Company Registration No. SC736133 (Scotland)
SJA Property Group Ltd
Unaudited accounts
for the year ended 30 June 2024
SJA Property Group Ltd
Unaudited accounts
Contents
SJA Property Group Ltd
Company Information
for the year ended 30 June 2024
Directors
James Martin Duguid
Alexander James Pittendreigh
Shaun David Murray
Company Number
SC736133 (Scotland)
Registered Office
7 Albert Street
Aberdeen
AB25 1XX
Scotland
SJA Property Group Ltd
Statement of financial position
as at 30 June 2024
Tangible assets
1,138
1,667
Investment property
110,000
50,000
Inventories
10,000
460,971
Cash at bank and in hand
4,298
56,063
Creditors: amounts falling due within one year
(202,868)
(619,362)
Net current liabilities
(61,801)
(88,417)
Total assets less current liabilities
49,415
(36,750)
Creditors: amounts falling due after more than one year
(198,354)
(20,000)
Provisions for liabilities
Net liabilities
(149,240)
(60,060)
Called up share capital
3
3
Fair value reserve
1,284
14,110
Profit and loss account
(150,527)
(74,173)
Shareholders' funds
(149,240)
(60,060)
For the year ending 30 June 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 directors acknowledge their 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 of Directors and authorised for issue on 20 June 2025 and were signed on its behalf by
James Martin Duguid
Director
Company Registration No. SC736133
SJA Property Group Ltd
Notes to the Accounts
for the year ended 30 June 2024
SJA Property Group Ltd is a private company, limited by shares, registered in Scotland, registration number SC736133. The registered office is 7 Albert Street, Aberdeen, AB25 1XX, Scotland.
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
SJA Property Group Ltd
Notes to the Accounts
for the year ended 30 June 2024
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continues to adopt the going concern basis of accounting in preparing the financial statements.
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 July 2023
1,100
762
1,862
At 30 June 2024
1,100
762
1,862
Charge for the year
275
254
529
At 30 June 2024
275
449
724
At 30 June 2024
825
313
1,138
At 30 June 2023
1,100
567
1,667
Fair value at 1 July 2023
50,000
Net loss from fair value adjustments
(15,835)
The historic cost of the above investment property totals £106,525. The fair value of the property has been arrived at by the directors of the company on 30 June 2024 on a market value basis.
SJA Property Group Ltd
Notes to the Accounts
for the year ended 30 June 2024
6
Investments
Subsidiary undertakings
Valuation at 1 July 2023
-
Valuation at 30 June 2024
78
Work in progress
-
460,971
Amounts falling due within one year
Amounts due from group undertakings etc.
-
1,291
Accrued income and prepayments
3,779
1,032
Other debtors
34,248
8,105
Amounts falling due after more than one year
Amounts due from group undertakings etc.
61,612
-
9
Creditors: amounts falling due within one year
2024
2023
Trade creditors
4,509
15,340
Taxes and social security
1,619
1,669
Other creditors
184,759
568,248
SJA Property Group Ltd
Notes to the Accounts
for the year ended 30 June 2024
10
Creditors: amounts falling due after more than one year
2024
2023
Amounts owed to group undertakings and other participating interests
18,354
-
Other creditors
180,000
20,000
At the balance sheet date, the Trustees of Owens Family SSAS holds a floating charge over all property and undertakings of the company.
Allotted, called up and fully paid:
3 Ordinary shares of £1 each
3
3
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Directors loan
219
593
-
812
Directors loan
84
267
-
351
The above loans are unsecured, interest free and repayable on demand.
13
Transactions with related parties
The following amounts were outstanding at the reporting end date and due to other companies controlled by the directors individually:
Other related parties: £5,120 (2023: £518)
The above loan balances are interest free and payable on demand.
The following amounts were outstanding at the reporting end date and due from other companies controlled by the directors individually:
Other related parties: £1,798 (2023: £1,291)
The above loan balances are interest free and repayable on demand.
Payments totaling £127,500 (2023: £119,000) were made to companies owned individually by the directors in relation to consultancy services rendered in the period.
14
Average number of employees
During the year the average number of employees was 2 (2023: 2).