REGISTERED NUMBER: 04860316 (England and Wales)

Financial Statements for the Year Ended 31 December 2025

for

P & J Properties (Yorkshire) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

P H Emsley

J M Emsley

SECRETARY:

P H Emsley

REGISTERED OFFICE:

Claro Park

Claro Road

Harrogate

HG1 4BB

REGISTERED NUMBER:

04860316 (England and Wales)

AUDITORS:

S&W Audit

Statutory Auditor

Chartered Accountants

3rd Floor

56 Wellington Street

Leeds

West Yorkshire

LS1 2EE

BANKERS:

National Westminster Bank PLC

3 Cambridge Crescent

Harrogate

North Yorkshire

HG1 1PJ

FIXED ASSETS

Investment property

5

4,437,000

4,437,000

CURRENT ASSETS

Debtors

6

886,206

700,161

Cash at bank

2,026,916

1,888,714

2,913,122

2,588,875

CREDITORS

Amounts falling due within one year

7

(319,030

)

(291,274

)

NET CURRENT ASSETS

2,594,092

2,297,601

TOTAL ASSETS LESS CURRENT LIABILITIES

7,031,092

6,734,601

CAPITAL AND RESERVES

Called up share capital

8

100,200

100,200

Share premium

1,399,900

1,399,900

Retained earnings

5,530,992

5,234,501

SHAREHOLDERS' FUNDS

7,031,092

6,734,601

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 September 2026 and were signed on its behalf by:

J M Emsley - Director

P H Emsley - Director

1.	STATUTORY INFORMATION

P & J Properties (Yorkshire) 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention except for investment properties, which are carried at fair value as determined annually by the directors.

Going concern

The financial statements have been prepared on a going concern basis. The Directors have reviewed and considered relevant information in making their assessment. Based on these assessments, given the measures that could be undertaken to mitigate the current conditions, and the current resources available, the Directors have concluded that they can continue to adopt the going concern basis in preparing the annual report and accounts.

An important factor in making this assessment is the strength of the company's financial position and performance, with continued profitability, significant cash reserves of £2m, no external bank debt, and a healthy net current assets position. This ensures the company has the ability to react and be resilient, even in the event of a downturn in trading due to competitive or other forces.

Turnover

Rental income

Turnover comprises rental income from investment properties and is recognised on a straight-line basis over the period of the lease. Turnover is measured at the fair value of the consideration receivable, excluding value added tax.

Interest income

Interest income is recognised in the statement of comprehensive income in the period in which it is receivable.

Investment property

Investment property is carried at fair value determined annually by the directors. No depreciation is provided. Change in fair value are recognised in the statement of comprehensive income.

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in the case of an out-right short-term loan not at market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

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.

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 at a constant rate on the carrying amount.

Debtors

Short term debtors are measured at transaction price, less any impairment.

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty 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.

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the obligation.

Provisions are charged as expense to the profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision in the balance sheet.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2025

and 31 December 2025

4,437,000

NET BOOK VALUE

At 31 December 2025

4,437,000

At 31 December 2024

4,437,000

The investment properties are held at fair value as determined by the directors annually. The director's assessment is informed by a valuation provided by an external valuer in 2024. The directors consider there have been no material changes to this valuation since this point.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

20,400

24,905

Other debtors

863,089

660,726

Prepayments and accrued income

2,717

14,530

886,206

700,161

Other debtors includes £863,088 (2024 £660,726) due from Emsley Crane Hire ltd an associated company, see note 11. These amounts are unsecured, interest free and have no fixed repayment date.

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

2,971

2,179

Tax

98,734

103,377

VAT

199,077

162,470

Other creditors

3,257

3,257

Accruals and deferred income

14,991

19,991

319,030

291,274

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100,200

Ordinary

£1

100,200

100,200

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The auditor's report on the financial statements prepared for the members was unqualified and there were no matters to which the auditor drew attention by way of emphasis. The auditor's report was signed by Christopher Vaulks as senior statutory auditor on behalf of S&W Audit.

The audit report was signed on 21 September 2026.

10.	RELATED PARTY DISCLOSURES

During the year, rent totalling £200,000 (2024: £200,000) was charged to a company under common control, Emsley Crane Hire Limited and included in other debtors at the year end is £863,088 (2024: £660,726) due from this company.

11.	ULTIMATE CONTROLLING PARTY

In the opinion of the directors there is no ultimate controlling party