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REGISTERED NUMBER: 08704518 (England and Wales)









Unaudited Financial Statements

for the Year Ended

31 December 2023

for

AJMT Limited

AJMT Limited (Registered number: 08704518)






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




Page

Balance Sheet 1

Notes to the Financial Statements 3


AJMT Limited (Registered number: 08704518)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 4 760,491 411,870

CURRENT ASSETS
Debtors 5 34,346 2,040
Investments 6 74,739 74,739
Cash at bank and in hand 18,561 160,769
127,646 237,548
CREDITORS
Amounts falling due within one year 7 27,097 22,638
NET CURRENT ASSETS 100,549 214,910
TOTAL ASSETS LESS CURRENT
LIABILITIES

861,040

626,780

PROVISIONS FOR LIABILITIES 13,182 -
NET ASSETS 847,858 626,780

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 847,758 626,680
SHAREHOLDERS' FUNDS 847,858 626,780

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.

AJMT Limited (Registered number: 08704518)

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 Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 September 2024 and were signed on its behalf by:





AJM Thornton - Director


AJMT Limited (Registered number: 08704518)

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

1. STATUTORY INFORMATION

AJMT Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 08704518

Registered office: 4315 Park Approach
Thorpe Park
Leeds
West Yorkshire
LS15 8GB

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 UK and Republic of Ireland" and the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to give a true and fair view.

The financial statements have been prepared under the historical cost convention modified to include certain items at fair value.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts and value added tax.

Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable.

Financial instruments
Financial assets and financial liabilities are recognised when the company becomes a 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.

All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit and loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Other debtors, cash and bank balances and other creditors are classified as basic financial instruments and are measured at the amortised cost equivalent to the undiscounted amount of cash or other consideration expected to be paid or received.


AJMT Limited (Registered number: 08704518)

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

2. ACCOUNTING POLICIES - continued
Taxation
Current tax, including UK corporation tax is provided at amounts expected to be paid (or recovered) using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events that result in an obligation to pay more tax in the future or a right to pay less tax in the future have occurred at the balance sheet date. Timing differences are differences between the company's taxable profits and its results as stated in the financial statements that arise from the inclusion of gains and losses in tax assessments in periods different from those in which they are recognised in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that, on the basis of all available evidence, it can be regarded as more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date and are expected to apply to the reversal of the timing difference.

Current tax assets and liabilities are offset only when there is a legally enforceable right to set off the amounts and the company intends either to settle on a net basis or to realise the asset and settle the liability simultaneously.

Deferred tax assets and liabilities are offset only if: (a) the company has a legally enforceable right to set off current tax assets against current liabilities; and (b) the deferred tax assets and deferred tax liabilities relate to income taxes levied by the same tax authority on either the same taxable entity or different taxable entities which intend either to settle current tax liabilities and assets on a net basis, or to realise the assets and settle the liabilities simultaneously, in each future period in which significant amounts of deferred tax liabilities or assets are expected to be settled or recovered.

Impairment of assets
Assets, other than those measured at fair value, are assessed for indicators of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit and loss as described below.

Non financial assets
An asset is impaired when there is objective evidence that, as a result of one or more events that occurred after initial recognition, the estimated recoverable value of the asset has been reduced. The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use.

Financial assets
For financial assets carried at cost less impairment, the impairment loss is the difference between the asset's carrying amount and the best estimate of the amount that would be received for the asset if it were sold at the reporting date.

Where indicators exist for a decrease in impairment loss, and the decrease can be related objectively to an event occurring after the impairment was recognised, the prior impairment loss is tested to determine reversal. An impairment loss is reversed on an individual impaired financial asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had impairment not been recognised.

AJMT Limited (Registered number: 08704518)

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

2. ACCOUNTING POLICIES - continued

Investments
Fixed asset investments include interest in other participating interests which are included at cost less impairment.

Fixed asset investments also include listed investments held at fair value. The (gain)/loss on revaluation is recognised through the profit and loss statement. Investments listed on a recognised stock exchange are valued at the mid-market value at the balance sheet date.

Current asset investments comprise unlisted shares which are included at cost less impairment.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. FIXED ASSET INVESTMENTS
Interest
in other
participating Other
interests investments Totals
£    £    £   
COST OR VALUATION
At 1 January 2023 111,685 392,185 503,870
Additions - 550,469 550,469
Disposals - (264,783 ) (264,783 )
Revaluations - 62,960 62,960
At 31 December 2023 111,685 740,831 852,516
PROVISIONS
At 1 January 2023 92,000 - 92,000
Provision for year 25 - 25
At 31 December 2023 92,025 - 92,025
NET BOOK VALUE
At 31 December 2023 19,660 740,831 760,491
At 31 December 2022 19,685 392,185 411,870

Cost or valuation at 31 December 2023 is represented by:

Interest
in other
participating Other
interests investments Totals
£    £    £   
Valuation in 2023 - 61,551 61,551
Cost 111,685 679,280 790,965
111,685 740,831 852,516

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 34,346 2,040

AJMT Limited (Registered number: 08704518)

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

6. CURRENT ASSET INVESTMENTS
2023 2022
£    £   
Unlisted investments 74,739 74,739

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed to participating interests 10,345 1,828
Tax 452 (49 )
Directors' loan accounts - 6,889
Accruals and deferred income 16,300 13,970
27,097 22,638

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
50 A Ordinary £1 50 50
50 B Ordinary £1 50 50
100 100

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Amounts owed to the company at the year end by the directors on interest free loans is £34,346 (£6,889 amounts owed to the directors in 2022). All amounts have been repaid within 9 months of the year end.