Acorah Software Products - Accounts Production 15.0.600 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 10506411 Mr Amir Mohsen Mortazavi iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10506411 2022-12-31 10506411 2023-12-31 10506411 2023-01-01 2023-12-31 10506411 frs-core:CurrentFinancialInstruments 2023-12-31 10506411 frs-core:Non-currentFinancialInstruments 2023-12-31 10506411 frs-core:ShareCapital 2023-12-31 10506411 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 10506411 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 10506411 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 10506411 frs-bus:SmallEntities 2023-01-01 2023-12-31 10506411 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 10506411 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 10506411 frs-bus:Director1 2023-01-01 2023-12-31 10506411 frs-countries:EnglandWales 2023-01-01 2023-12-31 10506411 2021-12-31 10506411 2022-12-31 10506411 2022-01-01 2022-12-31 10506411 frs-core:CurrentFinancialInstruments 2022-12-31 10506411 frs-core:Non-currentFinancialInstruments 2022-12-31 10506411 frs-core:ShareCapital 2022-12-31 10506411 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 10506411
Ajkk Investment & Property Management Ltd
Financial Statements
For The Year Ended 31 December 2023
MBN Accountancy Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 10506411
2023 2022
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 1,407,901 350,000
1,407,901 350,000
CURRENT ASSETS
Debtors 5 - 7
Cash at bank and in hand 22,216 125,434
22,216 125,441
Creditors: Amounts Falling Due Within One Year 6 (4,932 ) (14,291 )
NET CURRENT ASSETS (LIABILITIES) 17,284 111,150
TOTAL ASSETS LESS CURRENT LIABILITIES 1,425,185 461,150
Creditors: Amounts Falling Due After More Than One Year 7 (1,249,836 ) (385,231 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (17,027 ) -
NET ASSETS 158,322 75,919
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 158,222 75,819
SHAREHOLDERS' FUNDS 158,322 75,919
Page 1
Page 2
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Amir Mohsen Mortazavi
Director
07/08/2024
The notes on pages 3 to 4 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Ajkk Investment & Property Management Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10506411 . The registered office is 19 The Link, London, W3 0JW.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Significant judgements and estimations
In the application of the Company's accounting policies, the Directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.
The valuation of investment properties is inherently subjective, depending on many factors, including the individual nature of each property, its location and expected future net rental values, market yields and comparable market transactions. Therefore the valuations are subject to a degree of uncertainty and are made on the basis of assumptions which may not prove to be accurate, particularly in periods of difficult market or economic conditions.
2.3. Turnover
Turnover represents rents and service charges receivable and is measured at the fair value of the consideration received.
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2022: )
- -
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4. Investment Property
2023
£
Fair Value
As at 1 January 2023 350,000
Additions 979,496
Fair value adjustments 78,405
As at 31 December 2023 1,407,901
5. Debtors
2023 2022
£ £
Due within one year
Other debtors - 7
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Other creditors - 14,291
Taxation and social security 4,932 -
4,932 14,291
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Other creditors 1,249,836 385,231
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
9. Related Party Transactions
Included in Other creditors are loans aggregating £1,249,836 due to the directors and shareholders. The loans are interest-free and repayable on demand.
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