REGISTERED NUMBER: SC694156 (Scotland)

Financial Statements for the Year Ended 31 March 2025

for

AJP 2021 LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

D Kalnina

H Morgan

REGISTERED OFFICE:

Unit 20, Morrich House, Davidson Drive

Castle Avenue Industrial Estate

Invergordon

Ross-Shire

IV18 0SA

REGISTERED NUMBER:

SC694156 (Scotland)

AUDITORS:

Feist Hedgethorne Limited

Statutory Auditors

Chartered Accountants

Preston Park House

South Road

Brighton

East Sussex

BN1 6SB

FIXED ASSETS

Investments

4

-

40,000

CURRENT ASSETS

Debtors

5

-

501

Cash at bank

10,829

323

10,829

824

CREDITORS

Amounts falling due within one year

6

(122,081

)

(60,453

)

NET CURRENT LIABILITIES

(111,252

)

(59,629

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(111,252

)

(19,629

)

CREDITORS

Amounts falling due after more than one year

7

-

(26,182

)

NET LIABILITIES

(111,252

)

(45,811

)

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

(111,352

)

(45,911

)

SHAREHOLDERS' FUNDS

(111,252

)

(45,811

)

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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

The financial statements were approved by the Board of Directors and authorised for issue on 19 December 2025 and were signed on its behalf by:

D Kalnina - Director

1.	STATUTORY INFORMATION

AJP 2021 Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

Monetary amounts in these financial statements are rounded to the nearest Pound.

2.	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.

Preparation of consolidated financial statements

The financial statements contain information about AJP 2021 Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary, SMC Manufacturing Ltd, are included by full consolidation in the consolidated financial statements of its parent, DK Universe Ltd, 51-53 West Street, Brighton, BN1 2RA.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Employees and directors

The contracted employees in the company were transferred to the company's subsidiary in June 2023. Prior to this, all wages were recharged to the company's subsidiary.

Investments

Investments are recognised at cost less impairment.

Going concern

The accounts have not been prepared on a going concern basis because, following the year end, its subsidiary, SMC Manufacturing (UK) Limited, transferred its trade to another company and is in the process of transferring its remaining assets. The Company is expected to be dissolved once SMC Manufacturing (UK) Limited has been dissolved. The director has therefore concluded that the going concern basis is not appropriate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 April 2024

40,000

Impairments

(40,000

)

At 31 March 2025

-

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

40,000

The company recognised an impairment of £40,000 against its investment in SMC Manufacturing (UK) Limited following an impairment review. The impairment arose due to cessation of trade of SMC Manufacturing (UK) Limited due to the trade, and soon assets, being transferred to another company within the group, after the reporting date. The impairment has been recognised within administrative expenses.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

-

501

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

2,760

4,874

Amounts owed to group undertakings

64,581

13,779

Taxation and social security

49,040

36,100

Other creditors

5,700

5,700

122,081

60,453

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Taxation and social security

-

26,182

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

A Ordinary

£1

100

100

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Chris Morey (Senior Statutory Auditor)

for and on behalf of Feist Hedgethorne Limited

10.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

There are no other related party transactions requiring disclosure.

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is D Kalnina.

The company is a wholly owned subsidiary of DK Universe Ltd. The smallest group into which the results of the company are consolidated is that headed by DK Universe Ltd as the ultimate parent and controlling party. Copies of its consolidated financial statements can be obtained from the company's board of directors, 51-53 West Street, Brighton, BN1 2RA.