AJ & HB Properties LLP

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: OC308934

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		1,782,697		1,796,056

			1,782,697		1,796,056
CURRENT ASSETS
Stocks	5	463,200		463,200
Debtors	6	132,730		194,431
Cash at bank and in hand		76,938		15,189

		672,868		672,820
Creditors: Amounts Falling Due Within One Year	7	(788,415 )		(653,287 )

NET CURRENT ASSETS (LIABILITIES)			(115,547 )		19,533

TOTAL ASSETS LESS CURRENT LIABILITIES			1,667,150		1,815,589

Creditors: Amounts Falling Due After More Than One Year	8		-		(58,725 )

NET ASSETS ATTRIBUTABLE TO MEMBERS			1,667,150		1,756,864

REPRESENTED BY:
Loans and other debts due to members within one year
Other amounts		1,657,150		1,746,864

			1,657,150		1,746,864

Equity
Members' other interests
Members' capital		10,000		10,000

			10,000		10,000

			1,667,150		1,756,864

TOTAL MEMBERS' INTEREST
Loans and other debts due to members within one year			1,657,150		1,746,864
Members' other interests			10,000		10,000

			1,667,150		1,756,864

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AJ & HB Properties LLP

Balance Sheet (continued)

As At 31 March 2025

For the year ending 31 March 2025 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 applicable to LLPs subject to the small LLPs regime.)

The members acknowledge their responsibilities for complying with the requirements of the Act (as applied to LLPs) with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The LLP has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the LLP's Profit and Loss Account.

On behalf of the members

Mr Anthony Norton

Designated Member

23/12/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

AJ & HB Properties LLP is a limited liability partnership, incorporated in England & Wales, registered number OC308934 . The Registered Office is Thorney Fen, Rosslyn Lane, Cuddington, Northwich, Cheshire, CW8 2JZ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 for small limited liability partnerships regime - The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), The Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in December 2021 (SORP) and the Companies Act 2006 (as applied to LLPs).

The financial statements are prepared in sterling which is the functional currency of the LLP.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and form the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover form the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Motor Vehicles

25% reducing balance

2.4. Investment Properties

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.

2.5. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the LLP. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.6. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.7. Members' participation rights

The LLP divides profit according to the signed Members' Agreement whereby profits are allocated in profit sharing ratios prevailing at the time.

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AJ & HB Properties LLP

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

3. Average Number of Employees

The average number of employees, including members, during the year was: 2 (2024: 2)

4. Tangible Assets

	Investment Properties	Motor Vehicles	Total
	£	£	£
Cost
As at 1 April 2024	1,742,619	95,000	1,837,619

As at 31 March 2025	1,742,619	95,000	1,837,619

Depreciation
As at 1 April 2024	-	41,563	41,563
Provided during the period	-	13,359	13,359

As at 31 March 2025	-	54,922	54,922

Net Book Value
As at 31 March 2025	1,742,619	40,078	1,782,697

As at 1 April 2024	1,742,619	53,437	1,796,056

The investment properties were valued by A J Norton, who is a designated member of the LLP, on 31 March 2025 at open market value.

Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:

	2025	2024
	£	£
Motor Vehicles	40,078	53,437

5. Stocks

	2025	2024
	£	£
Finished goods	463,200	463,200

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	6,468	58,683
Other debtors	126,262	135,748

	132,730	194,431

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	57,874	10,212
Bank loans and overdrafts	654,650	615,939
Other creditors	75,891	27,136

	788,415	653,287

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AJ & HB Properties LLP

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	-	58,725

9. Secured Creditors

Of the creditors the following amounts are secured.

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	57,874	68,937
Bank loans and overdrafts	654,650	615,939

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