Company registration number 12880028 (England and Wales)
AJIT HOLDINGS LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 SEPTEMBER 2024
PAGES FOR FILING WITH REGISTRAR
AJIT HOLDINGS LTD
COMPANY INFORMATION
Directors
S Singh
S Kaur
Company number
12880028
Registered office
Station Hotel
Castle Hill
Dudley
West Midlands
DY1 4RA
Accountants
Jerroms GCN Limited
West Point, Second Floor
Mucklow Office Park
Mucklow Hill
Halesowen
B62 8DY
AJIT HOLDINGS LTD
CONTENTS
Page
Accountants' report
1
Statement of financial position
2 - 3
Notes to the financial statements
4 - 6
AJIT HOLDINGS LTD
REPORT TO THE DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY ACCOUNTS OF AJIT HOLDINGS LTD
- 1 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of AJIT Holdings Ltd for the year ended 29 September 2024 which comprise, the statement of financial position and the related notes from the company’s accounting records and from information and explanations you have given us.

 

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/gb/en/member/standards/rules-and-standards/rulebook.html.

This report is made solely to the board of directors of AJIT Holdings Ltd, as a body, in accordance with the terms of our engagement letter dated 27 June 2024. Our work has been undertaken solely to prepare for your approval the financial statements of AJIT Holdings Ltd and state those matters that we have agreed to state to the board of directors of AJIT Holdings Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than AJIT Holdings Ltd and its board of directors as a body for our work or for this report.

It is your duty to ensure that AJIT Holdings Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of AJIT Holdings Ltd. You consider that AJIT Holdings Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of AJIT Holdings Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Jerroms GCN Limited
Chartered Certified Accountants
West Point, Second Floor
Mucklow Office Park
Mucklow Hill
Halesowen
B62 8DY
27 May 2025
AJIT HOLDINGS LTD
STATEMENT OF FINANCIAL POSITION
AS AT 29 SEPTEMBER 2024
29 September 2024
- 2 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
2,680,870
2,428,891
Current assets
Debtors
4
4,288
3,897
Cash at bank and in hand
2
4,075
4,290
7,972
Creditors: amounts falling due within one year
5
(2,535,537)
(2,343,149)
Net current liabilities
(2,531,247)
(2,335,177)
Net assets
149,623
93,714
Capital and reserves
Called up share capital
7
2
2
Profit and loss reserves
149,621
93,712
Total equity
149,623
93,714
AJIT HOLDINGS LTD
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 29 SEPTEMBER 2024
29 September 2024
- 3 -

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

For the financial year ended 29 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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.

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

The financial statements were approved by the board of directors and authorised for issue on 27 May 2025 and are signed on its behalf by:
S Singh
Director
Company registration number 12880028 (England and Wales)
AJIT HOLDINGS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 SEPTEMBER 2024
- 4 -
1
Accounting policies
Company information

AJIT Holdings Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Station Hotel, Castle Hill, Dudley, West Midlands, DY1 4RA.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention.

1.2
Going concern

The accounts have been prepared on a going concern basis, the validity of which depends upon the future support of the directors. In the opinion of the directors, this support will be available for the forseeable future.true

1.3
Turnover

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold property
0%

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
8
7
AJIT HOLDINGS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 29 SEPTEMBER 2024
- 5 -
3
Tangible fixed assets
Freehold property
£
Cost
At 30 September 2023
2,428,891
Additions
251,979
At 29 September 2024
2,680,870
Depreciation and impairment
At 30 September 2023 and 29 September 2024
-
0
Carrying amount
At 29 September 2024
2,680,870
At 29 September 2023
2,428,891
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
3,663
3,663
Corporation tax recoverable
625
-
0
Other debtors
-
0
234
4,288
3,897
5
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
6
1,959,362
1,981,014
Corporation tax
-
0
3,408
Other creditors
573,135
355,687
Accruals and deferred income
3,040
3,040
2,535,537
2,343,149

Amounts owed to participating interests do not bear interest, are unsecured and are repayable on demand.

AJIT HOLDINGS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 29 SEPTEMBER 2024
- 6 -
6
Loans and overdrafts
2024
2023
£
£
Bank loans
1,937,419
1,981,014
Bank overdrafts
21,943
-
0
1,959,362
1,981,014
Payable within one year
1,959,362
1,981,014

On 18th December 2020 fixed and floating charges over property of the company was registered in favour of Together Commercial Finance Ltd.

 

In addition, on the 15th December 2021 fixed and floating charges over property of the company was registered in favour of Cambridge & Counties Bank Limited.

7
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of of £1 each
2
2
2
2
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