Registration number:
PJohnson Holdings Limited
for the Year Ended 30 September 2024
PJohnson Holdings Limited
Contents
Balance Sheet |
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Notes to the Unaudited Financial Statements |
PJohnson Holdings Limited
(Registration number: 10622994)
Balance Sheet as at 30 September 2024
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2024 |
2023 |
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Fixed assets |
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Investments |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net current assets |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Retained earnings |
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Shareholders' funds |
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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:
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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
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PJohnson Holdings Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024
General information |
The company is a private company limited by share capital, incorporated in England.
The address of its registered office is:
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
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
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
Staff numbers |
The average number of persons employed by the company (including the director) during the year, was
Investments |
2024 |
2023 |
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Investments in subsidiaries |
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Investments in associates |
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Subsidiaries |
£ |
Cost or valuation |
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At 1 October 2023 |
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Provision |
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Carrying amount |
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At 30 September 2024 |
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At 30 September 2023 |
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Associates |
£ |
Cost |
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At 1 October 2023 |
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Provision |
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Carrying amount |
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At 30 September 2024 |
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At 30 September 2023 |
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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 |
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2024 |
2023 |
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Subsidiary undertakings |
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Unit 1,
England |
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Unit 1,
England |
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Unit 1, The Cam Centre
England |
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Associates |
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Unit 1,
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Ordinary Shares |
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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 |
Premier Property Solutions (UK) Limited The principal activity of Premier Property Solutions (UK) Limited is |
Sealed With A Gift Limited The principal activity of Sealed With A Gift Limited is |
Associates |
The Property Consultancy Group Limited The principal activity of The Property Consultancy Group Limited is |
Debtors |
Note |
2024 |
2023 |
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Amounts owed by group undertakings and undertakings in which the company has a participating interest |
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Other debtors |
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Creditors |
Creditors: amounts falling due within one year
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2024 |
2023 |
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Due within one year |
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Amounts owed to group undertakings and undertakings in which the company has a participating interest |
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Taxation and social security |
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Accruals and deferred income |
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PJohnson Holdings Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024
Share capital |
Allotted, called up and fully paid shares
2024 |
2023 |
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No. |
£ |
No. |
£ |
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200 |
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200 |
Dividends |
2024 |
2023 |
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£ |
£ |
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Interim dividend of £ |
77,330 |
56,830 |
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Related party transactions |
Summary of transactions with subsidiaries
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.
Ultimate Controlling Party |
The ultimate controlling party is