors |
2,000 |
|
1,999 |
|
Taxation and social security costs |
5,206 |
|
857 |
|
Other creditors |
1,222,301 |
|
1,320,970 |
|
|
|
|
|
|
1,229,507 |
|
1,323,826 |
|
|
|
|
|
|
|
|
|
|
6 |
Creditors: amounts falling due after one year |
2024 |
|
2023 |
£ |
£ |
|
|
Bank loans |
249,980 |
|
- |
|
|
|
|
|
|
|
|
|
|
7 |
Loans |
2024 |
|
2023 |
£ |
£ |
|
Creditors include: |
|
Instalments falling due for payment after more than five years |
249,980 |
|
- |
|
|
|
|
|
|
|
|
|
|
|
Secured bank loans |
249,980 |
|
- |
|
|
|
|
|
|
|
|
|
|
The bank loan is an interest only mortgage granted in January 2024. The mortgage has a term of 20 years and is secured by way of a charge on the related investment property. |
|
|
8 |
Revaluation reserve |
2024 |
|
2023 |
£ |
£ |
|
|
At 1 January 2024 |
112,988 |
|
- |
|
(Loss)/gain on revaluation of land and buildings |
(42,727) |
|
150,650 |
|
Deferred taxation arising on the revaluation of land and buildings |
10,682 |
|
(37,662) |
|
|
At 31 December 2024 |
80,943 |
|
112,988 |
|
|
|
|
|
|
|
|
|
|
9 |
Related party transactions |
|
|
During the year the company repaid £100,000 (2023 - received loans of £1,320,970) to another company jointly owned by the directors. The loans are included in other creditors and are interest free and repayable on demand. |
|
|
10 |
Other information |
|
|
SJB PROPERTY & MAINTENANCE LTD is a private company limited by shares and incorporated in England. Its registered office is: |
|
4 The Market |
|
Wrythe Lane |
|
Carshalton |
|
Surrey |
|
SM5 1AG |