Company No: 10634664 (England and Wales)

Contents

• Statement of Financial Position
• Notes to the Financial Statements

	Note	2025		2024
		£		£
				Restated - note 2
Fixed assets
Investment property	4	700,000		666,174
Investments	5	1		1
		700,001		666,175
Current assets
Debtors	6	350,723		341,661
Cash at bank and in hand		0		55
		350,723		341,716
Creditors: amounts falling due within one year	7	( 97,567)		( 89,763)
Net current assets		253,156		251,953
Total assets less current liabilities		953,157		918,128
Creditors: amounts falling due after more than one year	8	( 523,197)		( 547,705)
Provision for liabilities		( 37,853)		( 29,397)
Net assets		392,107		341,026
Capital and reserves
Called-up share capital	9	1		1
Other reserves		0		95,653
Profit and loss account	11	392,106		245,372
Total shareholder's funds		392,107		341,026

For the financial year ending 31 December 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of SJC Property Holding Ltd (registered number: 10634664) were approved and authorised for issue by the Director on 28 August 2026. They were signed on its behalf by:

Virginia Lorraine Cox Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

SJC Property Holding Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 1 Elmira Road, Gloucester, GL4 6TH, United Kingdom.

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 items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Group accounts exemption

Group accounts exemption s399
The Company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the Company as an individual entity and not about its group.

Prior year adjustment

Where material misstatements are found in prior year figures, then these figures are restated to show the corrected position as detailed in Note 2.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Statement of Financial Position date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Statement of Financial Position date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

Dividend income

Dividend income from investments is recognised when the shareholders' rights to receive payment have been established (provided that it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably).

Finance costs

Finance costs are charged to the Profit and Loss Account over the term of the debt using the effective interest method so the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

The fair value is determined annually by the director, on an open market value for existing use basis.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Prior year adjustment

During the year, the directors identified that certain amounts previously included within the Director's Loan Account related to business expenses and should have been recognised in the profit and loss account of the subsidiary company. In addition, a material liability arising under CTA 2010 s455 had not been recognised in the prior year. As a result we have adjusted the below figures accordingly:

		As previously reported		Adjustment		As restated
Year ended 31 December 2024		£		£		£
Corporation tax payable (Other debtors)		31,663		59,906		91,569
Amounts owed by director		272,894		(49,679)		223,215
Amounts owed to Group undertakings		(22,756)		48,633		25,877
Retained earnings		(246,418)		1,046		(245,372)
Taxation and social security		(3,891)		(59,906)		(63,797)

3. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	0		0

4. Investment property

	Investment property
	£
Valuation
As at 01 January 2025	666,174
Fair value movement	33,826
As at 31 December 2025	700,000

Valuation

A full market valuation of investment property was completed by 31 December 2025 at the Statement of Financial Position date. The fair value of the Companies residential investment property at 31 December 2025 have been arrived at on the basis of valuations carried out on that date by the directors.

5. Fixed asset investments

Investments in subsidiaries

	2025
	£
Cost
At 01 January 2025	1
At 31 December 2025	1
Carrying value at 31 December 2025	1
Carrying value at 31 December 2024	1

6. Debtors

	2025		2024
	£		£
Trade debtors	0		1,000
Amounts owed by Group undertakings	32,444		25,877
Amounts owed by director	225,848		223,215
Corporation tax	92,431		91,569
	350,723		341,661

7. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans (secured)	25,005		25,005
Accruals	2,699		961
Taxation and social security	69,863		63,797
	97,567		89,763

The bank loans are secured against the properties in which they relate to.

8. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Bank loans (secured)	523,197		547,705

The bank loans are secured against the properties in which they relate to.

Amounts repayable after more than 5 years are included in creditors falling due over one year:

	2025		2024
	£		£
Bank loans (secured)	422,681		447,686

The bank loans are secured against the properties in which they relate to.

9. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
1 Ordinary share of £ 1.00	1		1

10. Related party transactions

Transactions with the entity's director

	2025		2024
	£		£
Amounts owed by directors (Restated 2024)	225,848		223,215

The accounts bear interest at HMRC's standard rate and are treated as repayable on demand.

11. Profit and Loss Account

	2025		2024
	£		£
Profit and loss account - distributable	271,148		245,372
Profit and loss account - non-distributable	120,958		95,653
	392,106		341,025

Profit and loss account - distributable

This reserve relates to the aggregate of distributable profits and losses generated to date.

Profit and loss account - non-distributable

This reserve relates to the aggregate of fair value adjustments in respect of the investment properties, less the deferred tax charges on those fair value movements.