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REGISTERED NUMBER: 13372460 (England and Wales)







Unaudited Financial Statements for the Year Ended 31 March 2023

for

AGJM Investments Limited

AGJM Investments Limited (Registered number: 13372460)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


AGJM Investments Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: A Greenwood
J Milanovic





REGISTERED OFFICE: Woodlands Grange
Woodlands Lane
Bradley Stoke
Bristol
BS32 4JY





REGISTERED NUMBER: 13372460 (England and Wales)





ACCOUNTANTS: Dunkley's
Woodlands Grange
Woodlands Lane
Bradley Stoke
Bristol
BS32 4JY

AGJM Investments Limited (Registered number: 13372460)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,890 2,519
Investment property 5 236,983 236,983
238,873 239,502

CURRENT ASSETS
Cash at bank 5,231 2,226

CREDITORS
Amounts falling due within one year 6 87,374 86,092
NET CURRENT LIABILITIES (82,143 ) (83,866 )
TOTAL ASSETS LESS CURRENT LIABILITIES 156,730 155,636

CREDITORS
Amounts falling due after more than one year 7 170,850 170,850
NET LIABILITIES (14,120 ) (15,214 )

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 (14,220 ) (15,314 )
SHAREHOLDERS' FUNDS (14,120 ) (15,214 )

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

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

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 4 November 2023 and were signed on its behalf by:




A Greenwood - Director


AGJM Investments Limited (Registered number: 13372460)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

AGJM 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.

The financial statements have been prepared on the going concern basis which assumes that the company will continue in operational existence for the foreseeable future. Trading losses were incurred this year, but the company is expected to make a profit in the next year. The directors have also confirmed that they will continue to support the company. On this basis the policy is considered to be reasonable.

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

Turnover consists of rents receivable. Revenue is recognised evenly over the rental period.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance

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 NIL (2022 - NIL).

AGJM Investments Limited (Registered number: 13372460)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 April 2022
and 31 March 2023 2,641
DEPRECIATION
At 1 April 2022 122
Charge for year 629
At 31 March 2023 751
NET BOOK VALUE
At 31 March 2023 1,890
At 31 March 2022 2,519

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022
and 31 March 2023 236,983
NET BOOK VALUE
At 31 March 2023 236,983
At 31 March 2022 236,983

The investment property was valued on an open market basis on 31/3/23 by the directors.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Other creditors 1,211 1,211
Directors' current accounts 84,267 83,941
Accruals and deferred income 1,896 940
87,374 86,092

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans more 5 yrs non-inst 170,850 170,850

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 170,850 170,850

AGJM Investments Limited (Registered number: 13372460)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

8. SECURED DEBTS

The following secured debts are included within creditors:

31.3.23 31.3.22
£    £   
Bank loans 170,850 170,850

The loan is secured on the property owned by the company.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
50 Ordinary A £1 50 50
50 Ordinary B £1 50 50
100 100

10. RESERVES
Retained
earnings
£   

At 1 April 2022 (15,314 )
Profit for the year 1,094
At 31 March 2023 (14,220 )