Caseware UK (AP4) 2024.0.164 2024.0.164 2023-10-01falseNo description of principal activity11falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 06685284 2023-10-01 2024-09-30 06685284 2022-10-01 2023-09-30 06685284 2024-09-30 06685284 2023-09-30 06685284 c:Director1 2023-10-01 2024-09-30 06685284 d:OfficeEquipment 2023-10-01 2024-09-30 06685284 d:LeaseholdInvestmentProperty 2024-09-30 06685284 d:LeaseholdInvestmentProperty 2023-09-30 06685284 d:CurrentFinancialInstruments 2024-09-30 06685284 d:CurrentFinancialInstruments 2023-09-30 06685284 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 06685284 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 06685284 d:ShareCapital 2024-09-30 06685284 d:ShareCapital 2023-09-30 06685284 d:InvestmentPropertiesRevaluationReserve 2024-09-30 06685284 d:InvestmentPropertiesRevaluationReserve 2023-09-30 06685284 d:RetainedEarningsAccumulatedLosses 2024-09-30 06685284 d:RetainedEarningsAccumulatedLosses 2023-09-30 06685284 c:OrdinaryShareClass1 2023-10-01 2024-09-30 06685284 c:OrdinaryShareClass1 2024-09-30 06685284 c:OrdinaryShareClass1 2023-09-30 06685284 c:FRS102 2023-10-01 2024-09-30 06685284 c:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 06685284 c:FullAccounts 2023-10-01 2024-09-30 06685284 c:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 06685284 d:AcceleratedTaxDepreciationDeferredTax 2024-09-30 06685284 d:AcceleratedTaxDepreciationDeferredTax 2023-09-30 06685284 e:PoundSterling 2023-10-01 2024-09-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 06685284










AJP Promotions Limited








Unaudited

Financial statements

Information for filing with the registrar

For the year ended 30 September 2024

 
AJP Promotions Limited
Registered number: 06685284

Balance sheet
As at 30 September 2024

2024
2023
Note
£
£

Fixed assets
  

Investment property
 4 
225,000
225,000

  
225,000
225,000

Current assets
  

Debtors: amounts falling due within one year
 5 
1,950
1,925

Cash at bank and in hand
 6 
24,315
25,845

  
26,265
27,770

Creditors: amounts falling due within one year
 7 
(160,144)
(162,477)

Net current liabilities
  
 
 
(133,879)
 
 
(134,707)

Total assets less current liabilities
  
91,121
90,293

Provisions for liabilities
  

Deferred tax
  
(14,333)
-

  
 
 
(14,333)
 
 
-

Net assets
  
76,788
90,293


Capital and reserves
  

Called up share capital 
 9 
1,000
1,000

Investment property reserve
  
75,437
75,437

Profit and loss account
  
351
13,856

  
76,788
90,293


Page 1

 
AJP Promotions Limited
Registered number: 06685284

Balance sheet (continued)
As at 30 September 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 17 February 2025.




D F Pearce
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
AJP Promotions Limited
 

 
Notes to the financial statements
For the year ended 30 September 2024

1.


General information

AJP Promotions Limited (the 'company') is a private company, limited by shares, incorporated in England. The principal activity of the company is that of property investment. The address of its registered office is 2nd Floor, 168 Shoreditch High Street, London, E1 6RA. The principal place of business is 35 Martins Lane, Dorchester on Thames, Wallingford, Oxfordshire, OX10 7JE.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention, as modified by the revaluation of investment property, unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

Despite the company reporting net current liabilities of £133,879 (2023: £134,707) at 30 September 2024, included within 'Creditors: amounts falling due within one year' is an amount of £156,788 (2023: £159,158) due to the director, which will not be called for repayment for a period of at least 12 months from the date of approval of the financial statements.  The financial statements have therefore been prepared on a going concern basis and the company continues to be reliant upon the continued financial support of its director.

 
2.3

Revenue

Turnover represents rent receivable from tenants, credit for which is taken on an accruals basis, excluding discounts, rebates, value added tax and other sales taxes.

 
2.4

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Page 3

 
AJP Promotions Limited
 

 
Notes to the financial statements
For the year ended 30 September 2024

2.Accounting policies (continued)

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment
-
25%
Straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Investment property

Investment property is carried at fair value determined annually by the director and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Statement of comprehensive income.

 
2.7

Debtors

Short term debtors are measured at transaction price, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Creditors

Short term creditors are measured at the transaction price.

 
2.10

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.11

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of
financial assets and liabilities like trade and other debtors and creditors, loans from banks and other
 
Page 4

 
AJP Promotions Limited
 

 
Notes to the financial statements
For the year ended 30 September 2024

2.Accounting policies (continued)


2.11
Financial instruments (continued)

third parties, loans to related parties and investments in ordinary shares.


3.


Employees




The average monthly number of employees, including directors, during the year was 1 (2023 - 1).


4.


Investment property


Long term leasehold investment property

£



Valuation


At 1 October 2023
225,000



At 30 September 2024
225,000

The 2024 valuation was made by the director, on an open market value for existing use basis.



If the investment property had been accounted for under the historic cost accounting rules, the property would have been measured as follows:

2024
2023
£
£


Historic cost
149,563
149,563

149,563
149,563



Page 5

 
AJP Promotions Limited
 

 
Notes to the financial statements
For the year ended 30 September 2024

5.


Debtors

2024
2023
£
£


Called up share capital not paid
1,000
1,000

Prepayments and accrued income
950
925

1,950
1,925



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
24,315
25,845

24,315
25,845



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
195
425

Other creditors
156,788
159,158

Accruals
3,161
2,894

160,144
162,477



8.


Deferred taxation




2024


£






Charged to profit or loss
(14,333)



At end of year
(14,333)

Page 6

 
AJP Promotions Limited
 

 
Notes to the financial statements
For the year ended 30 September 2024
 
8.Deferred taxation (continued)

The deferred taxation balance is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(14,333)
-

(14,333)
-


9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



1,000 (2023 - 1,000) Ordinary shares of £1.00 each
1,000
1,000



10.


Related party transactions

During the year, the company operated a current account with its director, D F Pearce. D F Pearce met expenditure of £30 (2023: £38) and made drawings of £Nil (2023: £1,900) on behalf of the company during the year. At the year end, the amount due to D F Pearce was £156,788 (2023: £159,158) which is included within 'Other creditors'.


11.


Controlling party

The company is under the control of A Pearce, son of the director, who owns 100% of the issued share capital.


Page 7