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REGISTERED NUMBER: 04704918 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

J P Pridmore Limited

J P Pridmore Limited (Registered number: 04704918)






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


J P Pridmore Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Mr J P Pridmore





SECRETARY: Mrs T A Pridmore





REGISTERED OFFICE: 1 Pinnacle Way
Pride Park
Derby
Derbyshire
DE24 8ZS





REGISTERED NUMBER: 04704918 (England and Wales)





ACCOUNTANTS: Franklins
1 Pinnacle Way
Pride Park
Derby
Derbyshire
DE24 8ZS

J P Pridmore Limited (Registered number: 04704918)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Investment property 5 470,000 515,000
470,000 515,000

CURRENT ASSETS
Debtors 6 3,308 -
Cash at bank 63,699 71,339
67,007 71,339
CREDITORS
Amounts falling due within one year 7 246,082 261,652
NET CURRENT LIABILITIES (179,075 ) (190,313 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

290,925

324,687

PROVISIONS FOR LIABILITIES - 7,942
NET ASSETS 290,925 316,745

CAPITAL AND RESERVES
Called up share capital 100 100
Non distributable reserve 8 (9,924 ) 23,826
Retained earnings 300,749 292,819
SHAREHOLDERS' FUNDS 290,925 316,745

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 director acknowledges his 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.

J P Pridmore Limited (Registered number: 04704918)

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 7 November 2024 and were signed by:





Mr J P Pridmore - Director


J P Pridmore Limited (Registered number: 04704918)

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

1. STATUTORY INFORMATION

J P Pridmore 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.

Turnover
Turnover represents the company's share of the profits of the partnership.

Goodwill
Purchased goodwill is amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives.

Goodwill- ten years

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 200,000
AMORTISATION
At 1 April 2023
and 31 March 2024 200,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

Goodwill arose on the purchase of the company's share in the partnership.

J P Pridmore Limited (Registered number: 04704918)

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

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 515,000
Revaluations (45,000 )
At 31 March 2024 470,000
NET BOOK VALUE
At 31 March 2024 470,000
At 31 March 2023 515,000

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2022 23,642
Valuation in 2023 8,126
Valuation in 2024 (45,000 )
Cost 483,232
470,000

If investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 483,232 483,232

Investment property was valued on an open market basis on 31 March 2024 by Mr J P Pridmore .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other Debtors 3,308 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Tax 1,860 4,868
Directors' current accounts 235,942 255,584
Accruals and deferred income 8,280 1,200
246,082 261,652

J P Pridmore Limited (Registered number: 04704918)

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

8. RESERVES
Non
distributable
reserve
£   
At 1 April 2023 23,826
Revaluation (33,750 )

At 31 March 2024 (9,924 )