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REGISTERED NUMBER: 05077110 (England and Wales)















Financial Statements

for the Year Ended 31 March 2024

for

PMNJIC Properties Limited

PMNJIC Properties Limited (Registered number: 05077110)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


PMNJIC Properties Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: J M Erridge
N P Long
C J Long





SECRETARY: C J Long





REGISTERED OFFICE: Longacres Nursery
London Road
Bagshot
Surrey
GU19 5JB





REGISTERED NUMBER: 05077110 (England and Wales)





ACCOUNTANTS: Barnbrook Sinclair
Chartered Accountants
Chancery House
30 St Johns Road
Woking
Surrey
GU21 7SA

PMNJIC Properties Limited (Registered number: 05077110)

Statement of Financial Position
31 March 2024

31/3/24 31/3/23
Notes £    £   
FIXED ASSETS
Tangible assets 5 - -
Investment property 6 7,067,124 6,465,500
7,067,124 6,465,500

CURRENT ASSETS
Debtors 7 17,708 14,147
Cash at bank 136,532 299,469
154,240 313,616
CREDITORS
Amounts falling due within one year 8 (48,406 ) (37,789 )
NET CURRENT ASSETS 105,834 275,827
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,172,958

6,741,327

CREDITORS
Amounts falling due after more than one
year

9

(4,223,151

)

(3,921,364

)

PROVISIONS FOR LIABILITIES (151,417 ) (247,347 )
NET ASSETS 2,798,390 2,572,616

CAPITAL AND RESERVES
Called up share capital 60 60
Fair value reserve 10 1,281,299 1,432,659
Retained earnings 1,517,031 1,139,897
2,798,390 2,572,616

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.

PMNJIC Properties Limited (Registered number: 05077110)

Statement of Financial Position - continued
31 March 2024


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 14 August 2024 and were signed on its behalf by:





J M Erridge - Director


PMNJIC Properties Limited (Registered number: 05077110)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

PMNJIC Properties 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost

Investment property
Investment properties are valued at fair open market value at each reporting date, with gains and losses recognised in the profit and loss account. Deferred tax is provided on these gains at the rate expected to apply when the property is sold.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

4. EMPLOYEES AND DIRECTORS

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

PMNJIC Properties Limited (Registered number: 05077110)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
Cost
At 1 April 2023
and 31 March 2024 57,886
Depreciation
At 1 April 2023
and 31 March 2024 57,886
Net book value
At 31 March 2024 -
At 31 March 2023 -

6. INVESTMENT PROPERTY
Total
£   
Fair value
At 1 April 2023 6,465,500
Additions 601,624
At 31 March 2024 7,067,124
Net book value
At 31 March 2024 7,067,124
At 31 March 2023 6,465,500

If investment property had not been revalued it would be included at the historical cost of £5,634,465 (2023: £5,032,841)

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Trade debtors 17,708 13,247
Other debtors - 900
17,708 14,147

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Trade creditors 3,644 4,329
Taxation and social security 43,262 32,060
Other creditors 1,500 1,400
48,406 37,789

PMNJIC Properties Limited (Registered number: 05077110)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/3/24 31/3/23
£    £   
Other creditors 4,223,151 3,921,364

10. RESERVES
Fair
value
reserve
£   
At 1 April 2023 1,432,659
Reserves transfer (151,360 )

At 31 March 2024 1,281,299