PJT Property Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08212908 (England and Wales)

PJT PROPERTY LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2018

Page

Company Information

1

Chartered Accountants' Report

2

Statement of Financial Position

3

Notes to the Financial Statements

5

DIRECTOR:

Mr P.J. Temme

REGISTERED OFFICE:

8 Prospect Place

East Pimbo Industrial Estate

Skelmersdale

Lancashire

WN8 9QD

BUSINESS ADDRESS:

Ottershead Farm

Dicks Lane

Lathom

Lancashire

L40 6JT

REGISTERED NUMBER:

08212908 (England and Wales)

ACCOUNTANTS:

Folkes Worton LLP

15-17 Church Street

Stourbridge

West Midlands

DY8 1LU

The following reproduces the text of the report prepared for the director in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file

a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary

statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of PJT Property Limited for the year ended 30 June 2018 which comprise the Income Statement,

Statement of Financial Position, Statement of Changes in Equity and the related notes from the company's accounting

records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of PJT Property Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of PJT Property Limited and state those matters that we have agreed to state to the director of PJT Property Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than PJT Property Limited and its director for our work or for this report.

It is your duty to ensure that PJT Property Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of PJT Property Limited. You consider that PJT Property Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of PJT Property Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Folkes Worton LLP

15-17 Church Street

Stourbridge

West Midlands

DY8 1LU

11 March 2019

FIXED ASSETS

Tangible assets

4

1,600

1,950

Investment property

5

629,767

517,307

631,367

519,257

CURRENT ASSETS

Debtors

6

-

4,987

Cash at bank

46,458

228,932

46,458

233,919

CREDITORS

Amounts falling due within one year

7

462,862

529,554

NET CURRENT LIABILITIES

(416,404

)

(295,635

)

TOTAL ASSETS LESS CURRENT LIABILITIES

214,963

223,622

CREDITORS

Amounts falling due after more than one year

8

(135,931

)

(143,351

)

PROVISIONS FOR LIABILITIES

(304

)

(371

)

NET ASSETS

78,728

79,900

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

78,628

79,800

SHAREHOLDERS' FUNDS

78,728

79,900

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 11 March 2019 and were signed by:

Mr P.J. Temme - Director

1.	STATUTORY INFORMATION

PJT 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents net sales of goods/services, excluding value added tax

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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 statement of financial position date.

Deferred tax

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

statement of financial position 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 (2017 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 July 2017

2,900

Additions

500

At 30 June 2018

3,400

DEPRECIATION

At 1 July 2017

950

Charge for year

850

At 30 June 2018

1,800

NET BOOK VALUE

At 30 June 2018

1,600

At 30 June 2017

1,950

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 July 2017

517,307

Additions

112,460

At 30 June 2018

629,767

NET BOOK VALUE

At 30 June 2018

629,767

At 30 June 2017

517,307

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Other debtors

-

4,987

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Bank loans and overdrafts

7,640

77,538

Taxation and social security

2,190

8,548

Other creditors

453,032

443,468

462,862

529,554

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2018

2017

£

£

Bank loans

135,931

143,351

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

102,371

110,991

9.	STATUTORY INFORMATION

PJT Property is a private limited 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.

10.	RELATED PARTY DISCLOSURES

Mr P.J. Temme and his wife, Mrs J.L. Temme, own a controlling share in W.W. Digital Limited. At the balance

sheet date, PJT Property Limited owed W.W. Digital Limited £160,908 (2017: £152,444).

11.	ULTIMATE CONTROLLING PARTY

The control of the company is exercised by Mr P. J. Temme by virtue of his shareholdings.