Company registration number 15288819 (England and Wales)
AMJAS PROPERTIES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 FEBRUARY 2025
PAGES FOR FILING WITH REGISTRAR
AMJAS PROPERTIES LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
AMJAS PROPERTIES LIMITED
BALANCE SHEET
AS AT
28 FEBRUARY 2025
28 February 2025
- 1 -
28 February 2025
30 June 2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
287,332
-
0
Current assets
Cash at bank and in hand
1,203
100
Creditors: amounts falling due within one year
4
(44,116)
-
Net current (liabilities)/assets
(42,913)
100
Total assets less current liabilities
244,419
100
Creditors: amounts falling due after more than one year
5
(238,192)
-
Net assets
6,227
100
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
6,127
-
0
Total equity
6,227
100

For the financial period ended 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.

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.

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

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 7 August 2025
Mr MS Sandhu
Director
Company registration number 15288819 (England and Wales)
AMJAS PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 FEBRUARY 2025
- 2 -
1
Accounting policies
Company information

Amjas Properties Limited is a private company limited by shares incorporated in England and Wales. The registered office is Dedham Pharmacy, High Street, Dedham, Colchester, CO7 6DE.

1.1
Reporting period

The financial statements for the previous year covered a period of 7 months and 15 days, as they represented the first reporting period following the incorporation. The current year's financial statements have been prepared for 8 months period. The company remained dormant from the day of incorporation to 21 July 2024 and commenced its trading activities on 22 July 2024. Therefore, the comparative figures, including the related notes, may not be directly comparable.

1.2
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, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.3
Going concern

Atruet the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.

1.4
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

 

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

1.5
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 land and buildings
1% on cost

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.

AMJAS PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 28 FEBRUARY 2025
1
Accounting policies
(Continued)
- 3 -
1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.7
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.8
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

2
Employees

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

2025
2024
Number
Number
Total
1
1
AMJAS PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 28 FEBRUARY 2025
- 4 -
3
Tangible fixed assets
Freehold land and buildings
£
Cost
At 1 July 2024
-
0
Additions
290,234
At 28 February 2025
290,234
Depreciation and impairment
At 1 July 2024
-
0
Depreciation charged in the period
2,902
At 28 February 2025
2,902
Carrying amount
At 28 February 2025
287,332
At 30 June 2024
-
0
4
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
25,268
-
0
Taxation and social security
2,118
-
0
Other creditors
16,730
-
0
44,116
-
0
5
Creditors: amounts falling due after more than one year
2025
2024
Notes
£
£
Bank loans and overdrafts
238,192
-
0
Creditors which fall due after five years are payable as follows:
Payable by instalments
137,122
-
AMJAS PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 28 FEBRUARY 2025
5
Creditors: amounts falling due after more than one year
(Continued)
- 5 -

The bank loans and overdrafts falling due less than 1 year and after more than 1 year, are secured by a fixed and floating charge over the assets of the company.

 

The following assets held as security are charged to Barclays Bank:

 

1. A legal charge over 97 Heath Road Coxheath Maidstone held by Barclays Security Trustee Limited for the benefit of Barclays Bank UK PLC and Barclays Bank PLC.

 

2. A cross guarantee in favour of Barclays Bank UK PLC and Barclays Bank PLC, and debenture held by Barclays Security Trustee Limited for the benefit of Barclays Bank UK PLC and Barclays Bank PLC, granted by Nihal Healthcare Ltd and Amjas Properties Ltd.

6
Related party transactions
Transactions with related parties

During the period the company entered into the following transactions with related parties:

2025
2024
Amounts due to related parties
£
£
Entities with common controlling shareholders and directors
11,802
-

The above disclosed amount is included within the other creditors due in one year. The loan is unsecured, interest free and repayable on demand.

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