IRIS Accounts Production v25.4.12.37 SC223111 director 1.7.24 30.6.25 30.6.25 0 0 false true false false true false Fair value model Ordinary 1.00000 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh SC223111 2024-06-30 SC223111 2025-06-30 SC223111 2024-07-01 2025-06-30 SC223111 2023-06-30 SC223111 2023-07-01 2024-06-30 SC223111 2024-06-30 SC223111 ns15:Scotland 2024-07-01 2025-06-30 SC223111 ns14:PoundSterling 2024-07-01 2025-06-30 SC223111 ns10:Director1 2024-07-01 2025-06-30 SC223111 ns10:PrivateLimitedCompanyLtd 2024-07-01 2025-06-30 SC223111 ns10:SmallEntities 2024-07-01 2025-06-30 SC223111 ns10:AuditExempt-NoAccountantsReport 2024-07-01 2025-06-30 SC223111 ns10:SmallCompaniesRegimeForDirectorsReport 2024-07-01 2025-06-30 SC223111 ns10:SmallCompaniesRegimeForAccounts 2024-07-01 2025-06-30 SC223111 ns10:FullAccounts 2024-07-01 2025-06-30 SC223111 ns10:OrdinaryShareClass1 2024-07-01 2025-06-30 SC223111 ns10:RegisteredOffice 2024-07-01 2025-06-30 SC223111 ns5:CurrentFinancialInstruments 2025-06-30 SC223111 ns5:CurrentFinancialInstruments 2024-06-30 SC223111 ns5:Non-currentFinancialInstruments 2025-06-30 SC223111 ns5:Non-currentFinancialInstruments 2024-06-30 SC223111 ns5:ShareCapital 2025-06-30 SC223111 ns5:ShareCapital 2024-06-30 SC223111 ns5:SharePremium 2025-06-30 SC223111 ns5:SharePremium 2024-06-30 SC223111 ns5:RevaluationReserve 2025-06-30 SC223111 ns5:RevaluationReserve 2024-06-30 SC223111 ns5:RetainedEarningsAccumulatedLosses 2025-06-30 SC223111 ns5:RetainedEarningsAccumulatedLosses 2024-06-30 SC223111 ns5:PlantMachinery 2024-06-30 SC223111 ns5:PlantMachinery 2025-06-30 SC223111 ns5:PlantMachinery 2024-06-30 SC223111 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-06-30 SC223111 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-06-30 SC223111 ns5:Secured 2025-06-30 SC223111 ns5:Secured 2024-06-30 SC223111 ns10:OrdinaryShareClass1 2025-06-30

REGISTERED NUMBER: SC223111 (Scotland)

Unaudited Financial Statements for the Year Ended 30 June 2025

for

FJE Property Investments Limited

FJE Property Investments Limited (Registered number: SC223111)

Contents of the Financial Statements

for the Year Ended 30 June 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

FJE Property Investments Limited

Company Information

for the Year Ended 30 June 2025

| DIRECTOR: | F J Esposito

| REGISTERED OFFICE: | 61 Lorne Street

| Dundee

| DD2 3HE

| REGISTERED NUMBER: | SC223111 (Scotland)

| ACCOUNTANTS: | HMR Consulting Limited

| Kirk Farm Cottage

| Lundie

| Dundee

| Angus

| DD2 5NW

| SOLICITORS: | BTO Solicitors LLP

| One Edinburgh Quay

| 133 Fountainbridge

| Edinburgh

| EH3 9QG

FJE Property Investments Limited (Registered number: SC223111)

Balance Sheet

30 June 2025

| 30.6.25 | 30.6.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 6 |  | 6 |  |

Investment property | 5 | 4,585,000 |  | 3,980,796 |  |

4,585,006 |  | 3,980,802 |  |

CURRENT ASSETS

Debtors | 6 | 4,623 |  | 3,013 |  |

Cash at bank | 308,606 |  | 304,214 |  |

313,229 |  | 307,227 |  |

CREDITORS

Amounts falling due within one year | 7 | 2,012,286 |  | 1,823,464 |  |

NET CURRENT LIABILITIES | (1,699,057 | ) | (1,516,237 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 2,885,949 |  | 2,464,565 |  |

CREDITORS

Amounts falling due after more than one year | 8 | (829,865 | ) | (687,963 | ) |

PROVISIONS FOR LIABILITIES | (271,799 | ) | (211,476 | ) |

NET ASSETS | 1,784,285 |  | 1,565,126 |  |

CAPITAL AND RESERVES

Called up share capital | 10 | 1,036 |  | 1,036 |  |

Share premium | 26,064 |  | 26,064 |  |

Revaluation reserve | 1,475,143 |  | 1,233,849 |  |

Retained earnings | 282,042 |  | 304,177 |  |

SHAREHOLDERS' FUNDS | 1,784,285 |  | 1,565,126 |  |

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

FJE Property Investments Limited (Registered number: SC223111)

