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REGISTERED NUMBER: 10066730 (England and Wales)





















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

FOR

PJM HOUSES LIMITED

PJM HOUSES LIMITED (REGISTERED NUMBER: 10066730)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PJM HOUSES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2022







DIRECTOR: Mrs H J Maddocks





REGISTERED OFFICE: Chadwell Grange
Chadwell
Newport
Shropshire
TF10 9BG





REGISTERED NUMBER: 10066730 (England and Wales)





ACCOUNTANTS: Barringtons Limited
41 Cheshire Street
Market Drayton
Shropshire
TF9 1PH

PJM HOUSES LIMITED (REGISTERED NUMBER: 10066730)

BALANCE SHEET
31 MARCH 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 645,000 524,902

CURRENT ASSETS
Debtors 5 69 153
Cash at bank 28,135 26,002
28,204 26,155
CREDITORS
Amounts falling due within one year 6 342,282 342,284
NET CURRENT LIABILITIES (314,078 ) (316,129 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

330,922

208,773

CREDITORS
Amounts falling due after more than one
year

7

(198,000

)

(198,000

)

PROVISIONS FOR LIABILITIES (19,842 ) -
NET ASSETS 113,080 10,773

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 8 100,256 -
Retained earnings 12,724 10,673
SHAREHOLDERS' FUNDS 113,080 10,773

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 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.

PJM HOUSES LIMITED (REGISTERED NUMBER: 10066730)

BALANCE SHEET - continued
31 MARCH 2022


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 13 September 2022 and were signed by:





Mrs H J Maddocks - Director


PJM HOUSES LIMITED (REGISTERED NUMBER: 10066730)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

1. STATUTORY INFORMATION

PJM Houses 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 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 measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

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.

Pension costs and other post-retirement benefits
The company is not required to operate a pension scheme. It does, however, contribute to the personal pension scheme of the director as a part of her overall remuneration.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2021 - NIL).

PJM HOUSES LIMITED (REGISTERED NUMBER: 10066730)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2022

4. INVESTMENT PROPERTY
Total
£   
COST OR VALUATION
At 1 April 2021 524,902
Revaluations 120,098
At 31 March 2022 645,000
NET BOOK VALUE
At 31 March 2022 645,000
At 31 March 2021 524,902

Cost or valuation at 31 March 2022 is represented by:
£   
Valuation in 2022 120,098
Cost 524,902
645,000

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

2022 2021
£    £   
Cost 524,902 -

Investment properties were valued on an open market basis on 13 January 2022 by Tempertons .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Other debtors 69 153

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Taxation and social security 338 -
Other creditors 341,944 342,284
342,282 342,284

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2022 2021
£    £   
Bank loans 198,000 198,000

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Mortgage 198,000 198,000

PJM HOUSES LIMITED (REGISTERED NUMBER: 10066730)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2022

8. RESERVES
Fair
value
reserve
£   
Revaluation in the year 120,098
Deferred tax movement (19,842 )

At 31 March 2022 100,256