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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
Page
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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
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PJ Hambrook Limited Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
5,600,000 
5,601,134 
Current assets
Inventories
688,559 
- 
Debtors
53,404 
113,611 
Cash at bank and in hand
6,730 
1,390 
748,693 
115,001 
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 
Capital and reserves
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
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PJ Hambrook Limited Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
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.
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.
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
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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.
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PJ Hambrook Limited Notes to the Accounts for the year ended 31 March 2023
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 April 2022
380,000 
At 31 March 2023
380,000 
Amortisation
At 1 April 2022
380,000 
At 31 March 2023
380,000 
Net book value
At 31 March 2023
- 
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 
Depreciation
At 1 April 2022
- 
182,331 
182,331 
Charge for the year
- 
1,134 
1,134 
At 31 March 2023
- 
183,465 
183,465 
Net book value
At 31 March 2023
5,600,000 
- 
5,600,000 
At 31 March 2022
5,600,000 
1,134 
5,601,134 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
7,938 
- 
Trade debtors
5,740 
552 
Amounts due from group undertakings etc.
- 
87,869 
Other debtors
39,726 
25,190 
53,404 
113,611 
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 
Other creditors
- 
665 
2,477,829 
1,239,345 
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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 
£ 
£ 
Bank loans
34,166 
44,167 
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.
10
Controlling party
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).
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