1 April 2022 false No description of principal activity Taxfiler 2023.10 06270037business:PrivateLimitedCompanyLtd2022-04-012023-03-31 062700372022-03-31 062700372022-04-012023-03-31 06270037business:AuditExemptWithAccountantsReport2022-04-012023-03-31 06270037business:FilletedAccounts2022-04-012023-03-31 062700372023-03-31 06270037business:Director12022-04-012023-03-31 06270037business:Director22022-04-012023-03-31 06270037business:CompanySecretary12022-04-012023-03-31 06270037business:RegisteredOffice2022-04-012023-03-31 062700372022-03-31 06270037core:WithinOneYear2023-03-31 06270037core:WithinOneYear2022-03-31 06270037core:AfterOneYear2023-03-31 06270037core:AfterOneYear2022-03-31 06270037core:ShareCapitalcore:PreviouslyStatedAmount2023-03-31 06270037core:ShareCapitalcore:PreviouslyStatedAmount2022-03-31 06270037core:RevaluationReservecore:PreviouslyStatedAmount2023-03-31 06270037core:RevaluationReservecore:PreviouslyStatedAmount2022-03-31 06270037core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-03-31 06270037core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-03-31 06270037core:PreviouslyStatedAmount2023-03-31 06270037core:PreviouslyStatedAmount2022-03-31 06270037business:SmallEntities2022-04-012023-03-31 06270037countries:EnglandWales2022-04-012023-03-31 06270037core:Goodwill2022-03-31 06270037core:Goodwill2023-03-31 06270037core:LandBuildings2022-03-31 06270037core:PlantMachinery2022-03-31 06270037core:LandBuildings2022-04-012023-03-31 06270037core:PlantMachinery2022-04-012023-03-31 06270037core:LandBuildings2023-03-31 06270037core:PlantMachinery2023-03-31 062700372021-04-012022-03-31 iso4217:GBP xbrli:pure
Company Registration No. 06270037 (England and Wales)
P J Estates Limited Unaudited accounts for the year ended 31 March 2023
P J Estates Limited Unaudited accounts Contents
Page
- 2 -
P J Estates Limited Company Information for the year ended 31 March 2023
Directors
Mr Paul Calvesbert Ms Karen Sharp
Secretary
Mr Paul Calvesbert
Company Number
06270037 (England and Wales)
Registered Office
Southsea Leisure Park Melville Road Southsea Hampshire PO4 9TB
Accountants
SJS Advsiory Ltd Office 20, 5 Charter House Lord Montgomery Way Portsmouth Hampshire PO1 2SN
- 3 -
P J Estates Limited Accountants' report
Accountants' report to the board of directors of P J Estates Limited on the preparation of the unaudited statutory accounts for the year ended 31 March 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of P J Estates Limited for the year ended 31 March 2023 as set out on pages 5 - 8 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of P J Estates Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of P J Estates Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than P J Estates Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that P J Estates Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of P J Estates Limited. You consider that P J Estates Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of P J Estates Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
SJS Advsiory Ltd Office 20, 5 Charter House Lord Montgomery Way Portsmouth Hampshire PO1 2SN 18 June 2023
- 4 -
P J Estates Limited Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
9,500,000 
7,701,956 
Current assets
Debtors
353,088 
2,084,153 
Cash at bank and in hand
1,385,346 
1,359,271 
1,738,434 
3,443,424 
Creditors: amounts falling due within one year
(1,373,928)
(3,383,277)
Net current assets
364,506 
60,147 
Total assets less current liabilities
9,864,506 
7,762,103 
Creditors: amounts falling due after more than one year
(223,312)
(252,500)
Net assets
9,641,194 
7,509,603 
Capital and reserves
Called up share capital
2 
2 
Revaluation reserve
8,919,039 
7,119,039 
Profit and loss account
722,153 
390,562 
Shareholders' funds
9,641,194 
7,509,603 
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 Paul Calvesbert Director Company Registration No. 06270037
- 5 -
P J Estates Limited Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
P J Estates Limited is a private company, limited by shares, registered in England and Wales, registration number 06270037. The registered office is Southsea Leisure Park, Melville Road, Southsea, Hampshire, PO4 9TB.
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.
- 6 -
P J Estates Limited Notes to the Accounts for the year ended 31 March 2023
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 April 2022
675,000 
At 31 March 2023
675,000 
Amortisation
At 1 April 2022
675,000 
At 31 March 2023
675,000 
Net book value
At 31 March 2023
- 
5
Tangible fixed assets
Land & buildings 
Plant & machinery 
Total 
£ 
£ 
£ 
Cost or valuation
At valuation 
At cost 
At 1 April 2022
7,700,000 
899,657 
8,599,657 
Revaluations
1,800,000 
- 
1,800,000 
At 31 March 2023
9,500,000 
899,657 
10,399,657 
Depreciation
At 1 April 2022
- 
897,701 
897,701 
Charge for the year
- 
1,956 
1,956 
At 31 March 2023
- 
899,657 
899,657 
Net book value
At 31 March 2023
9,500,000 
- 
9,500,000 
At 31 March 2022
7,700,000 
1,956 
7,701,956 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
332,455 
14,106 
Amounts due from group undertakings etc.
- 
1,911,220 
Other debtors
20,633 
158,827 
353,088 
2,084,153 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
35,254 
49,556 
Amounts owed to group undertakings and other participating interests
560,775 
2,612,727 
Taxes and social security
135,060 
178,721 
Other creditors
52,181 
27,045 
Deferred income
590,658 
515,228 
1,373,928 
3,383,277 
- 7 -
P J Estates 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
223,312 
252,500 
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 11 (2022: 11).
- 8 -