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REGISTERED NUMBER: 11755329 (England and Wales)


















Unaudited Financial Statements

for the Year Ended 30th April 2024

for

AJS-Rees Developments Limited

AJS-Rees Developments Limited (Registered number: 11755329)






Contents of the Financial Statements
for the Year Ended 30th April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AJS-Rees Developments Limited

Company Information
for the Year Ended 30th April 2024







DIRECTORS: Mr A J Startin
Miss L Shaw





REGISTERED OFFICE: 14a Market Place
Uttoxeter
United Kingdom
Staffordshire
ST14 8HP





REGISTERED NUMBER: 11755329 (England and Wales)





ACCOUNTANTS: Rice & Co Limited
Chartered Accountants
14a Market Place
Uttoxeter
Staffordshire
ST14 8HP

AJS-Rees Developments Limited (Registered number: 11755329)

Balance Sheet
30th April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 15,458 894
Investment property 5 783,360 765,000
798,818 765,894

CURRENT ASSETS
Debtors 6 90,269 36,816
Cash at bank 50,316 201,839
140,585 238,655
CREDITORS
Amounts falling due within one year 7 498,784 568,073
NET CURRENT LIABILITIES (358,199 ) (329,418 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

440,619

436,476

CREDITORS
Amounts falling due after more than one
year

8

(11,345

)

(16,705

)

PROVISIONS FOR LIABILITIES (81,143 ) (73,852 )
NET ASSETS 348,131 345,919

AJS-Rees Developments Limited (Registered number: 11755329)

Balance Sheet - continued
30th April 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 20 20
Fair value reserve 9 234,616 220,847
Retained earnings 113,495 125,052
SHAREHOLDERS' FUNDS 348,131 345,919

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 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.

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 11th November 2024 and were signed on its behalf by:





Mr A J Startin - Director


AJS-Rees Developments Limited (Registered number: 11755329)

Notes to the Financial Statements
for the Year Ended 30th April 2024

1. STATUTORY INFORMATION

AJS-Rees Developments 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. 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 the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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 balance sheet date.


AJS-Rees Developments Limited (Registered number: 11755329)

Notes to the Financial Statements - continued
for the Year Ended 30th April 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1st May 2023 - 2,129 2,129
Additions 12,623 3,200 15,823
At 30th April 2024 12,623 5,329 17,952
DEPRECIATION
At 1st May 2023 - 1,235 1,235
Charge for year 526 733 1,259
At 30th April 2024 526 1,968 2,494
NET BOOK VALUE
At 30th April 2024 12,097 3,361 15,458
At 30th April 2023 - 894 894

AJS-Rees Developments Limited (Registered number: 11755329)

Notes to the Financial Statements - continued
for the Year Ended 30th April 2024

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st May 2023 765,000
Revaluations 18,360
At 30th April 2024 783,360
NET BOOK VALUE
At 30th April 2024 783,360
At 30th April 2023 765,000

Fair value at 30th April 2024 is represented by:
£   
Valuation in 2023 294,462
Valuation in 2024 18,360
Cost 470,538
783,360

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

2024 2023
£    £   
Cost 470,538 470,538

Investment property was valued on an open market basis on 30th April 2024 by the directors of the company .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 62,037 14,656
Other debtors 28,232 22,160
90,269 36,816

AJS-Rees Developments Limited (Registered number: 11755329)

Notes to the Financial Statements - continued
for the Year Ended 30th April 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 4,961 4,148
Trade creditors 51,943 6,407
Taxation and social security 56,039 87,602
Other creditors 385,841 469,916
498,784 568,073

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans 11,345 16,705

9. RESERVES
Fair
value
reserve
£   
At 1st May 2023 220,847
Revaluation of investment property 13,769

At 30th April 2024 234,616

10. RELATED PARTY DISCLOSURES

Included in creditors due within one year is £382,471 (2023 - £351,860) owing to the directors and shareholders of the company. During the year ended 30th April 2024 interest of £24,000 (2023 - £nil) has been paid in respect of these loans. There are no fixed terms for repayment.