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Registration number: 10622994

PJohnson Holdings Limited

Unaudited Financial Statements

for the Year Ended 30 September 2024

 

PJohnson Holdings Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 7

 

PJohnson Holdings Limited

(Registration number: 10622994)
Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Investments

4

310

310

Current assets

 

Debtors

5

438,327

374,264

Cash at bank and in hand

 

260

358

 

438,587

374,622

Creditors: Amounts falling due within one year

6

(64,931)

(96,792)

Net current assets

 

373,656

277,830

Net assets

 

373,966

278,140

Capital and reserves

 

Called up share capital

200

200

Retained earnings

373,766

277,940

Shareholders' funds

 

373,966

278,140

For the financial year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 31 October 2024
 

Mr Paul Michael Johnson
Director

   
     
 

PJohnson Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Unit 1 The Cam Centre
Wilbury Way
Hitchin
Hertfordshire
SG4 0TW
United Kingdom

The principal place of business is:
Office Suite G4
Cuffley Place
Sopers Road
Cuffley
EN6 4SG

These financial statements were authorised for issue by the director on 31 October 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Group accounts not prepared

In the opinion of the directors, the company and its subsidiary undertakings comprise a small group. The company has therefore taken advantage of the exemption provided by Section 398 of the Companies Act 2006 not to prepare group accounts..

 

PJohnson Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Judgements

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

The company has no trading turnover, it's income comes from dividends from investments in subsidiaries and such income recognised in the accounts on the date of payment.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

 

PJohnson Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

4

Investments

2024
£

2023
£

Investments in subsidiaries

260

260

Investments in associates

50

50

310

310

Subsidiaries

£

Cost or valuation

At 1 October 2023

260

Provision

Carrying amount

At 30 September 2024

260

At 30 September 2023

260

Associates

£

Cost

At 1 October 2023

50

Provision

Carrying amount

At 30 September 2024

50

At 30 September 2023

50

 

PJohnson Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

2024

2023

Subsidiary undertakings

Premier Commercial Lending Limited

Unit 1,
The Cam Centre,
Wilbury Way,
Hitchin,
Herts,
SG4 0TW

England

Ordinary Shares

100%

100%

Premier Property Solutions (UK) Limited

Unit 1,
The Cam Centre,
Wilbury Way,
Hitchin,
Herts,
SG4 0TW

England

Ordinary Shares

100%

100%

Sealed With A Gift Limited

Unit 1, The Cam Centre
Wilbury Way
Hitchin
SG4 0TW

England

Ordinary Shares

60%

60%

Associates

The Property Consultancy Group Limited

Unit 1,
The Cam Centre,
Wilbury Way,
Hitchin,
Herts,
SG4 0TW

Ordinary Shares

50%

50%

England

 

PJohnson Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Subsidiary undertakings

Premier Commercial Lending Limited

The principal activity of Premier Commercial Lending Limited is that of introductory services to those who require commercial mortgage consultancy.

Premier Property Solutions (UK) Limited

The principal activity of Premier Property Solutions (UK) Limited is that of mortgage consultancy.

Sealed With A Gift Limited

The principal activity of Sealed With A Gift Limited is that of a dormant company.

Associates

The Property Consultancy Group Limited

The principal activity of The Property Consultancy Group Limited is consultancy relating to the sourcing of residiential or investment property.

5

Debtors

Note

2024
£

2023
£

Amounts owed by group undertakings and undertakings in which the company has a participating interest

9

110,469

24,689

Other debtors

 

327,858

349,575

 

438,327

374,264

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Amounts owed to group undertakings and undertakings in which the company has a participating interest

9

64,241

67,511

Taxation and social security

 

-

28,891

Accruals and deferred income

 

690

390

 

64,931

96,792

 

PJohnson Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

7

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary shares of £1 each

200

200

200

200

         

8

Dividends

2024

2023

£

£

Interim dividend of £386.65 (2023 - £284.15) per ordinary share

77,330

56,830

 

 

9

Related party transactions

Summary of transactions with subsidiaries

At the balance sheet date the company owed £61,141 (2023: £67,541) to Premier Property Solutions (UK) Limited, a subsidiary company controlled by Mr P Johnson by virtue of his 100% shareholding in PJohnson Holdings Limited.

At the balance sheet date the company was owed £9,642 (2023: £10,578) from Premier Commercial Lending Limited, a subsidiary company controlled by Mr P Johnson by virtue of his 100% shareholding in PJohnson Holdings Limited.

At the balance sheet date the company was owed £5,497 (2023: £6,701) from The Property Consultancy Group Limited, an associate company of PJohnson Holdings Limited.

At the balance sheet date the company owed £60 (2023: £60) to Sealed With a Gift Limited, a subsidiary company controlled by Mr P Johnson by virtue of his 100% shareholding in PJohnson Holdings Limited.

At the balance sheet date the company was owed £87,920 (2023: £nil) from Tauro Properties Ltd, a company under common control.

There are no terms relating to the repayment of these loans or the payment of interest.

 

10

Ultimate Controlling Party

The ultimate controlling party is P Johnson by virtue of his shareholding.