Registered number
08304332
PJS Investments (Properties) Ltd
Filleted Accounts
30 November 2023
PJS Investments (Properties) Ltd
Registered number: 08304332
Balance Sheet
as at 30 November 2023
Notes 2023 2022
£ £
Current assets
Stocks 140,137 140,137
Debtors 3 866,216 530,454
Cash at bank and in hand 836,302 917,823
1,842,655 1,588,414
Creditors: amounts falling due within one year 4 (1,077,588) (785,440)
Net current assets 765,067 802,974
Net assets 765,067 802,974
Capital and reserves
Called up share capital 100 100
Profit and loss account 764,967 802,874
Shareholders' funds 765,067 802,974
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
P J Sellar
Director
Approved by the board on 22 August 2024
PJS Investments (Properties) Ltd
Notes to the Accounts
for the year ended 30 November 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
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.
Creditors
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Debtors 2023 2022
£ £
Trade debtors 266,244 266,244
Amounts owed by group undertakings and undertakings in which the company has a participating interest 100,000 -
Other debtors 499,972 264,210
866,216 530,454
4 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 266,244 266,244
Corporation tax 33,165 80,136
Other creditors 778,179 439,060
1,077,588 785,440
5 Related party transactions
PJS Investmen Properties Limited lent £100,000 To Scancrown Limited, a company that is wholly owned by the director of PJS Investmen Properties Limited.
6 Controlling party
P J Sellar owns 100% of the share capital and is the controlling party.
7 Other information
PJS Investments (Properties) Ltd is a private company limited by shares and incorporated in England. Its registered office is:
1 Baker Street
London
W1U 8ED
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