1 September 2022 v2024.6.1 limited_company_frs_102_section_1a_v1_1_1 companies_houseSoftwarefalsetruetruetrueNo description of principal activity00falsetruexbrli:purexbrli:sharesiso4217:GBP135658092022-09-012023-08-31135658092023-08-31135658092022-08-3113565809core:WithinOneYear2023-08-3113565809core:WithinOneYear2022-08-3113565809core:AfterOneYear2023-08-3113565809core:AfterOneYear2022-08-3113565809core:ShareCapital2023-08-3113565809core:ShareCapital2022-08-3113565809core:RetainedEarningsAccumulatedLosses2023-08-3113565809core:RetainedEarningsAccumulatedLosses2022-08-3113565809bus:Director12022-09-012023-08-3113565809bus:RegisteredOffice2022-09-012023-08-3113565809core:LandBuildings2022-09-012023-08-3113565809core:LandBuildings2023-08-31135658092022-09-011356580912022-09-012023-08-31135658092021-08-132022-08-3113565809countries:EnglandWales2022-09-012023-08-3113565809bus:AuditExemptWithAccountantsReport2022-09-012023-08-3113565809bus:PrivateLimitedCompanyLtd2022-09-012023-08-3113565809bus:SmallEntities2022-09-012023-08-3113565809bus:FullAccounts2022-09-012023-08-31
Company registration number:
13565809
Aj & Aj Property Ltd
Unaudited Filleted Financial Statements for the year ended
31 August 2023
Aj & Aj Property Ltd
Report to the board of directors on the preparation of the unaudited statutory financial statements of Aj & Aj Property Ltd
Year ended
31 August 2023
As described on the statement of financial position, the Board of Directors of
Aj & Aj Property Ltd
are responsible for the preparation of the
financial statements
for the year ended
31 August 2023
, which comprise the income statement, statement of financial position, statement of changes in equity and related notes.
You consider that the company is exempt from an audit under the Companies Act 2006.
In accordance with your instructions we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.
Atkinson Accounts
Egerton House
55 Hoole Road
Chester
CH2 3NJ
United Kingdom
Aj & Aj Property Ltd
Statement of Financial Position
31 August 2023
20232022
Note££
Fixed assets    
Tangible assets 5
125,814
  -  
Current assets    
Debtors 6
800
 
610
 
Cash at bank and in hand
1,663
 
35,474
 
2,463
 
36,084
 
Creditors: amounts falling due within one year 7
(1,060
)
(260
)
Net current assets
1,403
 
35,824
 
Total assets less current liabilities 127,217   35,824  
Creditors: amounts falling due after more than one year 8
(129,840
)
(36,734
)
Net liabilities
(2,623
)
(910
)
Capital and reserves    
Called up share capital
100
 
100
 
Profit and loss account
(2,723
)
(1,010
)
Shareholders deficit
(2,623
)
(910
)
For the year ending
31 August 2023
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
6 March 2024
, and are signed on behalf of the board by:
A Fraser
Director
Company registration number:
13565809
Aj & Aj Property Ltd
Notes to the Financial Statements
Year ended
31 August 2023

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
55 Hoole Road
,
Chester
,
Cheshire
,
CH2 3NJ
, United Kingdom.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.

Investment properties

Investment property is measured initially at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

4 Average number of employees

The average number of persons employed by the company during the year was Nil (2022: Nil).

5 Tangible assets

Land and buildings
£
Cost  
At
1 September 2022
-  
Additions
125,814
 
At
31 August 2023
125,814
 
Depreciation  
At
1 September 2022
and
31 August 2023
-  
Carrying amount  
At
31 August 2023
125,814
 
At 31 August 2022 -  

Investment property

Included in land and buildings are the following amounts in relation to investment properties:
2023
£
Carrying amount at
1 September 2022
0.00
 
Additions
125,814
 
Carrying amount at
31 August 2023
125,814
 

6 Debtors

20232022
££
Other debtors
800
 
610
 

7 Creditors: amounts falling due within one year

20232022
££
Other creditors
1,060
 
260
 

8 Creditors: amounts falling due after more than one year

20232022
££
Bank loans and overdrafts
91,800
  -  
Other creditors
38,040
 
36,734
 
129,840
 
36,734