Acorah Software Products - Accounts Production 14.5.601 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 05142864 Mr Stephen Jones Mrs Alison Jones Mr Andrew Jones Miss Natalie Kerr Mr Stephen Jones Trustees of A J Investments (Cardiff) Limited Business Trust true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05142864 2023-03-31 05142864 2024-03-31 05142864 2023-04-01 2024-03-31 05142864 frs-core:CurrentFinancialInstruments 2024-03-31 05142864 frs-core:Non-currentFinancialInstruments 2024-03-31 05142864 frs-core:FurnitureFittings 2024-03-31 05142864 frs-core:FurnitureFittings 2023-04-01 2024-03-31 05142864 frs-core:FurnitureFittings 2023-03-31 05142864 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-03-31 05142864 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 05142864 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-03-31 05142864 frs-core:SharePremium 2024-03-31 05142864 frs-core:ShareCapital 2024-03-31 05142864 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 05142864 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 05142864 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 05142864 frs-bus:SmallEntities 2023-04-01 2024-03-31 05142864 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 05142864 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 05142864 1 2023-04-01 2024-03-31 05142864 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-03-31 05142864 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-03-31 05142864 frs-core:CostValuation 2023-03-31 05142864 frs-core:CostValuation 2024-03-31 05142864 frs-core:ProvisionsForImpairmentInvestments 2023-03-31 05142864 frs-core:ProvisionsForImpairmentInvestments 2024-03-31 05142864 frs-core:ListedExchangeTraded 2024-03-31 05142864 frs-core:ListedExchangeTraded 2023-03-31 05142864 frs-core:CostValuation frs-core:ListedExchangeTraded 2023-03-31 05142864 frs-core:CostValuation frs-core:ListedExchangeTraded 2024-03-31 05142864 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2023-03-31 05142864 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2024-03-31 05142864 frs-bus:Director1 2023-04-01 2024-03-31 05142864 frs-bus:Director2 2023-04-01 2024-03-31 05142864 frs-bus:Director3 2023-04-01 2024-03-31 05142864 frs-bus:Director4 2023-04-01 2024-03-31 05142864 frs-bus:CompanySecretary1 2023-04-01 2024-03-31 05142864 frs-core:Non-currentFinancialInstruments 2 2024-03-31 05142864 frs-core:Non-currentFinancialInstruments 3 2024-03-31 05142864 frs-core:Non-currentFinancialInstruments 4 2024-03-31 05142864 frs-core:CurrentFinancialInstruments 5 2024-03-31 05142864 frs-core:Non-currentFinancialInstruments 5 2024-03-31 05142864 frs-core:CurrentFinancialInstruments 6 2024-03-31 05142864 frs-core:CurrentFinancialInstruments 8 2024-03-31 05142864 frs-countries:EnglandWales 2023-04-01 2024-03-31 05142864 2022-03-31 05142864 2023-03-31 05142864 2022-04-01 2023-03-31 05142864 frs-core:CurrentFinancialInstruments 2023-03-31 05142864 frs-core:Non-currentFinancialInstruments 2023-03-31 05142864 frs-core:SharePremium 2023-03-31 05142864 frs-core:ShareCapital 2023-03-31 05142864 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31 05142864 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-03-31 05142864 frs-core:Non-currentFinancialInstruments 2 2023-03-31 05142864 frs-core:Non-currentFinancialInstruments 3 2023-03-31 05142864 frs-core:Non-currentFinancialInstruments 4 2023-03-31 05142864 frs-core:CurrentFinancialInstruments 5 2023-03-31 05142864 frs-core:Non-currentFinancialInstruments 5 2023-03-31 05142864 frs-core:CurrentFinancialInstruments 6 2023-03-31 05142864 frs-core:CurrentFinancialInstruments 8 2023-03-31
Registered number: 05142864
A J Investments (Cardiff) Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Xeinadin South Wales & West Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 05142864
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,918,135 2,933,227
Investments 5 295,000 295,000
3,213,135 3,228,227
CURRENT ASSETS
Debtors 6 1,811,298 1,368,487
Cash at bank and in hand 17,496 2,651
1,828,794 1,371,138
Creditors: Amounts Falling Due Within One Year 7 (1,432,687 ) (1,453,560 )
NET CURRENT ASSETS (LIABILITIES) 396,107 (82,422 )
TOTAL ASSETS LESS CURRENT LIABILITIES 3,609,242 3,145,805
Creditors: Amounts Falling Due After More Than One Year 8 (1,557,303 ) (1,134,567 )
NET ASSETS 2,051,939 2,011,238
CAPITAL AND RESERVES
Called up share capital 9 228 228
Share premium account 1,056,826 1,056,826
Fair Value Reserve 10 523,423 538,423
Profit and Loss Account 471,462 415,761
SHAREHOLDERS' FUNDS 2,051,939 2,011,238
Page 1
Page 2
For the year ending 31 March 2024 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.
