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Registered number: 11341832
AJCL Global Holdings Limited
Financial statements
Information for filing with the registrar
For the Year Ended 30 June 2025
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AJCL Global Holdings Limited
Registered number: 11341832
Statement of financial position
As at 30 June 2025
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Debtors: amounts falling due within one year
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Current asset investments
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.
The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The Company has opted not to file the income statement in accordance with provisions applicable to companies subject to the small companies' regime.
The financial statements were approved and authorised for issue by the board and were signed on its behalf on 13 November 2025.
The notes on pages 2 to 9 form part of these financial statements.
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AJCL Global Holdings Limited
Notes to the financial statements
For the Year Ended 30 June 2025
AJCL Global Holdings Ltd is a company, limited by shares, registered in England & Wales. The company's
registered number and registered office can be found on the company information page.
The presentation currency of the financial statements is the Pound Sterling, rounded to the nearest pound.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The following principal accounting policies have been applied:
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Foreign currency translation
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Functional and presentation currency
The Company's functional and presentational currency is USD.
Transactions and balances
Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.
At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.
Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.
Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Income statement within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.
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AJCL Global Holdings Limited
Notes to the financial statements
For the Year Ended 30 June 2025
2.Accounting policies (continued)
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:
Sale of goods
Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
∙the Company has transferred the significant risks and rewards of ownership to the buyer;
∙the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
∙the amount of revenue can be measured reliably;
∙it is probable that the Company will receive the consideration due under the transaction; and
∙the costs incurred or to be incurred in respect of the transaction can be measured reliably.
Rendering of services
Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
∙the amount of revenue can be measured reliably;
∙it is probable that the Company will receive the consideration due under the contract;
∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and
∙the costs incurred and the costs to complete the contract can be measured reliably.
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Operating leases: the Company as lessee
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Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.
Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.
Interest income is recognised in profit or loss using the effective interest method.
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
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AJCL Global Holdings Limited
Notes to the financial statements
For the Year Ended 30 June 2025
2.Accounting policies (continued)
All borrowing costs are recognised in profit or loss in the year in which they are incurred.
Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
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 income.
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.
Depreciation is provided on the following basis:
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
Investments in subsidiaries are measured at cost less accumulated impairment.
Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Income statement for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.
Investments in listed company shares are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in profit or loss for the period.
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AJCL Global Holdings Limited
Notes to the financial statements
For the Year Ended 30 June 2025
2.Accounting policies (continued)
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
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Cash and cash equivalents
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Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
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Judgments in applying accounting policies and key sources of estimation uncertainty
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In preparing the financial statements, management are required to make estimates and judgments which may materially affect reported income, expenses, assets, liabilities or disclosure of contingent assets and liabilities, and the valuation of investment properties, which were based on open market transactions. The estimates and assumptions are reviewed on an on-going basis and are based on historical experience and other factors that are considered to be relevant. Revision to accounting estimates are recognised in the period in which the estimate is revised.
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The Company has no employees other than the directors, who did not receive any remuneration (2024 - $NIL).
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The average monthly number of employees, including directors, during the year was 0 (2024 - 0).
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AJCL Global Holdings Limited
Notes to the financial statements
For the Year Ended 30 June 2025
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Charge for the year on owned assets
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Investments in subsidiary companies
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AJCL Global Holdings Limited
Notes to the financial statements
For the Year Ended 30 June 2025
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Amounts owed by group undertakings
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Prepayments and accrued income
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Current asset investments
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Listed invested are stated at market value at closing rate on 30 June 2025.
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Cash and cash equivalents
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AJCL Global Holdings Limited
Notes to the financial statements
For the Year Ended 30 June 2025
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Creditors: Amounts falling due within one year
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Amounts owed to group undertakings
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Other taxation and social security
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Accruals and deferred income
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Details of security provided
First legal charge over the property at Flat 2, 22 Buckingham Gate, London SW1E 6LB to secured the debt.
A 2nd charge (third party charge) over the property Basement Flat, 33 Hyde Park Square, London, W2 2NW (property already charged to the Bank against term loan facility to Omer Adil Jaffer & Neeshay Rabbani) to Secure the debt.
Overdraft facility is availed in US dollars, the overdraft facility carry interest rate at 2.5% plus 3 months SOFR.
Amounts owed to group undertakings
Amount owed to group undertakings includes an unsecured loan of $2million (2024: $2 million) received from the parent company. This loan is interest free and repayable on demand. Remaining balance represent the advances received from a subsidiary which is interest free, unsecured and repayable on demand.
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Other taxation and social security
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The Company is part of a group headed by AJCL Global Holdings Limited. The group has trade finance facilities of $3.5 million with HBL Bank UK. The amount of outstanding exposures for the group at the year end were $769,075 (2024:$773,092).
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AJCL Global Holdings Limited
Notes to the financial statements
For the Year Ended 30 June 2025
The Company has provided fixed and floating charges and also contains negative pledge on all of its assets in favour of HBL Bank Ltd as per charge created on 28 January 2019.
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Related party transactions
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The Company has taken advantage of the exemption available under FRS 102, not to disclose details of any transactions or balances between the group that have been eliminated on consolidation. The ultimate parent Company prepares group accounts. Copy of group accounts are available from parent Company's registered office address at First floor, 113-A Sindhi Muslim Cooperative Housing Society, Shahrah-e- Faisal, Karachi, Pakistan.
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The ultimate parent Company is AJCL (PVT) Limited a company registered in Pakistan. Copy of consolidated accounts are available from its registered office at First floor, 113-A Sindhi Muslim Co-operative Housing Society, Shahrah-e-Faisal, Karachi, Pakistan. The ultimate controlling party is Omer Adil Jaffer.
The auditors' report on the financial statements for the year ended 30 June 2025 was unqualified.
The audit report was signed on 13 November 2025 by Janak Raj Pokhrel (Senior statutory auditor) on behalf of Mantax Lynton.
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