Registration number:
AJM Property Letting Limited
for the Year Ended 31 December 2023
AJM Property Letting Limited
(Registration number: 10138991)
Balance Sheet as at 31 December 2023
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2023 |
2022 |
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Fixed assets |
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Tangible assets |
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Investment properties |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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( |
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Net current assets |
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Total assets less current liabilities |
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Provisions for liabilities |
( |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Share premium reserve |
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Fair value reserve |
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Profit and loss account |
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Shareholders' funds |
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AJM Property Letting Limited
(Registration number: 10138991)
Balance Sheet as at 31 December 2023 (continued)
For the financial 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.
Directors' responsibilities:
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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 delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Directors' Report and the Profit and Loss Account has been taken.
.........................................
Director
AJM Property Letting Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023
Accounting policies |
Statutory information
AJM Property Letting Limited is a private company, limited by shares, domiciled in England and Wales, company number 10138991. The registered office is at 57 City Road, Sheffield, S2 5HE.
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. The presentation currency is United Kingdom pounds sterling, which is the functional currency of the company. The financial statements are those of an individual entity.
Going concern
After due consideration of all relevant factors, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the annual report and accounts.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the rental of the company's investment properties. Revenue is recognised on a straight line basis over the lease terms.
Tax
The tax expense for the period comprises current 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 income 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.
Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.
AJM Property Letting Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023 (continued)
1 |
Accounting policies (continued) |
Tangible assets
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Investment Properties
Financial instruments
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
AJM Property Letting Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023 (continued)
Tangible assets |
Motor vehicles |
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Cost |
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At 1 January 2023 |
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At 31 December 2023 |
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Depreciation |
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At 1 January 2023 |
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Charge for the year |
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At 31 December 2023 |
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Carrying amount |
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At 31 December 2023 |
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At 31 December 2022 |
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Investment properties |
Valuation |
£ |
At 1 January and 31 December 2023 |
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The directors consider that investment properties are stated at fair value based on a professional valuation undertaken during the previous year.
Debtors |
2023 |
2022 |
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Trade debtors |
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Other debtors |
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AJM Property Letting Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023 (continued)
Creditors |
Creditors: amounts falling due within one year
2023 |
2022 |
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Trade creditors |
- |
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Taxation and social security |
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Accruals and deferred income |
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Other creditors |
3,965 |
22,275 |
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Related party transactions |
During previous years the company has provided interest free loans to Jutrad Limited, a company in which the directors, A C Manfredi and J D Manfredi are directors and shareholders. The amount due to the company at the balance sheet date was £70,000 (2022: £70,000).
During the year the company has provided an interest free loan of £1,263 (2022: £53,103) to New Comp Limited, a company in which the directors, A C Manfredi and J D Manfredi are directors. The amount due to the company at the balance sheet date was £54,366 (2022: £53,103).
During the year Mr J D & Mr A C Manfredi, who are both directors of the company, received advances totalling £11,231 (2022: £Nil). At the year end date the balance due to the company was £11,231 (2022: Due from the company £22,275).