Registration number: 10138991

AJM Property Letting Limited

(Registration number: 10138991)

Balance Sheet as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	3	1,688	1,886
Investment properties	4	3,970,000	3,970,000
		3,971,688	3,971,886
Current assets
Debtors	5	377,674	371,599
Cash at bank and in hand		1,340,332	1,095,878
		1,718,006	1,467,477
Creditors: Amounts falling due within one year	6	(187,225)	(139,104)
Net current assets		1,530,781	1,328,373
Total assets less current liabilities		5,502,469	5,300,259
Provisions for liabilities		(95,500)	(95,500)
Net assets		5,406,969	5,204,759
Capital and reserves
Called up share capital		10,000	10,000
Share premium reserve		3,675,713	3,675,713
Fair value reserve		286,499	286,499
Retained earnings		1,434,757	1,232,547
Shareholders' funds		5,406,969	5,204,759

AJM Property Letting Limited

(Registration number: 10138991)

Balance Sheet as at 31 December 2024 (continued)

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements, which 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 and in accordance with the provisions of FRS 102 Section 1A Small Entities, were approved and authorised for issue by the Board on 23 September 2025 and signed on its behalf by:
 

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

A C Manfredi

Director

AJM Property Letting Limited

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

1	Accounting policies

Statutory information

AJM Property Letting Limited is a private company, limited by shares, domiciled in England and Wales, company number 10138991. The registered office is at 57 City Road, Sheffield, S2 5HE.

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 financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These 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. The presentation currency is United Kingdom pounds sterling, which is the functional currency of the company. The financial statements are those of an individual entity.

Going concern

After due consideration of all relevant factors, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the annual report and accounts.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the rental of the company's investment properties. Revenue is recognised on a straight line basis over the lease terms.

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.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

AJM Property Letting Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

1	Accounting policies (continued)

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.

Investment Properties

Investment properties are carried at fair value, derived from the current market prices for comparable real estate determined annually by the directors with the assistance of external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the statement of comprehensive income.
 

2	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

AJM Property Letting Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

3	Tangible assets

	Motor vehicles  £
Cost
At 1 January 2024	2,480
At 31 December 2024	2,480
Depreciation
At 1 January 2024	594
Charge for the year	198
At 31 December 2024	792
Carrying amount
At 31 December 2024	1,688
At 31 December 2023	1,886

4	Investment properties

Valuation	£
At 1 January and 31 December 2024	3,970,000