REGISTERED NUMBER: 03889448 (England and Wales)

ABRIDGED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

FOR

P.J.R. PROPERTY LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

P J Richards

REGISTERED OFFICE:

1 Low Farm Cottages

Bradley Road

Grimsby

South Humberside

DN37 0AL

REGISTERED NUMBER:

03889448 (England and Wales)

ACCOUNTANTS:

K L King Accountants

Chartered Accountants

39 Kirkby Road

Hemsworth

Pontefract

West Yorkshire

WF9 4BA

FIXED ASSETS

Tangible assets

4

22,615

29,642

Investment property

5

511,875

420,000

534,490

449,642

CURRENT ASSETS

Debtors

2,705

2,494

Cash at bank

3,664

1,141

6,369

3,635

CREDITORS

Amounts falling due within one year

61,328

62,488

NET CURRENT LIABILITIES

(54,959

)

(58,853

)

TOTAL ASSETS LESS CURRENT LIABILITIES

479,531

390,789

CREDITORS

Amounts falling due after more than one year

(817

)

(3,500

)

PROVISIONS FOR LIABILITIES

6

(30,767

)

(13,705

)

NET ASSETS

447,947

373,584

CAPITAL AND RESERVES

Called up share capital

7

100

100

Retained earnings

8

447,847

373,484

SHAREHOLDERS' FUNDS

447,947

373,584

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 April 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 December 2025 and were signed by:

P J Richards - Director

1.	STATUTORY INFORMATION

P.J.R. Property 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 rents receivable. The company is not registered for VAT.

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

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on reducing balance and 20% on reducing balance

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.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 May 2024

56,714

Additions

1,227

Disposals

(1,379

)

At 30 April 2025

56,562

DEPRECIATION

At 1 May 2024

27,072

Charge for year

7,686

Eliminated on disposal

(811

)

At 30 April 2025

33,947

NET BOOK VALUE

At 30 April 2025

22,615

At 30 April 2024

29,642

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 May 2024

420,000

Revaluations

91,875

At 30 April 2025

511,875

NET BOOK VALUE

At 30 April 2025

511,875

At 30 April 2024

420,000

Fair value at 30 April 2025 is represented by:

£

Valuation in 2011

77,940

Valuation in 2015

45,000

Valuation in 2017

75,000

Valuation in 2025

91,875

Cost

222,060

511,875

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

30.4.25

30.4.24

£

£

Cost

222,060

222,060

Investment property was valued on an open market basis on 30 April 2025 by the director .

6.	PROVISIONS FOR LIABILITIES

30.4.25

30.4.24

£

£

Deferred tax

30,767

13,705

Deferred

tax

£

Balance at 1 May 2024

13,705

Charge to Income Statement during year

22

Tax on revalued properties

17,040

Balance at 30 April 2025

30,767

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.25

30.4.24

value:

£

£

100

Ordinary

£1

100

100

8.

RESERVES

Retained

earnings

£

At 1 May 2024

373,484

Profit for the year

74,654

Dividends

(291

)

At 30 April 2025

447,847

Retained earnings include an amount of £264,702 which is non distributable, representing the surplus on the revaluation of investment properties, less a provision for taxation which would arise if the properties were sold at their valuation.