Ajit Finance Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 12553684

Ajit Finance Ltd

Filleted Unaudited Financial Statements

30 April 2025

Ajit Finance Ltd

Statement of Financial Position

30 April 2025

	2025	2024
Note	£	£

Current assets

Debtors	4	1,377,160	1,328,386
Cash at bank and in hand		934	35,636
		------------	------------
		1,378,094	1,364,022

Creditors: amounts falling due within one year	5	1,198,657	1,215,433
		------------	------------
Net current assets		179,437	148,589
		---------	---------
Total assets less current liabilities		179,437	148,589
		---------	---------
Net assets		179,437	148,589
		---------	---------

Capital and reserves

Called up share capital	100	100
Profit and loss account	179,337	148,489
	---------	---------
Shareholders funds	179,437	148,589
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 30 April 2025 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 financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 2 January 2026 , and are signed on behalf of the board by:

RGS Johal

Director

Company registration number: 12553684

Ajit Finance Ltd

Notes to the Financial Statements

Year ended 30 April 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Sovereign House, 184 Nottingham Road, Basford, Nottingham, NG7 7BA.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

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

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

4. Debtors

	2025	2024
	£	£
Trade debtors	90,834	67,560
Amounts owed by group undertakings and undertakings in which the company has a participating interest	1,286,326	1,225,826
Other debtors	–	35,000
	------------	------------
	1,377,160	1,328,386
	------------	------------

5. Creditors: amounts falling due within one year

	2025	2024
	£	£
Amounts owed to group undertakings and undertakings in which the company has a participating interest	1,186,844	1,205,849
Corporation tax	10,283	8,054
Other creditors	1,530	1,530
	------------	------------
	1,198,657	1,215,433
	------------	------------

6. Related party transactions

Interest is received and charged at commercial rates on some of the loans which are all unsecured with the exception of a debt due to the company of £100,000 which is secured by a debenture.