IRIS Accounts Production v24.2.0.383 11796522 director 1.2.23 31.12.23 31.12.23 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh117965222023-01-31117965222023-12-31117965222023-02-012023-12-31117965222022-01-31117965222022-02-012023-01-31117965222023-01-3111796522ns15:EnglandWales2023-02-012023-12-3111796522ns14:PoundSterling2023-02-012023-12-3111796522ns10:Director12023-02-012023-12-3111796522ns10:PrivateLimitedCompanyLtd2023-02-012023-12-3111796522ns10:SmallEntities2023-02-012023-12-3111796522ns10:AuditExemptWithAccountantsReport2023-02-012023-12-3111796522ns10:SmallCompaniesRegimeForDirectorsReport2023-02-012023-12-3111796522ns10:SmallCompaniesRegimeForAccounts2023-02-012023-12-3111796522ns10:FullAccounts2023-02-012023-12-3111796522ns10:RegisteredOffice2023-02-012023-12-3111796522ns5:CurrentFinancialInstruments2023-12-3111796522ns5:CurrentFinancialInstruments2023-01-3111796522ns5:Non-currentFinancialInstruments2023-12-3111796522ns5:Non-currentFinancialInstruments2023-01-3111796522ns5:ShareCapital2023-12-3111796522ns5:ShareCapital2023-01-3111796522ns5:FurtherSpecificReserve1ComponentTotalEquity2023-12-3111796522ns5:FurtherSpecificReserve1ComponentTotalEquity2023-01-3111796522ns5:RetainedEarningsAccumulatedLosses2023-12-3111796522ns5:RetainedEarningsAccumulatedLosses2023-01-3111796522ns5:FurnitureFittings2023-02-012023-12-3111796522ns5:FurnitureFittings2023-01-3111796522ns5:FurnitureFittings2023-12-3111796522ns5:FurnitureFittings2023-01-3111796522ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-12-3111796522ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-01-31
















PAUL JAMES REALTY LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1ST FEBRUARY 2023 TO 31ST DECEMBER 2023






PAUL JAMES REALTY LTD (REGISTERED NUMBER: 11796522)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1ST FEBRUARY 2023 TO 31ST DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Accountants' Report 7

PAUL JAMES REALTY LTD

COMPANY INFORMATION
FOR THE PERIOD 1ST FEBRUARY 2023 TO 31ST DECEMBER 2023







DIRECTOR: P J Sinfield





REGISTERED OFFICE: First Floor, Woburn Court
2 Railton Road
Woburn Road Industrial Estate
Kempston
Bedfordshire
MK42 7PN





REGISTERED NUMBER: 11796522 (England and Wales)





ACCOUNTANTS: HW Bedford Limited
Trading as Haines Watts
First Floor, Woburn Court
2 Railton Road
Woburn Rd Ind Est
Kempston
Bedfordshire
MK42 7PN

PAUL JAMES REALTY LTD (REGISTERED NUMBER: 11796522)

BALANCE SHEET
31ST DECEMBER 2023

31/12/23 31/1/23
as restated
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,583 4,206
Investment property 5 345,000 290,000
348,583 294,206

CURRENT ASSETS
Debtors 6 17 1,181
Cash at bank 1,782 25,788
1,799 26,969
CREDITORS
Amounts falling due within one year 7 68,072 83,696
NET CURRENT LIABILITIES (66,273 ) (56,727 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

282,310

237,479

CREDITORS
Amounts falling due after more than one year 8 (197,446 ) (197,480 )

PROVISIONS FOR LIABILITIES (18,950 ) (5,613 )
NET ASSETS 65,914 34,386

CAPITAL AND RESERVES
Called up share capital 1 1
Non-distributable reserves 65,442 23,779
Retained earnings 471 10,606
65,914 34,386

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31st December 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31st December 2023 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.

PAUL JAMES REALTY LTD (REGISTERED NUMBER: 11796522)

BALANCE SHEET - continued
31ST DECEMBER 2023


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 30th January 2025 and were signed by:





P J Sinfield - Director


PAUL JAMES REALTY LTD (REGISTERED NUMBER: 11796522)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1ST FEBRUARY 2023 TO 31ST DECEMBER 2023

1. STATUTORY INFORMATION

Paul James Realty Ltd 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.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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

Investment property
Investment properties for which fair value can be measured reliably are measured at fair value at each reporting date with changes in fair value recognised in profit or loss. No formal valuation has taken place during the year by a professional independent valuer. The current fair value is based on a recognised valuation model.

Taxation
Taxation for the period 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 period 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 period was 1 (2023 - 1 ) .

PAUL JAMES REALTY LTD (REGISTERED NUMBER: 11796522)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1ST FEBRUARY 2023 TO 31ST DECEMBER 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1st February 2023 7,977
Additions 340
At 31st December 2023 8,317
DEPRECIATION
At 1st February 2023 3,771
Charge for period 963
At 31st December 2023 4,734
NET BOOK VALUE
At 31st December 2023 3,583
At 31st January 2023 4,206

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st February 2023 290,000
Revaluations 55,000
At 31st December 2023 345,000
NET BOOK VALUE
At 31st December 2023 345,000
At 31st January 2023 290,000

Fair value at 31st December 2023 is represented by:
£   
Valuation in 2023 29,392
Valuation in 2023 55,000
Cost 260,608
345,000

If investment properties had not been revalued they would have been included at the following historical cost:

31/12/23 31/1/23
as restated
£    £   
Cost 260,608 260,608

Investment properties were valued on an open market basis on 31st December 2023 by the director .

PAUL JAMES REALTY LTD (REGISTERED NUMBER: 11796522)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1ST FEBRUARY 2023 TO 31ST DECEMBER 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/1/23
as restated
£    £   
Prepayments and accrued income 17 1,181

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/1/23
as restated
£    £   
Corporation tax 2,675 51
Other creditors 200 200
Directors' current accounts 62,319 80,566
Accruals and deferred income 2,878 2,879
68,072 83,696

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/12/23 31/1/23
as restated
£    £   
Mortgage - more than 1 year 197,446 197,480

ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
PAUL JAMES REALTY LTD

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Paul James Realty Ltd for the period ended 31st December 2023 which comprise the Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Paul James Realty Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Paul James Realty Ltd and state those matters that we have agreed to state to the director of Paul James Realty Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Paul James Realty Ltd and its director for our work or for this report.

It is your duty to ensure that Paul James Realty Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Paul James Realty Ltd. You consider that Paul James Realty Ltd is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Paul James Realty Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






HW Bedford Limited
Trading as Haines Watts
First Floor, Woburn Court
2 Railton Road
Woburn Rd Ind Est
Kempston
Bedfordshire
MK42 7PN


30th January 2025