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REGISTERED NUMBER: 05031086 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2023

FOR

PJS GLOBAL LIMITED

PJS GLOBAL LIMITED (REGISTERED NUMBER: 05031086)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31st March 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


PJS GLOBAL LIMITED

COMPANY INFORMATION
for the year ended 31st March 2023







DIRECTORS: A K N Sood
A Sood
R K Sood





SECRETARY: A K Sood





REGISTERED OFFICE: 92 Goodmayes Road
Goodmayes
Essex
IG3 9UU





REGISTERED NUMBER: 05031086 (England and Wales)





ACCOUNTANTS: Chegwidden & Co
Chartered Accountants
Priestley House
Priestley Gardens
Chadwell Heath
Essex
RM6 4SN

PJS GLOBAL LIMITED (REGISTERED NUMBER: 05031086)

ABRIDGED BALANCE SHEET
31st March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,250,000 4,250,000

CURRENT ASSETS
Debtors 48,606 38,960
Cash at bank 193,796 84,771
242,402 123,731
CREDITORS
Amounts falling due within one year 1,485,035 1,420,720
NET CURRENT LIABILITIES (1,242,633 ) (1,296,989 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,007,367

2,953,011

CREDITORS
Amounts falling due after more than one
year

(600,000

)

(600,000

)

PROVISIONS FOR LIABILITIES (364,441 ) (364,441 )
NET ASSETS 2,042,926 1,988,570

CAPITAL AND RESERVES
Called up share capital 4 4
Revaluation reserve 6 1,553,669 1,918,110
Retained earnings 489,253 70,456
SHAREHOLDERS' FUNDS 2,042,926 1,988,570

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

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

PJS GLOBAL LIMITED (REGISTERED NUMBER: 05031086)

ABRIDGED BALANCE SHEET - continued
31st March 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31st March 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 5th August 2024 and were signed on its behalf by:




A K N Sood - Director



A Sood - Director


PJS GLOBAL LIMITED (REGISTERED NUMBER: 05031086)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31st March 2023

1. STATUTORY INFORMATION

PJS Global 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

Going concern
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 as modified by the revaluation of certain assets.

The company meets its daily working capital requirements by managing cash flow, and by receiving financial support from the bank and the director.

The nature of the business is such that there can be considerable unpredictable variation in the timing of cash inflows. The director monitors the position regularly and on the basis of projected cash flow information for the current period, the director considers that the company will continue to operate for the foreseeable future. On this basis, and with continued support, the director considers it appropriate to prepare the accounts on the going concern basis. The financial statements do not include any adjustments that would result if this basis were inappropriate.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - not provided
Plant and machinery etc - 25% on cost

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 3 (2022 - 3 ) .

PJS GLOBAL LIMITED (REGISTERED NUMBER: 05031086)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31st March 2023

4. TANGIBLE FIXED ASSETS
Totals
£   
COST OR VALUATION
At 1st April 2022
and 31st March 2023 4,254,334
DEPRECIATION
At 1st April 2022
and 31st March 2023 4,334
NET BOOK VALUE
At 31st March 2023 4,250,000
At 31st March 2022 4,250,000

Cost or valuation at 31st March 2023 is represented by:

Totals
£   
Valuation in 2017 278,110
Valuation in 2020 1,640,000
Cost 2,336,224
4,254,334

If freehold land and building had not been revalued they would have been included at the following historical cost:

2023 2022
£    £   
Cost 2,331,890 2,331,890

Freehold land and buildings were valued on an open market basis on 31st March 2020 by the directors .

5. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Other loans 600,000 600,000

Mr A K N Sood, a director, holds a legal charge over 194 - 200 High Road, Chadwell Heath and all plant and machinery affixed to it, dated 23 February 2012.

PJS GLOBAL LIMITED (REGISTERED NUMBER: 05031086)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31st March 2023

6. RESERVES
Revaluation
reserve
£   
At 1st April 2022 1,918,110
Transfer between reserves (364,441 )

At 31st March 2023 1,553,669

7. RELATED PARTY DISCLOSURES

A K N Sood, a director, loaned the company £600,000 with an interest rate of 4.5 percent above the Bank of England base rate. Gross interest of £64,641 (2022; £42,817) was charged in the year.

Dividends of £6,000 were paid to the directors in the year (2022; £nil).

Included in other creditors are loans from the directors totalling £1,147,663 (2022; £1,095,710) which are interest free and repayable on demand.

Also included in other creditors is a loan from A K Sood, a shareholder in the sum of £160,237 (2022; £157,192) which is interest free and repayable on demand.

8. ULTIMATE CONTROLLING PARTY

The directors and close members of their family control the company by virtue of their holding of 100 percent of the issued shares.