Company Registration No. 11968826 (England and Wales)
Ajd Tiverton Ltd
Unaudited accounts
for the year ended 31 March 2024
Ajd Tiverton Ltd
Unaudited accounts
Contents
Ajd Tiverton Ltd
Company Information
for the year ended 31 March 2024
Director
William Keith Moss
Company Number
11968826 (England and Wales)
Registered Office
Flat 20
41-43 Belsize Avenue
London
London
NW3 4BN
England
Accountants
Warwick McArdle
55 Ellerton Road
London
SW18 3NQ
Ajd Tiverton Ltd
Statement of financial position
as at 31 March 2024
Inventories
1,713,238
1,713,238
Cash at bank and in hand
6,844
10,116
Creditors: amounts falling due within one year
(8,446)
(4,974)
Net current assets
1,723,374
1,726,364
Total assets less current liabilities
1,723,374
1,726,364
Creditors: amounts falling due after more than one year
(2,085,457)
(2,045,996)
Net liabilities
(362,083)
(319,632)
Called up share capital
200
200
Profit and loss account
(362,283)
(319,832)
Shareholders' funds
(362,083)
(319,632)
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 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 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 and authorised for issue on 30 September 2024 and were signed on its behalf by
William Keith Moss
Director
Company Registration No. 11968826
Ajd Tiverton Ltd
Notes to the Accounts
for the year ended 31 March 2024
Ajd Tiverton Ltd is a private company, limited by shares, registered in England and Wales, registration number 11968826. The registered office is Flat 20, 41-43 Belsize Avenue, London, London, NW3 4BN, 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.
The accounts are presented in £ sterling.
AJD Tiverton Ltd is a property development company engaged in a Joint Venture Partnership with Palmerston Securities Limited. Prior to 2023, AJD Tiverton Ltd reflected 50% of the income and costs of its operation in the profit and loss account but during 2023, the directors decided to reflect the full income and costs within the entity to more accruately reflect the nature of its financial situation. An adjustment has been made in 2023 to reflect the new policy from incorporation.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
Amounts falling due within one year
Accrued income and prepayments
11,738
6,177
5
Creditors: amounts falling due within one year
2024
2023
Loans from directors
125
-
Deferred income
4,262
3,574
Ajd Tiverton Ltd
Notes to the Accounts
for the year ended 31 March 2024
6
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
1,529,312
1,530,995
Other creditors
556,145
513,681
Loans from directors
-
1,320
Allotted, called up and fully paid:
200 Ordinary shares of £1 each
200
200
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).