Company Registration No. 11190569 (England and Wales)
AJW Properties Ltd
Filleted accounts
for the year ended 29 February 2024
AJW Properties Ltd
Filleted accounts
Contents
AJW Properties Ltd
Company Information
for the year ended 29 February 2024
Directors
Andrew Warren
Katie Warren
Company Number
11190569 (England and Wales)
Registered Office
4 Denison Court
Wavendon Gate
Milton Keynes
MK7 7JF
Accountants
YP Finance
Hawthorne House
17A Hawthorne Drive
Leicester
Leicestershire
LE5 6DL
AJW Properties Ltd
Statement of financial position
as at 29 February 2024
Investment property
199,950
199,950
Cash at bank and in hand
417
259
Creditors: amounts falling due within one year
(4,163)
(1,129)
Net current liabilities
(3,746)
(870)
Total assets less current liabilities
196,204
199,080
Creditors: amounts falling due after more than one year
(207,516)
(208,310)
Net liabilities
(11,312)
(9,230)
Called up share capital
99
99
Profit and loss account
(11,411)
(9,329)
Shareholders' funds
(11,312)
(9,230)
For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 20 November 2024 and were signed on its behalf by
Katie Warren
Director
Company Registration No. 11190569
AJW Properties Ltd
Notes to the Accounts
for the year ended 29 February 2024
AJW Properties Ltd is a private company, limited by shares, registered in England and Wales, registration number 11190569. The registered office is 4 Denison Court, Wavendon Gate, Milton Keynes, MK7 7JF.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Fair value at 1 March 2023
199,950
At 29 February 2024
199,950
AJW Properties Ltd
Notes to the Accounts
for the year ended 29 February 2024
5
Creditors: amounts falling due within one year
2024
2023
6
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
112,516
122,317
Loans from directors
95,000
85,993
Allotted, called up and fully paid:
99 Ordinary shares of £1 each
99
99
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).