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Company No: 00856081 (England and Wales)

N J A LIMITED

Unaudited Financial Statements
For the financial year ended 31 December 2024
Pages for filing with the registrar

N J A LIMITED

Unaudited Financial Statements

For the financial year ended 31 December 2024

Contents

N J A LIMITED

COMPANY INFORMATION

For the financial year ended 31 December 2024
N J A LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 December 2024
DIRECTORS Denzil Fernandez
Renate Fernandez (Resigned 03 March 2024)
Peter Ferrari
REGISTERED OFFICE 22 Chancery Lane
London
WC2A 1LS
United Kingdom
COMPANY NUMBER 00856081 (England and Wales)
N J A LIMITED

BALANCE SHEET

As at 31 December 2024
N J A LIMITED

BALANCE SHEET (continued)

As at 31 December 2024
Note 2024 2023
£ £
Fixed assets
Investment property 4 6,635,190 6,597,800
Investments 5 702,832 625,683
7,338,022 7,223,483
Current assets
Debtors 6 56,873 69,649
Investments 7 3,274,139 3,081,040
Cash at bank and in hand 170,144 838,592
3,501,156 3,989,281
Creditors: amounts falling due within one year 8 ( 423,473) ( 681,473)
Net current assets 3,077,683 3,307,808
Total assets less current liabilities 10,415,705 10,531,291
Provision for liabilities ( 1,503,800) ( 1,488,260)
Net assets 8,911,905 9,043,031
Capital and reserves
Called-up share capital 254,759 254,759
Share premium account 59,516 59,516
Capital redemption reserve 119,273 119,273
Profit and loss account 8,478,357 8,609,483
Total shareholders' funds 8,911,905 9,043,031

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of N J A Limited (registered number: 00856081) were approved and authorised for issue by the Board of Directors on 13 August 2025. They were signed on its behalf by:

Denzil Fernandez
Director
N J A LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
N J A LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

N J A Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 22 Chancery Lane, London, WC2A 1LS, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the company and rounded to the nearest £.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Profit and Loss Account in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Within Turnover is rental income from investment properties. This represents rental income receivable during the year, exclusive of value added tax. Income is recognised evenly over the terms of the lease.

Dividend income

Dividends are recognised in the period in which the company becomes entitled to the dividend.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
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 financial statements. 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.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property, at rates calculated to write off the cost, of each asset on a straight-line basis over its expected useful life, as follows:

Plant and machinery etc. 4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

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 each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

The fair value is determined annually by the directors, on an open market value for existing use basis.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the company during the year, including directors 2 3

3. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 January 2024 109,936 109,936
At 31 December 2024 109,936 109,936
Accumulated depreciation
At 01 January 2024 109,936 109,936
At 31 December 2024 109,936 109,936
Net book value
At 31 December 2024 0 0
At 31 December 2023 0 0

4. Investment property

Investment property
£
Valuation
As at 01 January 2024 6,597,800
Additions 37,390
As at 31 December 2024 6,635,190

5. Fixed asset investments

Listed investments Other investments Total
£ £ £
Cost or valuation before impairment
At 01 January 2024 625,683 259,708 885,391
Additions 157,614 0 157,614
Disposals ( 142,623) 0 ( 142,623)
Movement in fair value 62,158 0 62,158
At 31 December 2024 702,832 259,708 962,540
Provisions for impairment
At 01 January 2024 0 259,708 259,708
At 31 December 2024 0 259,708 259,708
Carrying value at 31 December 2024 702,832 0 702,832
Carrying value at 31 December 2023 625,683 0 625,683

The fair value of listed investments was determined with reference to the quoted market price at the reporting date.

6. Debtors

2024 2023
£ £
Prepayments and accrued income 52,449 69,649
Other debtors 4,424 0
56,873 69,649

7. Current asset investments

2024 2023
£ £
Term deposit accounts 3,274,139 3,081,040

8. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 17,928 0
Amounts owed to directors (note 9) 210,320 178,564
Accruals and deferred income 8,502 103,821
Taxation and social security 51,432 143,109
Other creditors 135,291 255,979
423,473 681,473

9. Related party transactions

Transactions with the entity's directors

2024 2023
£ £
Amount due to directors at start of period 178,565 158,244
Amounts advanced 226,755 233,854
Amounts repaid (195,000) (213,533)
Amount due to directors at end of period 210,320 178,565