2023-01-012023-12-312023-12-31false04650913P S J PROPERTIES LTD.2024-03-1241100iso4217:GBPxbrli:pure046509132023-01-01046509132023-12-31046509132023-01-012023-12-31046509132022-01-01046509132022-12-31046509132022-01-012022-12-3104650913bus:SmallEntities2023-01-012023-12-3104650913bus:AuditExempt-NoAccountantsReport2023-01-012023-12-3104650913bus:AbridgedAccounts2023-01-012023-12-3104650913bus:PrivateLimitedCompanyLtd2023-01-012023-12-3104650913core:WithinOneYear2023-12-3104650913core:AfterOneYear2023-12-3104650913core:WithinOneYear2022-12-3104650913core:AfterOneYear2022-12-3104650913core:ShareCapital2023-12-3104650913core:SharePremium2023-12-3104650913core:RevaluationReserve2023-12-3104650913core:OtherReservesSubtotal2023-12-3104650913core:RetainedEarningsAccumulatedLosses2023-12-3104650913core:ShareCapital2022-12-3104650913core:SharePremium2022-12-3104650913core:RevaluationReserve2022-12-3104650913core:OtherReservesSubtotal2022-12-3104650913core:RetainedEarningsAccumulatedLosses2022-12-3104650913core:LandBuildings2023-12-3104650913core:PlantMachinery2023-12-3104650913core:Vehicles2023-12-3104650913core:FurnitureFittings2023-12-3104650913core:OfficeEquipment2023-12-3104650913core:NetGoodwill2023-12-3104650913core:IntangibleAssetsOtherThanGoodwill2023-12-3104650913core:ListedExchangeTraded2023-12-3104650913core:UnlistedNon-exchangeTraded2023-12-3104650913core:LandBuildings2022-12-3104650913core:PlantMachinery2022-12-3104650913core:Vehicles2022-12-3104650913core:FurnitureFittings2022-12-3104650913core:OfficeEquipment2022-12-3104650913core:NetGoodwill2022-12-3104650913core:IntangibleAssetsOtherThanGoodwill2022-12-3104650913core:ListedExchangeTraded2022-12-3104650913core:UnlistedNon-exchangeTraded2022-12-3104650913core:LandBuildings2023-01-012023-12-3104650913core:PlantMachinery2023-01-012023-12-3104650913core:Vehicles2023-01-012023-12-3104650913core:FurnitureFittings2023-01-012023-12-3104650913core:OfficeEquipment2023-01-012023-12-3104650913core:NetGoodwill2023-01-012023-12-3104650913core:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3104650913core:ListedExchangeTraded2023-01-012023-12-3104650913core:UnlistedNon-exchangeTraded2023-01-012023-12-3104650913core:MoreThanFiveYears2023-01-012023-12-3104650913core:Non-currentFinancialInstruments2023-12-3104650913core:Non-currentFinancialInstruments2022-12-3104650913dpl:CostSales2023-01-012023-12-3104650913dpl:DistributionCosts2023-01-012023-12-3104650913core:LandBuildings2023-01-012023-12-3104650913core:PlantMachinery2023-01-012023-12-3104650913core:Vehicles2023-01-012023-12-3104650913core:FurnitureFittings2023-01-012023-12-3104650913core:OfficeEquipment2023-01-012023-12-3104650913dpl:AdministrativeExpenses2023-01-012023-12-3104650913core:NetGoodwill2023-01-012023-12-3104650913core:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3104650913dpl:GroupUndertakings2023-01-012023-12-3104650913dpl:ParticipatingInterests2023-01-012023-12-3104650913dpl:GroupUndertakingscore:ListedExchangeTraded2023-01-012023-12-3104650913core:ListedExchangeTraded2023-01-012023-12-3104650913dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-01-012023-12-3104650913core:UnlistedNon-exchangeTraded2023-01-012023-12-3104650913dpl:CostSales2022-01-012022-12-3104650913dpl:DistributionCosts2022-01-012022-12-3104650913core:LandBuildings2022-01-012022-12-3104650913core:PlantMachinery2022-01-012022-12-3104650913core:Vehicles2022-01-012022-12-3104650913core:FurnitureFittings2022-01-012022-12-3104650913core:OfficeEquipment2022-01-012022-12-3104650913dpl:AdministrativeExpenses2022-01-012022-12-3104650913core:NetGoodwill2022-01-012022-12-3104650913core:IntangibleAssetsOtherThanGoodwill2022-01-012022-12-3104650913dpl:GroupUndertakings2022-01-012022-12-3104650913dpl:ParticipatingInterests2022-01-012022-12-3104650913dpl:GroupUndertakingscore:ListedExchangeTraded2022-01-012022-12-3104650913core:ListedExchangeTraded2022-01-012022-12-3104650913dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-01-012022-12-3104650913core:UnlistedNon-exchangeTraded2022-01-012022-12-3104650913core:NetGoodwill2023-12-3104650913core:IntangibleAssetsOtherThanGoodwill2023-12-3104650913core:LandBuildings2023-12-3104650913core:PlantMachinery2023-12-3104650913core:Vehicles2023-12-3104650913core:FurnitureFittings2023-12-3104650913core:OfficeEquipment2023-12-3104650913core:AfterOneYear2023-12-3104650913core:WithinOneYear2023-12-3104650913core:ListedExchangeTraded2023-12-3104650913core:UnlistedNon-exchangeTraded2023-12-3104650913core:ShareCapital2023-12-3104650913core:SharePremium2023-12-3104650913core:RevaluationReserve2023-12-3104650913core:OtherReservesSubtotal2023-12-3104650913core:RetainedEarningsAccumulatedLosses2023-12-3104650913core:NetGoodwill2022-12-3104650913core:IntangibleAssetsOtherThanGoodwill2022-12-3104650913core:LandBuildings2022-12-3104650913core:PlantMachinery2022-12-3104650913core:Vehicles2022-12-3104650913core:FurnitureFittings2022-12-3104650913core:OfficeEquipment2022-12-3104650913core:AfterOneYear2022-12-3104650913core:WithinOneYear2022-12-3104650913core:List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P S J PROPERTIES LTD.

