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REGISTERED NUMBER: 01416504 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

JOHNSONS (PARK ROYAL) LIMITED

JOHNSONS (PARK ROYAL) LIMITED (REGISTERED NUMBER: 01416504)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JOHNSONS (PARK ROYAL) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: J H Johnson
Mrs L Johnson
P J Johnson
Mrs C M Johnson
Paul J Johnson





SECRETARY: P J Johnson





REGISTERED OFFICE: Sterling House
27 Hatchlands Road
Redhill
Surrey
RH1 6RW





REGISTERED NUMBER: 01416504 (England and Wales)





ACCOUNTANTS: GBJ Financial Limited
Sterling House
27 Hatchlands Road
Redhill
Surrey
RH1 6RW

JOHNSONS (PARK ROYAL) LIMITED (REGISTERED NUMBER: 01416504)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 62,673 14,859
Investments 5 1,949,524 1,592,851
Investment property 6 10,410,000 10,010,000
12,422,197 11,617,710

CURRENT ASSETS
Debtors 7 60,268 89,286
Cash at bank 400,294 348,072
460,562 437,358
CREDITORS
Amounts falling due within one year 8 761,917 613,457
NET CURRENT LIABILITIES (301,355 ) (176,099 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

12,120,842

11,441,611

CREDITORS
Amounts falling due after more than one
year

9

(39,704

)

(14,238

)

PROVISIONS FOR LIABILITIES (653,660 ) (578,379 )
NET ASSETS 11,427,478 10,848,994

JOHNSONS (PARK ROYAL) LIMITED (REGISTERED NUMBER: 01416504)

BALANCE SHEET - continued
31 MARCH 2024

2024 2023
Notes £ £ £ £
CAPITAL AND RESERVES
Called up share capital 10 5,000 5,000
Revaluation reserve 11 4,248,538 3,923,819
Retained earnings 11 7,173,940 6,920,175
SHAREHOLDERS' FUNDS 11,427,478 10,848,994

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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 15 August 2024 and were signed on its behalf by:




J H Johnson - Director



P J Johnson - Director


JOHNSONS (PARK ROYAL) LIMITED (REGISTERED NUMBER: 01416504)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Johnsons (Park Royal) 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents rental income net of VAT and trade discounts.

Tangible fixed assets
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided at rates calculated to write off the cost or valuation less estimated residual value of each asset over its expected useful life, as follows.

Fixtures , fittings & equipment 10% - 33% Straight line
Motor vehicles 25% Straight line

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

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.

JOHNSONS (PARK ROYAL) LIMITED (REGISTERED NUMBER: 01416504)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


2. ACCOUNTING POLICIES - continued

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.

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.

Investments
Fixed asset investments are measured at fair value. Changes in fair value are recognised in profit or loss.

Revenue recognition
Rental income represents rents due for the period, calculated on an accruals basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
At 1 April 2023 71,758
Additions 78,336
Disposals (40,923 )
At 31 March 2024 109,171
DEPRECIATION
At 1 April 2023 56,899
Charge for year 20,289
Eliminated on disposal (30,690 )
At 31 March 2024 46,498
NET BOOK VALUE
At 31 March 2024 62,673
At 31 March 2023 14,859

JOHNSONS (PARK ROYAL) LIMITED (REGISTERED NUMBER: 01416504)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£
COST
At 1 April 2023 40,923
Additions 69,320
Disposals (40,923 )
At 31 March 2024 69,320
DEPRECIATION
At 1 April 2023 30,690
Charge for year 17,330
Eliminated on disposal (30,690 )
At 31 March 2024 17,330
NET BOOK VALUE
At 31 March 2024 51,990
At 31 March 2023 10,233

5. FIXED ASSET INVESTMENTS
Shares in
group Other
undertakings investments Totals
£ £ £
COST OR VALUATION
At 1 April 2023 2 1,592,849 1,592,851
Additions - 776,943 776,943
Disposals - (544,113 ) (544,113 )
Revaluations - 123,843 123,843
At 31 March 2024 2 1,949,522 1,949,524
NET BOOK VALUE
At 31 March 2024 2 1,949,522 1,949,524
At 31 March 2023 2 1,592,849 1,592,851

JOHNSONS (PARK ROYAL) LIMITED (REGISTERED NUMBER: 01416504)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


5. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 31 March 2024 is represented by:

Shares in
group Other
undertakings investments Totals
£ £ £
Valuation in 2024 - (108,040 ) (108,040 )
Cost 2 2,057,562 2,057,564
2 1,949,522 1,949,524

6. INVESTMENT PROPERTY
Total
£
FAIR VALUE
At 1 April 2023 10,010,000
Revaluations 400,000
At 31 March 2024 10,410,000
NET BOOK VALUE
At 31 March 2024 10,410,000
At 31 March 2023 10,010,000

Investment properties comprise directors' valuation of £10,410,000 (2023: £10,010,000). No depreciation is provided in respect of these properties.

The historical cost of the investment properties is £5,507,802 (2023: £5,507,802).

A provision has been made for deferred tax on gains on revaluing the properties to their fair value. The total amount provided is £653,660.

JOHNSONS (PARK ROYAL) LIMITED (REGISTERED NUMBER: 01416504)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


6. INVESTMENT PROPERTY - continued

Fair value at 31 March 2024 is represented by:
£
Valuation in 2014 3,347,970
Valuation in 2015 479,000
Valuation in 2016 2,021,000
Valuation in 2017 120,000
Valuation in 2018 680,000
Valuation in 2019 190,000
Valuation in 2021 867,047
Valuation in 2022 (3,154,432 )
Valuation in 2023 (48,387 )
Valuation in 2024 400,000
Cost 5,507,802
10,410,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 47,999 -
Other debtors 12,269 89,286
60,268 89,286

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Hire purchase contracts 7,870 6,066
Taxation and social security 104,233 6,783
Other creditors 649,814 600,608
761,917 613,457

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£ £
Hire purchase contracts 39,704 14,238

JOHNSONS (PARK ROYAL) LIMITED (REGISTERED NUMBER: 01416504)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
5,000 Ordinary £1 5,000 5,000

11. RESERVES
Retained Revaluation
earnings reserve Totals
£ £ £

At 1 April 2023 6,920,175 3,923,819 10,843,994
Profit for the year 298,484 - 298,484
Dividends (120,000 ) - (120,000 )
Deferred tax on revaluation 75,281 (75,281 ) -
Revaluation in year - 400,000 400,000
At 31 March 2024 7,173,940 4,248,538 11,422,478