AJCT PROPERTIES LTD


Director	JOHNSON, Andrew Frederick


Registered Address	5 South Charlotte Street
	Edinburgh
	EH2 4AN


Registered Number	SC686054 (Scotland)

Statement of Financial Position
31 January 2026

	Notes	2026		2025
		£	£	£	£
Fixed assets
Tangible assets	3		876,723		719,374
			876,723		719,374
Current assets
Debtors	4	88,706		1,702
Cash at bank and on hand		127,651		35,648
		216,357		37,350
Creditors amounts falling due within one year	5	(8,614)		(19,995)
Net current assets (liabilities)			207,743		17,355
Total assets less current liabilities			1,084,466		736,729
Creditors amounts falling due after one year	6		(977,794)		(609,630)
Net assets			106,672		127,099
Capital and reserves
Profit and loss account			106,672		127,099
Shareholders' funds			106,672		127,099

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved and authorised for issue by the Director on 8 June 2026, and are signed on its behalf by:

JOHNSON, Andrew Frederick
Director
Registered Company No. SC686054

AJCT PROPERTIES LTD

Notes to the Financial Statements
for the year ended 31 January 2026

1.	Accounting policies

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

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Revenue from sale of goods
	Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

Revenue from sale of goods

Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

2.	Average number of employees


		2026		2025
	Average number of employees during the year	0		0

3.	Tangible fixed assets

		Total
		£
	Cost or valuation
	At 01 February 25	721,009
	Additions	158,101
	At 31 January 26	878,879
	Depreciation and impairment
	At 01 February 25	1,635
	Charge for year	752
	At 31 January 26	2,156
	Net book value
	At 31 January 26	876,723
	At 31 January 25	719,374

4.	Debtors: amounts due within one year

	2026	2025
	£	£
Trade debtors / trade receivables	88,655	-
Other debtors	51	1,702
Total	88,706	1,702

5.	Creditors: amounts due within one year

	2026	2025
	£	£
Trade creditors / trade payables	894	10,520
Bank borrowings and overdrafts	3,786	5,414
Taxation and social security	3,814	3,941
Accrued liabilities and deferred income	120	120
Total	8,614	19,995

6.	Creditors: amounts due after one year

	2026	2025
	£	£
Bank borrowings and overdrafts	977,794	609,630
Total	977,794	609,630

7.	Related party transactions
	During the year the company had the following transactions and balances with related parties. MarFishEco Limited, a company connected by virtue of common control, provided loan finance to the company. At the balance sheet date the company owed MarFishEco Limited £371,246 (2025: £382,236). The loan is unsecured and bears interest at 2.99% per annum. During the year the company repaid £10,990 of the loan. At the balance sheet date the company owed £3,786 (2025: £5,414) to Mr A F Johnson, a director, in respect of amounts advanced to the company. The balance is interest-free, unsecured and has no fixed date for repayment.

Related party transactions

During the year the company had the following transactions and balances with related parties.
MarFishEco Limited, a company connected by virtue of common control, provided loan finance to the company. At the balance sheet date the company owed MarFishEco Limited £371,246 (2025: £382,236). The loan is unsecured and bears interest at 2.99% per annum. During the year the company repaid £10,990 of the loan.
At the balance sheet date the company owed £3,786 (2025: £5,414) to Mr A F Johnson, a director, in respect of amounts advanced to the company. The balance is interest-free, unsecured and has no fixed date for repayment.

8.	Further information regarding the company's financial position
	The reserves brought forward at 1 February 2025 have been restated, principally to reclassify finance costs previously recognised within loan balances and to align certain opening balances with the company's accounting records. The effect is to reduce reserves brought forward by £35,578, from £127,099 to £91,521. The adjustment relates wholly to earlier periods and has no effect on the result for the current year.

Further information regarding the company's financial position

The reserves brought forward at 1 February 2025 have been restated, principally to reclassify finance costs previously recognised within loan balances and to align certain opening balances with the company's accounting records. The effect is to reduce reserves brought forward by £35,578, from £127,099 to £91,521. The adjustment relates wholly to earlier periods and has no effect on the result for the current year.