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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
Page
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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
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SJA Property Group Ltd Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,138 
1,667 
Investment property
110,000 
50,000 
Investments
78 
- 
111,216 
51,667 
Current assets
Inventories
10,000 
460,971 
Debtors
126,769 
13,911 
Cash at bank and in hand
4,298 
56,063 
141,067 
530,945 
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
Deferred tax
(301)
(3,310)
Net liabilities
(149,240)
(60,060)
Capital and reserves
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
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SJA Property Group Ltd Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
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.
3
Accounting policies
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.
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.
Turnover
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:
Fixtures & fittings
15%
Computer equipment
33.33%
Investment property
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 taxation
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.
Financial instruments
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.
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SJA Property Group Ltd Notes to the Accounts for the year ended 30 June 2024
Pension costs
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
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.
Going concern
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 
Depreciation
At 1 July 2023
- 
195 
195 
Charge for the year
275 
254 
529 
At 30 June 2024
275 
449 
724 
Net book value
At 30 June 2024
825 
313 
1,138 
At 30 June 2023
1,100 
567 
1,667 
5
Investment property
2024 
£ 
Fair value at 1 July 2023
50,000 
Additions
75,835 
Net loss from fair value adjustments
(15,835)
At 30 June 2024
110,000 
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.
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SJA Property Group Ltd Notes to the Accounts for the year ended 30 June 2024
6
Investments
Subsidiary undertakings 
£ 
Valuation at 1 July 2023
- 
Additions
103 
Disposals
(25)
Valuation at 30 June 2024
78 
7
Inventories
2024 
2023 
£ 
£ 
Work in progress
- 
460,971 
Finished goods
10,000 
- 
10,000 
460,971 
8
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
- 
376 
Trade debtors
1,500 
3,107 
Amounts due from group undertakings etc.
- 
1,291 
Accrued income and prepayments
3,779 
1,032 
Other debtors
34,248 
8,105 
39,527 
13,911 
Amounts falling due after more than one year
Amounts due from group undertakings etc.
61,612 
- 
Other debtors
25,630 
- 
87,242 
- 
9
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
5,192 
- 
Trade creditors
4,509 
15,340 
Taxes and social security
1,619 
1,669 
Other creditors
184,759 
568,248 
Accruals
6,789 
25,834 
Deferred income
- 
8,271 
202,868 
619,362 
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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 
198,354 
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.
11
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
3 Ordinary shares of £1 each
3 
3 
12
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Directors loan
219 
593 
- 
812 
Directors loan
- 
80 
- 
81 
Directors loan
84 
267 
- 
351 
303 
940 
- 
1,244 
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).
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