Company Registration No. 08190289 (England and Wales)
PJ Hambrook Limited
Unaudited accounts
for the year ended 31 March 2023
PJ Hambrook Limited
Unaudited accounts
Contents
PJ Hambrook Limited
Company Information
for the year ended 31 March 2023
Directors
Mr P Calvesbert
Ms K Sharp
Company Number
08190289 (England and Wales)
Registered Office
Southsea Leisure Park
Melville Road
Southsea
Hampshire
PO4 9TB
United Kingdom
Accountants
SJS Advsiory Ltd
Office 20, 5 Charter House
Lord Montgomery Way
Portsmouth
Hampshire
PO1 2SN
PJ Hambrook Limited
Statement of financial position
as at 31 March 2023
Tangible assets
5,600,000
5,601,134
Cash at bank and in hand
6,730
1,390
Creditors: amounts falling due within one year
(2,477,829)
(1,239,345)
Net current liabilities
(1,729,136)
(1,124,344)
Total assets less current liabilities
3,870,864
4,476,790
Creditors: amounts falling due after more than one year
(34,166)
(44,167)
Net assets
3,836,698
4,432,623
Called up share capital
1
1
Revaluation reserve
5,112,788
5,112,788
Profit and loss account
(1,276,091)
(680,166)
Shareholders' funds
3,836,698
4,432,623
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 23 October 2023 and were signed on its behalf by
Mr P Calvesbert
Director
Company Registration No. 08190289
PJ Hambrook Limited
Notes to the Accounts
for the year ended 31 March 2023
PJ Hambrook Limited is a private company, limited by shares, registered in England and Wales, registration number 08190289. The registered office is Southsea Leisure Park, Melville Road, Southsea, Hampshire, PO4 9TB, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings: Land is initially recognised at cost and revalued where applicable. Buildings are initially recognised at cost and are depreciated over their useful economical life.
Plant & machinery: 25% on cost
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
PJ Hambrook Limited
Notes to the Accounts
for the year ended 31 March 2023
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Land & buildings
Plant & machinery
Total
Cost or valuation
At cost
At cost
At 1 April 2022
5,600,000
183,465
5,783,465
At 31 March 2023
5,600,000
183,465
5,783,465
At 1 April 2022
-
182,331
182,331
Charge for the year
-
1,134
1,134
At 31 March 2023
-
183,465
183,465
At 31 March 2023
5,600,000
-
5,600,000
At 31 March 2022
5,600,000
1,134
5,601,134
Amounts falling due within one year
Amounts due from group undertakings etc.
-
87,869
Other debtors
39,726
25,190
7
Creditors: amounts falling due within one year
2023
2022
Obligations under finance leases and hire purchase contracts
243,715
-
Trade creditors
36,659
3,655
Amounts owed to group undertakings and other participating interests
2,197,455
1,230,908
Taxes and social security
-
4,117
PJ Hambrook Limited
Notes to the Accounts
for the year ended 31 March 2023
8
Creditors: amounts falling due after more than one year
2023
2022
9
Transactions with related parties
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.
The ultimate parent company is PJ Holdings (UK) Ltd registered in England & Wales.
The ultimate controlling party is Mr P Calvesbert.
11
Average number of employees
During the year the average number of employees was 2 (2022: 2).