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REGISTERED NUMBER: 14263252 (England and Wales)












Unaudited Financial Statements

for the Period 29 July 2022 to 31 July 2023

for

PJRG Developments Ltd

PJRG Developments Ltd (Registered number: 14263252)






Contents of the Financial Statements
for the period 29 July 2022 to 31 July 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


PJRG Developments Ltd

Company Information
for the period 29 July 2022 to 31 July 2023







DIRECTORS: P D Harmes
J Harmes





REGISTERED OFFICE: Datum House
Electra Way
Crewe
Cheshire
CW1 6ZF





REGISTERED NUMBER: 14263252 (England and Wales)






PJRG Developments Ltd (Registered number: 14263252)

Statement of Financial Position
31 July 2023

Notes £   
CURRENT ASSETS
Stocks 227,845
Debtors 5 100
Cash at bank 1
227,946
CREDITORS
Amounts falling due within one year 6 (232,172 )
NET CURRENT LIABILITIES (4,226 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(4,226

)

CAPITAL AND RESERVES
Called up share capital 300
Retained earnings (4,526 )
(4,226 )

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

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

The directors acknowledge their 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.

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 February 2024 and were signed on its behalf by:




P D Harmes - Director



J Harmes - Director


PJRG Developments Ltd (Registered number: 14263252)

Notes to the Financial Statements
for the period 29 July 2022 to 31 July 2023

1. STATUTORY INFORMATION

The principle activity of PJRG Developments Limited is that of property developers.

the company is a private company limited by shares and is incorporated in England and Wales. The address of the principal place of business is Waen Terrace, Conwy, Gwynedd, LL32 8EA and the registered office is Datum House, Electra Way, Crewe. Cheshire. CW1 6ZF. The registered number can be found on the Company Information page.

The presentation currency of the financial statements is Pound Sterling (£). Monetary amounts in these financial statements are rounded to the nearest £.

2. STATEMENT OF COMPLIANCE

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. 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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The principle accounting policies applied in the preparation of these financial statements are set out below.

These policies have been consistently applied to all years presented, unless otherwise stated.

Basis of preparation
The financial statements are prepared on the going concern basis under the historical cost convention and comply with the United Kingdom Accounting Standards and Companies Act 2006.

Going Concern
The company has acquired two residential properties for development purposes. The statement of Financial Position reflects a net liabilities position at the period end, however the market value of the properties exceeds costs and the directors are of the opinion that the company will show a solvent position in the following years accounts. No other material uncertainties, that may cast doubt about the ability of the company to continue as a going concern have been identified by the directors and they therefore consider it appropriate to prepare the financial statements on the going concern basis.

Revenue recognition
Revenue (described as turnover) is measured at the fair value of the consideration received and represents amounts receivable for goods supplied and services rendered, stated net of discounts and Value Added Tax.

Income is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.

Stocks
Stocks including work in progress represents the cost of property developments including land less any impairments.

PJRG Developments Ltd (Registered number: 14263252)

Notes to the Financial Statements - continued
for the period 29 July 2022 to 31 July 2023

3. ACCOUNTING POLICIES - continued

Financial instruments
The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors, bank loans and directors' current accounts and loans.

Bank loans and directors loans are initially measured at the present value of future payments, discounted at a market rate of interest and subsequently at amortised cost using the effective interest method.

Directors current balances (being those repayable on demand), trade debtors, other debtors and creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment.If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 .

5. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
£   
Other debtors 100

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other creditors 232,172