2023-03-012024-02-292024-02-29false10640836AJC ENTERPRISE INVESTMENT 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AJC ENTERPRISE INVESTMENT LTD

Registered Number
10640836
(England and Wales)

Unaudited Financial Statements for the Year ended
29 February 2024

AJC ENTERPRISE INVESTMENT LTD
Company Information
for the year from 1 March 2023 to 29 February 2024

Directors

CLANFORD, Piers Martin
CLANFORD, Samantha

Registered Address

1 Gemini Court
42a Throwley Way
Sutton
SM1 4AF

Registered Number

10640836 (England and Wales)
AJC ENTERPRISE INVESTMENT LTD
Statement of Financial Position
29 February 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets3741-
Investment property41,317,7311,291,237
1,318,4721,291,237
Current assets
Debtors56,9614,925
Cash at bank and on hand15,33617,777
22,29722,702
Creditors amounts falling due within one year6(492,303)(484,170)
Net current assets (liabilities)(470,006)(461,468)
Total assets less current liabilities848,466829,769
Creditors amounts falling due after one year7(877,994)(877,178)
Net assets(29,528)(47,409)
Capital and reserves
Called up share capital120120
Profit and loss account(29,648)(47,529)
Shareholders' funds(29,528)(47,409)
The financial statements were approved and authorised for issue by the Board of Directors on 12 November 2024, and are signed on its behalf by:
CLANFORD, Piers Martin
Director
CLANFORD, Samantha
Director

Registered Company No. 10640836
AJC ENTERPRISE INVESTMENT LTD
Notes to the Financial Statements
for the year ended 29 February 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Going concern
The Directors are aware of their responsibilities whilst trading insolvent. The Insolvency position is covered by the Directors loan.
Turnover policy
Turnover represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Reducing balance (%)
Fixtures and fittings25
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 & loss.
2.Average number of employees

20242023
Average number of employees during the year20
3.Tangible fixed assets

Fixtures & fittings

Total

££
Cost or valuation
Additions988988
At 29 February 24988988
Depreciation and impairment
Charge for year247247
At 29 February 24247247
Net book value
At 29 February 24741741
At 28 February 23--
4.Investment property
The fair value of the investment property has been arrived at on the basis of a valuation made by the directors on an open market value basis by reference to market evidence of transaction prices for similar properties.

£
Fair value at 01 March 231,291,237
Additions26,494
At 29 February 241,317,731
5.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables-3,119
Other debtors6,9611,806
Total6,9614,925
6.Creditors: amounts due within one year

2024

2023

££
Other creditors489,782482,022
Accrued liabilities and deferred income2,5212,148
Total492,303484,170
7.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts877,994877,178
Total877,994877,178
8.Creditors: amounts due after 5 years
Repayable otherwise than by instalments Bank Loans more 5 yrs non-inst £877,994 (2024), £877,178 (2023)
9.Further information regarding the company's financial position
The company has charges with the following: Paragon Bank PLC Paragon Mortgages (2010) Limited Onesavings Bank PLC