P.J. Barnett Consultants Limited - Accounts to registrar (filleted) - small 23.2

REGISTERED NUMBER: 01084500 (England and Wales)

P.J. BARNETT CONSULTANTS LIMITED

Unaudited Financial Statements for the Year Ended 30 November 2022

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

7

DIRECTORS:

P J Barnett

Mrs P J Barnett

SECRETARY:

Mrs P J Barnett

REGISTERED OFFICE:

92-94 Chapel Ash

Wolverhampton

WV3 0TY

REGISTERED NUMBER:

01084500 (England and Wales)

ACCOUNTANTS:

Lancaster Haskins Limited

Granville House

2 Tettenhall Road

Wolverhampton

West Midlands

WV1 4SB

FIXED ASSETS

Tangible assets

4

390,000

390,000

Investments

5

100

100

390,100

390,100

CURRENT ASSETS

Cash at bank

201

29

CREDITORS

Amounts falling due within one year

6

62,883

48,826

NET CURRENT LIABILITIES

(62,682

)

(48,797

)

TOTAL ASSETS LESS CURRENT LIABILITIES

327,418

341,303

CREDITORS

Amounts falling due after more than one year

7

-

16,968

NET ASSETS

327,418

324,335

CAPITAL AND RESERVES

Called up share capital

9

100

100

Other reserves

130,807

130,807

Retained earnings

196,511

193,428

SHAREHOLDERS' FUNDS

327,418

324,335

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2022 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 24 August 2023 and were signed on its behalf by:

P J Barnett - Director

1.	STATUTORY INFORMATION

P.J. Barnett Consultants 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Tangible fixed assets

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

Land and buildings

-

not provided

Financial instruments

Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference shares or non-puttable ordinary shares which are measured at fair value, with changes

recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

property

£

COST OR VALUATION

At 1 December 2021

and 30 November 2022

390,000

NET BOOK VALUE

At 30 November 2022

390,000

At 30 November 2021

390,000

Cost or valuation at 30 November 2022 is represented by:

Freehold

property

£

Valuation in 1997

285,000

Valuation in 2011

105,000

390,000

5.	FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:

30.11.22

30.11.21

£

£

Shares in subsiduary

100

100

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.22

30.11.21

£

£

Bank loans and overdrafts

6,251

-

Amount owed to subsidiary

50,309

41,763

Directors' current accounts

6,323

7,063

62,883

48,826

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.11.22

30.11.21

£

£

Bank loans - 1-2 years

-

16,968

8.	SECURED DEBTS

The following secured debts are included within creditors:

30.11.22

30.11.21

£

£

Bank loans

6,251

16,968

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.22

30.11.21

value:

£

£

100

Ordinary

£1

100

100

10.	ULTIMATE CONTROLLING PARTY

The controlling party is P J Barnett.

The following reproduces the text of the report prepared for the directors 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 Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors 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 P.J. Barnett Consultants Limited for the year ended 30 November 2022 which comprise the Income Statement, Balance Sheet, 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 Board of Directors of P.J. Barnett Consultants Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of P.J. Barnett Consultants Limited and state those matters that we have agreed to state to the Board of Directors of P.J. Barnett Consultants Limited, as a body, 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 P.J. Barnett Consultants Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that P.J. Barnett Consultants 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 P.J. Barnett Consultants Limited. You consider that P.J. Barnett Consultants 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 P.J. Barnett Consultants 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.

Lancaster Haskins Limited

Granville House

2 Tettenhall Road

Wolverhampton

West Midlands

WV1 4SB

25 August 2023