Registration number: NI696748

AJC Property Rentals Ltd

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 6

AJC Property Rentals Ltd

Company Information

Director

Mr Anthony Carson

Registered office

Block 5 Jennymount Business Park North Derby Street BELFAST BT15 3HN

Accountants

McKeague Morgan & Company 27 College Gardens Belfast BT9 6BS

AJC Property Rentals Ltd

(Registration number: NI696748)
Balance Sheet as at 31 May 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	357,948	143,663
Current assets
Debtors	5	1	1
Cash at bank and in hand		8,390	2,060
		8,391	2,061
Creditors: Amounts falling due within one year	6	(364,432)	(146,483)
Net current liabilities		(356,041)	(144,422)
Net assets/(liabilities)		1,907	(759)
Capital and reserves
Called up share capital		1	1
Profit and loss account		1,906	(760)
Total equity		1,907	(759)

For the financial period ending 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 29 May 2026
 

.........................................

Mr Anthony Carson
Director

AJC Property Rentals Ltd

Notes to the Unaudited Financial Statements for the Period from 1 May 2024 to 31 May 2025

1	General information

The company is a private company limited by share capital, incorporated in the United Kingdom.

The address of its registered office is:
Block 5 Jennymount Business Park
North Derby Street
BELFAST
BT15 3HN

These financial statements were authorised for issue by the director on 29 May 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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 taxable income.

AJC Property Rentals Ltd

Notes to the Unaudited Financial Statements for the Period from 1 May 2024 to 31 May 2025

2	Accounting policies (continued)

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3	Staff numbers

The average number of persons employed by the company (including the director) during the period, was 0 (2024 - 0).

AJC Property Rentals Ltd

Notes to the Unaudited Financial Statements for the Period from 1 May 2024 to 31 May 2025

4	Tangible assets

	Land and buildings £	Total £
Cost or valuation
At 1 May 2024	143,663	143,663
Additions	214,285	214,285
At 31 May 2025	357,948	357,948
Depreciation
Carrying amount
At 31 May 2025	357,948	357,948
At 30 April 2024	143,663	143,663

Included within the net book value of land and buildings above is £357,948 (2024 - £143,663) in respect of freehold land and buildings.
 

5

Debtors

	2025 £	2024 £
Other debtors	1	1
	1	1

AJC Property Rentals Ltd

Notes to the Unaudited Financial Statements for the Period from 1 May 2024 to 31 May 2025

6

Creditors

	Note	2025 £	2024 £
Due within one year
Corporation tax liability		3	-
Amounts owed to group undertakings and undertakings in which the company has a participating interest		362,729	-
Other creditors		-	145,733
Accruals and deferred income		1,700	750
		364,432	146,483

7	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Share capital of £1 each	1	1	1	1