AJM P (Lincs) Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 08670806 (England and Wales)

AJM P (LINCS) LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

D J Mitchell

REGISTERED OFFICE:

The Bulrushes

Frithville Road

Sibsey

Boston

Lincolnshire

PE22 0SR

REGISTERED NUMBER:

08670806 (England and Wales)

ACCOUNTANTS:

Dexter & Sharpe

Chartered Certified Accountants

The Old Vicarage

Church Close

Boston

Lincolnshire

PE21 6NA

FIXED ASSETS

Investment property

3

340,000

CURRENT ASSETS

Debtors

233,903

109,903

Investments

50,000

Cash at bank

13,624

124,734

297,527

284,637

CREDITORS

Amounts falling due within one year

35,701

45,918

NET CURRENT ASSETS

261,826

238,719

TOTAL ASSETS LESS CURRENT
LIABILITIES

601,826

578,719

PROVISIONS FOR LIABILITIES

3,800

NET ASSETS

598,026

574,919

CAPITAL AND RESERVES

Called up share capital

100

Fair value reserve

4

16,200

Retained earnings

581,726

558,619

SHAREHOLDERS' FUNDS

598,026

574,919

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 director acknowledges his 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 15 September 2025 and were signed by:

D J Mitchell - Director

1.	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.

2.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

3.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

and 31 December 2024

340,000

NET BOOK VALUE

At 31 December 2024

340,000

At 31 December 2023

340,000

Fair value at 31 December 2024 is represented by:

£

Valuation in 2021

26,886

Valuation in 2023

20,000

Cost

293,114

340,000

4.

RESERVES

Fair

value

reserve

£

At 1 January 2024

and 31 December 2024

16,200