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REGISTERED NUMBER: 04462707 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2023

for

P.J.H. Properties Limited

P.J.H. Properties Limited (Registered number: 04462707)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


P.J.H. Properties Limited

Company Information
for the Year Ended 30 June 2023







DIRECTORS: Mr P J Hare
Ms J Hare





REGISTERED OFFICE: The Mews
1 Penfold Road
Felixstowe
United Kingdom
IP11 7BP





REGISTERED NUMBER: 04462707 (England and Wales)





ACCOUNTANTS: Suffolk Tax Accountants Group
9 Byford Court
Crockatt Road
Hadleigh
Suffolk
IP7 6RD

P.J.H. Properties Limited (Registered number: 04462707)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 955 142
Investment property 5 920,000 915,000
920,955 915,142

CURRENT ASSETS
Debtors 6 532 675
Cash at bank 3,876 5,748
4,408 6,423
CREDITORS
Amounts falling due within one year 7 38,521 28,323
NET CURRENT LIABILITIES (34,113 ) (21,900 )
TOTAL ASSETS LESS CURRENT LIABILITIES 886,842 893,242

CREDITORS
Amounts falling due after more than one year 8 (766,332 ) (775,652 )

PROVISIONS FOR LIABILITIES 9 (8,757 ) (7,672 )
NET ASSETS 111,753 109,918

CAPITAL AND RESERVES
Called up share capital 10 4 4
Fair value reserve 11 39,948 44,319
Retained earnings 71,801 65,595
SHAREHOLDERS' FUNDS 111,753 109,918

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

P.J.H. Properties Limited (Registered number: 04462707)

Balance Sheet - continued
30 June 2023


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 Board of Directors and authorised for issue on 26 September 2023 and were signed on its behalf by:





Mr P J Hare - Director


P.J.H. Properties Limited (Registered number: 04462707)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

P.J.H. Properties 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 represents the fair value of rentals provided during the period. Turnover is recognised as rental period progresses and the right to consideration is earned. Turnover excludes value added tax. Where individual on account billings exceed revenue recognised on rents, the excess is classified as deferred income within creditors.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost and 25% on reducing balance

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.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

P.J.H. Properties Limited (Registered number: 04462707)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2022 5,129
Additions 927
At 30 June 2023 6,056
DEPRECIATION
At 1 July 2022 4,987
Charge for year 114
At 30 June 2023 5,101
NET BOOK VALUE
At 30 June 2023 955
At 30 June 2022 142

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2022 915,000
Revaluations 5,000
At 30 June 2023 920,000
NET BOOK VALUE
At 30 June 2023 920,000
At 30 June 2022 915,000

Fair value at 30 June 2023 is represented by:
£   
Valuation in 2020 4,319
Valuation in 2021 20,000
Valuation in 2022 20,000
Valuation in 2023 5,000
Cost 870,681
920,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 110 386
Other debtors 422 289
532 675

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Other creditors 38,521 28,323

P.J.H. Properties Limited (Registered number: 04462707)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans 766,332 775,652

9. PROVISIONS FOR LIABILITIES
30.6.23 30.6.22
£    £   
Deferred tax
Accelerated capital allowances 181 27
Tax losses carried forward (795 ) (776 )
Other timing differences 9,371 8,421
8,757 7,672

Deferred
tax
£   
Balance at 1 July 2022 7,672
Provided during year 1,085
Balance at 30 June 2023 8,757

10. CALLED UP SHARE CAPITAL



Allotted, issued and fully paid:
Number: Class: Nominal 30.6.23 30.6.22
value: £    £   
2 Ordinary 2 2 2
2 Dividend only 2 2 2
4 4

11. RESERVES
Fair
value
reserve
£   
At 1 July 2022 44,319
Gain or loss in fair value (4,371 )

At 30 June 2023 39,948