A J Pritchard Investments Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 06526600 (England and Wales)

Abridged Financial Statements for the Year Ended 31st March 2023

for

A J Pritchard Investments Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs M E Pritchard

J Pritchard

A J Pritchard

REGISTERED OFFICE:

Larch Barn

Little Lightwood Farm

Cotheridge

Worcestershire

WR6 5LT

REGISTERED NUMBER:

06526600 (England and Wales)

ACCOUNTANTS:

The Richards Sandy Partnership

Thorneloe House

25 Barbourne Road

Worcester

Worcestershire

WR1 1RU

FIXED ASSETS

Tangible assets

4

5,156

665

Investments

5

331,349

346,195

Investment property

6

1,875,000

1,875,000

2,211,505

2,221,860

CURRENT ASSETS

Debtors

21,709

37,692

Cash at bank

87,943

85,440

109,652

123,132

CREDITORS

Amounts falling due within one year

14,785

27,288

NET CURRENT ASSETS

94,867

95,844

TOTAL ASSETS LESS CURRENT LIABILITIES

2,306,372

2,317,704

PROVISIONS FOR LIABILITIES

-

96,300

NET ASSETS

2,306,372

2,221,404

CAPITAL AND RESERVES

Called up share capital

60

60

Non-distributable profit and loss account

507,381

479,036

Retained earnings

1,798,931

1,742,308

SHAREHOLDERS' FUNDS

2,306,372

2,221,404

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2023 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31st March 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 20th December 2023 and were signed on its behalf by:

A J Pritchard - Director

1.	STATUTORY INFORMATION

A J Pritchard Investments 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

TANGIBLE FIXED ASSETS

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

Plant and machinery

-

100% on cost

Fixtures and fittings

-

33% on 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1st April 2022

4,579

Additions

7,055

At 31st March 2023

11,634

DEPRECIATION

At 1st April 2022

3,914

Charge for year

2,564

At 31st March 2023

6,478

NET BOOK VALUE

At 31st March 2023

5,156

At 31st March 2022

665

5.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

COST OR VALUATION

At 1st April 2022

346,195

Additions

79,221

Disposals

(43,915

)

Revaluations

(50,152

)

At 31st March 2023

331,349

NET BOOK VALUE

At 31st March 2023

331,349

At 31st March 2022

346,195

Cost or valuation at 31st March 2023 is represented by:

Totals

£

Valuation in 2017

5,445

Valuation in 2018

(152,691

)

Valuation in 2019

291,874

Valuation in 2020

8,523

Valuation in 2021

74,547

Valuation in 2022

(24,670

)

Valuation in 2023

(49,965

)

Cost

178,286

331,349

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st April 2022

and 31st March 2023

1,875,000

NET BOOK VALUE

At 31st March 2023

1,875,000

At 31st March 2022

1,875,000

Fair value at 31st March 2023 is represented by:

£

Valuation in 2018

(17,990

)

Valuation in 2022

525,000

Cost

1,367,990

1,875,000

If Investment property had not been revalued it would have been included at the following historical cost:

2023

2022

£

£

Cost

1,367,990

1,367,990

Investment property was valued on an open market basis on 31st March 2022 by the directors .