Registered number
14285439
Pardoe Jones Property Ltd
Filleted Accounts
31 August 2024
Pardoe Jones Property Ltd
Registered number: 14285439
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 326,356 274,422
Current assets
Debtors 4 435 626
Cash at bank and in hand 5,104 17,175
5,539 17,801
Creditors: amounts falling due within one year 5 (212,658) (162,478)
Net current liabilities (207,119) (144,677)
Total assets less current liabilities 119,237 129,745
Creditors: amounts falling due after more than one year 6 (131,360) (131,360)
Net liabilities (12,123) (1,615)
Capital and reserves
Called up share capital 2 2
Profit and loss account (12,125) (1,617)
Shareholders' funds (12,123) (1,615)
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.
I B Jones
Director
Approved by the board on 15 November 2024
Pardoe Jones Property Ltd
Notes to the Accounts
for the year ended 31 August 2024
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).
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:
Freehold buildings over 50 years
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 September 2023 274,422
Additions 51,934
At 31 August 2024 326,356
Depreciation
At 31 August 2024 -
Net book value
At 31 August 2024 326,356
At 31 August 2023 274,422
4 Debtors 2024 2023
£ £
Other debtors 435 626
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 660 480
Other creditors 211,998 161,998
212,658 162,478
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 131,360 131,360
7 Loans 2024 2023
£ £
Creditors include:
Amounts payable otherwise than by instalment falling due for payment after more than five years 131,360 131,360
Secured bank loans 131,360 131,360
The loan is secured on the property at 166 Dudley Road East, Oldbury
8 Other information
Pardoe Jones Property Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Old Pastures
Worlds End
Grimley
Worcester
WR2 6NN
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