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Registration number: 06223187

AJ Homes Limited

Filleted Annual Report and Unaudited Abridged Financial Statements

for the Period from 1 April 2023 to 30 March 2024

 

AJ Homes Limited

Contents

Company Information

1

Abridged Balance Sheet

2 to 3

Notes to the Unaudited Abridged Financial Statements

4 to 8

 

AJ Homes Limited

Company Information

Director

Mr AJ Maunder

Registered office

4 Flaxpits Lane
Winterbourne
Bristol
S Gloucestershire
BS36 1JX

Accountants

HSJ Accountants Ltd
Severn House
Hazell Drive
Newport
South Wales
NP10 8FY

 

AJ Homes Limited

(Registration number: 06223187)
Abridged Balance Sheet as at 30 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

15,704

18,192

Other financial assets

5

20,000

20,000

 

35,704

38,192

Current assets

 

Debtors

10,465

40,953

Cash at bank and in hand

 

188,351

182,489

 

198,816

223,442

Prepayments and accrued income

 

3,125

2,083

Creditors: Amounts falling due within one year

6.1

(79,434)

(95,679)

Net current assets

 

122,507

129,846

Total assets less current liabilities

 

158,211

168,038

Creditors: Amounts falling due after more than one year

6.2

(42,243)

(62,929)

Accruals and deferred income

 

(4,277)

(2,795)

Net assets

 

111,691

102,314

Capital and reserves

 

Called up share capital

7

2

2

Capital redemption reserve

2

2

Retained earnings

111,687

102,310

Shareholders' funds

 

111,691

102,314

 

AJ Homes Limited

(Registration number: 06223187)
Abridged Balance Sheet as at 30 March 2024

For the financial period ending 30 March 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 accounts for the period in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 25 March 2025
 

.........................................

Mr AJ Maunder
Director

 

AJ Homes Limited

Notes to the Unaudited Abridged Financial Statements for the Period from 1 April 2023 to 30 March 2024

1

General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
4 Flaxpits Lane
Winterbourne
Bristol
S Gloucestershire
BS36 1JX

These financial statements were authorised for issue by the director on 25 March 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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

 

AJ Homes Limited

Notes to the Unaudited Abridged Financial Statements for the Period from 1 April 2023 to 30 March 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Furniture, fittings and equipment

20% straight line

Motor vehicles

25% reducing balance

Land and buildings

2% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

AJ Homes Limited

Notes to the Unaudited Abridged Financial Statements for the Period from 1 April 2023 to 30 March 2024

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 7 (2023 - 8).

 

AJ Homes Limited

Notes to the Unaudited Abridged Financial Statements for the Period from 1 April 2023 to 30 March 2024

4

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 April 2023

10,556

31,921

54,998

97,475

Disposals

-

(18,208)

-

(18,208)

At 30 March 2024

10,556

13,713

54,998

79,267

Depreciation

At 1 April 2023

1,478

31,285

46,519

79,282

Charge for the period

211

157

2,120

2,488

Eliminated on disposal

-

(18,207)

-

(18,207)

At 30 March 2024

1,689

13,235

48,639

63,563

Carrying amount

At 30 March 2024

8,867

478

6,359

15,704

At 31 March 2023

9,078

636

8,478

18,192

Included within the net book value of land and buildings above is £8,867 (2023 - £9,078) in respect of freehold land and buildings.
 

5

Investments

2024
£

2023
£

Non-current financial assets

Financial assets at cost less impairment

20,000

20,000

The other investments are in respect of the historical investment by the company into two Limited Liability Partnerships. The value of these investments is considered by the directors to be stated at fair value.

6

Creditors

Creditors: amounts falling due within one year

Creditors include loans and hire purchase contracts which are secured of £21,189 (2023 - £21,189).

Creditors: amounts falling due after more than one year

Creditors include loans and hire purchase contracts which are secured of £42,243 (2023 - £62,929).

 

AJ Homes Limited

Notes to the Unaudited Abridged Financial Statements for the Period from 1 April 2023 to 30 March 2024

7

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary of £1 each

2

2

2

4

         

8

Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £15,000 (2023 - £11,250). This represents the total future minimum rent and lease payments under operating leases.

9

Related party transactions

Summary of transactions with key management

Transactions with the director

2024

At 1 April 2023
£

Advances to director
£

Repayments by director
£

At 30 March 2024
£

Mr AJ Maunder

Advances and Repayments

(40,953)

(2,092)

56,009

12,964

2023

At 1 April 2022
£

Advances to director
£

Repayments by director
£

At 31 March 2023
£

Mr AJ Maunder

Advances and Repayments

8,595

(70,794)

21,246

(40,953)