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REGISTERED NUMBER: 04574519 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

P J McNama Limited

P J McNama Limited (Registered number: 04574519)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


P J McNama Limited

Company Information
for the Year Ended 30 November 2023







DIRECTORS: P J McNama
M McNama





REGISTERED OFFICE: 17 Duckmoor Road
Ashton
Bristol
BS3 2DD





REGISTERED NUMBER: 04574519 (England and Wales)





ACCOUNTANTS: P B Accountancy Ltd
17 Duckmoor Road
Ashton
Bristol
BS3 2DD

P J McNama Limited (Registered number: 04574519)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 845
Tangible assets 5 114,170 151,865
Investment property 6 447,031 406,597
561,201 559,307

CURRENT ASSETS
Stocks 89,118 -
Debtors 7 24,541 109,398
Cash at bank 132,879 235,581
246,538 344,979
CREDITORS
Amounts falling due within one year 8 48,052 52,731
NET CURRENT ASSETS 198,486 292,248
TOTAL ASSETS LESS CURRENT
LIABILITIES

759,687

851,555

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 759,587 851,455
SHAREHOLDERS' FUNDS 759,687 851,555

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

P J McNama Limited (Registered number: 04574519)

Balance Sheet - continued
30 November 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 20 August 2024 and were signed on its behalf by:





M McNama - Director


P J McNama Limited (Registered number: 04574519)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

P J McNama 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

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

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.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

P J McNama Limited (Registered number: 04574519)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 December 2022 845
Disposals (845 )
At 30 November 2023 -
NET BOOK VALUE
At 30 November 2023 -
At 30 November 2022 845

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 December 2022 104,441 2,829 415,088 5,721 528,079
Additions 1,470 - - - 1,470
At 30 November 2023 105,911 2,829 415,088 5,721 529,549
DEPRECIATION
At 1 December 2022 79,152 2,401 291,340 3,321 376,214
Charge for year 6,697 107 30,937 1,424 39,165
At 30 November 2023 85,849 2,508 322,277 4,745 415,379
NET BOOK VALUE
At 30 November 2023 20,062 321 92,811 976 114,170
At 30 November 2022 25,289 428 123,748 2,400 151,865

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2022 406,597
Additions 40,434
At 30 November 2023 447,031
NET BOOK VALUE
At 30 November 2023 447,031
At 30 November 2022 406,597

P J McNama Limited (Registered number: 04574519)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 22,584 107,761
Other debtors 1,957 1,637
24,541 109,398

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade creditors 10,414 1,010
Taxation and social security (58,289 ) (40,679 )
Other creditors 95,927 92,400
48,052 52,731

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 November 2023 and 30 November 2022:

30.11.23 30.11.22
£    £   
P J McNama and M McNama
Balance outstanding at start of year (89,750 ) (87,521 )
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (93,197 ) (89,750 )

10. ULTIMATE CONTROLLING PARTY

The company was controlled throughout the current and previous period by the Directors, who between them own all the share capital of the company.