Registered number
11209889
AJ Estates Midlands Ltd
Filleted Accounts
28 February 2023
AJ Estates Midlands Ltd
Registered number: 11209889
Balance Sheet
as at 28 February 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 332,890 332,890
Current assets
Debtors 4 100 100
Cash at bank and in hand 19,157 4,123
19,257 4,223
Creditors: amounts falling due within one year 5 (79,185) (91,971)
Net current liabilities (59,928) (87,748)
Total assets less current liabilities 272,962 245,142
Creditors: amounts falling due after more than one year 6 (262,554) (244,042)
Net assets 10,408 1,100
Capital and reserves
Called up share capital 100 100
Profit and loss account 10,308 1,000
Shareholders' funds 10,408 1,100
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mohammed Jamil
Director
Approved by the board on 30 November 2023
AJ Estates Midlands Ltd
Notes to the Accounts
for the year ended 28 February 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings None
Leasehold land and buildings None
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 March 2022 332,890
At 28 February 2023 332,890
Depreciation
At 28 February 2023 -
Net book value
At 28 February 2023 332,890
At 28 February 2022 332,890
4 Debtors 2023 2022
£ £
Other debtors 100 100
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 34,200 39,600
Director loan 40,968 50,537
Taxation and social security costs 2,417 234
Other creditors 1,600 1,600
79,185 91,971
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 262,554 244,042
7 Other information
AJ Estates Midlands Ltd is a private company limited by shares and incorporated in England. Its registered office is:
67 Beechmore Road
Birmingham
B26 3AR
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