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REGISTERED NUMBER: 02307915 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 December 2023

for

AJS 22 Ltd

AJS 22 Ltd (Registered number: 02307915)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AJS 22 Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTORS: A. Stephenson
Mrs A. Stephenson
S. A. Basterfield
J. E. Stephenson-Smith



SECRETARY: A. Stephenson



REGISTERED OFFICE: 'The Annexe'
9 Regent Parade
Harrogate
North Yorkshire
HG1 5AN



REGISTERED NUMBER: 02307915 (England and Wales)



ACCOUNTANTS: Clive Owen LLP
Chartered Accountants
Oak Tree House, Harwood Road
Northminster Business Park
Upper Poppleton
York
YO26 6QU



SOLICITORS: Freeths LLP
1 Vine Street
Mayfair
London
WIJ 0AH

AJS 22 Ltd (Registered number: 02307915)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,000,000 8,900,000
Investments 5 447,500 447,500
8,447,500 9,347,500

CURRENT ASSETS
Debtors 6 185,800 118,693
Cash at bank 829,612 408,408
1,015,412 527,101
CREDITORS
Amounts falling due within one year 7 114,218 102,765
NET CURRENT ASSETS 901,194 424,336
TOTAL ASSETS LESS CURRENT
LIABILITIES

9,348,694

9,771,836

PROVISIONS FOR LIABILITIES 8 1,011,862 1,036,065
NET ASSETS 8,336,832 8,735,771

CAPITAL AND RESERVES
Called up share capital 9 100,000 100,000
Revaluation reserve 10 5,301,178 5,757,410
Retained earnings 2,935,654 2,878,361
8,336,832 8,735,771

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

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

AJS 22 Ltd (Registered number: 02307915)

Balance Sheet - continued
31 December 2023


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 February 2024 and were signed on its behalf by:





A. Stephenson - Director


AJS 22 Ltd (Registered number: 02307915)

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

1. STATUTORY INFORMATION

AJS 22 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 as modified by the revaluation of certain assets.

There were no material departures from that standard.

The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.

Turnover
Turnover represents invoiced property income, excluding value added tax.

Income recognition
Turnover is recognised in accordance with the contractual terms of the lease.

Investment income is recognised when it can be measured reliably and it is probable that the income will be received.

Tangible fixed assets
Properties are valued at open market value, No depreciation is provided in respect of properties. In accordance with the provisions of Section 1A "Small entities" of financial Reporting Standard 102, properties are revalued annually and the aggregate surplus or deficit is transferred to a revaluation reserve. The directors consider that this accounting policy results in the accounting giving a true and fair view. Depreciation is only one of many factors in the annual valuation and the amount which might otherwise be shown cannot be separately identified or quantified.

Fixed asset investments
Fixed asset investments are included at fair value. Gains and losses are recognised in the Profit and Loss Account. Deferred taxation is provided on these gains and losses at the rate expected to apply when the investments are sold.

Financial instruments
Financial assets
Short term debtors and cash at bank are measured at amortised cost. Other financial assets, such as listed investments, are measured at fair value through the profit and loss account.

Financial liabilities
Short term trade creditors are measured at amortised cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.


AJS 22 Ltd (Registered number: 02307915)

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

2. ACCOUNTING POLICIES - continued
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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST OR VALUATION
At 1 January 2023 8,900,000
Disposals (600,000 )
Revaluations (300,000 )
At 31 December 2023 8,000,000
NET BOOK VALUE
At 31 December 2023 8,000,000
At 31 December 2022 8,900,000

Cost or valuation at 31 December 2023 is represented by:

Land and
buildings
£   
Valuation in 2023 6,445,620
Cost 1,554,380
8,000,000

If freehold properties had not been revalued they would have been included at the following historical cost:

2023 2022
£    £   
Cost 1,554,380 1,973,148

Freehold properties were valued on an open market basis on 31 December 2023, after taking due consideration of the strength of the covenants and remaining length of the leases.

AJS 22 Ltd (Registered number: 02307915)

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

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 January 2023
and 31 December 2023 447,500
NET BOOK VALUE
At 31 December 2023 447,500
At 31 December 2022 447,500

Cost or valuation at 31 December 2023 is represented by:

Other
investments
£   
Valuation in 2023 (115,000 )
Cost 562,500
447,500

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors - 9,360
Other loan 8,500 8,500
Directors' current accounts 159,547 89,000
Prepayments and accrued income 17,753 11,833
185,800 118,693

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 98,231 78,858
Accruals and deferred income 15,987 23,907
114,218 102,765

8. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 1,011,862 1,036,065

Deferred
tax
£   
Balance at 1 January 2023 1,036,065
Provided during year (24,203 )
Balance at 31 December 2023 1,011,862

AJS 22 Ltd (Registered number: 02307915)

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

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £

30,000 A Ordinary £1 30,000 30,000
29,500 B Ordinary £1 29,500 29,500
500 C Ordinary £1 500 500
20,000 D Ordinary £1 20,000 20,000
19,500 E Ordinary £1 19,500 19,500
500 F Ordinary £1 500 500
100,000 100,000

10. RESERVES
Revaluation
reserve
£   
At 1 January 2023 5,757,410
Unrealised gain/(loss) (300,000 )
Realised (gain)/loss (181,232 )
Deferred Tax movement 25,000

At 31 December 2023 5,301,178

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£    £   
A. Stephenson and Mrs A. Stephenson
Balance outstanding at start of year 89,000 (1,775 )
Amounts advanced 905,958 380,372
Amounts repaid (835,411 ) (289,597 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 159,547 89,000

The overdrawn directors' loan account will be repaid in full by 8 April 2024.

No interest has been charged.