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REGISTERED NUMBER: 05684539 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

NJS DEVELOPMENTS LIMITED

NJS DEVELOPMENTS LIMITED (REGISTERED NUMBER: 05684539)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


NJS DEVELOPMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2025







DIRECTORS: J Botham
S McCrystal
N Pearson





SECRETARY: N Pearson





REGISTERED OFFICE: Stonemead House
95 London Road
Croydon
Surrey
CR0 2RF





REGISTERED NUMBER: 05684539 (England and Wales)





ACCOUNTANTS: Bradshaw Johnson
Chartered Accountants
Croft Chambers
11 Bancroft
Hitchin
Hertfordshire
SG5 1JQ

NJS DEVELOPMENTS LIMITED (REGISTERED NUMBER: 05684539)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2025

31.3.25 31.3.24
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 69 313
Investment property 5 985,000 1,102,590
985,069 1,102,903

CURRENT ASSETS
Debtors 6 2,702 2,261
Cash at bank 11,014 11,614
13,716 13,875
CREDITORS
Amounts falling due within one year 7 19,377 9,344
NET CURRENT (LIABILITIES)/ASSETS (5,661 ) 4,531
TOTAL ASSETS LESS CURRENT
LIABILITIES

979,408

1,107,434

CREDITORS
Amounts falling due after more than one year 8 (271,889 ) (390,642 )

PROVISIONS FOR LIABILITIES (96,783 ) (99,378 )
NET ASSETS 610,736 617,414

CAPITAL AND RESERVES
Called up share capital 30 30
Fair value reserve 10 412,572 423,451
Retained earnings 198,134 193,933
SHAREHOLDERS' FUNDS 610,736 617,414

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

NJS DEVELOPMENTS LIMITED (REGISTERED NUMBER: 05684539)

STATEMENT OF FINANCIAL POSITION - continued
31 MARCH 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 July 2025 and were signed on its behalf by:





N Pearson - Director


NJS DEVELOPMENTS LIMITED (REGISTERED NUMBER: 05684539)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1. STATUTORY INFORMATION

NJS Developments Limited is a private company, limited by shares , registered in England and Wales. 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

The financial statements have been prepared on a going concern basis which assumes the continued support of the directors.

Turnover
Turnover represents net rents receivable.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - Straight line over 15 years
Computer equipment - 15% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

NJS DEVELOPMENTS LIMITED (REGISTERED NUMBER: 05684539)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2024
and 31 March 2025 12,305 672 12,977
DEPRECIATION
At 1 April 2024 12,074 590 12,664
Charge for year 231 13 244
At 31 March 2025 12,305 603 12,908
NET BOOK VALUE
At 31 March 2025 - 69 69
At 31 March 2024 231 82 313

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2024 1,102,590
Disposals (197,590 )
Revaluations 80,000
At 31 March 2025 985,000
NET BOOK VALUE
At 31 March 2025 985,000
At 31 March 2024 1,102,590

NJS DEVELOPMENTS LIMITED (REGISTERED NUMBER: 05684539)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025

5. INVESTMENT PROPERTY - continued

Fair value at 31 March 2025 is represented by:
£   
Valuation in 2016 174,382
Valuation in 2018 373,500
Valuation in 2019 (100,000 )
Valuation in 2020 952,118
Valuation in 2021 140,000
Valuation in 2022 117,250
Valuation in 2023 (497,250 )
Valuation in 2024 (57,410 )
Valuation in 2025 80,000
Cost (197,590 )
985,000

If investment property had not been revalued it would have been included at the following historical cost:

31.3.25 31.3.24
£    £   
Cost 485,880 590,039

Investment property was last valued on an open market basis on 31 March 2025 by the directors and estate agents .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Prepayments 2,702 2,261

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Other loans 2,189 2,189
Trade creditors 8,727 1
Other creditors 2,563 2,563
Directors' current accounts 3,600 2,400
Accrued expenses 2,298 2,191
19,377 9,344

NJS DEVELOPMENTS LIMITED (REGISTERED NUMBER: 05684539)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.25 31.3.24
£    £   
Other loans - 1-2 years 2,189 2,189
Other loans - 2-5 years 6,567 6,567
Other loans more 5yrs instal 50,668 51,185
Other loans more 5yrs non-inst 212,465 330,701
271,889 390,642

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Other loans more 5yrs non-inst 212,465 330,701

Repayable by instalments
Other loans more 5yrs instal 50,668 51,185

9. SECURED DEBTS

The following secured debts are included within creditors:

31.3.25 31.3.24
£    £   
Other loans 274,078 392,831

The mortgages are secured on the freehold property plus a personal guarantee given by the directors.

10. RESERVES
Fair
value
reserve
£   
At 1 April 2024 423,451
Reserve transfer (10,879 )

At 31 March 2025 412,572

Reserves includes non distributable reserves of £412,572 (2024: £423,451).

NJS DEVELOPMENTS LIMITED (REGISTERED NUMBER: 05684539)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025

11. RELATED PARTY DISCLOSURES

The ultimate controlling party of the company are the three directors N Pearson, J Botham and S McCrystal by virtue of their shareholdings.

During the year, the Company paid £8,727 (2024: £10,443) to Class Property Services for maintenance works and management services, a partnership, of which N Pearson and J Botham are partners. The balance outstanding at the year end was £8,727 (2024: £Nil).