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REGISTERED NUMBER: 04867363 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 August 2024

for

AJJ Properties Limited

AJJ Properties Limited (Registered number: 04867363)






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


AJJ Properties Limited

Company Information
for the year ended 31 August 2024







DIRECTORS: Mr A J Schwarz
Dr J Powell





SECRETARY: Mr A J Schwarz





REGISTERED OFFICE: Clayton and Brewill
Cawley House
149-155 Canal Street
Nottingham
Nottinghamshire
NG1 7HR





REGISTERED NUMBER: 04867363 (England and Wales)





ACCOUNTANTS: Clayton & Brewill
Chartered Accountants
Cawley House
149-155 Canal Street
Nottingham
Nottinghamshire
NG1 7HR

AJJ Properties Limited (Registered number: 04867363)

Balance Sheet
31 August 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,445 1,806
Investment property 5 1,500,000 484,131
1,501,445 485,937

CURRENT ASSETS
Debtors 6 560 2,307
Cash at bank and in hand 21,878 10,302
22,438 12,609
CREDITORS
Amounts falling due within one year 7 34,438 54,393
NET CURRENT LIABILITIES (12,000 ) (41,784 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,489,445

444,153

CREDITORS
Amounts falling due after more than
one year

8

(432,990

)

(442,640

)

PROVISIONS FOR LIABILITIES (224,518 ) -

ACCRUALS AND DEFERRED INCOME (3,368 ) (3,405 )
NET ASSETS/(LIABILITIES) 828,569 (1,892 )

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 10 673,554 -
Retained earnings 154,915 (1,992 )
SHAREHOLDERS' FUNDS 828,569 (1,892 )

AJJ Properties Limited (Registered number: 04867363)

Balance Sheet - continued
31 August 2024


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 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.

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 Board of Directors and authorised for issue on 22 November 2024 and were signed on its behalf by:





Mr A J Schwarz - Director


AJJ Properties Limited (Registered number: 04867363)

Notes to the Financial Statements
for the year ended 31 August 2024

1. STATUTORY INFORMATION

AJJ Properties 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.

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 as modified by the revaluation of certain assets.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost

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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 September 2023
and 31 August 2024 29,255
DEPRECIATION
At 1 September 2023 27,449
Charge for year 361
At 31 August 2024 27,810
NET BOOK VALUE
At 31 August 2024 1,445
At 31 August 2023 1,806

AJJ Properties Limited (Registered number: 04867363)

Notes to the Financial Statements - continued
for the year ended 31 August 2024

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2023 601,928
Revaluations 898,072
At 31 August 2024 1,500,000
DEPRECIATION
At 1 September 2023 117,797
Revaluation adjustments (117,797 )
At 31 August 2024 -
NET BOOK VALUE
At 31 August 2024 1,500,000
At 31 August 2023 484,131

Fair value at 31 August 2024 is represented by:
£   
Valuation in 2024 898,072
Cost 601,928
1,500,000

If investment properties had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 796,081 796,081

Investment properties were valued on an open market basis on 31 August 2014 by the directors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 560 2,307

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 648 1,009
Corporation tax 5,417 -
Other creditors 9,088 13,999
Directors' current accounts 19,285 39,385
34,438 54,393

AJJ Properties Limited (Registered number: 04867363)

Notes to the Financial Statements - continued
for the year ended 31 August 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other loans - 9,900
Mortgage loan account 432,990 432,740
432,990 442,640

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Mortgage loan account 432,990 432,740

A deed of charge was registered over 59 Windermere Road, Forest Fields, Nottingham, NG7 6HL on 25th September 2019.

A deed of charge was registered over 83-85 Waterloo Crescent, Nottingham, NG7 4AX on 27th February 2004.

10. RESERVES
Fair
value
reserve
£   
Surplus on revaluation during the year 673,554

At 31 August 2024 673,554