Registered Number
04650913
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2023

P S J PROPERTIES LTD.
Company Information
for the year from 1 January 2023 to 31 December 2023

Directors

M P Jessopp
P S Jessopp

Company Secretary

P S Jessopp

Registered Address

107 North Street
Martock
Somerset
TA12 6EJ

Registered Number

04650913 (England and Wales)
P S J PROPERTIES LTD.
Balance Sheet as at
31 December 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets37,629,5177,298,688
7,629,5177,298,688
Current assets
Debtors4103,972144,957
Cash at bank and on hand5,090,8774,201,366
5,194,8494,346,323
Creditors amounts falling due within one year5(807,025)(527,435)
Net current assets (liabilities)4,387,8243,818,888
Total assets less current liabilities12,017,34111,117,576
Provisions for liabilities(24,826)(29,339)
Net assets11,992,51511,088,237
Capital and reserves
Called up share capital349349
Profit and loss account11,992,16611,087,888
Shareholders' funds11,992,51511,088,237
The financial statements were approved and authorised for issue by the Board of Directors on 12 March 2024, and are signed on its behalf by:
M P Jessopp
Director
P S Jessopp
Director

Registered Company No. 04650913
P S J PROPERTIES LTD.
Notes to the Financial Statements
for the year ended 31 December 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Plant and machinery10
Fixtures and fittings10
Vehicles25
2.Average number of employees

20232022
Average number of employees during the year77
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 January 237,614,991
Additions388,697
Disposals90,002
At 31 December 238,093,690
Depreciation and impairment
At 01 January 23316,303
Charge for year30,257
On disposals58,090
Other adjustments59,523
At 31 December 23464,173
Net book value
At 31 December 237,629,517
At 31 December 227,298,688
4.Debtors: amounts due within one year

2023

2022

££
Trade debtors / trade receivables8,72534,766
Amounts owed by associates and joint ventures / participating interests-56,995
Other debtors89,53648,930
Prepayments and accrued income5,7114,266
Total103,972144,957
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
5.Creditors: amounts due within one year

2023

2022

££
Trade creditors / trade payables65611,332
Bank borrowings and overdrafts370,000-
Taxation and social security315,986268,359
Accrued liabilities and deferred income120,383247,744
Total807,025527,435
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.