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Registered Number: 13730816
England and Wales

 

 

 

A & J ACCOMMODATION LTD


Unaudited Financial Statements
 


Period of accounts

Start date: 01 December 2022

End date: 30 November 2023
Directors Jake Wang
Alfredo Palazzeschi
Registered Number 13730816
Registered Office 61 Bridge Street
Kingston
Heredforshshire
HR5 3DJ
Accountants aa Chartered Accountants
Fenlake House
Fenlake Business Centre
Peterborough
PE1 5BQ
1
Director's report and financial statements
The directors present his/her/their annual report and the financial statements for the year ended 30 November 2023
Principal activities
The company's principal activity during the year was of Other letting and operating of own or leased real estate.
Directors
The directors who served the company throughout the year were as follows:
Jake Wang
Alfredo Palazzeschi
Statement of directors' responsibilities
The directors are responsible for preparing the directors’ report and the financial statements in accordance with applicable law and regulation.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to
  • select suitable accounting policies and then apply them consistently
  • make judgments and accounting estimates that are reasonable and prudent
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business


The directors are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The directors are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

This report was approved by the board and signed on its behalf by:


----------------------------------
Jake Wang
Director

Date approved: 16 October 2024
2
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of A & J Accommodation Ltd for the year ended 30 November 2023 In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of A & J Accommodation Ltd for the year ended 30 November 2023 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the companys accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/members/regulations-standards-and-guidance This report is made solely to the Board of Directors of A & J Accommodation Ltd, as a body, in accordance with the terms of our engagement letter dated 16 October 2024.

Our work has been undertaken solely to prepare for your approval the accounts of A & J Accommodation Ltd and state those matters that we have agreed to state to the Board of Directors of A & J Accommodation Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than A & J Accommodation Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that A & J Accommodation Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of A & J Accommodation Ltd. You consider that A & J Accommodation Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of A & J Accommodation Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts for the period ended 30 November 2023



....................................................
aa Chartered Accountants
Fenlake House
Fenlake Business Centre
Peterborough
PE1 5BQ
16 October 2024
3
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Tangible fixed assets 3 504,108    412,083 
504,108    412,083 
Current assets      
Debtors 4 3,208    1,123 
Cash at bank and in hand 2,824    6,309 
6,032    7,432 
Creditors: amount falling due within one year 5 (226,289)   (170,882)
Net current assets (220,257)   (163,450)
 
Total assets less current liabilities 283,851    248,633 
Creditors: amount falling due after more than one year 6 (317,477)   (252,660)
Net assets (33,626)   (4,027)
 

Capital and reserves
     
Called up share capital 7 2    2 
Profit and loss account (33,628)   (4,029)
Shareholders' funds (33,626)   (4,027)
 


For the year ended 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the board of directors on 16 October 2024 and were signed on its behalf by:


-------------------------------
Jake Wang
Director
4
General Information
A & J Accommodation Ltd is a private company, limited by shares, registered in England and Wales, registration number 13730816, registration address 61 Bridge Street, Kingston , Heredforshshire, HR5 3DJ.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 25% Reducing Balance
Fixtures and Fittings 25% Reducing Balance
Investment properties
Investment properties are properties held to earn rentals and/or for capital appreciation.
Investment properties should be recognised initially at cost and subsequently investment properties are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
2.

Average number of employees including directors

Average number of employees during the year was 2 (2022 : 2).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Fixtures and Fittings   Investment properties   Total
  £   £   £   £
At 01 December 2022 332      411,834    412,166 
Additions   4,963    88,365    93,328 
Disposals      
At 30 November 2023 332    4,963    500,199    505,494 
Depreciation
At 01 December 2022 83        83 
Charge for year 62    1,241      1,303 
On disposals      
At 30 November 2023 145    1,241      1,386 
Net book values
Closing balance as at 30 November 2023 187    3,722    500,199    504,108 
Opening balance as at 01 December 2022 249      411,834    412,083 


4.

Debtors: amounts falling due within one year

2023
£
  2022
£
Prepayments & Accrued Income 2,008    1,123 
Deposits paid 1,200   
3,208    1,123 

5.

Creditors: amount falling due within one year

2023
£
  2022
£
Trade Creditors 5,269    5,269 
Amounts Owed to Participating Interests   1,472 
Accrued Expenses   1,560 
Jake & Co Capital Ltd 5,000    11,000 
Bridgnect Co Limited 28,750   
Director Loan Account: Jake Wang 52,028    20,468 
Director Loan Account: Alfredo Palazzeschi 135,242    131,113 
226,289    170,882 

6.

Creditors: amount falling due after more than one year

2023
£
  2022
£
Bank Loans & Overdrafts (secured) 317,477    252,660 
317,477    252,660 

7.

Share Capital

Allotted, called up and fully paid
2023
£
  2022
£
2 Class A shares of £1.00 each  
 

8.

Director loan

The directors have advanced to and have been advanced monies by company during the year. The balance of Jake Wang and Alfredo Palazzeschi as at 30 November 2023 is £52,028 (£20,468 - 2022) and £135,242 (£131,113 - 2022) respectively.
9.

Related Party

The company was was involved in related party transactions with Bridgnect Co., Limited, Jake & Co Capital Limited and Jake & Co Properties Ltd during the year. Jake Wang is also a director for above companies however as of 30 November 2023, A & J Accommodation owed Brignect Co., Limited £28,750 (£1,472 - 2022) and Jake & Co Capital Limited £5,000 (£11,000 - 2022). 
10.

Other loans - Security

The loans included in other loans are secured against the properties.
5