Registration number: 15400084

PJLA Properties Ltd

Contents

Company Information	1
Statement of financial position	2
Notes to the Unaudited Financial Statements	3 to 7

PJLA Properties Ltd

Company Information

Directors

Mr Dave Priest Mrs Julie-Ann Priest

Registered office

82 Downham Road Watlington King's Lynn Norfolk PE33 0HT

Accountants

Hayhow & Co. Chartered Certified Accountants & Business AdvisersUnit 21 Horsley's Fields King's Lynn Norfolk PE30 5DD

PJLA Properties Ltd

(Registration number: 15400084)
Statement of financial position as at 31 January 2026

	Note	2026 £	2025 £
Fixed assets
Tangible assets	4	-	186,733
Investment property	5	452,348	-
		452,348	186,733
Current assets
Debtors	6	161	-
Cash at bank and in hand		26,954	-
		27,115	-
Creditors: Amounts falling due within one year	7	(320,187)	(193,058)
Net current liabilities		(293,072)	(193,058)
Total assets less current liabilities		159,276	(6,325)
Provisions for liabilities		(35,817)	-
Net assets/(liabilities)		123,459	(6,325)
Capital and reserves
Revaluation reserve		107,450	-
Retained earnings		16,009	(6,325)
Shareholders' funds/(deficit)		123,459	(6,325)

For the financial year ending 31 January 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Statement of comprehensive income.

Approved and authorised by the Board on 28 September 2026 and signed on its behalf by:
 

......................................... Mr Dave Priest Director

PJLA Properties Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
82 Downham Road
Watlington
King's Lynn
Norfolk
PE33 0HT

These financial statements were authorised for issue by the Board on 28 September 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

PJLA Properties Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2025 - 2).

PJLA Properties Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

4	Tangible assets

	Land and buildings £	Total £
Cost or valuation
Revaluations	186,733	186,733
Disposals	(186,733)	(186,733)
At 31 January 2026	-	-
Depreciation
Carrying amount
At 31 January 2026	-	-
At 31 January 2025	186,733	186,733

Included within the net book value of land and buildings above is £Nil (2025 - £186,733) in respect of freehold land and buildings.
 

5	Investment properties

	2026 £
Additions	309,081
Fair value adjustments	143,267
At 31 January	452,348

During the year one investment property was revalued by an independent mortgage valuer.

6

Debtors

Current	2026 £	2025 £
Prepayments	161	-
	161	-

PJLA Properties Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

7

Creditors

Creditors: amounts falling due within one year

	Note	2026 £	2025 £
Due within one year
Trade creditors		306	-
Amounts owed to group undertakings and undertakings in which the company has a participating interest	10	212,806	192,638
Taxation and social security		3,755	-
Accruals and deferred income		720	420
Other creditors		102,600	-
		320,187	193,058

8	Share capital

Allotted, called up and fully paid shares

	2026		2025
	No.	£	No.	£
Ordinary Shares A of £1 each	5	5	5	5
Ordinary Shares B of £1 each	1	1	1	1
	6	6	6	6

Each share is entitled to one vote in any circumstances and each share is also entitled pari passu to dividend payments or any other distribution, including a distribution arising from a winding up of the company.

9

Reserves

The changes to each component of equity resulting from items of other comprehensive income for the current year were as follows:

	Revaluation reserve £	Total £
Surplus/deficit on revaluation of other assets	107,450	107,450

10	Related party transactions

Loans from related parties

PJLA Properties Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

2026	Entities with joint control or significant influence £	Total £
At start of period	192,638	192,638
Advanced	20,168	20,168
At end of period	212,806	212,806

2025	Entities with joint control or significant influence £	Total £
Advanced	192,638	192,638
At end of period	192,638	192,638

Terms of loans from related parties

An amount of £212,806- 2025 (192,638) was owed by the company to FIFP & Carpentry Solutions Ltd which is a company controlled by D Priest.