REGISTERED NUMBER: 10946763 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

ASJC ENTERPRISES LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr J M Cox

Mr A C Skinner

REGISTERED OFFICE:

71 Greystock Street

Sheffield

South Yorkshire

S4 7WA

REGISTERED NUMBER:

10946763 (England and Wales)

ACCOUNTANTS:

Sutton McGrath Hartley Limited

5 Westbrook Court

Sharrowvale Road

Sheffield

S11 8YZ

FIXED ASSETS

Investment property

4

4,603,945

4,081,635

CURRENT ASSETS

Debtors

5

44,488

51,784

Cash at bank

43,328

49,504

87,816

101,288

CREDITORS

Amounts falling due within one year

6

(151,437

)

(137,675

)

NET CURRENT LIABILITIES

(63,621

)

(36,387

)

TOTAL ASSETS LESS CURRENT LIABILITIES

4,540,324

4,045,248

CREDITORS

Amounts falling due after more than one year

7

(1,303,618

)

(873,768

)

PROVISIONS FOR LIABILITIES

9

(359,866

)

(359,866

)

NET ASSETS

2,876,840

2,811,614

CAPITAL AND RESERVES

Called up share capital

100

100

Revaluation reserve

10

1,079,599

1,079,599

Retained earnings

1,797,141

1,731,915

2,876,840

2,811,614

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.

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 4 September 2025 and were signed on its behalf by:

Mr J M Cox - Director

Mr A C Skinner - Director

1.	STATUTORY INFORMATION

ASJC Enterprises 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.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

4,081,635

Additions

522,310

At 31 December 2024

4,603,945

NET BOOK VALUE

At 31 December 2024

4,603,945

At 31 December 2023

4,081,635

Fair value at 31 December 2024 is represented by:

£

Valuation in 2021

999,465

Valuation in 2023

440,000

Cost

3,164,480

4,603,945

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

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

42,463

50,937

Other debtors

2,025

847

44,488

51,784

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

95,466

66,400

Trade creditors

10,555

7,915

Taxation and social security

24,413

17,898

Other creditors

21,003

45,462

151,437

137,675

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

1,275,135

870,601

Other creditors

28,483

3,167

1,303,618

873,768

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

1,275,135

870,601

8.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Bank loans

1,370,601

937,001

Bank loans are secured against the property to which they relate.

9.	PROVISIONS FOR LIABILITIES

2024

2023

£

£

Deferred tax

359,866

359,866

Deferred

tax

£

Balance at 1 January 2024

359,866

Balance at 31 December 2024

359,866

10.

RESERVES

Revaluation

reserve

£

At 1 January 2024

and 31 December 2024

1,079,599