REGISTERED NUMBER: 10647173 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

NJ Property Group Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

J A Pollachi Shakhul

N Ray

REGISTERED OFFICE:

4 Millington Close

Reading

RG2 7LR

REGISTERED NUMBER:

10647173 (England and Wales)

ACCOUNTANTS:

Banks Sheridan

Datum House

Electra Way

Crewe

Cheshire

CW1 6ZF

FIXED ASSETS

Tangible assets

5

415

769

Investment property

6

4,356,716

4,301,948

4,357,131

4,302,717

CURRENT ASSETS

Cash at bank

13,145

8,055

CREDITORS

Amounts falling due within one year

7

(100,534

)

(51,221

)

NET CURRENT LIABILITIES

(87,389

)

(43,166

)

TOTAL ASSETS LESS CURRENT LIABILITIES

4,269,742

4,259,551

CREDITORS

Amounts falling due after more than one year

8

(3,666,286

)

(3,739,664

)

PROVISIONS FOR LIABILITIES

10

(153,455

)

(132,562

)

NET ASSETS

450,001

387,325

CAPITAL AND RESERVES

Called up share capital

4

4

Retained earnings

449,997

387,321

450,001

387,325

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.

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 Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 December 2025 and were signed on its behalf by:

N Ray - Director

1.	STATUTORY INFORMATION

NJ Property Group Limited ('The Company') is primarily engaged in the buying, selling and managing of its own real estate.

The company is a private company limited by shares and is incorporated in England and Wales. The address of the principal place of business and of the registered office is 4 Millington Close, Reading, England, RG2 7LR. The registered number can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£). Monetary amounts in these financial statements are rounded to the nearest £.

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Summary of significant accounting policies

The principle accounting policies applied in the preparation of these financial statements are set out below.

These policies have been consistently applied to all years presented, unless otherwise stated.

Basis of preparation

The financial statements are prepared on the going concern basis under the historical cost convention and comply with the United Kingdom Accounting Standards and Companies Act 2006.

Going concern

The directors have confirmed that they will continue to support the company and in particular the directors loans shown within creditors will only be repaid as and when the company's finances permit.

Not withstanding the net current liability position, no material uncertainties that may cast doubt about the ability of the company to continue as a going concern have been identified by the directors. Therefore, the directors consider it appropriate to prepare the financial statements on the going concern basis.

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

-

25% on reducing balance

Computer equipment

-

33% on cost

Investment property

Investment property is shown at fair value, the fair value is reviewed annually by the director. Any aggregate surplus or deficit arising from changes in the fair value in the year is recognised in the profit or loss within the Statement of Comprehensive Income. The cumulative fair value surplus on the investment property is treated as non-distributable reserves. Rentals received in the year from the investment property are included in other income. Rentals are recognised on a straight line basis over the period of the lease or to the date of the next rent review.

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 year end.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the year end.

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.

Impairment of assets

Assets not measured at fair value are reviewed for any indications that the asset may be impaired at each statement of financial position date. If such indications exists the recoverable amount of the asset or the assets cash generating unit is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Any losses arising from impairment are recognised in the Statement of Comprehensive Income under the appropriate heading.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 4 ) .

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 April 2024

and 31 March 2025

695

2,500

3,195

DEPRECIATION

At 1 April 2024

514

1,912

2,426

Charge for year

45

309

354

At 31 March 2025

559

2,221

2,780

NET BOOK VALUE

At 31 March 2025

136

279

415

At 31 March 2024

181

588

769

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

4,301,948

Additions

12,768

Revaluations

42,000

At 31 March 2025

4,356,716

NET BOOK VALUE

At 31 March 2025

4,356,716

At 31 March 2024

4,301,948

Fair value at 31 March 2025 is represented by:

£

Valuation in 2025

4,356,716

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

2,940

2,940

Trade creditors

294

299

Taxation and social security

695

27

Other creditors

96,605

47,955

100,534

51,221

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

2,959,963

2,907,341

Other creditors

706,323

832,323

3,666,286

3,739,664

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more than 5 years

2,948,203

2,895,581

The mortgage loans are secured on the company's investment properties. The loans are paid monthly on an interest only basis and are at various interest rates.

9.	LEASING AGREEMENTS

Minimum lease payments receivable fall due as follows:

Non-cancellable operating

leases

2035

2024

£

£

Within one year

23,077

24,430

Between one and five years

-

-

23,077

24,430

10.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

153,455

132,562

Deferred

tax

£

Balance at 1 April 2024

132,562

Charge to Income Statement during year

20,893

Balance at 31 March 2025

153,455

11.	NON-DISTRIBUTABLE RESERVES

The retained earnings shown in these financial statements are non-distributable as they represent the fair value surplus on the revaluation of investment properties. Included within retained earnings is an amount of £486,273 (2024: £454,773) which is non-distributable.