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Company Registration No. SC406389 (Scotland)
SJM Properties Ltd Unaudited accounts for the year ended 31 August 2024
SJM Properties Ltd Unaudited accounts Contents
Page
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SJM Properties Ltd Company Information for the year ended 31 August 2024
Director
Steven Molina
Company Number
SC406389 (Scotland)
Registered Office
4th Floor 176 Bath Street Glasgow G24HG
Accountants
TaxKings Ltd 4th Floor, 176 Bath Street Glasgow G2 4HG
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SJM Properties Ltd Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,655,109 
1,995,838 
Current assets
Debtors
316,362 
436,618 
Cash at bank and in hand
18,460 
29,739 
334,822 
466,357 
Creditors: amounts falling due within one year
(2,064,352)
(2,227,418)
Net current liabilities
(1,729,530)
(1,761,061)
Total assets less current liabilities
925,579 
234,777 
Creditors: amounts falling due after more than one year
(19,600)
(19,856)
Provisions for liabilities
Deferred tax
(125,293)
- 
Net assets
780,686 
214,921 
Capital and reserves
Called up share capital
1,000 
1,000 
Revaluation reserve
659,436 
- 
Profit and loss account
120,250 
213,921 
Shareholders' funds
780,686 
214,921 
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 18 May 2025 and were signed on its behalf by
Steven Molina Director Company Registration No. SC406389
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SJM Properties Ltd Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
SJM Properties Ltd is a private company, limited by shares, registered in Scotland, registration number SC406389. The registered office is 4th Floor, 176 Bath Street, Glasgow, G24HG.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
These financial statements for the year ended 31 August 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 September 2022. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
25% straight line
4
Tangible fixed assets
Land & buildings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At valuation 
At cost 
At 1 September 2023
1,995,564 
658 
1,996,222 
Revaluations
659,436 
- 
659,436 
At 31 August 2024
2,655,000 
658 
2,655,658 
Depreciation
At 1 September 2023
- 
384 
384 
Charge for the year
- 
165 
165 
At 31 August 2024
- 
549 
549 
Net book value
At 31 August 2024
2,655,000 
109 
2,655,109 
At 31 August 2023
1,995,564 
274 
1,995,838 
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SJM Properties Ltd Notes to the Accounts for the year ended 31 August 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
19,600 
19,856 
Other debtors
296,762 
416,762 
316,362 
436,618 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
8,266 
5,922 
Loans from directors
2,056,086 
2,221,496 
2,064,352 
2,227,418 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Trade creditors
19,600 
19,856 
8
Average number of employees
During the year the average number of employees was 2 (2023: 1).
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