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Registered number: 14189145 PJL INVESTMENTS LIMITED UNAUDITED FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE YEAR ENDED 30 JUNE 2025
PJL INVESTMENTS LIMITED REGISTERED NUMBER: 14189145 STATEMENT OF FINANCIAL POSITION AS AT 30 JUNE 2025
|  | 2025 |  | 2024
Note | € | € | € | €
Fixed assets |  |  |  |  |
Investments | 4 |  | 1,123,908 |  | 1,123,908
|  |  | 1,123,908 |  | 1,123,908
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 5 | 1,492,363 |  | 1,544,727 |
Cash at bank and in hand | 6 | 86 |  | 86 |
|  | 1,492,449 |  | 1,544,813 |
Creditors: amounts falling due within one year | 7 | (321,252) |  | (232,549) |
Net current assets |  |  | 1,171,197 |  | 1,312,264
Total assets less current liabilities |  |  | 2,295,105 |  | 2,436,172
Creditors: amounts falling due after more than one year | 8 |  | (2,622,072) |  | (2,668,635)
Net liabilities |  |  | (326,967) |  | (232,463)
Capital and reserves |  |  |  |  |
Called up share capital | 9 |  | 86 |  | 86
Profit and loss account |  |  | (327,053) |  | (232,549)
|  |  | (326,967) |  | (232,463)
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PJL INVESTMENTS LIMITED REGISTERED NUMBER: 14189145 STATEMENT OF FINANCIAL POSITION (CONTINUED) AS AT 30 JUNE 2025 The director considers 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 director acknowledges his 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 statement of comprehensive income 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 19 February 2026.
M P Stillman
Director
The notes on pages 3 to 6 form part of these financial statements. Page 2
PJL INVESTMENTS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
1. | General information
PJL Investments Limited is a company limited by shares, incorporated in England and Wales. The address of the registered office is 3 Brook Business Centre, Cowley Mill Road, Uxbridge, United Kingdom, UB8 2FX. The company is an investment company. 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 financial statements are prepared on a going concern basis, despite the Statement of financial position showing net liabilities of €326,967 (2024 - €232,463) which includes an amount due to an associate of the company of €2,622,072 (2024 - €2,668,635) which is due for repayment in 2027. The director notes that the company has sufficient finance available to continue trading for a period of not less than 12 months from the date of approval of these financial statements. As such, the director believes that there are no significant uncertainties in his assessment of whether the business is a going concern and therefore has prepared the accounts on a going concern basis.
| 2.3 | Foreign currency translation
Functional and presentation currency The Company's functional and presentational currency is Euros. Transactions and balances Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions. At each year end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined. Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of comprehensive income within 'finance income or costs'. All other foreign exchange gains and losses are presented in the Statement of comprehensive income within 'other operating income'. Page 3
PJL INVESTMENTS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 2.Accounting policies (continued)
| 2.4 | Finance costs
Finance costs are charged to the Statement of comprehensive income over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
| 2.5 | Debtors
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
| 2.6 | 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.
| 2.7 | 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.
3. | Employees
The average monthly number of employees, including directors, during the year was 1 (2024 - 1).
4. | Fixed asset investments
|  | Investments in associates
|  | €
| Cost |
| At 1 July 2024 | 1,123,908
| At 30 June 2025 | 1,123,908
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PJL INVESTMENTS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
5. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | € | €
| Other debtors | 1,492,363 | 1,544,727
|  | 1,492,363 | 1,544,727
6. | Cash and cash equivalents
|  |  |  |  | 2025 | 2024
|  |  |  |  | € | €
| Cash at bank and in hand | 86 | 86
|  | 86 | 86
7. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | € | €
| Accruals and deferred income | 321,252 | 232,549
|  | 321,252 | 232,549
8. | Creditors: Amounts falling due after more than one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | € | €
| Other creditors | 2,622,072 | 2,668,635
|  | 2,622,072 | 2,668,635
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PJL INVESTMENTS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
9. | Share capital
|  |  |  |  | 2025 | 2024
|  |  |  |  | € | €
|  | Allotted, called up and fully paid |  |
|  | 100 Ordinary shares of €0.86 each | 86 | 86
10. | Related party transactions
| Included within other creditors due after more than a year is an amount of €2,622,072 (2024 - €2,668,635) due to an associate of the company. The loan is repayable in May 2027, and accrued interest at 4% in 2025 (2024 - 5%). During the year, interest of €90,453 (2024 - €218,730) was accrued. Included within other debtors is an amount of €1,492,363 (2024 - €1,544,727) due from an associate of the company. The loan is repayable on demand, and is interest-free.
11. | Controlling party
The ultimate controlling party is M P Stillman, a director, by virtue of his 100% shareholding in the company.
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