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REGISTERED NUMBER: 11852011 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 February 2021

for

PJM PARTNERS LTD

PJM PARTNERS LTD (Registered number: 11852011)






Contents of the Financial Statements
for the Year Ended 28 February 2021




Page

Balance Sheet 1


PJM PARTNERS LTD (Registered number: 11852011)

Balance Sheet
28 February 2021

28.2.21 29.2.20
(Restated)
£    £    £    £   
FIXED ASSETS 6,510,000 6,510,000

CURRENT ASSETS 111,397 3,000

CREDITORS
Amounts falling due within one year (614,759 ) (592,830 )
NET CURRENT LIABILITIES (503,362 ) (589,830 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,006,638

5,920,170

CREDITORS
Amounts falling due after more than
one year

3,905,094

3,642,537
NET ASSETS 2,101,544 2,277,633

CAPITAL AND RESERVES 2,101,544 2,277,633

NOTES TO THE FINANCIAL STATEMENTS

1. STATUTORY INFORMATION

PJM PARTNERS LTD is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 11852011

Registered office: C/O Morgan Reach Accountants
239 Kensington High St
London
London
W8 6SA

2. GOING CONCERN

As at the year end, the company’s balance sheet showed net current liabilities. This indicates that the company is technically insolvent and could be wound up on the petition of creditors.

The directors have considered the position of the company and believe that in the forthcoming year the company can trade profitably, recoup losses and thus improve the financial position of the company.

On this basis the directors believe it to be appropriate to prepare the accounts on a going concern basis.

PJM PARTNERS LTD (Registered number: 11852011)

Balance Sheet - continued
28 February 2021

NOTES TO THE FINANCIAL STATEMENTS

3. AVERAGE NUMBER OF EMPLOYEES

The average number of employees during the year was 4 (2020 - 4 ) .

4. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the year ended 28 February 2021 and the period ended 29 February 2020:

28.2.21 29.2.20
(Restated)
£    £   
J A Kozanecki
Balance outstanding at start of year 1,000 -
Amounts advanced 50,742 1,000
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 51,742 1,000

P M Kozanecki
Balance outstanding at start of year 1,000 -
Amounts advanced 24,661 1,000
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 25,661 1,000

Ms M Kozanecka
Balance outstanding at start of year 1,000 -
Amounts advanced 22,039 1,000
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 23,039 1,000

The directors' loans accrued interest at 2.25% and were repaid within 9 months after year end.

5. INVESTMENT PROPERTY

The investment properties have been measured in accordance with the fair value accounting rules where fair values have been determined by reference to market price in an active market.

PJM PARTNERS LTD (Registered number: 11852011)

Balance Sheet - continued
28 February 2021

NOTES TO THE FINANCIAL STATEMENTS

6. PRIOR PERIOD ADJUSTMENT

The accounts have been restated to include a mortgage liability that was previously credited to the directors loan account in error and to expense 'other' debtor to professional fees.


Summary of prior year adjustment impact - £   

Capital and Reserves brought forward February 2020 previously
reported

3,601,700
Increase in expenses - Mortgage interest accounted for 4,403
Increase in expenses - 'Other' debtor reclassified 9,030
Increase in creditors - Mortgage liability accounted 1,310,634
Capital and Reserves brought forward February 2020 restated 2,277,633



The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2021 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 in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 5 April 2024 and were signed on its behalf by:





Ms M Price - Director