Balance Sheet - continued

30 June 2025

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 10 March 2026 and were signed by:

F J Esposito - Director

FJE Property Investments Limited (Registered number: SC223111)

Notes to the Financial Statements

for the Year Ended 30 June 2025

1. | STATUTORY INFORMATION

| FJE Property Investments Limited is a private company, limited by shares , registered in Scotland. 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 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. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

| Turnover

| Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised.

| Rendering of services:

| Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

| - the amount of turnover can be measured reliably;

| - it is probable that the Company will receive the consideration due under the contract;

| - the stage of completion of the contract at the end of the reporting period can be measured reliably; and

| - the costs incurred and the costs to complete the contract can be measured reliably.

| Tangible fixed assets

| Tangible fixed assets under the cost model, other than investment properties, are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

| Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method. Depreciation is provided on the following basis:

| Fixtures and Fittings - 15% straight line

| The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

| Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Profit and Loss account.

| Revaluation of tangible fixed assets:

| Individual freehold and leasehold properties are carried at current year fair value at the date of the revaluation less any subsequent accummulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the Statement of financial position date.

| Fair values are determined from market based evidence normally undertaken by professionally qualified valuers.

| Revaluation gains and losses are recognised in the Profit and Loss account unless losses exceed previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.

FJE Property Investments Limited (Registered number: SC223111)

Notes to the Financial Statements - continued

for the Year Ended 30 June 2025

2. | ACCOUNTING POLICIES - continued

| Investment property

| Investment property is carried at fair value determined by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Profit and Loss account.

| Current and deferred taxation

| The tax expense for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss account, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

| The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the Statement of Financial Position date, except that

| balance sheet

| - The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

| - Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

| Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired andthe amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

| Operating leases: the company as lessee

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

| Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

| The Company has taken advantage of the optional exemption available on transition to FRS 102 which allows lease incentives on leases entered into before the date of transition to the standard on 1 July 2016 to continue to be charged over the period to hte first market rent review rather than the term of the lease.

| Borrowing costs

| All borrowing costs are recognised in the Profit and Loss account in the year in which they are incurred.

| Provisions for liabilities

| Provisions are made where an event has taken place that gives the Company a leagl or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

| Provisions are charged as an expense to the Profit and Loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the Statement of financial position date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

| When payments are eventually made, they are charged to the provision carried in the Statement of financial position.

FJE Property Investments Limited (Registered number: SC223111)

Notes to the Financial Statements - continued

for the Year Ended 30 June 2025

3. | EMPLOYEES

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

4. | TANGIBLE FIXED ASSETS

| Plant and

| machinery

| etc

£ |

| COST

| At 1 July 2024

| and 30 June 2025 | 6,926 |  |

| DEPRECIATION

| At 1 July 2024

| and 30 June 2025 | 6,920 |  |

| NET BOOK VALUE

| At 30 June 2025 | 6 |  |

| At 30 June 2024 | 6 |  |

5. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 July 2024 | 3,980,796 |  |

| Additions | 362,910 |  |

| Revaluations | 241,294 |  |

| At 30 June 2025 | 4,585,000 |  |

| NET BOOK VALUE

| At 30 June 2025 | 4,585,000 |  |

| At 30 June 2024 | 3,980,796 |  |

| The valuations at the year end were made by the director on an open market value for existing use basis.

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 30.6.25 |  | 30.6.24

£ | £ |

| Trade debtors | 893 |  | (575 | ) |

| Other debtors | 3,730 |  | 3,588 |  |

4,623 |  | 3,013 |  |

FJE Property Investments Limited (Registered number: SC223111)

Notes to the Financial Statements - continued

for the Year Ended 30 June 2025

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 30.6.25 |  | 30.6.24

£ | £ |

| Bank loans and overdrafts | 1,660,881 |  | 1,470,174 |  |

| Trade creditors | 4,903 |  | 600 |  |

| Taxation and social security | 12,730 |  | 19,917 |  |

| Other creditors | 333,772 |  | 332,773 |  |

2,012,286 |  | 1,823,464 |  |

8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

| 30.6.25 |  | 30.6.24

£ | £ |

| Bank loans | 829,865 |  | 687,963 |  |

9. | SECURED DEBTS

| The following secured debts are included within creditors:

| 30.6.25 |  | 30.6.24

£ | £ |

| Bank loans | 2,490,746 |  | 2,158,137 |  |

| A standard security over the company property exists in favour of Bank of Scotland.

10. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 30.6.25 |  | 30.6.24

| value: | £ | £ |

| 1,036 | Ordinary | £1 | 1,036 |  | 1,036 |  |