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Registered number: 13104503









PJSH PROPERTY LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2024

 
PJSH PROPERTY LTD
 
 
COMPANY INFORMATION


Directors
P J Hopgood 
S Hopgood 




Registered number
13104503



Registered office
7 The Close

Norwich

Norfolk

NR1 4DJ




Accountants
MA Partners LLP
Chartered Accountants

7 The Close

Norwich

Norfolk

NR1 4DJ





 
PJSH PROPERTY LTD
 

CONTENTS



Page
Accountants' report
 
 
1
Balance sheet
 
 
2 - 3
Notes to the financial statements
 
 
4 - 7

 
PJSH PROPERTY LTD
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF PJSH PROPERTY LTD
FOR THE YEAR ENDED 31 DECEMBER 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of PJSH Property Ltd for the year ended 31 December 2024 which comprise  the Balance sheet 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 at https://www.icaew.com /regulation.

This report is made solely to the Board of directors of PJSH Property Ltd, as a body, in accordance with the terms of our engagement letter dated 31 May 2024Our work has been undertaken solely to prepare for your approval the financial statements of PJSH Property Ltd and state those matters that we have agreed to state to the Board of directors of PJSH Property Ltd, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than PJSH Property Ltd and its Board of directors, as a body, for our work or for this report. 

It is your duty to ensure that PJSH Property 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 PJSH Property Ltd. You consider that PJSH Property Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of PJSH Property 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.

  





MA Partners LLP
 
Chartered Accountants
  
7 The Close
Norwich
Norfolk
NR1 4DJ

25 April 2025
Page 1

 
PJSH PROPERTY LTD
REGISTERED NUMBER: 13104503

BALANCE SHEET
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Investment property
 4 
611,650
463,931

  
611,650
463,931

Current assets
  

Cash at bank and in hand
  
17,715
33,323

  
17,715
33,323

Creditors: amounts falling due within one year
 5 
(757,383)
(680,921)

Net current liabilities
  
 
 
(739,668)
 
 
(647,598)

Total assets less current liabilities
  
(128,018)
(183,667)

Provisions for liabilities
  

Deferred tax
 6 
-
(2,390)

  
 
 
-
 
 
(2,390)

Net liabilities
  
(128,018)
(186,057)


Capital and reserves
  

Called up share capital 
 7 
100
100

Investment property revaluation reserve
 8 
(83,666)
(186,743)

Profit and loss account
 8 
(44,452)
586

  
(128,018)
(186,057)

Page 2

 
PJSH PROPERTY LTD
REGISTERED NUMBER: 13104503
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 25 April 2025.






P J Hopgood
Director

The notes on pages 4 to 7 form part of these financial statements.
Page 3

 
PJSH PROPERTY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

PJSH Properties Limited is a private company, limited by shares, incorporated and domiciled in England and Wales. The registered office is 7 The Close, Norwich, Norfolk, NR1 4DJ.
The Company's principal activity is that of property letting and the Company's principal places of activity are Norwich and Felixstowe.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The directors have considered a period of twelve months from the date of approval of the finanical statements. This basis is considered appropriate as the directors have confirmed that they will continue to supoort the Company and they consider that projected income will be more than adequate for the Company's needs. 

 
2.3

Revenue

Turnover is measured at the fair value of the consideration received or receivable. Rent revenue is recognised on an accruals basis.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 
Deferred tax balances are recognised in respect of timing differences that have originated but not reversed by the balance sheet date. 
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income. 

 
2.6

Investment property

Investment property is carried at fair value determined annually by the directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

Page 4

 
PJSH PROPERTY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.9

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors.
Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).


4.


Investment property


Freehold investment property

£



Valuation


At 1 January 2024
463,931


Additions at cost
49,421


Surplus on revaluation
98,298



At 31 December 2024
611,650

The 2024 valuations were made by the director, P J Hopgood, on an open market value for existing use basis.




Page 5

 
PJSH PROPERTY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

5.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
-
12,293

Corporation tax
-
244

Other creditors
755,175
666,398

Accruals and deferred income
2,208
1,986

757,383
680,921



6.


Deferred taxation




2024


£






At beginning of year
(2,390)


Charged to profit or loss
2,390



At end of year
-

The deferred taxation balance is made up as follows:

2024
2023
£
£


Revaluation on investment properties
-
(2,390)

-
(2,390)


7.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



26 A Ordinary shares of £1.00 each
26
26
26 B Ordinary shares of £1.00 each
26
26
16 C Ordinary shares of £1.00 each
16
16
16 D Ordinary shares of £1.00 each
16
16
16 E Ordinary shares of £1.00 each
16
16

100

100


Page 6

 
PJSH PROPERTY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

8.


Reserves

Investment property revaluation reserve

The investment property revaluation reserve represents the cumulative value of revaluations of the Company's investment property portfolio to fair value.  The amounts debited or credited to the reserve are transfers from the profit and loss account.  

Profit and loss account

The profit and loss account includes all current and prior period retained profits and losses. 


9.


Related party transactions

As at 31 December 2024, the Company owed the directors £90,177 (2023: £101,398).

 
Page 7