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AJ Developments (Cannon Street) Ltd

Annual Report and Unaudited Financial Statements
Year Ended 30 June 2023

Registration number: 12033311

 

AJ Developments (Cannon Street) Ltd

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 6

 

AJ Developments (Cannon Street) Ltd

Balance Sheet

30 June 2023

Note

2023
£

2022
£

Current assets

 

Debtors

4

44,002

44,002

Cash at bank and in hand

 

1,131

7,974

 

45,133

51,976

Creditors: Amounts falling due within one year

5

(14,168)

(12,971)

Total assets less current liabilities

 

30,965

39,005

Creditors: Amounts falling due after more than one year

5

(32,870)

(38,426)

Net (liabilities)/assets

 

(1,905)

579

Capital and reserves

 

Called up share capital

7

2

2

Profit and loss account

(1,907)

577

Shareholders' (deficit)/funds

 

(1,905)

579

 

AJ Developments (Cannon Street) Ltd

Balance Sheet

30 June 2023

For the financial year ending 30 June 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 accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 11 March 2024 and signed on its behalf by:
 

.........................................
M S Adams
Director

Company Registration Number: 12033311

 

AJ Developments (Cannon Street) Ltd

Notes to the Unaudited Financial Statements

Year Ended 30 June 2023

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
202 Sandbanks Road
Poole
Dorset
BH14 8HA

These financial statements were authorised for issue by the Board on 11 March 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Tax

Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

AJ Developments (Cannon Street) Ltd

Notes to the Unaudited Financial Statements

Year Ended 30 June 2023

Financial instruments

Classification
The company holds the following financial instruments:

• Short term trade and other debtors and creditors;
• Bank loans; and
• Cash and bank balances.

All financial instruments are classified as basic.

 Recognition and measurement
The company has chosen to apply the recognition and measurement principles in FRS102.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.

Except for bank loans, such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.

Bank loans are initially measured at transaction price, including transaction costs, and are subsequently carried at amortised cost using the effective interest method.


 

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2022 - 0).

No employees are employed directly by the company and wages are recharged from other group companies.

4

Debtors

2023
£

2022
£

Amounts owed by group undertakings

44,002

44,002

44,002

44,002

 

AJ Developments (Cannon Street) Ltd

Notes to the Unaudited Financial Statements

Year Ended 30 June 2023

5

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

6

5,556

5,556

Amounts owed to group undertakings

1,798

-

Taxation and social security

 

3,784

4,367

Accruals and deferred income

 

3,030

3,048

 

14,168

12,971

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

6

32,870

38,426

2023
£

2022
£

Due after more than five years

After more than five years by instalments

10,648

16,204

-

-

 

AJ Developments (Cannon Street) Ltd

Notes to the Unaudited Financial Statements

Year Ended 30 June 2023

6

Loans and borrowings

2023
£

2022
£

Loans and borrowings due after one year

Bank borrowings

32,870

38,426

2023
£

2022
£

Current loans and borrowings

Bank borrowings

5,556

5,556

7

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary shares of £1 each

2

2

2

2