REGISTERED NUMBER: 09600587 (England and Wales)

AJP Assets Ltd

Unaudited Financial Statements

for the Year Ended 31 December 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R Pankhania

Mrs P Pankhania

REGISTERED OFFICE:

1 Bell Street

2nd Floor

London

NW15BY

REGISTERED NUMBER:

09600587 (England and Wales)

ACCOUNTANTS:

DSJ Partners (UK) Limited

2nd Floor

1 Bell Street

London

NW1 5BY

FIXED ASSETS

Tangible assets

4

629,885

761,749

CURRENT ASSETS

Debtors

5

654,171

1,796,983

Cash at bank and in hand

141,620

47,485

795,791

1,844,468

CREDITORS

Amounts falling due within one year

6

(939,458

)

(846,115

)

NET CURRENT (LIABILITIES)/ASSETS

(143,667

)

998,353

TOTAL ASSETS LESS CURRENT LIABILITIES

486,218

1,760,102

CREDITORS

Amounts falling due after more than one year

7

(1,098,386

)

(2,900,303

)

NET LIABILITIES

(612,168

)

(1,140,201

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(612,268

)

(1,140,301

)

SHAREHOLDERS' FUNDS

(612,168

)

(1,140,201

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 March 2026 and were signed on its behalf by:

R Pankhania - Director

1.	STATUTORY INFORMATION

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

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Short leasehold

-

over the period of the lease evenly

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

20% on reducing balance

Computer equipment

-

20% on reducing balance

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern

On the basis that the directors are satisfied that the company can meet its obligation as and when they fall due and that the company has sufficient support from its Directors and shareholders, the accounts are prepared on a going concern basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 54 (2024 - 53 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Short

Plant and

and

leasehold

machinery

fittings

£

£

£

COST

At 1 January 2025

171,833

921,697

212,231

Additions

-

-

3,359

Disposals

-

-

-

At 31 December 2025

171,833

921,697

215,590

DEPRECIATION

At 1 January 2025

25,329

439,427

129,829

Charge for year

6,873

72,341

17,153

Eliminated on disposal

-

-

-

At 31 December 2025

32,202

511,768

146,982

NET BOOK VALUE

At 31 December 2025

139,631

409,929

68,608

At 31 December 2024

146,504

482,270

82,402

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 January 2025

57,705

28,861

1,392,327

Additions

-

1,004

4,363

Disposals

(57,705

)

-

(57,705

)

At 31 December 2025

-

29,865

1,338,985

DEPRECIATION

At 1 January 2025

20,774

15,219

630,578

Charge for year

4,309

2,929

103,605

Eliminated on disposal

(25,083

)

-

(25,083

)

At 31 December 2025

-

18,148

709,100

NET BOOK VALUE

At 31 December 2025

-

11,717

629,885

At 31 December 2024

36,931

13,642

761,749

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amounts owed by group undertakings

127,037

68,385

Amounts receivable in respect of hire purchase contracts

-

853

Other debtors

527,134

1,727,745

654,171

1,796,983

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Finance leases

-

35,032

Trade creditors

2,121

68,038

Amounts owed to group undertakings

409,266

276,641

Taxation and social security

474

23,964

Other creditors

527,597

442,440

939,458

846,115

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Amounts owed to group undertakings

-

1,493,833

Other creditors

1,098,386

1,406,470

1,098,386

2,900,303

8.	RELATED PARTY DISCLOSURES

Blue Butterfly Pension Fund

The relationship is that the Directors and ultimate shareholder of AJP Assets Ltd are members of the pension fund and no interest is charged on the loan provided.

2025

2024

£

£

Amount due from related party at the balance sheet date

515,707

1,715,707

Rajan Pankhania

Mr R Pankhania is a Director of the company. During the year £81,149 (2024:£111,271) of interest has been accrued on the loan.

2025

2024

£

£

Amount due to related party at the balance sheet date

1,358,386

1,687,237