REGISTERED NUMBER: 02992015 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

PJCS PROPERTY SERVICES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J S L Brown

Mrs J Brown

SECRETARY:

J S L Brown

REGISTERED OFFICE:

The Cottage

Old Mayfield School

David Lane

SHEFFIELD

S10 4PH

REGISTERED NUMBER:

02992015 (England and Wales)

ACCOUNTANTS:

Hollis and Co Limited

Chartered Accountants

35 Wilkinson Street

Sheffield

South Yorkshire

S10 2GB

FIXED ASSETS

Tangible assets

4

882

1,835

Investment property

5

1,075,000

1,075,000

1,075,882

1,076,835

CURRENT ASSETS

Debtors

6

3,977

111,850

Cash at bank

16,821

7,059

20,798

118,909

CREDITORS

Amounts falling due within one year

7

59,270

55,047

NET CURRENT (LIABILITIES)/ASSETS

(38,472

)

63,862

TOTAL ASSETS LESS CURRENT LIABILITIES

1,037,410

1,140,697

CREDITORS

Amounts falling due after more than one year

8

(245,803

)

(271,981

)

PROVISIONS FOR LIABILITIES

(100,162

)

(100,162

)

NET ASSETS

691,445

768,554

CAPITAL AND RESERVES

Called up share capital

480

480

Revaluation reserve

10

312,019

312,019

Retained earnings

378,946

456,055

SHAREHOLDERS' FUNDS

691,445

768,554

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

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 19 November 2025 and were signed on its behalf by:

J S L Brown - Director

1.	STATUTORY INFORMATION

PJCS Property Services 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 as modified by the revaluation of certain assets.

Turnover

Turnover represents net invoiced sales of office rent and services and apartment rent and services.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

15% on cost

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

16,908

Additions

962

Disposals

(12,509

)

At 31 March 2025

5,361

DEPRECIATION

At 1 April 2024

15,073

Charge for year

1,546

Eliminated on disposal

(12,140

)

At 31 March 2025

4,479

NET BOOK VALUE

At 31 March 2025

882

At 31 March 2024

1,835

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

1,075,000

NET BOOK VALUE

At 31 March 2025

1,075,000

At 31 March 2024

1,075,000

Fair value at 31 March 2025 is represented by:

£

Valuation in 2023

1,075,000

If the investment property had not been revalued it would have been included at the following historical cost:

2025

2024

£

£

Cost

508,857

508,857

The investment property was valued on an open market basis on 31 March 2023 by the directors .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

1,000

436

Amounts owed by group undertakings

-

73,913

Other debtors

2,977

37,501

3,977

111,850

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

30,793

29,951

Trade creditors

6,537

16,419

Taxation and social security

-

4,279

Other creditors

21,940

4,398

59,270

55,047

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

245,803

271,981

2025

2024

£

£

Amounts falling due in more than five years:

Repayable by instalments

Bank loan (611128)

110,091

135,747

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

276,596

301,932

Legal charges and debentures have been given by the company

- to Lloyds TSB over all property and assets of the company

10.

RESERVES

Revaluation

reserve

£

At 1 April 2024

and 31 March 2025

312,019

Under FRS102 1A the revaluation of investment properties (and related deferred tax liability) is included in retained earnings. As these gains are unrealised and not distributable, the company has chosen to show these as a separate reserve for clarity.

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

2025

2024

£

£

J S L Brown

Balance outstanding at start of year

31,600

16,600

Amounts advanced

-

43,100

Amounts repaid

(31,600

)

(28,100

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

31,600

12.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is SJEB Holdings Limited.