Acorah Software Products - Accounts Production 16.0.110 false true 28 February 2023 1 March 2022 false 1 March 2023 28 February 2024 28 February 2024 05014969 Mr Philip Paterson-Fox iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05014969 2023-02-28 05014969 2024-02-28 05014969 2023-03-01 2024-02-28 05014969 frs-core:CurrentFinancialInstruments 2024-02-28 05014969 frs-core:Non-currentFinancialInstruments 2024-02-28 05014969 frs-core:InvestmentPropertyIncludedWithinPPE 2024-02-28 05014969 frs-core:InvestmentPropertyIncludedWithinPPE 2023-02-28 05014969 frs-core:RevaluationReserve 2023-02-28 05014969 frs-core:RevaluationReserve 2024-02-28 05014969 frs-core:ShareCapital 2024-02-28 05014969 frs-core:RetainedEarningsAccumulatedLosses 2024-02-28 05014969 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-28 05014969 frs-bus:FilletedAccounts 2023-03-01 2024-02-28 05014969 frs-bus:SmallEntities 2023-03-01 2024-02-28 05014969 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-28 05014969 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-28 05014969 frs-bus:Director1 2023-03-01 2024-02-28 05014969 frs-countries:EnglandWales 2023-03-01 2024-02-28 05014969 2022-02-28 05014969 2023-02-28 05014969 2022-03-01 2023-02-28 05014969 frs-core:CurrentFinancialInstruments 2023-02-28 05014969 frs-core:Non-currentFinancialInstruments 2023-02-28 05014969 frs-core:RevaluationReserve 2023-02-28 05014969 frs-core:ShareCapital 2023-02-28 05014969 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28 05014969 frs-core:CurrentFinancialInstruments 1 2023-02-28
Registered number: 05014969
Pjc Investments Limited
Unaudited Financial Statements
For The Year Ended 28 February 2024
Stanford Williams Limited
Chartered Certified Accountants
Unit C
271-273 High Street
Blackwood
Gwent
NP12 1AW
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 05014969
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 110,000 110,000
110,000 110,000
CURRENT ASSETS
Debtors 5 1,538 65,979
Cash at bank and in hand 3,472 1,054
5,010 67,033
Creditors: Amounts Falling Due Within One Year 6 (59,219 ) 2,930
NET CURRENT ASSETS (LIABILITIES) (54,209 ) 69,963
TOTAL ASSETS LESS CURRENT LIABILITIES 55,791 179,963
Creditors: Amounts Falling Due After More Than One Year 7 (94,892 ) (218,827 )
NET LIABILITIES (39,101 ) (38,864 )
CAPITAL AND RESERVES
Called up share capital 8 8 8
Revaluation reserve 9 24,603 24,603
Profit and Loss Account (63,712 ) (63,475 )
SHAREHOLDERS' FUNDS (39,101) (38,864)
Page 1
Page 2
For the year ending 28 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Philip Paterson-Fox
Director
14/11/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Pjc Investments Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05014969 . The registered office is Pen-Y-Cwarel House, Maesycwmmer, Hengoed, CF82 7SN.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
2.4. Investment Properties
Fair value £
At 1 March 2018 and 28 February 2019 110,000

The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

The valuation of the property was made as at 28 February 2005 by CHL Limited.

If the investment property had not been revalued, it would have been included at the historical cost of £85,397 (2018: £85,397).

There is a legal charge held by Paragon Mortgages Limited (created 19 March 2004) and a deed of charge held by Capital Home Loans Limited (created 16 January 2006) held over the investment property.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Tangible Assets
Investment Properties
£
Cost
As at 1 March 2023 110,000
As at 28 February 2024 110,000
Net Book Value
As at 28 February 2024 110,000
As at 1 March 2023 110,000
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Page 4
5. Debtors
2024 2023
£ £
Due within one year
Loans to Related Parties - 57,867
Loans to Related Parties (MPJ) - 4,574
Amounts owed by associates 1,538 3,538
1,538 65,979
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors (1 ) (1 )
Corporation tax - (1,165 )
Other creditors (2,603 ) (2,603 )
Accruals and deferred income 300 300
Director's loan account 61,523 539
59,219 (2,930 )
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Mortgage 94,892 218,827
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 8 8
9. Reserves
Revaluation Reserve
£
As at 1 March 2023 24,603
As at 28 February 2024 24,603
10. Related Party Transactions
The balance owed by MPJ Developments Limited - a company in which the director of PJC Investments Limited is a shareholder has been repaid by the director (2023: £62,669) in addition to which, a long term loan to PJC Investment Ltd of £123,938 has also been repaid.
The company is owed £1,538 (2023: £3,538) by PPF Consulting Limited - a company in which the director of PJC Investments Limited is a shareholder
Page 4