IRIS Accounts Production v22.1.4.3 12880028 Board of Directors 15.9.20 30.9.21 30.9.21 0 false true false false true false ordinary 1.00000 1.00000 ordinary 1.00000 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure128800282020-09-14128800282021-09-30128800282020-09-152021-09-30128800282020-09-1412880028ns16:EnglandWales2020-09-152021-09-3012880028ns15:PoundSterling2020-09-152021-09-3012880028ns11:Director12020-09-152021-09-3012880028ns11:PrivateLimitedCompanyLtd2020-09-152021-09-3012880028ns11:SmallEntities2020-09-152021-09-3012880028ns11:AuditExemptWithAccountantsReport2020-09-152021-09-3012880028ns11:SmallCompaniesRegimeForDirectorsReport2020-09-152021-09-3012880028ns11:SmallCompaniesRegimeForAccounts2020-09-152021-09-3012880028ns11:FullAccounts2020-09-152021-09-3012880028ns11:OrdinaryShareClass12020-09-152021-09-30128800281ns11:OrdinaryShareClass12020-09-152021-09-3012880028ns11:Director22020-09-152021-09-3012880028ns11:RegisteredOffice2020-09-152021-09-3012880028ns6:CurrentFinancialInstruments2021-09-3012880028ns6:ShareCapital2021-09-3012880028ns6:RetainedEarningsAccumulatedLosses2021-09-3012880028ns6:LandBuildings2020-09-152021-09-3012880028ns6:LandBuildings2021-09-3012880028ns6:CurrentFinancialInstruments2020-09-152021-09-3012880028ns6:Secured2021-09-3012880028ns11:OrdinaryShareClass12021-09-30
REGISTERED NUMBER: 12880028 (England and Wales)















Financial Statements

for the Period 15 September 2020 to 30 September 2021

for

AJIT Holdings Ltd

AJIT Holdings Ltd (Registered number: 12880028)






Contents of the Financial Statements
for the Period 15 September 2020 to 30 September 2021




Page

Company Information 1

Chartered Certified Accountants' Report 2

Statement of Financial Position 3

Notes to the Financial Statements 5


AJIT Holdings Ltd

Company Information
for the Period 15 September 2020 to 30 September 2021







DIRECTORS: S Singh
S Kaur





REGISTERED OFFICE: Station Hotel
Castle Hill
Dudley
West Midlands
DY1 4RA





REGISTERED NUMBER: 12880028 (England and Wales)





ACCOUNTANTS: Hamiltons Group Limited
Chartered Certified Accountants
Meriden House
6 Great Cornbow
Halesowen
West Midlands
B63 3AB

Chartered Certified Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
AJIT Holdings Ltd

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 Statement of Financial Position. 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 AJIT Holdings Ltd for the period ended 30 September 2021 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of AJIT Holdings Ltd, 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 AJIT Holdings Ltd and state those matters that we have agreed to state to the Board of Directors of AJIT Holdings Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that AJIT Holdings Ltd 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 loss of AJIT Holdings Ltd. You consider that AJIT Holdings Ltd is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of AJIT Holdings Ltd. 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.






Hamiltons Group Limited
Chartered Certified Accountants
Meriden House
6 Great Cornbow
Halesowen
West Midlands
B63 3AB


26 August 2022

AJIT Holdings Ltd (Registered number: 12880028)

Statement of Financial Position
30 September 2021

Notes £    £   
FIXED ASSETS
Property, plant and equipment 4 1,939,238

CURRENT ASSETS
Cash at bank and in hand 18,130

CREDITORS
Amounts falling due within one year 5 2,023,528
NET CURRENT LIABILITIES (2,005,398 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(66,160

)

CAPITAL AND RESERVES
Called up share capital 7 2
Retained earnings (66,162 )
SHAREHOLDERS' FUNDS (66,160 )

AJIT Holdings Ltd (Registered number: 12880028)

Statement of Financial Position - continued
30 September 2021


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 September 2021.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 September 2021 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 26 August 2022 and were signed on its behalf by:





S Singh - Director


AJIT Holdings Ltd (Registered number: 12880028)

Notes to the Financial Statements
for the Period 15 September 2020 to 30 September 2021

1. STATUTORY INFORMATION

AJIT Holdings Ltd 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.

The financial statements are presented in sterling which is the functional currency of the business and rounded to the nearest £.

Turnover
Revenue 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
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

The Company adds to the carrying amount of an item of fixed assets the cost of replacing part of such an item when the cost is incurred, if the replacement part is expected to provide incremental future benefits to the Company. The carrying amount of the replaced part is derecognised. Repairs and maintenance are charged to profit or loss during the period in which they are incurred.

Depreciation is charged so as to allocate the cost of the assets less their residual value over their estimated useful lives.

Depreciation is provided on the following basis:

Freehold property-0%

Depreciation has been provided at 0% on freehold property as in the opinion of the directors, these are maintained in a continual state of sound repair, their lives are long and residual values are such that depreciation is not material. .

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement.

Taxation
Taxation for the period 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.


AJIT Holdings Ltd (Registered number: 12880028)

Notes to the Financial Statements - continued
for the Period 15 September 2020 to 30 September 2021

2. ACCOUNTING POLICIES - continued
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 period 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.

Going concern
The accounts have been prepared on a going concern basis, the validity of which depends upon the future support of the directors. In the opinion of the directors, this support will be available for the foreseeable future.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL.

4. PROPERTY, PLANT AND EQUIPMENT
Freehold
property
£   
COST
Additions 1,939,238
At 30 September 2021 1,939,238
NET BOOK VALUE
At 30 September 2021 1,939,238

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Bank loans and overdrafts 806,467
Amounts owed to participating interests 300,000
Directors' accounts 916,061
Accruals and deferred income 1,000
2,023,528

Amounts owed to participating interests do not bear interest, are unsecured and are repayable on demand.

6. SECURED DEBTS

The following secured debts are included within creditors:

£   
Bank loans 806,467

On 18th December 2020 a fixed and floating charge over all the property of the company was registered in favour of Together Commercial Finance Ltd.

AJIT Holdings Ltd (Registered number: 12880028)

Notes to the Financial Statements - continued
for the Period 15 September 2020 to 30 September 2021

7. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
2 ordinary £1 2

2 ordinary shares of £1 each were allotted and fully paid for cash at par during the period.