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REGISTERED NUMBER: 04704918 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

J P Pridmore Limited

J P Pridmore Limited (Registered number: 04704918)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


J P Pridmore Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: Mr J P Pridmore





SECRETARY: Mrs T A Pridmore





REGISTERED OFFICE: 1 Pinnacle Way
Pride Park
Derby
Derbyshire
DE24 8ZS





REGISTERED NUMBER: 04704918 (England and Wales)





ACCOUNTANTS: Franklins
1 Pinnacle Way
Pride Park
Derby
Derbyshire
DE24 8ZS

J P Pridmore Limited (Registered number: 04704918)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Investment property 5 515,000 506,874
515,000 506,874

CURRENT ASSETS
Debtors 6 - 30,010
Cash at bank 71,339 47,054
71,339 77,064
CREDITORS
Amounts falling due within one year 7 261,652 246,128
NET CURRENT LIABILITIES (190,313 ) (169,064 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

324,687

337,810

PROVISIONS FOR LIABILITIES 7,942 4,492
NET ASSETS 316,745 333,318

CAPITAL AND RESERVES
Called up share capital 100 100
Non distributable reserve 8 23,826 19,150
Retained earnings 292,819 314,068
SHAREHOLDERS' FUNDS 316,745 333,318

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

J P Pridmore Limited (Registered number: 04704918)

Balance Sheet - continued
31 March 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 November 2023 and were signed by:





Mr J P Pridmore - Director


J P Pridmore Limited (Registered number: 04704918)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

J P Pridmore Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover represents the company's share of the profits of the partnership.

Goodwill
Purchased goodwill is amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives.

Goodwill- ten years

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 200,000
AMORTISATION
At 1 April 2022
and 31 March 2023 200,000
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 -

Goodwill arose on the purchase of the company's share in the partnership.

J P Pridmore Limited (Registered number: 04704918)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022 506,874
Revaluations 8,126
At 31 March 2023 515,000
NET BOOK VALUE
At 31 March 2023 515,000
At 31 March 2022 506,874

Fair value at 31 March 2023 is represented by:
£   
Valuation in 2022 23,642
Valuation in 2023 8,126
Cost 483,232
515,000

If investment property had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 483,232 483,232

Investment property was valued on an open market basis on 31 March 2023 by Mr J P Pridmore .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Due from partnership - 30,010

Other than as stated under directors loan account above, none of the above amounts related to amounts due from the director or shareholder of the company either directly or indirectly.

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Tax 4,868 19,316
Directors' current accounts 255,584 226,812
Accruals and deferred income 1,200 -
261,652 246,128

J P Pridmore Limited (Registered number: 04704918)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

8. RESERVES
Non
distributable
reserve
£   
At 1 April 2022 19,150
Revaluation 4,676

At 31 March 2023 23,826