AJ Property Management (South) Limited

Contents

Balance Sheet	1
Notes to the Unaudited Financial Statements	2 to 5

AJ Property Management (South) Limited

Balance Sheet

31 December 2024

	Note	2024 £	2023 £
Current assets
Debtors	4	4,644	13,248
Cash at bank and in hand		3,311	12,862
		7,955	26,110
Creditors: Amounts falling due within one year	5	(9,856)	(9,936)
Total assets less current liabilities		(1,901)	16,174
Creditors: Amounts falling due after more than one year	5	(24,537)	(30,092)
Net liabilities		(26,438)	(13,918)
Capital and reserves
Called up share capital		2	2
Profit and loss account		(26,440)	(13,920)
Shareholders' deficit		(26,438)	(13,918)

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 have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 29 September 2025 and signed on its behalf by:
 

......................................... S T Janes Director

Company Registration Number: 10457499

AJ Property Management (South) Limited

Notes to the Unaudited Financial Statements

Year Ended 31 December 2024

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
4 Joshuas Vista
202 Sandbanks Road
Poole
Dorset
BH14 8HA

These financial statements were authorised for issue by the Board on 29 September 2025.

2	Accounting policies

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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts and after eliminating sales within the company.

AJ Property Management (South) Limited

Notes to the Unaudited Financial Statements

Year Ended 31 December 2024

Financial instruments

Classification
The company holds the following financial instruments:

• Short term trade and other debtors and creditors;
• Cash and bank balances.

All financial instruments are classified as basic.

 Recognition and measurement
The company has chosen to apply the recognition and measurement principles in FRS102.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.

Except for bank loans, such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.


 

3	Staff numbers

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

4

Debtors

	2024 £	2023 £
Trade debtors	-	4,154
Other debtors	4,644	9,094
	4,644	13,248

AJ Property Management (South) Limited

Notes to the Unaudited Financial Statements

Year Ended 31 December 2024

5

Creditors

Creditors: amounts falling due within one year

	Note	2024 £	2023 £
Due within one year
Loans and borrowings	6	5,556	5,556
Accruals and deferred income		1,920	1,920
Other creditors		2,380	2,460
		9,856	9,936

Creditors: amounts falling due after more than one year

	Note	2024 £	2023 £
Due after one year
Loans and borrowings	6	24,537	30,092

6	Loans and borrowings

Non-current loans and borrowings

	2024 £	2023 £
Bank borrowings	24,537	30,092

Current loans and borrowings

	2024 £	2023 £
Bank borrowings	5,556	5,556

AJ Property Management (South) Limited

Notes to the Unaudited Financial Statements

Year Ended 31 December 2024

7	Related party transactions

Transactions with directors

2024	At 1 January 2024 £	At 31 December 2024 £
M S Adams
Director's loan account	3,472	3,472

2023	At 1 January 2023 £	At 31 December 2023 £
M S Adams
Director's loan account	3,472	3,472