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REGISTERED NUMBER: 05099120 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

PJ OWEN FURNITURE AGENCIES LIMITED

PJ OWEN FURNITURE AGENCIES LIMITED (REGISTERED NUMBER: 05099120)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PJ OWEN FURNITURE AGENCIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: P J Owen
Mrs C A Owen





SECRETARY: Mrs C A Owen





REGISTERED OFFICE: 10 Aberfields View
Nantymoel
Bridgend
Mid Glamorgan
CF32 7SJ





REGISTERED NUMBER: 05099120 (England and Wales)





ACCOUNTANTS: DAVID WRIGHT ACCOUNTANTS LIMITED
Unit 10
Bridgend Business Park
Bennett Street
Bridgend
Glamorgan
CF31 3SH

PJ OWEN FURNITURE AGENCIES LIMITED (REGISTERED NUMBER: 05099120)

BALANCE SHEET
31 DECEMBER 2023

31/12/23 31/12/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 29,267 2,097
Investments 5 1,678,000 478,000
1,707,267 480,097

CURRENT ASSETS
Debtors 6 24,529 47,074
Cash at bank 243,716 1,393,511
268,245 1,440,585
CREDITORS
Amounts falling due within one year 7 53,645 59,026
NET CURRENT ASSETS 214,600 1,381,559
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,921,867

1,861,656

PROVISIONS FOR LIABILITIES 7,420 398
NET ASSETS 1,914,447 1,861,258

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 1,914,347 1,861,158
SHAREHOLDERS' FUNDS 1,914,447 1,861,258

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

PJ OWEN FURNITURE AGENCIES LIMITED (REGISTERED NUMBER: 05099120)

BALANCE SHEET - continued
31 DECEMBER 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 Board of Directors and authorised for issue on 2 April 2024 and were signed on its behalf by:





P J Owen - Director


PJ OWEN FURNITURE AGENCIES LIMITED (REGISTERED NUMBER: 05099120)

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


1. STATUTORY INFORMATION

PJ Owen Furniture Agencies 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.

Turnover
Turnover represents commissions earned, net of value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost and 25% on reducing balance

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

PJ OWEN FURNITURE AGENCIES LIMITED (REGISTERED NUMBER: 05099120)

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


2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Fixed asset investments
Investments are initially valued at cost, with an appropriate provision being made for any diminution in value. Income from Investments is brought into account in the period of receipt.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 9,606
Additions 36,750
At 31 December 2023 46,356
DEPRECIATION
At 1 January 2023 7,509
Charge for year 9,580
At 31 December 2023 17,089
NET BOOK VALUE
At 31 December 2023 29,267
At 31 December 2022 2,097

5. FIXED ASSET INVESTMENTS

The company has minority investments in the following companies - Adjust-A-Bed Ltd, Redwood Investments, Aldermore Investment, Shawbrook Investment, United Trust Investment and Cambridge & Counties.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Trade debtors 21,501 24,776
Other debtors 3,028 22,298
24,529 47,074

PJ OWEN FURNITURE AGENCIES LIMITED (REGISTERED NUMBER: 05099120)

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


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Taxation and social security 51,853 56,814
Other creditors 1,792 2,212
53,645 59,026

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/12/23 31/12/22
value: £    £   
3,992 B Ordinary 1p 40 40
16 C Ordinary 1p - -
5,992 A Ordinary 1p 60 60
100 100

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2023 and 31 December 2022:

31/12/23 31/12/22
£    £   
P J Owen and Mrs C A Owen
Balance outstanding at start of year (1,312 ) (510 )
Amounts advanced 97,641 83,345
Amounts repaid (97,221 ) (84,147 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (892 ) (1,312 )