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REGISTERED NUMBER: 04578708 (England and Wales)






















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

P & A JENNINGS HOLDINGS LIMITED

P & A JENNINGS HOLDINGS LIMITED (REGISTERED NUMBER: 04578708)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


P & A JENNINGS HOLDINGS LIMITED

COMPANY INFORMATION
for the Year Ended 31 December 2023







DIRECTORS: P Jennings
Mrs A Jennings





REGISTERED OFFICE: Larkhill Farm
Rectory Lane
Standish
Wigan
Lancashire
WN6 0XB





REGISTERED NUMBER: 04578708 (England and Wales)





ACCOUNTANTS: Fairhurst
Chartered Accountants
Douglas Bank House
Wigan Lane
Wigan
Lancashire
WN1 2TB

P & A JENNINGS HOLDINGS LIMITED (REGISTERED NUMBER: 04578708)

STATEMENT OF FINANCIAL POSITION
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 48 62
Investment property 5 180,000 150,000
180,048 150,062

CURRENT ASSETS
Cash at bank 14,027 37,113

CREDITORS
Amounts falling due within one year 6 103,632 133,029
NET CURRENT LIABILITIES (89,605 ) (95,916 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

90,443

54,146

CAPITAL AND RESERVES
Called up share capital 1 1
Fair value reserve 7 40,000 10,000
Retained earnings 7 50,442 44,145
SHAREHOLDERS' FUNDS 90,443 54,146

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

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

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 September 2024 and were signed on its behalf by:




P Jennings - Director


P & A JENNINGS HOLDINGS LIMITED (REGISTERED NUMBER: 04578708)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

P & A Jennings Holdings 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.

The disclosure requirements of section 1a of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The principal accounting policies adopted in the preparation of the financial statements are set out below.

Tangible fixed assets
Tangible fixed assets are stated at cost less accumulated depreciation.

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery etc - 25% on reducing balance and 20% on reducing balance

Investment property
Investment properties are properties held to earn rentals and/or for capital appreciation. Investment properties are initially measured at cost. Subsequently investment properties are measured at fair value. Deferred tax is provided upon any movements in fair value.

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.

Financial instruments
The company only enters into basic financial instrument transactions. The following assets and liabilities are classified as financial instruments; bank accounts, accruals and Directors' loan accounts.

Financial instruments that are payable or receivable within one year, typically bank accounts and Directors' loan accounts are measured initially and subsequently at the undiscounted amount of the cash or other consideration that is expected to be paid or received.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

P & A JENNINGS HOLDINGS LIMITED (REGISTERED NUMBER: 04578708)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023
and 31 December 2023 5,166
DEPRECIATION
At 1 January 2023 5,104
Charge for year 14
At 31 December 2023 5,118
NET BOOK VALUE
At 31 December 2023 48
At 31 December 2022 62

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023 150,000
Revaluations 30,000
At 31 December 2023 180,000
NET BOOK VALUE
At 31 December 2023 180,000
At 31 December 2022 150,000

Fair value at 31 December 2023 is represented by:
£   
Valuation in 2013 (8,589 )
Valuation in 2014 10,000
Valuation in 2017 10,000
Valuation in 2023 30,000
Cost 138,589
180,000

The investment properties were valued at fair value by the directors on the 31 December 2023.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other creditors 103,632 133,029

P & A JENNINGS HOLDINGS LIMITED (REGISTERED NUMBER: 04578708)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023

7. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 January 2023 44,145 10,000 54,145
Profit for the year 38,131 38,131
Dividends (1,834 ) (1,834 )
Property revaluation (30,000 ) 30,000 -
At 31 December 2023 50,442 40,000 90,442

Included within retained earnings is £1,411 that represents the net gain on investment properties. This amount is non distributable to shareholders.