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REGISTERED NUMBER: 03889448 (England and Wales)















ABRIDGED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

P.J.R. PROPERTY LIMITED

P.J.R. PROPERTY LIMITED (REGISTERED NUMBER: 03889448)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


P.J.R. PROPERTY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTOR: P J Richards





REGISTERED OFFICE: 1 Low Farm Cottages
Bradley Road
Grimsby
South Humberside
DN37 0AL





REGISTERED NUMBER: 03889448 (England and Wales)





ACCOUNTANTS: K L King Accountants
Chartered Accountants
39 Kirkby Road
Hemsworth
Pontefract
West Yorkshire
WF9 4BA

P.J.R. PROPERTY LIMITED (REGISTERED NUMBER: 03889448)

ABRIDGED BALANCE SHEET
30 APRIL 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 29,642 39,328
Investment property 5 420,000 420,000
449,642 459,328

CURRENT ASSETS
Debtors 2,494 1,776
Cash at bank 1,141 4,100
3,635 5,876
CREDITORS
Amounts falling due within one year 62,488 72,852
NET CURRENT LIABILITIES (58,853 ) (66,976 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

390,789

392,352

CREDITORS
Amounts falling due after more than one
year

(3,500

)

(6,887

)

PROVISIONS FOR LIABILITIES 6 (13,705 ) (15,545 )
NET ASSETS 373,584 369,920

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 8 373,484 369,820
SHAREHOLDERS' FUNDS 373,584 369,920

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

P.J.R. PROPERTY LIMITED (REGISTERED NUMBER: 03889448)

ABRIDGED BALANCE SHEET - continued
30 APRIL 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 April 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 9 January 2025 and were signed by:





P J Richards - Director


P.J.R. PROPERTY LIMITED (REGISTERED NUMBER: 03889448)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024


1. STATUTORY INFORMATION

P.J.R. Property 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 rents receivable. The company is not registered for VAT.


Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 20% on reducing balance

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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

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

P.J.R. PROPERTY LIMITED (REGISTERED NUMBER: 03889448)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 May 2023
and 30 April 2024 56,714
DEPRECIATION
At 1 May 2023 17,386
Charge for year 9,686
At 30 April 2024 27,072
NET BOOK VALUE
At 30 April 2024 29,642
At 30 April 2023 39,328

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023
and 30 April 2024 420,000
NET BOOK VALUE
At 30 April 2024 420,000
At 30 April 2023 420,000

The director does not consider the value to have changed at the balance sheet date.

6. PROVISIONS FOR LIABILITIES
30.4.24 30.4.23
£    £   
Deferred tax 13,705 15,545

Deferred
tax
£   
Balance at 1 May 2023 15,545
Credit to Income Statement during year (1,840 )
Balance at 30 April 2024 13,705

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
100 Ordinary £1 100 100

P.J.R. PROPERTY LIMITED (REGISTERED NUMBER: 03889448)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


8. RESERVES
Retained
earnings
£   

At 1 May 2023 369,820
Profit for the year 4,664
Dividends (1,000 )
At 30 April 2024 373,484

Retained earnings include an amount of £189,867 which is non distributable, representing the surplus on the revaluation of investment properties, less a provision for taxation which would arise if the properties were sold at their valuation.