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REGISTERED NUMBER: 02307915 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 December 2024

for

AJS 22 Ltd

AJS 22 Ltd (Registered number: 02307915)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AJS 22 Ltd

Company Information
for the Year Ended 31 December 2024







DIRECTORS: A. Stephenson
A. Stephenson
S. A. Basterfield
J. E. Stephenson-Smith



SECRETARY: A. Stephenson



REGISTERED OFFICE: 'The Annexe'
9 Regent Parade
Harrogate
North Yorkshire
HG1 5AN



REGISTERED NUMBER: 02307915 (England and Wales)



ACCOUNTANTS: Clive Owen LLP
Chartered Accountants
Oak Tree House, Harwood Road
Northminster Business Park
Upper Poppleton
York
YO26 6QU



SOLICITORS: Freeths LLP
1 Vine Street
Mayfair
London
WIJ 0AH

AJS 22 Ltd (Registered number: 02307915)

Balance Sheet
31 December 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,000,000 8,000,000
Investments 5 542,500 447,500
8,542,500 8,447,500

CURRENT ASSETS
Debtors 6 166,510 185,800
Cash at bank 658,579 829,612
825,089 1,015,412
CREDITORS
Amounts falling due within one year 7 122,929 114,218
NET CURRENT ASSETS 702,160 901,194
TOTAL ASSETS LESS CURRENT
LIABILITIES

9,244,660

9,348,694

PROVISIONS FOR LIABILITIES 8 1,012,611 1,011,862
NET ASSETS 8,232,049 8,336,832

CAPITAL AND RESERVES
Called up share capital 9 100,000 100,000
Revaluation reserve 10 5,301,178 5,301,178
Retained earnings 2,830,871 2,935,654
8,232,049 8,336,832

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

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

AJS 22 Ltd (Registered number: 02307915)

Balance Sheet - continued
31 December 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 March 2025 and were signed on its behalf by:





A. Stephenson - Director


AJS 22 Ltd (Registered number: 02307915)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

AJS 22 Ltd 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.

There were no material departures from that standard.

The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.

Turnover
Turnover represents invoiced property income, excluding value added tax.

Income recognition
Turnover is recognised in accordance with the contractual terms of the lease.

Investment income is recognised when it can be measured reliably and it is probable that the income will be received.

Tangible fixed assets
Properties are valued at open market value, No depreciation is provided in respect of properties. In accordance with the provisions of Section 1A "Small entities" of financial Reporting Standard 102, properties are revalued annually and the aggregate surplus or deficit is transferred to a revaluation reserve. The directors consider that this accounting policy results in the accounting giving a true and fair view. Depreciation is only one of many factors in the annual valuation and the amount which might otherwise be shown cannot be separately identified or quantified.

Fixed asset investments
Fixed asset investments are included at fair value. Gains and losses are recognised in the Profit and Loss Account. Deferred taxation is provided on these gains and losses at the rate expected to apply when the investments are sold.

Financial instruments
Financial assets
Short term debtors and cash at bank are measured at amortised cost. Other financial assets, such as listed investments, are measured at fair value through the profit and loss account.

Financial liabilities
Short term trade creditors are measured at amortised cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.


AJS 22 Ltd (Registered number: 02307915)

Notes to the Financial Statements - continued
for the Year Ended 31 December 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST OR VALUATION
At 1 January 2024
and 31 December 2024 8,000,000
NET BOOK VALUE
At 31 December 2024 8,000,000
At 31 December 2023 8,000,000

Cost or valuation at 31 December 2024 is represented by:

Freehold
property
£   
Valuation in 2023 6,445,620
Cost 1,554,380
8,000,000

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

2024 2023
£    £   
Cost 1,554,380 1,554,380

Freehold properties were valued on an open market basis on 31 December 2024, after taking due consideration of the strength of the covenants and remaining length of the leases.

AJS 22 Ltd (Registered number: 02307915)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 January 2024 447,500
Additions 95,000
At 31 December 2024 542,500
NET BOOK VALUE
At 31 December 2024 542,500
At 31 December 2023 447,500

Cost or valuation at 31 December 2024 is represented by:

Other
investments
£   
Valuation in 2023 (115,000 )
Cost 657,500
542,500

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other loan 8,500 8,500
Directors' current accounts 137,306 159,547
Prepayments and accrued income 20,704 17,753
166,510 185,800

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 107,295 98,231
Accruals and deferred income 15,634 15,987
122,929 114,218

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 1,012,611 1,011,862

AJS 22 Ltd (Registered number: 02307915)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

8. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 January 2024 1,011,862
Provided during year 749
Balance at 31 December 2024 1,012,611

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £

30,000 A Ordinary £1 30,000 30,000
29,500 B Ordinary £1 29,500 29,500
500 C Ordinary £1 500 500
20,000 D Ordinary £1 20,000 20,000
19,500 E Ordinary £1 19,500 19,500
500 F Ordinary £1 500 500
100,000 100,000

10. RESERVES
Revaluation
reserve
£   
At 1 January 2024
and 31 December 2024 5,301,178

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2024 and 31 December 2023:

2024 2023
£    £   
A. Stephenson and A. Stephenson
Balance outstanding at start of year 159,547 89,000
Amounts advanced 904,862 905,958
Amounts repaid (927,103 ) (835,411 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 137,306 159,547

The overdrawn directors' loan account will be repaid in full by 8 April 2025.

No interest has been charged.