Registration number: 14375919

SJMI Properties Limited

Contents

Balance Sheet	1
Notes to the Unaudited Financial Statements	2 to 6

SJMI Properties Limited

(Registration number: 14375919)
Balance Sheet as at 30 September 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	2,082	3,203
Investment property	5	4,661,321	4,797,685
Other financial assets	6	431,751	405,391
		5,095,154	5,206,279
Current assets
Debtors	7	29,139	4,243
Cash at bank and in hand		8,904	15,430
		38,043	19,673
Creditors: Amounts falling due within one year	8	(39,943)	(46,564)
Net current liabilities		(1,900)	(26,891)
Total assets less current liabilities		5,093,254	5,179,388
Creditors: Amounts falling due after more than one year	8	(2,477,627)	(2,469,686)
Provisions for liabilities		-	(7,026)
Net assets		2,615,627	2,702,676
Capital and reserves
Called up share capital	9	100	100
Share premium reserve		2,672,949	2,672,949
Other reserves		-	54,369
Profit and loss account		(57,422)	(24,742)
Shareholders' funds		2,615,627	2,702,676

For the financial year ending 30 September 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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 31 May 2026 and signed on its behalf by:
 

 

Mr S C MacLoughlin
Director

SJMI Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
47 Uplands Road
Bournemouth
BH8 9SR

2	Accounting policies

Basis of preparation

These financial statements have been prepared using the historical cost convention in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

The presentation currency is sterling.

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Going concern
The financial statements have been prepared on a going concern basis.

Revenue recognition
Turnover comprises rental income received or receivable in the ordinary course of the company's activities.

The company recognises revenue when:

The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities

Tax

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated at cost, less any subsequent accumulated depreciation and accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

SJMI Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

Depreciation
Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and equipment	25% straight line

Investment property

Investment property is measured at fair value at each reporting date with changes in fair value recognised in the profit and loss account.

Investments

Investments in shares are measured at market value, with changes in fair value recognised in the profit and loss account.

Cash
Cash comprises cash on hand and all deposits.

Debtors
Debtors are amounts due from tenants for rent receivable and other associated letting fees in the ordinary course of the business.

Debtors are recognised at the transaction price. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised at the transaction price.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Defined contribution pension obligation

The company operates a defined contribution plan for the benefit of its directors. Contributions are expensed as they become payable.

3	Staff numbers

The average number of persons employed by the company during the year was 0 (2024 - 0).

SJMI Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

4	Tangible assets

	Plant and equipment  £	Total £
Cost
At 1 October 2024	4,481	4,481
At 30 September 2025	4,481	4,481
Depreciation
At 1 October 2024	1,278	1,278
Charge for the year	1,121	1,121
At 30 September 2025	2,399	2,399
Net book value
At 30 September 2025	2,082	2,082
At 30 September 2024	3,203	3,203

5	Investment property

	2025 £	2024 £
At 1 October	4,797,685	4,320,000
Additions	13,481	421,880
Fair value adjustments	(149,845)	55,805
At 30 September	4,661,321	4,797,685

The properties were valued by the directors at their market value using current market data for similar properties in the same
areas.

SJMI Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

6	Other financial assets (current and non-current)

	Other financial assets £	Total £
At 1 October	405,391	405,391
Additions	729,780	729,780
Fair value adjustments	33,655	33,655
Disposals	(737,075)	(737,075)
At 30 September	431,751	431,751

7

Debtors

	2025 £	2024 £
Other debtors	25,583	1,969
Prepayments	3,556	2,274
	29,139	4,243

8

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Trade creditors	2,462	15,542
Taxation and social security	-	2,762
Other creditors	27,686	20,824
Other loans	4,103	3,791
Accruals	5,692	3,645
	39,943	46,564