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REGISTERED NUMBER: 10822858 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

PROPER JOB PROPERTIES LIMITED

PROPER JOB PROPERTIES LIMITED (REGISTERED NUMBER: 10822858)






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


PROPER JOB PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mr G M Hudson
Mr M D Hudson
Mrs S H Hudson





REGISTERED OFFICE: Unit B1 Grange Court
Barton Lane
Abingdon
Oxfordshire
OX14 3NB





REGISTERED NUMBER: 10822858 (England and Wales)





ACCOUNTANTS: Bronsens
Chartered Certified Accountants
Hillside
Albion Street
Chipping Norton
Oxfordshire
OX7 5BH

PROPER JOB PROPERTIES LIMITED (REGISTERED NUMBER: 10822858)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 517,272 375,810

CURRENT ASSETS
Debtors 5 386 829
Cash at bank and in hand 1,679 3,204
2,065 4,033
CREDITORS
Amounts falling due within one year 6 24,557 23,484
NET CURRENT LIABILITIES (22,492 ) (19,451 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

494,780

356,359

CREDITORS
Amounts falling due after more than one
year

7

(172,183

)

(207,133

)

PROVISIONS FOR LIABILITIES 10 (36,710 ) (1,263 )
NET ASSETS 285,887 147,963

CAPITAL AND RESERVES
Called up share capital 11 300 300
Revaluation reserve 12 107,127 -
Retained earnings 178,460 147,663
SHAREHOLDERS' FUNDS 285,887 147,963

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.

PROPER JOB PROPERTIES LIMITED (REGISTERED NUMBER: 10822858)

BALANCE SHEET - 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 25 September 2024 and were signed on its behalf by:




Mr G M Hudson - Director Mr M D Hudson - Director




Mrs S H Hudson - Director


PROPER JOB PROPERTIES LIMITED (REGISTERED NUMBER: 10822858)

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

1. STATUTORY INFORMATION

Proper Job 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. 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 rents charged net of value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - not provided
Fixtures and fittings - 15% on reducing balance

The directors consider that freehold properties are maintained in such a state of repair that their residual value is at least equal to their net book value. As a result, the corresponding depreciation would not be material and therefore is not charged in the profit and loss account.

The directors perform regular impairment reviews to ensure that the recoverable amount is not lower than the carrying 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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

PROPER JOB PROPERTIES LIMITED (REGISTERED NUMBER: 10822858)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Computer
property fittings equipment Totals
£    £    £    £   
COST OR VALUATION
At 1 April 2023 369,165 13,674 2,170 385,009
Revaluations 142,835 - - 142,835
At 31 March 2024 512,000 13,674 2,170 527,844
DEPRECIATION
At 1 April 2023 - 7,607 1,592 9,199
Charge for year - 910 463 1,373
At 31 March 2024 - 8,517 2,055 10,572
NET BOOK VALUE
At 31 March 2024 512,000 5,157 115 517,272
At 31 March 2023 369,165 6,067 578 375,810

Cost or valuation at 31 March 2024 is represented by:

Fixtures
Freehold and Computer
property fittings equipment Totals
£    £    £    £   
Valuation in 2024 142,835 - - 142,835
Cost 369,165 13,674 2,170 385,009
512,000 13,674 2,170 527,844

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

31.3.24 31.3.23
£    £   
Cost 369,165 369,165

Freehold land and buildings were valued on an open market basis on 31 March 2024 by the directors .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Prepayments 386 829

PROPER JOB PROPERTIES LIMITED (REGISTERED NUMBER: 10822858)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts (see note 8) 12,453 12,453
Trade creditors 995 38
Tax 7,485 7,422
VAT 2,424 2,521
Accrued expenses 1,200 1,050
24,557 23,484

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans (see note 8) 32,683 43,133
Other loans (see note 8) 139,500 164,000
172,183 207,133

8. LOANS

An analysis of the maturity of loans is given below:

31.3.24 31.3.23
£    £   
Amounts falling due within one year or on demand:
Bank loans 12,453 12,453

Amounts falling due between one and two years:
Bank loans - 1-2 years 12,453 12,453
Loan from Advanced Coffee
Equipment & Supplies Limited 139,500 164,000
151,953 176,453

Amounts falling due between two and five years:
Bank loans - 2-5 years 20,230 30,680

9. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Bank loans 45,136 55,586

The bank loan is secured by way of a fixed and floating charge over the assets of the company. There are two charges dated 22 September 2017 and 5 July 2018 both in favour of Barclays Bank plc.

PROPER JOB PROPERTIES LIMITED (REGISTERED NUMBER: 10822858)

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

10. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax
Accelerated capital allowances 1,002 1,263
Other timing differences 35,708 -
36,710 1,263

Deferred
tax
£   
Balance at 1 April 2023 1,263
Provided during year (261 )
Deferred tax on property 35,708
Balance at 31 March 2024 36,710

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 Ordinary A £1 £1 100 100
100 Ordinary B £1 £1 100 100
100 Ordinary C £1 £1 100 100
300 300

12. RESERVES
Revaluation
reserve
£   
Revaluation of property 107,127

At 31 March 2024 107,127

13. RELATED PARTY DISCLOSURES

During the year the company rented a commercial premises to two company's owned by the directors. The rent in the financial statements comprises the total sum charged to the two entities. The rent was charged at normal commercial rates.