Registered number
14518892
SJB PROPERTY & MAINTENANCE LTD
Filleted Accounts
31 December 2024
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
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