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REGISTERED NUMBER: 08242905 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

2AJO LTD

2AJO LTD (REGISTERED NUMBER: 08242905)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024










Page

Balance Sheet 1

Notes to the Financial Statements 3


2AJO LTD (REGISTERED NUMBER: 08242905)

BALANCE SHEET
31 OCTOBER 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,690 -
Investment property 5 8,363,586 9,124,717
8,365,276 9,124,717

CURRENT ASSETS
Debtors 6 33,573 35,729
Cash at bank 5,249 12,833
38,822 48,562
CREDITORS
Amounts falling due within one year 7 (2,431,222 ) (2,628,656 )
NET CURRENT LIABILITIES (2,392,400 ) (2,580,094 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,972,876

6,544,623

CREDITORS
Amounts falling due after more than one
year

8

-

(814,838

)

PROVISIONS FOR LIABILITIES 10 (92,182 ) (81,872 )
NET ASSETS 5,880,694 5,647,913

CAPITAL AND RESERVES
Called up share capital 3,894,544 3,894,544
Fair value reserve 575,875 412,316
Retained earnings 1,410,275 1,341,053
SHAREHOLDERS' FUNDS 5,880,694 5,647,913

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

2AJO LTD (REGISTERED NUMBER: 08242905)

BALANCE SHEET - continued
31 OCTOBER 2024


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 11 March 2025 and were signed on its behalf by:





S J Owen - Director


2AJO LTD (REGISTERED NUMBER: 08242905)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024


1. STATUTORY INFORMATION

2AJO Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 08242905

Registered office: 15 West Street
Brighton
East Sussex
BN1 2RL

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents rents receivable, excluding discounts and value added tax. Rents are recognised in the period to which they relate.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer Equipment33% Straight Line

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Investment property
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in the income statement and then transferred to a revaluation reserve.

Financial instruments
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


2AJO LTD (REGISTERED NUMBER: 08242905)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Going concern
The company is financed by loans from the directors. Whilst this balance is due on demand, the directors have indicated that this balance will only be drawn to the extent that the company's cash flows can support repayment. The forecast cash flow of the company support that liabilities can be met as they fall due.

It is on this basis that the directors have concluded that the company is a going concern. As a result, these financial statements are prepared on a going concern basis.

3. EMPLOYEES

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

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
Additions 1,763
At 31 October 2024 1,763
DEPRECIATION
Charge for year 73
At 31 October 2024 73
NET BOOK VALUE
At 31 October 2024 1,690

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2023 9,124,717
Disposals (775,000 )
Revaluations 13,869
At 31 October 2024 8,363,586
NET BOOK VALUE
At 31 October 2024 8,363,586
At 31 October 2023 9,124,717

2AJO LTD (REGISTERED NUMBER: 08242905)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


5. INVESTMENT PROPERTY - continued

Fair value at 31 October 2024 is represented by:
£   
Valuation in 2015 114,073
Valuation in 2016 165,000
Valuation in 2017 35,000
Valuation in 2018 65,116
Valuation in 2019 (40,000 )
Valuation in 2020 150,000
Valuation in 2021 5,000
Valuation in 2024 13,869
Cost 7,855,528
8,363,586

If investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 7,855,528 8,630,528

Investment property was valued on an open market basis on 31 October 2024 by the directors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 25,383 34,690
Other debtors 8,190 1,039
33,573 35,729

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 63,389
Tax 91,267 44,983
VAT 3,276 4,390
Other creditors 16,784 28,861
Directors' loan accounts 2,263,020 2,387,930
Accruals and deferred income 56,875 99,103
2,431,222 2,628,656

The directors' loan accounts are repayable on demand and interest is paid at a market rate.

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years - 65,513
Bank loans - 2-5 years - 147,928
Bank loans more 5 yr - 601,397
- 814,838

2AJO LTD (REGISTERED NUMBER: 08242905)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2024 2023
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr - 601,397

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans - 878,227

The bank loan is secured by a fixed charge over the assets of the company and a debenture.

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 92,182 81,872

Deferred
tax
£   
Balance at 1 November 2023 81,872
Movement during the year 10,310
Balance at 31 October 2024 92,182