REGISTERED NUMBER: 05940238 (England and Wales)

BJN LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

N I Cole

Mrs J L Cole

S Cole

SECRETARY:

Mrs J L Cole

REGISTERED OFFICE:

3-4 Lower Vicarage Road

Woolston

Southampton

Hampshire

SO19 7RJ

REGISTERED NUMBER:

05940238 (England and Wales)

FIXED ASSETS

Tangible assets

4

-

-

Investment property

5

425,000

425,000

425,000

425,000

CURRENT ASSETS

Debtors

6

57,600

50,589

CREDITORS

Amounts falling due within one year

7

(41,460

)

(22,600

)

NET CURRENT ASSETS

16,140

27,989

TOTAL ASSETS LESS CURRENT LIABILITIES

441,140

452,989

CREDITORS

Amounts falling due after more than one year

8

(254,908

)

(293,559

)

NET ASSETS

186,232

159,430

CAPITAL AND RESERVES

Called up share capital

100

100

Profit and loss reserve - unrealised

(82,262

)

(82,262

)

Profit and loss reserve - realised

268,394

241,592

SHAREHOLDERS' FUNDS

186,232

159,430

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 October 2025 and were signed on its behalf by:

S Cole - Director

1.	STATUTORY INFORMATION

BJN 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standards applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies' regime.

The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention, modified to include certain financial instruments at fair value. The principal accounting policies adopted are set out below.

Rental income

Rental income is based on the amounts receivable from tenants occupying the company's investment property.

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 5 years

Fixtures and fittings assets have been fully depreciated.

Investment property

The investment property is shown at its fair value as estimated by the directors. Any movements in fair value are recognised in arriving at the profit before tax. Deferred tax is provided against these movements.

Financial assets

The Company has elected to apply the provision of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial assets are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Basic financial assets, which include trade and other receivables and cash and bank balances are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method, unless the arrangement constitutes a financial transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Financial liabilities

Basic financial liabilities which include trade and other payables, are initially measured at transaction price and subsequently measured at amortised cost, unless the arrangement constitutes a financing transaction where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Equity instruments

Equity instruments issued by the company are recorded at the fair value of the proceeds received net of direct issue costs. Dividend's payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 May 2024

and 30 April 2025

6,223

DEPRECIATION

At 1 May 2024

and 30 April 2025

6,223

NET BOOK VALUE

At 30 April 2025

-

At 30 April 2024

-

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 May 2024

and 30 April 2025

425,000

NET BOOK VALUE

At 30 April 2025

425,000

At 30 April 2024

425,000

Fair value at 30 April 2025 is represented by:

£

Valuation in 2009

42,738

Valuation in 2010

(60,000

)

Valuation in 2019

(65,000

)

Cost

507,262

425,000

The investment property was revalued on an open market basis by the directors at the balance sheet date.

If the property was to be sold at this value, no tax liability would arise.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amounts owed by group undertakings

-

7,382

Other debtors

57,600

43,207

57,600

50,589

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

21,300

20,700

Amounts owed to group undertakings

10,077

-

Taxation and social security

6,351

-

Other creditors

3,732

1,900

41,460

22,600

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

113,197

134,744

Amounts owed to group undertakings

141,711

158,815

254,908

293,559

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more than 5 years

by instalments

21,024

45,410

21,024

45,410

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

134,494

155,387

The bank loan is secured against the investment property.

10.	RELATED PARTY DISCLOSURES

As at the balance sheet date the directors owed the company £Nil (2024 - £1,050). The loans are interest free and repayable upon demand.