Company Registration No. 10919641 (England and Wales)
AJ Capital Holding Ltd
Unaudited accounts
for the year ended 31 December 2023
AJ Capital Holding Ltd
Unaudited accounts
Contents
AJ Capital Holding Ltd
Company Information
for the year ended 31 December 2023
Directors
Mr D A J Van Dyke
Mr P Stevens
Company Number
10919641 (England and Wales)
Registered Office
12a Causton Street
London
SW1P 4RZ
England
Accountants
Wellden Turnbull Limited
Albany House
Claremont Lane
Esher
Surrey
KT10 9FQ
AJ Capital Holding Ltd
Statement of financial position
as at 31 December 2023
Cash at bank and in hand
3,903
7,046
Creditors: amounts falling due within one year
(28,612)
(28,390)
Net current liabilities
(24,709)
(21,344)
Net liabilities
(22,609)
(19,244)
Called up share capital
2
2
Profit and loss account
(22,611)
(19,246)
Shareholders' funds
(22,609)
(19,244)
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 members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 27 August 2024 and were signed on its behalf by
Mr D A J Van Dyke
Director
Company Registration No. 10919641
AJ Capital Holding Ltd
Notes to the Accounts
for the year ended 31 December 2023
AJ Capital Holding Ltd is a private company, limited by shares, registered in England and Wales, registration number 10919641. The registered office is 12a Causton Street, London, SW1P 4RZ, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. 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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Preparation of consolidated financial statements
The financial statements contain information about AJ Capital Holding Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399 (2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.
The financial statements have been prepared on a going concern basis notwithstanding the fact that the company has a deficiency on total equity at the end of the year. The director considers this basis to be appropriate as the company has sufficient facilities available from its shareholders to fund its working capital requirements for a period of at least twelve months from the date these financial
statements were approved.
Ordinary shares are classified as equity.
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.
AJ Capital Holding Ltd
Notes to the Accounts
for the year ended 31 December 2023
The company has elected to apply Sections 11 and 12 of FRS 102 in respect of financial
instruments.
Financial assets and financial liabilities are recognised when the company becomes party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
The company’s policies for its major classes of financial assets and financial liabilities are set out below.
Financial assets
Basic financial assets, including trade and other debtors, cash and bank balances, intercompany working capital balances, and intercompany financing are recognised at transaction price.
Financial liabilities
Basic financial liabilities, including trade and other creditors and loans from fellow group companies are recognised at transaction price.
Impairment of financial assets
Financial assets measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the profit and loss account.
For financial assets measured at cost less impairment, the impairment loss is measured as the difference between the asset's carrying amount and the best estimate of the amount the company would receive for the asset if it were to be sold at the reporting date.
For financial assets measured at amortised cost, the impairment loss is measured as the difference between the asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If the financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.
If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.
Derecognition of financial assets and financial liabilities
Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) despite having retained some significant risks and rewards of ownership, control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.
Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.
Offsetting of financial assets and financial liabilities
Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
AJ Capital Holding Ltd
Notes to the Accounts
for the year ended 31 December 2023
4
Investments
Other investments
Valuation at 1 January 2023
2,100
Valuation at 31 December 2023
2,100
5
Creditors: amounts falling due within one year
2023
2022
Other creditors
25,044
25,044
Loans from directors
1,156
1,156
The amounts owed to group undertakings are interest free, unsecured and have no fixed repayment date.
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
7
Transactions with related parties
At the balance sheet date, the company owed £1,156 (2022 - £1,156) to the company's directors. The balance is provided interest free and is unsecured. There are no formal terms and conditions regarding repayment of the balance.
At the balance sheet date, the company was owed £24,000 (2022 - £24,000) to connected companies. The loans are provided interest free, unsecured and repayable on demand.
The company has taken advantage of the exemption available in FRS102 Section 33.1A "Related party disclosures", where it has not disclosed transactions with its wholly owned subsidiaries.
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).