29 March 2022 false No description of principal activity Taxfiler 2023.10 08270743business:PrivateLimitedCompanyLtd2022-03-292023-03-28 082707432022-03-28 082707432022-03-292023-03-28 08270743business:AuditExemptWithAccountantsReport2022-03-292023-03-28 08270743business:FilletedAccounts2022-03-292023-03-28 082707432023-03-28 08270743business:Director12022-03-292023-03-28 08270743business:RegisteredOffice2022-03-292023-03-28 082707432022-03-28 08270743core:WithinOneYear2023-03-28 08270743core:WithinOneYear2022-03-28 08270743core:ShareCapitalcore:PreviouslyStatedAmount2023-03-28 08270743core:ShareCapitalcore:PreviouslyStatedAmount2022-03-28 08270743core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-03-28 08270743core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-03-28 08270743core:PreviouslyStatedAmount2023-03-28 08270743core:PreviouslyStatedAmount2022-03-28 08270743business:SmallEntities2022-03-292023-03-28 08270743countries:EnglandWales2022-03-292023-03-28 082707432021-03-292022-03-28 iso4217:GBP xbrli:pure
Company Registration No. 08270743 (England and Wales)
PJ Property Investment Limited Unaudited accounts for the year ended 28 March 2023
PJ Property Investment Limited Unaudited accounts Contents
Page
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PJ Property Investment Limited Company Information for the year ended 28 March 2023
Director
Mr P Calvesbert
Company Number
08270743 (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
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PJ Property Investment Limited Statement of financial position as at 28 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Investment property
591,903 
591,903 
Current assets
Debtors
106,263 
38,818 
Cash at bank and in hand
553,932 
1,018,901 
660,195 
1,057,719 
Creditors: amounts falling due within one year
(1,397,967)
(1,813,739)
Net current liabilities
(737,772)
(756,020)
Net liabilities
(145,869)
(164,117)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(145,870)
(164,118)
Shareholders' funds
(145,869)
(164,117)
For the year ending 28 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 director acknowledges his 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 and authorised for issue on 23 October 2023 and were signed on its behalf by
Mr P Calvesbert Director Company Registration No. 08270743
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PJ Property Investment Limited Notes to the Accounts for the year ended 28 March 2023
1
Statutory information
PJ Property Investment Limited is a private company, limited by shares, registered in England and Wales, registration number 08270743. 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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Financial instruments
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.
4
Investment property
2023 
£ 
Fair value at 29 March 2022
591,903 
At 28 March 2023
591,903 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Amounts due from group undertakings etc.
- 
13,669 
Other debtors
106,263 
25,149 
106,263 
38,818 
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PJ Property Investment Limited Notes to the Accounts for the year ended 28 March 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
- 
18,559 
Amounts owed to group undertakings and other participating interests
1,397,967 
1,799,081 
Taxes and social security
- 
(3,750)
Other creditors
- 
(151)
1,397,967 
1,813,739 
7
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.
8
Controlling party
The ultimate parent company is PJ Holdings (UK) Ltd registered in England & Wales. The ultimate controlling party is Mr P Calvesbert.
9
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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