S.c.j. Properties Bristol limited - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 04086114 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 August 2017

for

S.c.j. Properties Bristol limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Ms S Packer

SECRETARY:

E Ward

REGISTERED OFFICE:

12 Durdham Park

Redland

Bristol

BS6 6XA

REGISTERED NUMBER:

04086114 (England and Wales)

ACCOUNTANTS:

Chartax Accounting & Taxation Limited

2nd Floor, 53 High Street

Keynsham

N E Somerset

BS31 1DS

FIXED ASSETS

Investment property

3

1,400,000

1,200,000

CURRENT ASSETS

Stocks

1,281,422

-

Debtors

4

-

203,180

Cash at bank

267,969

62,503

1,549,391

265,683

CREDITORS

Amounts falling due within one year

5

1,124,474

199,971

NET CURRENT ASSETS

424,917

65,712

TOTAL ASSETS LESS CURRENT LIABILITIES

1,824,917

1,265,712

CREDITORS

Amounts falling due after more than one year

6

(400,000

)

(101,998

)

PROVISIONS FOR LIABILITIES

(191,320

)

(153,320

)

NET ASSETS

1,233,597

1,010,394

CAPITAL AND RESERVES

Called up share capital

1

1

Fair value reserve

8

815,629

653,629

Retained earnings

417,967

356,764

SHAREHOLDERS' FUNDS

1,233,597

1,010,394

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 30 May 2018 and were signed by:

Ms S Packer - Director

1.	STATUTORY INFORMATION

S.c.j. Properties Bristol 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.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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 represents the value of net rents receivable from tenants during the year.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in

fair value is recognised in profit or loss.

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in

bringing stocks to their present location and condition.

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.

3.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 September 2016

1,200,000

Revaluations

200,000

At 31 August 2017

1,400,000

NET BOOK VALUE

At 31 August 2017

1,400,000

At 31 August 2016

1,200,000

Fair value at 31 August 2017 is represented by:

£

Valuation in 2017

1,400,000

If the investment properties had not been revalued they would have been included at the following historical cost:

31.8.17

31.8.16

£

£

Cost

393,051

393,051

The investment properties were valued on an open market basis on 31 August 2017 by The Banks Valuers .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.17

31.8.16

£

£

Amounts owed by group undertakings

-

65,389

Other debtors

-

137,791

-

203,180

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.17

31.8.16

£

£

Amounts owed to group undertakings

973,637

175,904

Taxation and social security

13,136

17,317

Other creditors

137,701

6,750

1,124,474

199,971

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.8.17

31.8.16

£

£

Bank loans

400,000

101,998

7.	SECURED DEBTS

The following secured debts are included within creditors:

31.8.17

31.8.16

£

£

Bank loans

400,000

101,998

8.

RESERVES

Fair

value

reserve

£

At 1 September 2016

653,629

Current Revaluation

162,000

At 31 August 2017

815,629

9.	CONTINGENT LIABILITIES

The company guaranteed a loan of £321,000 (2015 - £321,000) on behalf of the Director, Ms S J Packer. It has

been secured on the investment property, otherwise known as 33 Park Street, Bristol, BS1 5NH.

10.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The

Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party

transactions with wholly owned subsidiaries within the group.

11.	ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of SCJM Holdings Limited . The ultimate controlling party is Ms S J

Packer who owns 100% of the issued shares in SCJM Holdings limited.