0 false false false false false false false false false false true false false false false false false No description of principal activity 2024-02-26 Sage Accounts Production Advanced 2024 - FRS102_2024 444,424 30,576 475,000 475,000 xbrli:pure xbrli:shares iso4217:GBP 15522302 2024-02-26 2025-02-28 15522302 2025-02-28 15522302 2024-02-25 15522302 bus:Director2 2024-02-26 2025-02-28 15522302 core:LandBuildings core:OwnedOrFreeholdAssets 2024-02-26 2025-02-28 15522302 core:AfterOneYear 2025-02-28 15522302 core:WithinOneYear 2025-02-28 15522302 core:ShareCapital 2025-02-28 15522302 core:OtherReservesSubtotal 2025-02-28 15522302 core:RetainedEarningsAccumulatedLosses 2025-02-28 15522302 core:LandBuildings core:OwnedOrFreeholdAssets 2025-02-28 15522302 bus:Director1 2024-02-26 2025-02-28 15522302 bus:SmallEntities 2024-02-26 2025-02-28 15522302 bus:AuditExemptWithAccountantsReport 2024-02-26 2025-02-28 15522302 bus:SmallCompaniesRegimeForAccounts 2024-02-26 2025-02-28 15522302 bus:PrivateLimitedCompanyLtd 2024-02-26 2025-02-28 15522302 bus:FullAccounts 2024-02-26 2025-02-28
COMPANY REGISTRATION NUMBER: 15522302

SJSR PROPERTY LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

28 February 2025

SJSR PROPERTY LIMITED

STATEMENT OF FINANCIAL POSITION

28 February 2025

| 28 Feb 25
Note | £ | £

FIXED ASSETS

Tangible assets | 4 |  | 475,000

CURRENT ASSETS

Cash at bank and in hand | 2,907 |

CREDITORS: amounts falling due within one year | 5 | 181,449 |
| --------- |
NET CURRENT LIABILITIES |  | 178,542
|  | ---------
TOTAL ASSETS LESS CURRENT LIABILITIES |  | 296,458

CREDITORS: amounts falling due after more than one year | 6 |  | 319,556
|  | ---------
NET LIABILITIES |  | ( 23,098)
|  | ---------

CAPITAL AND RESERVES

Called up share capital fully paid |  | 4
Revaluation reserve |  | 30,576
Profit and loss account |  | ( 53,678)
|  | --------
SHAREHOLDERS DEFICIT |  | ( 23,098)
|  | --------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the period ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

SJSR PROPERTY LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

28 February 2025
These financial statements were approved by the board of directors and authorised for issue on 4 November 2025 , and are signed on behalf of the board by:

Mrs R Omoloso
Director

Company registration number: 15522302

SJSR PROPERTY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

PERIOD FROM 26 FEBRUARY 2024 TO 28 FEBRUARY 2025
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 1 Hill Farm Estate, Little Addington, Kettering, NN14 4AS.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis.The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The company currently meets its daily working capital requirements through operating revenues and financial support from the directors. On this basis, the directors consider it appropriate to prepare the accounts on the going concern basis. The accounts do not include any adjustments that would result from the failure to raise any additional finance that may prove necessary.
Revenue recognition
Turnover represents the amount derived from rent receivable.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Investment properties are initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment properties are revalued to their fair value at each reporting date and any changes in fair value are recognised in profit or loss.
4. TANGIBLE ASSETS

| Investment Property
| £
Cost or valuation |
At 26 February 2024 | –
Additions | 444,424
Revaluations | 30,576
| ---------
At 28 February 2025 | 475,000
| ---------
Depreciation |
At 26 February 2024 and 28 February 2025 | –
| ---------
Carrying amount |
At 28 February 2025 | 475,000
| ---------

5. CREDITORS: amounts falling due within one year

| 28 Feb 25
| £
Other creditors | 181,449
| ---------

6. CREDITORS: amounts falling due after more than one year

| 28 Feb 25
| £
Mortgages | 319,556
| ---------

The mortgages are secured on properties held by the company.
7. RELATED PARTY TRANSACTIONS
The directors have advanced monies to the company. At 28 February 2025 the amount due from the company was £180,249.
8. GOING CONCERN
The directors have considered the period to 30 November 2026 when assessing the company's ability to continue as a going concern. It is believed that the company will be able to satisfy its liabilities as these become payable, or alternatively will be sold as a going concern.