Johnsons (Park Royal) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 01416504 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

FOR

JOHNSONS (PARK ROYAL) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J H Johnson

Mrs L Johnson

P J Johnson

Mrs C M Johnson

Paul J Johnson

SECRETARY:

P J Johnson

REGISTERED OFFICE:

Sterling House

27 Hatchlands Road

Redhill

Surrey

RH1 6RW

REGISTERED NUMBER:

01416504 (England and Wales)

ACCOUNTANTS:

GBJ Financial Limited

Sterling House

27 Hatchlands Road

Redhill

Surrey

RH1 6RW

FIXED ASSETS

Tangible assets

4

22,093

42,383

Investments

5

1,071,085

2,369,591

Investment property

6

11,775,000

10,410,000

12,868,178

12,821,974

CURRENT ASSETS

Debtors

7

19,078

11,035

Cash at bank

449,664

409,259

468,742

420,294

CREDITORS

Amounts falling due within one year

8

352,274

796,506

NET CURRENT ASSETS/(LIABILITIES)

116,468

(376,212

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

12,984,646

12,445,762

CREDITORS

Amounts falling due after more than one
year

9

(23,965

)

(31,834

)

PROVISIONS FOR LIABILITIES

(734,069

)

(653,660

)

NET ASSETS

12,226,612

11,760,268

CAPITAL AND RESERVES

Called up share capital

10

5,000

Fair value reserve

11

4,489,764

4,248,538

Retained earnings

11

7,731,848

7,506,730

SHAREHOLDERS' FUNDS

12,226,612

11,760,268

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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 25 August 2026 and were signed on its behalf by:

J H Johnson - Director

P J Johnson - Director

1.	STATUTORY INFORMATION

Johnsons (Park Royal) 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 rental income net of VAT and trade discounts.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided at rates calculated to write off the cost or valuation less estimated residual value of each asset over its expected useful life, as follows.

Fixtures , fittings & equipment 10% - 33% Straight line

Motor vehicles 25% Straight line

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at 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.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Investments

Fixed asset investments are measured at fair value. Changes in fair value are recognised in profit or loss.

Revenue recognition

Rental income represents rents due for the period, calculated on an accruals basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2025 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2025

and 31 March 2026

109,171

DEPRECIATION

At 1 April 2025

66,788

Charge for year

20,290

At 31 March 2026

87,078

NET BOOK VALUE

At 31 March 2026

22,093

At 31 March 2025

42,383

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 April 2025

and 31 March 2026

69,320

DEPRECIATION

At 1 April 2025

34,660

Charge for year

17,330

At 31 March 2026

51,990

NET BOOK VALUE

At 31 March 2026

17,330

At 31 March 2025

34,660

5.	FIXED ASSET INVESTMENTS

Shares in

group

Other

undertakings

investments

Totals

£

COST

At 1 April 2025

2

2,369,589

2,369,591

Additions

-

4,675,182

Disposals

(2

)

(5,917,965

)

(5,917,967

)

Impairments

-

(55,721

)

(55,721

)

At 31 March 2026

-

1,071,085

NET BOOK VALUE

At 31 March 2026

-

1,071,085

At 31 March 2025

2

2,369,589

2,369,591

The historical cost of the listed investments is £1,082,032 (2025: £2,324,815).

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2025

10,410,000

Additions

1,043,365

Revaluations

321,635

At 31 March 2026

11,775,000

NET BOOK VALUE

At 31 March 2026

11,775,000

At 31 March 2025

10,410,000

Investment properties comprise directors' valuation of £11,775,000 (2025: £10,410,000). No depreciation is provided in respect of these properties.

The historical cost of the investment properties is £6,551,167 (2025: £5,507,802).

A provision has been made for deferred tax on gains on revaluing the properties to their fair value. The total amount provided is £734,069.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Other debtors

19,078

11,035

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Hire purchase contracts

7,870

Taxation and social security

168,922

116,941

Other creditors

175,482

671,695

352,274

796,506

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2026

2025

£

Hire purchase contracts

23,965

31,834

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

5,000

Ordinary

£1

5,000

11.

RESERVES

Retained

Fair value

earnings

reserve

Totals

£

At 1 April 2025

7,506,730

4,248,538

11,755,268

Profit for the year

364,709

-

364,709

Dividends

(220,000

)

-

(220,000

)

Deferred tax on revaluation

80,409

(80,409

)

-

Revaluation in year

-

321,635

At 31 March 2026

7,731,848

4,489,764

12,221,612