REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 29 February 2024 |
for |
AJMERA (MILL HOUSE) LTD |
REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 29 February 2024 |
for |
AJMERA (MILL HOUSE) LTD |
AJMERA (MILL HOUSE) LTD (Registered number: 10015254) |
Contents of the Financial Statements |
for the Year Ended 29 February 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
AJMERA (MILL HOUSE) LTD |
Company Information |
for the Year Ended 29 February 2024 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
20 egerton Close, |
Pinner |
Middlesex |
HA5 2LP |
AJMERA (MILL HOUSE) LTD (Registered number: 10015254) |
Balance Sheet |
29 February 2024 |
29.2.24 | 28.2.23 |
Notes | £ | £ |
CURRENT ASSETS |
Stocks |
Debtors | 4 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 5 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
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. |
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 |
AJMERA (MILL HOUSE) LTD (Registered number: 10015254) |
Notes to the Financial Statements |
for the Year Ended 29 February 2024 |
1. | STATUTORY INFORMATION |
AJMERA (MILL HOUSE) LTD is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Stocks |
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. |
The cost of finished goods and work-in-progress comprises direct materials, and where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately 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. |
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 |
4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
29.2.24 | 28.2.23 |
£ | £ |
Amounts owed by group undertakings |
Other debtors |
AJMERA (MILL HOUSE) LTD (Registered number: 10015254) |
Notes to the Financial Statements - continued |
for the Year Ended 29 February 2024 |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
29.2.24 | 28.2.23 |
£ | £ |
Trade creditors | ( |
) |
Amounts owed to group undertakings |
Other creditors |
6. | SECURED DEBTS |
The following secured debts are included within creditors: |
29.2.24 | 28.2.23 |
£ | £ |
7. | RELATED PARTY DISCLOSURES |
The company was under the control of Mr D Ajmera and Mr T Patel throughout the current year. |
The company was owed £700 (2023: £700) by Ajmera (Gold Hawk) Ltd., a company under common control of the directors. |
The company owed £359,800 (2023: £359,800) to its parent company, Ajmera UK Development LLP Ltd. |
Included within the creditors falling due within one year is an advance of £918,752 (2023: £919,252) from |
Ajmera (Kingston) Ltd., an entity having common directors. |
Included within the debtors falling due within one year is an advance of £906,382 (2023: £654,098) to Ajmera Corporation UK Ltd, an entity having common directors. |
No other transactions with related parties were undertaken such as are required to be disclosed under Financial Reporting Standard 8. |
8. | ULTIMATE CONTROLLING PARTY |
The company's parent undertaking is Ajmera UK Development LLP, a limited liability partnership registered in England and Wales, and the ultimate parent undertaking is Ajmera Realty and Infra India Ltd, a company incorporated and trading in India. |