Registration number:
AMJO Investments Ltd
for the Year Ended 31 March 2024
AMJO Investments Ltd
(Registration number: 11880971)
Balance Sheet as at 31 March 2024
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2023 |
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Fixed assets |
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Investment properties |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net current liabilities |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Shareholders' funds |
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For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Directors' Report and the Profit and Loss Account has been taken.
These financial statements, which have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A Small Entities, were approved and authorised for issue by the
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Director
AMJO Investments Ltd
Notes to the Financial Statements for the Year Ended 31 March 2024
Accounting policies |
Statutory information
AMJO Investments Ltd is a private company, limited by shares, domiciled in England and Wales, company number 11880971. The registered office is at Abbeydale Cottage Nursery, Abbeydale Road South, Dore, Sheffield, S17 3LJ.
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value. The presentation currency is United Kingdom pounds sterling, which is the functional currency of the company. The financial statements are those of an individual entity.
Revenue recognition
Turnover represents the income arising from property lettings. Revenue is recognised on a straight line basis over the lease term.
Tax
The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Investment properties
AMJO Investments Ltd
Notes to the Financial Statements for the Year Ended 31 March 2024 (continued)
1 |
Accounting policies (continued) |
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Financial instruments
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Investment properties |
Valuation |
£ |
At 1 April 2023 |
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Additions |
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At 31 March 2024 |
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The investment properties were valued by the directors as at 31 March 2024. The basis of this valuation was existing use basis. The investment properties have a current value of £636,806 and a carrying amount at historical cost of £636,806.
Debtors |
2024 |
2023 |
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Prepayments and accrued income |
1,078 |
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AMJO Investments Ltd
Notes to the Financial Statements for the Year Ended 31 March 2024 (continued)
Creditors |
2024 |
2023 |
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Due within one year |
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Bank borrowings |
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Taxation and social security |
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Accruals and deferred income |
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Other creditors |
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2024 |
2023 |
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Due after one year |
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Bank borrowings |
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The bank borrowings are secured on the company's assets.
2024 |
2023 |
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Due after more than five years |
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After more than five years by instalments |
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Related party transactions |
Other creditors includes an amount of £57,166 (2023 - £55,996) owed to Abbeydale Cottage Nursery Limited, a company in which J L Curphey and A R Ricardo are also directors. This loan is interest free. Other creditors includes an amount of £490,329 (2023 : £329) owed to the directors. The loan is interest free.