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REGISTERED NUMBER: 11700159 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2024

for

P and J Futures Limited

P and J Futures Limited (Registered number: 11700159)






Contents of the Financial Statements
for the Year Ended 30 November 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


P and J Futures Limited

Company Information
for the Year Ended 30 November 2024







DIRECTORS: Mr S J Lownds
Mrs H M Lownds





REGISTERED OFFICE: Abacus House
Pennine Business Park
Longbow Close
Huddersfield
West Yorkshire
HD2 1GQ





REGISTERED NUMBER: 11700159 (England and Wales)





ACCOUNTANTS: Crowther Chartered Accountants
Abacus House
Pennine Business Park
Longbow Close
Huddersfield
West Yorkshire
HD2 1GQ

P and J Futures Limited (Registered number: 11700159)

Balance Sheet
30 November 2024

30.11.24 30.11.23
Notes £ £ £
FIXED ASSETS
Tangible assets 4 310 387
Investment property 5 340,647 340,647
340,957 341,034

CURRENT ASSETS
Debtors 6 1,232 1,119
Cash at bank 756 5,700
1,988 6,819
CREDITORS
Amounts falling due within one year 7 275,728 248,752
NET CURRENT LIABILITIES (273,740 ) (241,933 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

67,217

99,101

CREDITORS
Amounts falling due after more than one
year

8

71,083

102,612
NET LIABILITIES (3,866 ) (3,511 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (3,966 ) (3,611 )
SHAREHOLDERS' FUNDS (3,866 ) (3,511 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 and J Futures Limited (Registered number: 11700159)

Balance Sheet - continued
30 November 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 April 2025 and were signed on its behalf by:





Mrs H M Lownds - Director


P and J Futures Limited (Registered number: 11700159)

Notes to the Financial Statements
for the Year Ended 30 November 2024

1. STATUTORY INFORMATION

P and J Futures 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.

Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their estimated useful lives on the following bases:

Fixtures and fittings- 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 NIL (2023 - NIL).

P and J Futures Limited (Registered number: 11700159)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£
COST
At 1 December 2023
and 30 November 2024 983
DEPRECIATION
At 1 December 2023 596
Charge for year 77
At 30 November 2024 673
NET BOOK VALUE
At 30 November 2024 310
At 30 November 2023 387

5. INVESTMENT PROPERTY
Total
£
FAIR VALUE
At 1 December 2023
and 30 November 2024 340,647
NET BOOK VALUE
At 30 November 2024 340,647
At 30 November 2023 340,647

The directors have assessed the fair value of investment property. The valuation has been made on an open market basis by reference to similar properties. The original cost of all investment properties was £340,647 (2023 - £340,647). The directors are satisfied with the valuation of investment property.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£ £
Deferred tax asset 899 815
Prepayments 333 304
1,232 1,119

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£ £
Bank loans and overdrafts (see note 9) 4,588 6,243
Amounts owed to associates 46,013 46,013
Directors' loan accounts 224,028 195,448
Accruals and deferred income 1,099 1,048
275,728 248,752

P and J Futures Limited (Registered number: 11700159)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.24 30.11.23
£ £
Bank loans (see note 9) 71,083 102,612

Amounts falling due in more than five years:

Repayable by instalments
Bank loans - Over 5 years 57,318 74,999

9. LOANS

An analysis of the maturity of loans is given below:

30.11.24 30.11.23
£ £
Amounts falling due within one year or on demand:
Bank loans 4,588 6,243

Amounts falling due between two and five years:
Bank loans - 2-5 years 13,765 27,613

Amounts falling due in more than five years:

Repayable by instalments
Bank loans - Over 5 years 57,318 74,999

10. SECURED DEBTS

The following secured debts are included within creditors:

30.11.24 30.11.23
£ £
Bank loans 75,671 108,855

Bank loans totalling £108,855 (2022 - £142,038) are secured by a fixed charge over the company's investment property.

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included in creditors: amounts falling due within one year is a loan from the directors of £224,028 (2023 - £195,448). The loan is interest free with no fixed date for repayment.

12. RELATED PARTY DISCLOSURES

At the balance sheet date, the company owed £46,013 (2023 - £46,013) to S.I.S. Executive Limited. The directors of P and J Futures Limited are also directors of S.I.S. Executive Limited.

13. ULTIMATE CONTROLLING PARTY

The controlling party is Mrs H M Lownds.