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REGISTERED NUMBER: 12801224 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

FOR

AJH ESTATES LIMITED

AJH ESTATES LIMITED (REGISTERED NUMBER: 12801224)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AJH ESTATES LIMITED

COMPANY INFORMATION
for the year ended 31 August 2024







DIRECTOR: Mr A A Hassan





REGISTERED OFFICE: 19-20 Bourne Court
Southend Road
Woodford Green
Essex
IG8 8HD





REGISTERED NUMBER: 12801224 (England and Wales)





ACCOUNTANTS: Raffingers LLP
Chartered Certified Accountants
19-20 Bourne Court
Southend Road
Woodford Green
Essex
IG8 8HD

AJH ESTATES LIMITED (REGISTERED NUMBER: 12801224)

BALANCE SHEET
31 August 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 3,230,000 4,355,000

CURRENT ASSETS
Debtors 5 3,950 147,339
Cash at bank and in hand 914,867 116,136
918,817 263,475
CREDITORS
Amounts falling due within one year 6 287,463 327,945
NET CURRENT ASSETS/(LIABILITIES) 631,354 (64,470 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,861,354

4,290,530

CREDITORS
Amounts falling due after more than one year 7 (1,984,898 ) (2,604,784 )

PROVISIONS FOR LIABILITIES (55,000 ) (55,000 )
NET ASSETS 1,821,456 1,630,746

CAPITAL AND RESERVES
Called up share capital 200 200
Share premium 1,511,700 1,511,700
Revaluation reserve 165,000 165,000
Retained earnings 144,556 (46,154 )
1,821,456 1,630,746

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

AJH ESTATES LIMITED (REGISTERED NUMBER: 12801224)

BALANCE SHEET - continued
31 August 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 director and authorised for issue on 4 November 2024 and were signed by:





Mr A A Hassan - Director


AJH ESTATES LIMITED (REGISTERED NUMBER: 12801224)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 August 2024

1. STATUTORY INFORMATION

AJH Estates 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.

The accounts have been prepared on thegoingconcernbasis as the director is of the opinion that the company will meet its liabilities as and when due, due to the continued support of the director.

Investment property
Investment properties are properties held to earn rentals and for capital appreciation. Investment properties are initially measured at cost, including transaction costs. 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.

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.

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.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transactions costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

Short term debtors and creditors
Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

AJH ESTATES LIMITED (REGISTERED NUMBER: 12801224)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 August 2024

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2023 4,355,000
Disposals (1,125,000 )
At 31 August 2024 3,230,000
NET BOOK VALUE
At 31 August 2024 3,230,000
At 31 August 2023 4,355,000

Investment property was valued on an open market basis as on 31 August 2024 by the director.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 3,950 147,339

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 245 -
Taxation and social security 15,478 -
Other creditors 271,740 327,945
287,463 327,945

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 1,984,898 2,604,784

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans 1,894,508 2,430,491

AJH ESTATES LIMITED (REGISTERED NUMBER: 12801224)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 August 2024

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 1,984,898 2,604,784

The bank loans are secured on the company’s investment properties.

9. RELATED PARTY DISCLOSURES

At the balance sheet date the company owed £163,815 (2023: the company was owed £143,389) to/(by) Hasco Limited, a company with common control. At the previous balance sheet date, the company owed £67,969 to Manorlodge Enterprises Limited, a company jointly controlled by Mr A A Hassan.

At the balance sheet date, the company owed the director £96,025 (2023: £262,274).