Company registration number 12792146 (England and Wales)
SIJ PROPERTY LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
PAGES FOR FILING WITH REGISTRAR
SIJ PROPERTY LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 7
SIJ PROPERTY LIMITED (REGISTERED NUMBER: 12792146)
BALANCE SHEET
AS AT
31 AUGUST 2025
31 August 2025
- 1 -
2025
2024
as restated
Notes
£
£
£
£
Fixed assets
Tangible assets
4
4,236
4,765
Investment property
5
2,350,000
844,333
2,354,236
849,098
Current assets
Debtors
6
122,317
69,156
Cash at bank and in hand
9,941
38,502
132,258
107,658
Creditors: amounts falling due within one year
7
(1,760,553)
(976,056)
Net current liabilities
(1,628,295)
(868,398)
Total assets less current liabilities
725,941
(19,300)
Creditors: amounts falling due after more than one year
8
-
0
(4,820)
Provisions for liabilities
(199,223)
-
Net assets/(liabilities)
526,718
(24,120)
Capital and reserves
Called up share capital
100
100
Non-distributable profits reserve
9
597,670
-
0
Distributable profit and loss reserves
(71,052)
(24,220)
Total equity
526,718
(24,120)
SIJ PROPERTY LIMITED (REGISTERED NUMBER: 12792146)
BALANCE SHEET (CONTINUED)
AS AT
31 AUGUST 2025
31 August 2025
- 2 -

For the financial year ended 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 4 February 2026 and are signed on its behalf by:
Mr I A Davis
Director
SIJ PROPERTY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
- 3 -
1
Accounting policies
Company information

SIJ Property Limited is a private company limited by shares incorporated in England and Wales. The registered office is 14 Romney Place, Maidstone, Kent, ME15 6LE.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard 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 a mounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Going concern

A true t the time of approving the financial statements, t he directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
10% straight line
1.4
Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. Changes in fair value are recognised in profit or loss.

1.5
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

SIJ PROPERTY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
- 4 -
2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Key sources of estimation uncertainty

The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are as follows.

Investment property valuation

Investment property is valued at fair value on the basis of directors' estimates and judgements. Valuations are made on an open market value basis by reference to market evidence of transaction prices for similar properties. The directors do not consider it necessary to obtain a valuation by an independent valuer.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
2
2
4
Tangible fixed assets
Fixtures and fittings
£
Cost
At 1 September 2024 and 31 August 2025
5,294
Depreciation and impairment
At 1 September 2024
529
Depreciation charged in the year
529
At 31 August 2025
1,058
SIJ PROPERTY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
4
Tangible fixed assets
Fixtures and fittings
£
(Continued)
- 5 -
Carrying amount
At 31 August 2025
4,236
At 31 August 2024
4,765
5
Investment property
2025
£
Fair value
At 1 September 2024
844,333
Additions
708,774
Revaluations
796,893
At 31 August 2025
2,350,000

Investment property comprises properties at fair value of £2,350,000 (2024 - £844,333). The fair value of the investment property has been arrived at on the basis of a valuation carried out by the directors as described in note 2.

If investment properties were stated on an historical cost basis rather than a fair value basis, the amounts would have been included as follows:
2025
2024
£
£
Cost
1,553,107
844,333
Accumulated depreciation
-
-
Carrying amount
1,553,107
844,333
6
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
122,317
69,156
SIJ PROPERTY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
- 6 -
7
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
1,313,805
582,873
Trade creditors
-
0
43,942
Other creditors
446,748
349,241
1,760,553
976,056

Bank loans and overdrafts includes a loan totalling £1,300,042 (2024: £577,739) which is secured by a fixed charge over the company's investment property.

8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
-
0
4,820
9
Non-distributable profits reserve
2025
2024
£
£
At the beginning of the year
-
-
Non distributable profits in the year
597,670
-
At the end of the year
597,670
-
10
Prior period adjustment
Reconciliation of changes in equity
1 September
31 August
2023
2024
Notes
£
£
Adjustments to prior year
Capitalisation of borrowing costs
1
-
34,049
Equity as previously reported
100
(58,169)
Equity as adjusted
100
(24,120)
Analysis of the effect upon equity
Profit and loss reserves
-
34,049
SIJ PROPERTY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
10
Prior period adjustment
(Continued)
- 7 -
Reconciliation of changes in loss for the previous financial period
2024
Notes
£
Adjustments to prior year
Capitalisation of borrowing costs
1
34,049
Loss as previously reported
(58,269)
Loss as adjusted
(24,220)
Notes to reconciliation
1 Capitalisation of borrowing costs

In the financial statements for the year ended 31 August 2024, borrowing costs of £34,049 relating to the construction of investment property were incurred and included within interest payable and similar expenses. These costs are now being capitalised as part of investment property.

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