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REGISTERED NUMBER: 10634664 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 December 2024

for

SJC Property Holding Ltd

SJC Property Holding Ltd (Registered number: 10634664)

Contents of the Financial Statements
for the Year Ended 31 December 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


SJC Property Holding Ltd

Company Information
for the Year Ended 31 December 2024







DIRECTOR: Ms V L Cox



REGISTERED OFFICE: 1 Elmira Road
Gloucester
GL4 6TH



REGISTERED NUMBER: 10634664 (England and Wales)



ACCOUNTANTS: HATS Gloucester Ltd
48 Hucclecote Road
Gloucester
Gloucestershire
GL3 3RS



BANKERS: National Westminster Bank Plc
21 Eastgate Street
Gloucester
GL1 1NH

SJC Property Holding Ltd (Registered number: 10634664)

Statement of Financial Position
31 December 2024

31/12/24 31/12/23
Notes £    £    £    £   
FIXED ASSETS
Investments 4 1 1
Investment property 5 666,174 666,174
666,175 666,175

CURRENT ASSETS
Debtors 6 305,558 131,106
Cash at bank 55 1,789
305,613 132,895
CREDITORS
Amounts falling due within one year 7 52,614 115,965
NET CURRENT ASSETS 252,999 16,930
TOTAL ASSETS LESS CURRENT
LIABILITIES

919,174

683,105

CREDITORS
Amounts falling due after more than one
year

8

(547,705

)

(238,313

)

PROVISIONS FOR LIABILITIES (29,397 ) (29,397 )
NET ASSETS 342,072 415,395

CAPITAL AND RESERVES
Called up share capital 1 1
Fair value reserve 95,653 95,653
Retained earnings 246,418 319,741
SHAREHOLDERS' FUNDS 342,072 415,395

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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.

SJC Property Holding Ltd (Registered number: 10634664)

Statement of Financial Position - continued
31 December 2024


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 director and authorised for issue on 11 July 2025 and were signed by:





Ms V L Cox - Director


SJC Property Holding Ltd (Registered number: 10634664)

Notes to the Financial Statements
for the Year Ended 31 December 2024


1. STATUTORY INFORMATION

SJC Property Holding Ltd 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.

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.

Preparation of consolidated financial statements
The financial statements contain information about SJC Property Holding Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus of deficit arising from changes in fair value is recognised in the Income Statement.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

SJC Property Holding Ltd (Registered number: 10634664)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024


4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
Cost
At 1 January 2024
and 31 December 2024 1
Net book value
At 31 December 2024 1
At 31 December 2023 1

5. INVESTMENT PROPERTY
Total
£   
Fair value
At 1 January 2024
and 31 December 2024 666,174
Net book value
At 31 December 2024 666,174
At 31 December 2023 666,174

If investment property had not been revalued it would have been included at the historical cost of £541,188 (2023 - £541,188).

The director appointed local property agents to value the investment property in December 2024, with the valuations remaining the same as the prior year.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/24 31/12/23
£    £   
Trade debtors 1,000 -
Other debtors 304,558 131,106
305,558 131,106

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/24 31/12/23
£    £   
Bank loans and overdrafts 25,005 28,573
Amounts owed to group undertakings 22,756 60,205
Taxation and social security 3,892 26,225
Other creditors 961 962
52,614 115,965

SJC Property Holding Ltd (Registered number: 10634664)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/12/24 31/12/23
£    £   
Bank loans 547,705 238,313

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 447,686 124,021

9. SECURED DEBTS

The following secured debts are included within creditors:

31/12/24 31/12/23
£    £   
Bank loans 572,710 266,886

The bank loans are secured by fixed charges over the company's investment properties. The bank also holds a fixed and floating charge over the company's assets and those of Transitions Supported Living Ltd, a subsidiary company of SJC Property Holding Ltd.

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

31/12/24 31/12/23
£    £   
Ms V L Cox
Balance outstanding at start of year 95,399 102,214
Amounts advanced 262,495 78,185
Amounts repaid (85,000 ) (85,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 272,894 95,399

Included in other debtors at 31 December 2024, is £272,894 (2023 - £95,399) owed to the company by the above director. The loan has no fixed repayment terms and interest has been charged at HM Revenue & Custom's official rate of interest.

11. RELATED PARTY DISCLOSURES

Transitions Supported Living Ltd
A wholly owned subsidiary of SJC Property Holding Ltd

During the period, Transitions Supported Living Ltd loaned funds to the company. At 31 December 2024, the loan balance due to it's subsidiary was £22,756 (2023 - £60,205). The loan is interest free and has no fixed repayment terms.