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COMPANY REGISTRATION NUMBER: 11345865
A.J.L. Holdings Norfolk Limited
Unaudited financial statements
30 September 2024
A.J.L. Holdings Norfolk Limited
Statement of financial position
30 September 2024
2024
2023
Note
£
£
£
£
Fixed assets
Tangible assets
5
1,066,115
1,066,115
Current assets
Debtors
6
8,278
7,152
Cash at bank and in hand
166,243
27,688
---------
-------
174,521
34,840
Creditors: Amounts falling due within one year
7
( 23,411)
( 108,571)
---------
---------
Net current assets/(liabilities)
151,110
( 73,731)
-----------
-----------
Total assets less current liabilities
1,217,225
992,384
Accruals and deferred income
( 1,550)
( 1,475)
-----------
---------
Net assets
1,215,675
990,909
-----------
---------
Capital and reserves
Called up share capital
8
53
53
Profit and loss account
1,215,622
990,856
-----------
---------
Shareholders funds
1,215,675
990,909
-----------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 5 February 2025 , and are signed on behalf of the board by:
Mr A Baker
Director
Company registration number: 11345865
A.J.L. Holdings Norfolk Limited
Notes to the financial statements
Year ended 30 September 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Bankside 300, Peachman Way, Broadland Business Park, Norwich, NR7 0LB, United Kingdom. The trading address of the company is Brick Kiln Works, Brick Kiln Lane, Morningthorpe, Norfolk, NR15 2LH.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Consolidation
The entity has taken advantage of the option not to prepare consolidated financial statements contained in Section 399 of the Companies Act 2006 on the basis that the entity and its subsidiary undertakings comprise a small group.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for rental income, net of discounts and Value Added Tax. Revenue from rental income is recognised over the period of occupation on a straight line basis.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Depreciation of £nil has been charged on the property held by the company as the director considers that the net realisable value of these assets is at least equal to cost.
4. Employee numbers
The average number of employees during the year was 1 (2023: 1 ).
5. Tangible assets
Freehold property
£
Cost
At 1 October 2023 and 30 September 2024
1,066,115
-----------
Depreciation
At 1 October 2023 and 30 September 2024
-----------
Carrying amount
At 30 September 2024
1,066,115
-----------
At 30 September 2023
1,066,115
-----------
6. Debtors
2024
2023
£
£
Trade debtors
1,750
Amounts owed by group undertakings
6,475
Prepayments and accrued income
7,099
Other debtors
53
53
------
------
8,278
7,152
------
------
7. Creditors: Amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
35,964
Trade creditors
4,195
Amounts owed to group undertakings and undertakings in which the company has a participating interest
61,036
Social security and other taxes
19,216
11,571
-------
---------
23,411
108,571
-------
---------
8. Called up share capital
Issued, called up and fully paid
2024
2023
No.
£
No.
£
Ordinary shares of £ 1 each
53
53
53
53
----
----
----
----
9. Contingencies
There is a cross guarantee in favour of National Westminster Bank, between A.J.L. Holdings Limited and Colorcote (Norfolk) Limited. At 30 September 2024, the total exposure for the company under the guarantee was £nil (2023: £nil).