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REGISTERED NUMBER: 11387050 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2023

FOR

PAUL & JAYNE HOLDINGS LIMITED

PAUL & JAYNE HOLDINGS LIMITED (REGISTERED NUMBER: 11387050)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PAUL & JAYNE HOLDINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2023







DIRECTORS: Ms J A Foster
Mr P D Mohammed





REGISTERED OFFICE: 12 Victoria Road
Barnsley
South Yorkshire
S70 2BB





REGISTERED NUMBER: 11387050 (England and Wales)





ACCOUNTANTS: Gibson Booth Limited
12 Victoria Road
Barnsley
South Yorkshire
S70 2BB

PAUL & JAYNE HOLDINGS LIMITED (REGISTERED NUMBER: 11387050)

BALANCE SHEET
31 MAY 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 60,503 60,503

CURRENT ASSETS
Debtors 5 - 50,050
Cash at bank 21,526 42,427
21,526 92,477
CREDITORS
Amounts falling due within one year 6 75,761 137,691
NET CURRENT LIABILITIES (54,235 ) (45,214 )
TOTAL ASSETS LESS CURRENT LIABILITIES 6,268 15,289

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 6,168 15,189
SHAREHOLDERS' FUNDS 6,268 15,289

PAUL & JAYNE HOLDINGS LIMITED (REGISTERED NUMBER: 11387050)

BALANCE SHEET - continued
31 MAY 2023


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 Income Statement 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:





Ms J A Foster - Director


PAUL & JAYNE HOLDINGS LIMITED (REGISTERED NUMBER: 11387050)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

1. STATUTORY INFORMATION

Paul & Jayne Holdings 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.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest pound.

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.

Significant judgements and estimates
No judgements have been made in the process of applying the below accounting policies that have had the most significant effect on amounts recognised in the financial statements.

There are no key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date that have a significant risk of causing material adjustment to the carrying amounts of assets and liabilities within the next financial year.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Investment property is initially recognised in the financial statements at historic cost. The fair value of the investment property, in the opinion of the directors, can not be measured reliably without undue cost or effort.

As such the investment property is accounted for using the cost model.

No depreciation has been charged on the investment property for the year, as, in the opinion of the directors, any charge is likely to be immaterial.

The continual maintenance and upkeep of the property is such that, in the opinion of the directors, the useful economic life is extended indefinitely. Regular impairment reviews are undertaken by the directors.

PAUL & JAYNE HOLDINGS LIMITED (REGISTERED NUMBER: 11387050)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023

2. ACCOUNTING POLICIES - continued

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 year 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.

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2022
and 31 May 2023 60,503
NET BOOK VALUE
At 31 May 2023 60,503
At 31 May 2022 60,503

PAUL & JAYNE HOLDINGS LIMITED (REGISTERED NUMBER: 11387050)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Other debtors - 50,000
Called up share capital not paid - 50
- 50,050

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade creditors 157 -
Corporation tax - 5,145
Directors' current accounts 75,154 132,125
Accruals and deferred income 450 421
75,761 137,691

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.23 31.5.22
value: £    £   
40 A Ordinary £1 40 -
40 B Ordinary £1 40 -
5 C Ordinary £1 5 -
5 D Ordinary £1 5 -
5 E Ordinary £1 5 -
5 F Ordinary £1 5 -
100 -