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Company Registration No. 06740736 (England and Wales)
PJ Harbourside Limited Unaudited accounts for the year ended 31 March 2023
PJ Harbourside Limited Unaudited accounts Contents
Page
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PJ Harbourside Limited Company Information for the year ended 31 March 2023
Directors
Mr Paul Calvesbert Ms Karen Sharp
Company Number
06740736 (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 Harbourside Limited Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
3,000,000 
2,737,913 
Current assets
Debtors
192,648 
570,213 
Cash at bank and in hand
1,383,001 
1,340,305 
1,575,649 
1,910,518 
Creditors: amounts falling due within one year
(859,357)
(1,348,742)
Net current assets
716,292 
561,776 
Total assets less current liabilities
3,716,292 
3,299,689 
Creditors: amounts falling due after more than one year
(34,166)
(44,167)
Net assets
3,682,126 
3,255,522 
Capital and reserves
Called up share capital
100 
100 
Revaluation reserve
2,805,515 
2,505,515 
Profit and loss account
876,511 
749,907 
Shareholders' funds
3,682,126 
3,255,522 
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. 06740736
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PJ Harbourside Limited Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
PJ Harbourside Limited is a private company, limited by shares, registered in England and Wales, registration number 06740736. 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.
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.
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
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PJ Harbourside Limited Notes to the Accounts for the year ended 31 March 2023
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Total 
£ 
£ 
£ 
Cost or valuation
At valuation 
At cost 
At 1 April 2022
2,700,000 
323,396 
3,023,396 
Revaluations
300,000 
- 
300,000 
At 31 March 2023
3,000,000 
323,396 
3,323,396 
Depreciation
At 1 April 2022
- 
285,483 
285,483 
Charge for the year
- 
37,913 
37,913 
At 31 March 2023
- 
323,396 
323,396 
Net book value
At 31 March 2023
3,000,000 
- 
3,000,000 
At 31 March 2022
2,700,000 
37,913 
2,737,913 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
155,323 
(5,871)
Amounts due from group undertakings etc.
- 
356,659 
Other debtors
37,325 
219,425 
192,648 
570,213 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
25,117 
- 
Trade creditors
34,749 
79,966 
Amounts owed to group undertakings and other participating interests
277,090 
749,452 
Taxes and social security
9,456 
170,347 
Other creditors
- 
1,002 
Deferred income
512,945 
347,975 
859,357 
1,348,742 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
34,166 
44,167 
8
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.
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PJ Harbourside Limited Notes to the Accounts for the year ended 31 March 2023
9
Controlling party
The ultimate parent company is PJ Holdings (UK) Ltd registered in England & Wales. The ultimate controlling party is Mr P Calvesbert.
10
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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