Registered number
02154550
PBJ Management Limited
Filleted Accounts
30 September 2024
PBJ Management Limited
Registered number: 02154550
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 370,566 375,611
Investments 4 154 25,154
370,720 400,765
Current assets
Debtors 5 280,647 243,168
Cash at bank and in hand 2,536,909 3,331,308
2,817,556 3,574,476
Creditors: amounts falling due within one year 6 (1,811,320) (2,283,604)
Net current assets 1,006,236 1,290,872
Total assets less current liabilities 1,376,956 1,691,637
Provisions for liabilities (84,926) (88,005)
Net assets 1,292,030 1,603,632
Capital and reserves
Called up share capital 1,053 1,053
Share premium 34,937 34,937
Profit and loss account 1,256,040 1,567,642
Shareholders' funds 1,292,030 1,603,632
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.
Peter Bennett-Jones
Director
Approved by the board on 26 June 2025
PBJ Management Limited
Notes to the Accounts
for the year ended 30 September 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).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Leasehold land and buildings over the lease term
Plant and machinery 20%-25% straight line
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
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.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 24 23
3 Tangible fixed assets
Plant and machinery etc Leasehold Improvements Total
£ £ £
Cost
At 1 October 2023 339,095 376,655 715,750
Additions 52,619 - 52,619
Disposals (106,328) - (106,328)
At 30 September 2024 285,386 376,655 662,041
Depreciation
At 1 October 2023 298,289 41,850 340,139
Charge for the year 15,814 41,850 57,664
On disposals (106,328) - (106,328)
At 30 September 2024 207,775 83,700 291,475
Net book value
At 30 September 2024 77,611 292,955 370,566
At 30 September 2023 40,806 334,805 375,611
4 Investments
Investments in
subsidiary
undertakings
£
Cost
At 1 October 2023 and at 30 September 2024 25,154
Disposals (25,000)
At 30 September 2024 154
5 Debtors 2024 2023
£ £
Trade debtors 110,653 18,156
Amounts owed by group undertakings and undertakings in which the company has a participating interest 32,009 24,526
Other debtors 137,985 200,486
280,647 243,168
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 43,022 29,097
Amounts owed to group undertakings and undertakings in which the company has a participating interest - 8,099
Corporation tax 148,050 99,532
Taxation and social security costs 143,410 96,497
Other creditors 1,476,838 2,050,379
1,811,320 2,283,604
7 Related party transactions
During the year, the company charged Kaye BJ Management Ltd, a company in which it has a participating interest, £168,689 (2023:£137,174) for the services of its staff, premises and other services. Kaye BJ Management Ltd charged the company £15,639 (2023:£32,427) for the services of its staff and overheads. All transactions were concluded under normal market conditions.

During the year the directors received dividends from the company of £708,770 (2023:£500,000).
8 Other information
PBJ Management Limited is a private company limited by shares and incorporated in England. Its registered office is:
22 Rathbone Street
London
W1T 1LG
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