Company registration number 10666631 (England and Wales)
A J HOLDCO 1 LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
PAGES FOR FILING WITH REGISTRAR
A J HOLDCO 1 LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
A J HOLDCO 1 LIMITED
BALANCE SHEET
AS AT
31 MARCH 2023
31 March 2023
- 1 -
2023
2022
as restated
Notes
£
£
£
£
Fixed assets
Investments
3
3,925
3,000
Current assets
Debtors
4
96,142
400,564
Cash at bank and in hand
11,273
3,726
107,415
404,290
Creditors: amounts falling due within one year
5
(557,465)
(99,980)
Net current (liabilities)/assets
(450,050)
304,310
Net (liabilities)/assets
(446,125)
307,310
Capital and reserves
Called up share capital
6
1
1
Share premium account
1,000
1,000
Profit and loss reserves
(447,126)
306,309
Total equity
(446,125)
307,310
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
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.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and signed by the director and authorised for issue on 8 March 2024
A Jansons
Director
Company registration number 10666631 (England and Wales)
A J HOLDCO 1 LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
- 2 -
1
Accounting policies
Company information
A J Holdco 1 Limited is a private company limited by shares incorporated in England and Wales. The registered office is 13a Station Road, Beaconsfield, Bucks, HP9 1NL.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Fixed asset investments
Interests in associates are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.
An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.
1.3
Financial instruments
The company has elected to apply the provisions of Section 11 ”Basic Financial Instruments” to all of its financial instruments.
Financial instruments are recognised in the company’s balance sheet when the company becomes party to the contractual provisions of the instrument.
Basic financial assets
Short term debtors are measured at transaction price less any provision for impairment. Loans receivable are measured initially at fair value, net of transaction costs and are subsequently carried at amortised costs using the effective interest method, less any provision for impairment.
Basic financial liabilities
Short term creditors are measured at transaction price. Other financial liabilities, including bank loans and other loans, are measured initially at fair value, net of transaction costs and are subsequently carried at amortised costs using the effective interest method.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2023
2022
Number
Number
Total
1
1
A J HOLDCO 1 LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 3 -
3
Fixed asset investments
2023
2022
£
£
Shares in group undertakings and participating interests
3,925
3,000
Movements in fixed asset investments
Shares in associates
£
Cost or valuation
At 1 April 2022
3,000
Additions
2,425
Disposals
(1,500)
At 31 March 2023
3,925
Carrying amount
At 31 March 2023
3,925
At 31 March 2022
3,000
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Other debtors
96,142
400,564
5
Creditors: amounts falling due within one year
2023
2022
£
£
Other creditors
557,465
99,980
6
Called up share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
1
1
1
1
7
Related party transactions
At the balance sheet date the company owed £553,100 (2022: £98,100) to connected companies. This balance is interest free and repayable on demand.
A J HOLDCO 1 LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 4 -
8
Prior period adjustment
Changes to the balance sheet
As previously reported
Adjustment
As restated at 31 Mar 2022
£
£
£
Fixed assets
Investments
2,500
500
3,000
Current assets
Debtors due within one year
17,464
383,100
400,564
Creditors due within one year
Other creditors
(1,380)
(98,600)
(99,980)
Net assets
22,310
285,000
307,310
Capital and reserves
Profit and loss reserves
21,309
285,000
306,309
Changes to the profit and loss account
As previously reported
Adjustment
As restated
Period ended 31 March 2022
£
£
£
Interest receivable and similar income
-
285,000
285,000
Profit for the financial period
11,189
285,000
296,189
Reconciliation of changes in equity
1 April
31 March
2021
2022
£
£
Adjustments to prior year
Dividends recieved from investment
-
285,000
Equity as previously reported
-
22,310
Equity as adjusted
-
307,310
Analysis of the effect upon equity
Profit and loss reserves
-
285,000
Reconciliation of changes in profit for the previous financial period
2022
£
Adjustments to prior year
Dividends recieved from investment
285,000
Profit as previously reported
11,189
Profit as adjusted
296,189