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REGISTERED NUMBER: 04661322 (England and Wales)















ACJ PROPERTY LIMITED

Unaudited Financial Statements

for the Year Ended 29 February 2024






ACJ PROPERTY LIMITED (REGISTERED NUMBER: 04661322)






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


ACJ PROPERTY LIMITED

Company Information
for the Year Ended 29 February 2024







DIRECTOR: R Hooper-Nash





REGISTERED OFFICE: 9a Royal Buildings
Victoria Road
Penarth
Vale of Glamorgan
CF64 3ED





REGISTERED NUMBER: 04661322 (England and Wales)





ACCOUNTANTS: O'Brien and Partners
Accountants & Business Advisors
Highdale House
7 Centre Court
Treforest Industrial Estate
Pontypridd
Rhondda Cynon Taff
CF37 5YR

ACJ PROPERTY LIMITED (REGISTERED NUMBER: 04661322)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 67,551 95,196
Tangible assets 5 42,159 14,131
109,710 109,327

CURRENT ASSETS
Debtors 6 1,442,537 1,295,338
Cash at bank and in hand 73,169 114,253
1,515,706 1,409,591
CREDITORS
Amounts falling due within one year 7 82,905 111,885
NET CURRENT ASSETS 1,432,801 1,297,706
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,542,511

1,407,033

CAPITAL AND RESERVES
Called up share capital 101 101
Retained earnings 1,542,410 1,406,932
1,542,511 1,407,033

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

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 28 November 2024 and were signed by:





R Hooper-Nash - Director


ACJ PROPERTY LIMITED (REGISTERED NUMBER: 04661322)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Acj Property 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.

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

Goodwill
Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair vale of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 20 years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2023 - 15 ) .

ACJ PROPERTY LIMITED (REGISTERED NUMBER: 04661322)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 March 2023
and 29 February 2024 505,899 19,245 525,144
AMORTISATION
At 1 March 2023 410,703 19,245 429,948
Charge for year 27,645 - 27,645
At 29 February 2024 438,348 19,245 457,593
NET BOOK VALUE
At 29 February 2024 67,551 - 67,551
At 28 February 2023 95,196 - 95,196

5. TANGIBLE FIXED ASSETS
Fixtures
Long and Motor
leasehold fittings vehicles Totals
£    £    £    £   
COST
At 1 March 2023 20,726 137,330 44,757 202,813
Additions 32,623 5,607 - 38,230
At 29 February 2024 53,349 142,937 44,757 241,043
DEPRECIATION
At 1 March 2023 20,659 134,832 33,191 188,682
Charge for year 4,136 3,175 2,891 10,202
At 29 February 2024 24,795 138,007 36,082 198,884
NET BOOK VALUE
At 29 February 2024 28,554 4,930 8,675 42,159
At 28 February 2023 67 2,498 11,566 14,131

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 43,392 -
Amounts owed by group undertakings 1,389,936 1,274,782
Other debtors 9,209 20,556
1,442,537 1,295,338

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade creditors 4,412 743
Taxation and social security 73,338 108,566
Other creditors 5,155 2,576
82,905 111,885

ACJ PROPERTY LIMITED (REGISTERED NUMBER: 04661322)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 29 February 2024 and 28 February 2023:

29.2.24 28.2.23
£    £   
R Hooper-Nash
Balance outstanding at start of year - -
Amounts advanced 16,016 -
Amounts repaid (10,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 6,016 -