2023-04-012024-03-312024-03-31false10788955AJALA PROPERTIES 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AJALA PROPERTIES LTD

Registered Number
10788955
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2024

AJALA PROPERTIES LTD
Company Information
for the year from 1 April 2023 to 31 March 2024

Director

AJALA, Benjamin

Registered Address

320 City Road
London
EC1V 2NZ

Registered Number

10788955 (England and Wales)
AJALA PROPERTIES LTD
Balance Sheet as at
31 March 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Intangible assets340,60840,608
Tangible assets41,663,7971,794,797
1,704,4051,835,405
Current assets
Debtors10,00010,000
Cash at bank and on hand7,7637,875
17,76317,875
Creditors amounts falling due within one year(334,258)(272,966)
Net current assets (liabilities)(316,495)(255,091)
Total assets less current liabilities1,387,9101,580,314
Creditors amounts falling due after one year(1,604,290)(1,662,198)
Net assets(216,380)(81,884)
Capital and reserves
Called up share capital100100
Profit and loss account(216,480)(81,984)
Shareholders' funds(216,380)(81,884)
The financial statements were approved and authorised for issue by the Director on 24 December 2024, and are signed on its behalf by:
AJALA, Benjamin
Director
Registered Company No. 10788955
AJALA PROPERTIES LTD
Notes to the Financial Statements
for the year ended 31 March 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Intangible assets
Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:
2.Average number of employees

20242023
Average number of employees during the year11
3.Intangible assets

Total

£
Cost or valuation
At 01 April 2340,608
At 31 March 2440,608
Net book value
At 31 March 2440,608
At 31 March 2340,608
4.Tangible fixed assets

Total

£
Cost or valuation
At 01 April 231,794,797
Additions(131,000)
At 31 March 241,663,797
Net book value
At 31 March 241,663,797
At 31 March 231,794,797