Registered number
12340652
P3J ESTATES LTD
Filleted Accounts
30 November 2023
P3J ESTATES LTD
Registered number: 12340652
Balance Sheet
as at 30 November 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 229,888 230,407
Current assets
Cash at bank and in hand 3,618 2,803
Creditors: amounts falling due within one year 4 (8,490) (6,872)
Net current liabilities (4,872) (4,069)
Total assets less current liabilities 225,016 226,338
Creditors: amounts falling due after more than one year 5 (216,014) (221,040)
Net assets 9,002 5,298
Capital and reserves
Called up share capital 100 100
Profit and loss account 8,902 5,198
Shareholders' funds 9,002 5,298
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Jayalakshmi Venkata Chaganti
Director
Approved by the board on 28 November 2024
P3J ESTATES LTD
Notes to the Accounts
for the year ended 30 November 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 December 2022 226,898 4,386 231,284
Additions - 228 228
At 30 November 2023 226,898 4,614 231,512
Depreciation
At 1 December 2022 - 877 877
Charge for the year - 747 747
At 30 November 2023 - 1,624 1,624
Net book value
At 30 November 2023 226,898 2,990 229,888
At 30 November 2022 226,898 3,509 230,407
4 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs 991 396
Other creditors 7,499 6,476
8,490 6,872
5 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 164,806 164,806
Other creditors 51,208 56,234
216,014 221,040
6 Other information
P3J ESTATES LTD is a private company limited by shares and incorporated in England. Its registered office is:
51 Crestwood Way
Hounslow
Middlesex
TW4 5EQ
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