AJK Properties Leeds Limited - Filleted accounts

Registered number

09955223

AJK Properties Leeds Limited

Unaudited Filleted Accounts

31 January 2025

AJK Properties Leeds Limited
Registered number:		09955223
Balance Sheet
as at 31 January 2025

Notes			2025			2024
£				£
Fixed assets
Tangible fixed assets	4		17,624			23,499
Investment property	5		3,051,987			2,535,106
			3,069,611			2,558,605

Current assets
Debtors	6	12,579			8,753
Cash at bank and in hand		16,388			34,755
		28,967			43,508

Creditors: amounts falling due within one year	7	(484,308)			(146,187)

Net current liabilities			(455,341)			(102,679)

Total assets less current liabilities			2,614,270			2,455,926

Creditors: amounts falling due after more than one year	8		(1,909,768)			(1,812,810)

Provisions for liabilities			(164,366)			(152,701)

Net assets			540,136			490,415

Capital and reserves
Called up share capital			1			1
Fair value reserve	10		479,882			446,542
Profit and loss account			60,253			43,872

Shareholder's funds			540,136			490,415

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.


Mr A J Kristall
Director
Approved by the board on 29/10/2025.

AJK Properties Leeds Limited
Notes to the Accounts
for the year ended 31 January 2025


1	Statutory information

	AJK Properties Leeds Limited is a private company, limited by shares, registered in England and Wales.

	The company's registered number and registered office address are as below:

	Registered number:	09955223

	Registered office:	5 Wike Ridge Court
		Leeds
		LS17 9NX

	The presentation currency of the financial statements is the Pound Sterling, which is the functional currency of the company, rounded to the nearest £1.


2	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including 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.

	Going concern
	After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing the financial statements.

	Turnover
	Turnover represents rents received and receivable, excluding VAT.

	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.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.


2	Accounting policies (continued)

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.

	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments.

	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.

	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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.


3	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			1		1


4	Tangible fixed assets
		Computer equipment		Motor vehicles		Total
£			£		£
	Cost
	At 1 February 2024	300		40,990		41,290
	At 31 January 2025	300		40,990		41,290

	Depreciation
	At 1 February 2024	300		17,491		17,791
	Charge for the year	-		5,875		5,875
	At 31 January 2025	300		23,366		23,666

	Net book value
	At 31 January 2025	-		17,624		17,624
	At 31 January 2024	-		23,499		23,499


5	Investment property
Total
£
	Fair value
	At 1 February 2024					2,535,106
	Additions					472,427
	Revaluation					44,454

	At 31 January 2025					3,051,987

	Historical cost
	At 1 February 2024					1,939,717
	At 31 January 2025					2,412,144

	The investment property was valued on an open market basis on 31 January 2025 by the director.


6	Debtors			2025		2024
£					£

	Trade debtors			4,979		-
	Prepayments and accrued income			-		574
	Taxation and social security costs			-		1,779
	Other debtors			7,600		6,400
				12,579		8,753


7	Creditors: amounts falling due within one year			2025		2024
£					£

	Bank loans and overdrafts			327,266		26,301
	Obligations under finance lease and hire purchase contracts			5,015		4,798
	Trade creditors			550		125
	Taxation and social security costs			1,121		-
	Director's current account			138,345		71,438
	Accruals and deferred income			4,411		15,416
	Other creditors			7,600		28,109
				484,308		146,187


8	Creditors: amounts falling due after one year			2025		2024
£					£

	Bank loans			1,890,965		1,788,992
	Obligations under finance lease and hire purchase contracts			18,803		23,818
				1,909,768		1,812,810


9	Loans			2025		2024
£					£
	Creditors include:
	Instalments falling due for payment after more than five years			1,781,873		1,680,590


	Secured bank loans			2,212,393		1,805,106

	Bank loans are secured over the properties to which they relate.


10	Fair value reserve			2025		2024
£					£

	At 1 February 2024			446,542		482,265
	Reserve transfer			33,340		(35,723)

	At 31 January 2025			479,882		446,542


11	Related party transactions

	During the year £94,023 (2024: £36,204) was advanced from and £27,116 (2024: £54,705) was repaid to the director of the company. An amount of £138,345 (2024: £71,438) remained due to the director at the year end.