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REGISTERED NUMBER: 13246715 (England and Wales)















Financial Statements

for the Year Ended 31 March 2024

for

AJC Property Holdings Limited

AJC Property Holdings Limited (Registered number: 13246715)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


AJC Property Holdings Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: A E Conway
A J Conway





REGISTERED OFFICE: Chancery House
30 St Johns Road
Woking
Surrey
GU21 7SA





REGISTERED NUMBER: 13246715 (England and Wales)





ACCOUNTANTS: Wilson Partners Limited
Chancery House
30 St Johns Road
Woking
Surrey
GU21 7SA

AJC Property Holdings Limited (Registered number: 13246715)

Statement of Financial Position
31 March 2024

31/3/24 31/3/23
Notes £    £   
FIXED ASSETS
Investment property 5 1,620,000 820,000

CURRENT ASSETS
Debtors 6 7,555 -
Cash at bank 28,527 30,110
36,082 30,110
CREDITORS
Amounts falling due within one year 7 (245,320 ) (161,472 )
NET CURRENT LIABILITIES (209,238 ) (131,362 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,410,762

688,638

CREDITORS
Amounts falling due after more than one
year

8

(1,354,542

)

(600,725

)

PROVISIONS FOR LIABILITIES (5,667 ) (13,211 )
NET ASSETS 50,553 74,702

CAPITAL AND RESERVES
Called up share capital 100 100
Fair Value Reserve 16,995 56,319
Retained earnings 33,458 18,283
50,553 74,702

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

AJC Property Holdings Limited (Registered number: 13246715)

Statement of Financial Position - continued
31 March 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 October 2024 and were signed on its behalf by:





A J Conway - Director


AJC Property Holdings Limited (Registered number: 13246715)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

AJC Property Holdings Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

In assessing the ability of the Company to continue to trade as a going concern, the directors have considered the Company's deficiency of net current assets. Included within current liabilities are loans of £230,076 (2023: £156,383) owed to the directors. Although due on demand, the directors are of the view that demand for repayment of this amount will not be made whilst the Company is in need of the funds to meet its obligations as they fall due.The directors therefore consider it appropriate to prepare the financial statements on a going concern basis.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

AJC Property Holdings Limited (Registered number: 13246715)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. INVESTMENT PROPERTY
Total
£   
Fair value
At 1 April 2023 820,000
Additions 846,868
Revaluations (46,868 )
At 31 March 2024 1,620,000
Net book value
At 31 March 2024 1,620,000
At 31 March 2023 820,000

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2023 69,530
Valuation in 2024 (46,868 )
Cost 1,597,338
1,620,000

If investment property had not been revalued it would have been included at the following historical cost:

31/3/24 31/3/23
£    £   
Cost 1,597,338 750,470

Investment property was valued on an open market basis on 31 March 2024 by the Directors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Trade debtors 7,555 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Trade creditors 394 394
Taxation and social security 3,771 3,015
Other creditors 241,155 158,063
245,320 161,472

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/3/24 31/3/23
£    £   
Bank loans 1,034,790 429,725
Amounts owed to associates 319,752 171,000
1,354,542 600,725

AJC Property Holdings Limited (Registered number: 13246715)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
31/3/24 31/3/23
£    £   
Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 1,034,790 429,725

9. SECURED DEBTS

The following secured debts are included within creditors:

31/3/24 31/3/23
£    £   
Bank loans 1,034,790 429,725

The bank loans are secured by fixed charges over the investment properties.