REGISTERED NUMBER: 04427251 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025

FOR

NJA PROPERTY MANAGEMENT LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

N J Allen

SECRETARY:

Mrs L Allen

REGISTERED OFFICE:

The Office

40 Manor Street

Ruskington

Sleaford

Lincolnshire

NG34 9ER

REGISTERED NUMBER:

04427251 (England and Wales)

FIXED ASSETS

Tangible assets

5

-

-

Investment property

6

8,664,000

5,672,171

8,664,000

5,672,171

CURRENT ASSETS

Stocks

272,294

461,888

Debtors

7

1,515,039

1,907,166

Cash at bank and in hand

13,723

86,494

1,801,056

2,455,548

CREDITORS

Amounts falling due within one year

8

504,018

655,243

NET CURRENT ASSETS

1,297,038

1,800,305

TOTAL ASSETS LESS CURRENT LIABILITIES

9,961,038

7,472,476

CREDITORS

Amounts falling due after more than one year

9

(1,767,275

)

(1,808,800

)

PROVISIONS FOR LIABILITIES

11

(951,349

)

(314,190

)

NET ASSETS

7,242,414

5,349,486

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Share premium

134,046

134,046

Fair value reserve

12

3,688,344

1,776,868

Retained earnings

3,419,024

3,437,572

SHAREHOLDERS' FUNDS

7,242,414

5,349,486

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

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 6 May 2026 and were signed by:

N J Allen - Director

1.	STATUTORY INFORMATION

NJA Property Management Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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

BASIS OF PREPARING THE FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

The preparation of financial statements in compliance with FRS102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies.

SIGNIFICANT JUDGEMENTS AND ESTIMATES

No significant judgements have had to be made by the director in preparing these financial statements.

The director has made key assumptions in the determination of fair value of investment properties in respect of the state of the property market in the location where the property is situated and in respect of the range of reasonable fair value estimates of the assets.

REVENUE

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable in respect of sales of land and property and rental income, excluding discounts, rebates, value added tax and other sales taxes.

The following criteria must also be met before revenue is recognised:

Sale of goods

Turnover from the sale of goods is recognised when all of the following conditions are satisfied:

- the Company has transferred the significant risks and rewards of ownership to the buyer;

- the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

- the amount of turnover can be measured reliably;

- it is probable that the Company will receive the consideration due under the transaction; and

- the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rental income

Revenue in the form of rental income comprises the value of rental income receivable from the letting of investment property owned by the Company.

Rental income is recognised on a time basis and is measured over the duration of each respective tenancy agreement.

TANGIBLE FIXED ASSETS

Tangible fixed assets under the cost model 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 estimated residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following bases:

Computer equipment - 25%

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 thee proceeds with the carrying amount and are recognised in the Statement of income and retained earnings.

INVESTMENT PROPERTY

Investment property is carried at fair value determined annually by the director 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. The company engage an independent valuer to assist the director in determining fair value.

Investment property whose fair value can be measured reliably are recorded at fair value with any surplus or deficit on revaluation being recognised in the income statement accumulated in a non-distributable reserve.

No depreciation is charged on investment property.

STOCKS

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods are stated at cost price and include labour.

Costs include all direct costs in bringing the stock or work in progress to its present condition and include an appropriate proportion of land and infrastructure costs allocated to each plot. Losses on developments are recognised in the period in which they are identified.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

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 balance sheet date.

DEFERRED TAX

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

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.

HIRE PURCHASE AND LEASING COMMITMENTS

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

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

5.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 November 2024

and 31 October 2025

8,590

DEPRECIATION

At 1 November 2024

and 31 October 2025

8,590

NET BOOK VALUE

At 31 October 2025

-

At 31 October 2024

-

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 November 2024

5,672,171

Additions

488,456

Disposals

(45,262

)

Revaluations

2,548,635

At 31 October 2025

8,664,000

NET BOOK VALUE

At 31 October 2025

8,664,000

At 31 October 2024

5,672,171

Investment property was valued on an open market value basis on 31 October 2025 by the director.

A selection of the investment properties properties were also the subject of a professional valuation carried out by Eddisons on 29 October 2025.

If investment property had not been revalued, it would have been included at a historical cost of £4,024,932 (2024 - £3,581,738).

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

1,515,039

1,907,166

Other debtors include the following amounts due from companies in which Mr N J Allen holds an interest:

Chanceoption Homes Limited - £ NIL (2024 - £103,676)

BBA Property Management Ltd - £ 621,722 (2024 - £621,722)

NJAPM Homes Limited - £ 871,814 (2024 - £1,151,765)

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

113,050

113,050

Trade creditors

-

1

Taxation and social security

23,851

157,836

Other creditors

367,117

384,356

504,018

655,243

Included in other creditors is an amount payable to the director of £14,281 (2024 - £19,335).

Also included is an amount due to Chanceoption Homes Limited, a company in which NJ Allen is a director and shareholder, amounting to £84,673 (2024 - £NIL).

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

1,767,275

1,808,800

10.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

1,880,325

1,921,850

The bank loans are secured by a debenture and legal charges over individual investment properties.

11.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

951,349

314,190

Deferred

tax

£

Balance at 1 November 2024

314,190

Provision on revaluation

637,159

Balance at 31 October 2025

951,349

12.

RESERVES

Fair

value

reserve

£

At 1 November 2024

1,776,868

Non distributable in the year

1,911,476

At 31 October 2025

3,688,344

13.	ULTIMATE CONTROLLING PARTY

The controlling party is N J Allen.