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REGISTERED NUMBER: SC556478 (Scotland)
















Unaudited Financial Statements

for the Year Ended 28 February 2025

for

SJW Property Venture Ltd.

SJW Property Venture Ltd. (Registered number: SC556478)






Contents of the Financial Statements
for the Year Ended 28 February 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SJW Property Venture Ltd.

Company Information
for the Year Ended 28 February 2025







DIRECTOR: Mrs S Warden





REGISTERED OFFICE: 24 Braehead Terrace
Milltimber
Aberdeenshire
AB13 0ED





REGISTERED NUMBER: SC556478 (Scotland)





ACCOUNTANTS: Gillespie & Anderson
Chartered Accountants
Westburn Business Centre
McNee Road
Prestwick
KA9 2PB

SJW Property Venture Ltd. (Registered number: SC556478)

Balance Sheet
28 February 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 588 784
Investment property 5 155,734 155,734
156,322 156,518

CURRENT ASSETS
Cash at bank 34,142 30,718

CREDITORS
Amounts falling due within one year 6 5,295 6,700
NET CURRENT ASSETS 28,847 24,018
TOTAL ASSETS LESS CURRENT
LIABILITIES

185,169

180,536

CREDITORS
Amounts falling due after more than one
year

7

(170,100

)

(170,100

)

PROVISIONS FOR LIABILITIES (147 ) (196 )
NET ASSETS 14,922 10,240

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 14,822 10,140
SHAREHOLDERS' FUNDS 14,922 10,240

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

SJW Property Venture Ltd. (Registered number: SC556478)

Balance Sheet - continued
28 February 2025


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 June 2025 and were signed by:





Mrs S Warden - Director


SJW Property Venture Ltd. (Registered number: SC556478)

Notes to the Financial Statements
for the Year Ended 28 February 2025

1. STATUTORY INFORMATION

SJW Property Venture Ltd. is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Going concern
The company relies on internal borrowing from a related party for day to day working capital requirements and the acquisition and development of investment property. After making the appropriate enquiries, the director is confident that existing facilities will remain in place for the foreseeable future. On this basis, the director considers it appropriate that the accounts are prepared on a going concern basis.

Turnover/revenue recognition
Sales comprise rents received in the ordinary course of the company's activities.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Tangible fixed assets are stated at cost less depreciation.

Impairment of fixed assets
At each reporting date, the company reviews the carrying amounts of its fixed assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the amount of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Investment property
Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Any surplus or deficit on revaluation is recognised in profit or loss.

SJW Property Venture Ltd. (Registered number: SC556478)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2025

2. ACCOUNTING POLICIES - continued

Financial instruments
Financial assets and liabilities are recognised when the company becomes a party to the contractual provisions of the instrument and are classified in accordance with their underlying economic reality. The company has two main categories of financial instruments, which are loans and other receivables and other financial liabilities:

Loans and other receivables
Loans and other receivables are non-derivative financial assets with fixed or determinable payments that are not quoted in an active market. Upon recognition, these assets are measured at fair value less directly related transaction expenses. In successive periods these are measured at amortised cost, and any differences between acquisition cost and redemption value is accounted for over the borrowing period by using the effective interest method. If transaction costs are immaterial and the credit period is short, amortised cost is equal to the nominal value less any allowance for credit losses.

Other financial liabilities
Other financial liabilities are recognised initially at fair value, net of transaction costs incurred. In successive periods these are measured at amortised cost. Any differences between acquisition cost and redemption value is accounted for over the borrowing period by using the effective interest method. If transaction costs are immaterial and the credit period is short, amortised cost is equal to the nominal value.

Impairment of financial instruments
A provision for impairment is established when there is objective evidence that, as a result of one or more events that occurred after the initial recognition, the estimated future cash flows have been impacted.

Cash and cash equivalents
Cash and cash equivalents comprise cash held by the company and short term bank deposits with an original maturity of three months or less from inception and are subject to insignificant risk of changes in value.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

SJW Property Venture Ltd. (Registered number: SC556478)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2025

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2024
and 28 February 2025 2,895
DEPRECIATION
At 1 March 2024 2,111
Charge for year 196
At 28 February 2025 2,307
NET BOOK VALUE
At 28 February 2025 588
At 29 February 2024 784

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2024
and 28 February 2025 155,734
NET BOOK VALUE
At 28 February 2025 155,734
At 29 February 2024 155,734

It is the director's view that the carrying value of the investment property, being original cost, does not differ materially from its fair value at the balance sheet date.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Taxation and social security 1,367 1,248
Other creditors 3,928 5,452
5,295 6,700

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2025 2024
£    £   
Amounts owed to associates 170,100 170,100

SJW Property Venture Ltd. (Registered number: SC556478)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2025

8. RELATED PARTY DISCLOSURES

As at 28 February 2025 an amount of £170,100 (2024: £170,100) is due to WardEng Limited, a company under the control of the director, S Warden.This loan is unsecured, interest free and has no fixed repayment terms.

The company also operates a loan account with the director. At the year end, £2,287 (2024: £3,322) was due to the director by the company. This loan is unsecured, interest free and has no fixed repayment terms.

9. ULTIMATE CONTROLLING PARTY

The company is under the control of the director due to her 51% shareholding in the company.