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 Stephen Jones
Director
Mrs Alison Jones
Director
Mr Andrew Jones
Director
Miss Natalie Kerr
Director
26/07/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
A J Investments (Cardiff) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05142864 . The registered office is Celtic House, Caxton Place, Cardiff, CF23 8HA.
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. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold Investment properties not depreciated
Fixtures & Fittings 20% Straight Line
2.4. 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: 5 (2023: 5)
5 5
Page 3
Page 4
4. Tangible Assets
Land & Property
Freehold Fixtures & Fittings Total
£ £ £
Cost
As at 1 April 2023 2,932,983 17,174 2,950,157
Additions 75,000 - 75,000
Disposals (90,000 ) - (90,000 )
As at 31 March 2024 2,917,983 17,174 2,935,157
Depreciation
As at 1 April 2023 - 16,930 16,930
Provided during the period - 92 92
As at 31 March 2024 - 17,022 17,022
Net Book Value
As at 31 March 2024 2,917,983 152 2,918,135
As at 1 April 2023 2,932,983 244 2,933,227
5. Investments
Listed Other Total
£ £ £
Cost
As at 1 April 2023 35,502 259,498 295,000
As at 31 March 2024 35,502 259,498 295,000
Provision
As at 1 April 2023 - - -
As at 31 March 2024 - - -
Net Book Value
As at 31 March 2024 35,502 259,498 295,000
As at 1 April 2023 35,502 259,498 295,000
6. Debtors
2024 2023
£ £
Due within one year
Harlech Mechanical 35,500 35,500
Loan to SABS Ltd 444,712 92,701
Other Loans - MDA Renewables 137,761 252,761
Loan for Start Bay Developments 1,193,325 987,525
1,811,298 1,368,487
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Page 5
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 84,000 42,867
Corporation tax 18,542 19,340
Other taxes and social security 300 100
Net wages 400 400
Other creditors 3,690 78,690
Accrued expenses 1,620 1,500
Directors' loan accounts 1,324,135 1,310,663
1,432,687 1,453,560
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Principality Bank Loans 804,450 459,684
A J Consulancy Ltd Loans 191,305 185,135
Credit card liability 2,548 2,748
Andrew Comrie - Start Bay investment 559,000 487,000
1,557,303 1,134,567
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 228 228
10. Reserves
Fair Value Reserve
£
As at 1 April 2023 538,423
Movements in fair value reserve (15,000)
As at 31 March 2024 523,423
11. Related Party Transactions
At the date of the balance sheet the company owed the following:
- £191,305 (2023: £185,135 ) to A J Consultancy (Cardiff) Limited, in which the company has participating interests.
 - £1,324,136 (2023: £1,310,663) to the directors and are repayable after more than one year.
At the date of the balance sheet the company was owed the following from companies in which it has participating interests:
- Harlech Mechanical - £35,500 (2023 - £35,500)
- MDA Renewables - £137,761 (2023: £252,761)
- SABS Cardiff Ltd - £444,712 (2023: £92,701)
- Start Bay Development Ltd £1,193,325 (2023: £987,525)
12. Ultimate Controlling Party
The company's ultimate controlling party is Trustees of A J Investments (Cardiff) Limited Business Trust by virtue of his ownership of 224 of the issued share capital in the company.
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