PJO Commercial Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 10557091

PJO Commercial Limited

Filleted Unaudited Financial Statements

31 January 2025

PJO Commercial Limited

Statement of Financial Position

31 January 2025

	2025	2024
Note	£	£

Fixed assets

Tangible assets	5	1,415,617	40,590

Current assets

Stocks		11,233	11,233
Debtors	6	198,161	250
Cash at bank and in hand		15,605	18,346
		---------	--------
		224,999	29,829

Creditors: amounts falling due within one year	7	1,673,220	21,432
		------------	--------
Net current (liabilities)/assets		( 1,448,221)	8,397
		------------	--------
Total assets less current liabilities		( 32,604)	48,987
		--------	--------
Net (liabilities)/assets		( 32,604)	48,987
		--------	--------

Capital and reserves

Called up share capital	2	2
Profit and loss account	( 32,606)	48,985
	--------	--------
Shareholders (deficit)/funds	( 32,604)	48,987
	--------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

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

PJO Commercial Limited

Statement of Financial Position (continued)

31 January 2025

These financial statements were approved by the board of directors and authorised for issue on 30 October 2025 , and are signed on behalf of the board by:

Mr P J O'Sullivan

Director

Company registration number: 10557091

PJO Commercial Limited

Notes to the Financial Statements

Year ended 31 January 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Boot Hill, Callywhite Lane, Dronfield, S18 2XR, Derbyshire.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover comprises property rentals and associated services rendered, net of discounts and value added tax. Revenue in respect of the provision of rentals and services is recognised in accordance with the period to which the service relates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Investment property

Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2024: 2 ).

5. Tangible assets

	Freehold property	Long leasehold property	Total
	£	£	£
Cost
At 1 February 2024	–	40,590	40,590
Additions	614,769	760,258	1,375,027
	---------	---------	------------
At 31 January 2025	614,769	800,848	1,415,617
	---------	---------	------------
Depreciation
At 1 February 2024 and 31 January 2025	–	–	–
	---------	---------	------------
Carrying amount
At 31 January 2025	614,769	800,848	1,415,617
	---------	---------	------------
At 31 January 2024	–	40,590	40,590
	---------	---------	------------

Included within the above is investment property as follows:

	£
At 1 February 2024	40,590
Additions	1,375,027
	------------
At 31 January 2025	1,415,617
	------------

The directors consider that the market value of investment properties at 31 January 2025 is not significantly different from original cost and a formal revaluation is not appropriate at this time.

6. Debtors

	2025	2024
	£	£
Other debtors	198,161	250
	---------	----

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	–	1,513
Accruals and deferred income	3,750	450
Director loan accounts	18,874	18,874
Other creditors	1,650,596	595
	------------	--------
	1,673,220	21,432
	------------	--------