AJC Developments (South) Limited

Contents

Balance Sheet	1 to 2
Notes to the Unaudited Financial Statements	3 to 9

AJC Developments (South) Limited

Balance Sheet

31 December 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	29,717	51,454
Current assets
Stocks	5	645,413	1,045,209
Debtors	6	2,999,852	2,016,553
Cash at bank and in hand		1,304,833	1,622,452
		4,950,098	4,684,214
Creditors: Amounts falling due within one year	7	(3,585,568)	(3,815,523)
Net current assets		1,364,530	868,691
Total assets less current liabilities		1,394,247	920,145
Creditors: Amounts falling due after more than one year	7	(90,127)	(68,050)
Net assets		1,304,120	852,095
Capital and reserves
Called up share capital		3	3
Profit and loss account		1,304,117	852,092
Shareholders' funds		1,304,120	852,095

AJC Developments (South) Limited

Balance Sheet

31 December 2025

For the financial year ending 31 December 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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their 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 special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 11 May 2026 and signed on its behalf by:
 

......................................... D T Cracklen Director

Company Registration Number: 11193149

AJC Developments (South) Limited

Notes to the Unaudited Financial Statements

Year Ended 31 December 2025

1	General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
4 Joshuas Vista
Sandbanks Road
Poole
Dorset
BH14 8HA

These financial statements were authorised for issue by the Board on 11 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

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 Section 1A and the Companies Act 2006.

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.

These financial statements have been prepared in pound sterling (£) and rounded to the nearest whole pound.

Revenue recognition

Turnover arises through two income streams which are land sales and contracting activities. Turnover is net of value added tax and trade discounts.

Land sales are recognised on the date the sale contract becomes unconditional.

Contract revenue and contract costs are recognised by reference to the stage of completion of the contract activity at the reporting date and the attributable profit recognised is that estimated to fairly reflect the profit arising up to that date.

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 corporation 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 Developments (South) Limited

Notes to the Unaudited Financial Statements

Year Ended 31 December 2025

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:

Asset class	Depreciation method and rate
Office Equipment	15% straight line basis
Computer Equipment	33% straight line basis
Plant and Machinery	20% straight line basis
Short Leasehold Improvements	20% straight line basis

Work in progress

Work in progress is stated at the lower of cost and estimated selling price less costs to complete and sell.

The cost of work in progress comprises direct land acquisition and planning costs and, where applicable, direct labour costs and those overheads that have been incurred. At each reporting date, work in progress is assessed for impairment. If work in progress is impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due.

AJC Developments (South) Limited

Notes to the Unaudited Financial Statements

Year Ended 31 December 2025

Financial instruments

Classification
The company holds the following financial instruments:

• Short term trade and other debtors and creditors;
• Loans; and
• Cash and bank balances.

All financial instruments are classified as basic.

 Recognition and measurement
The company has chosen to apply the recognition and measurement principles in FRS102.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.

Except for bank loans, such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.

Bank loans are initially measured at transaction price, including transaction costs, and are subsequently carried at amortised cost using the effective interest method.


 

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 34 (2024 - 33).

AJC Developments (South) Limited

Notes to the Unaudited Financial Statements

Year Ended 31 December 2025

4	Tangible assets

	Short leasehold improvements £	Office and computer equipment £	Plant and machinery £	Total £
Cost or valuation
At 1 January 2025	2,708	142,701	2,405	147,814
Additions	2,716	8,735	-	11,451
At 31 December 2025	5,424	151,436	2,405	159,265
Depreciation
At 1 January 2025	85	94,842	1,433	96,360
Charge for the year	853	31,887	448	33,188
At 31 December 2025	938	126,729	1,881	129,548
Carrying amount
At 31 December 2025	4,486	24,707	524	29,717
At 31 December 2024	2,623	47,859	972	51,454

5

Stocks

	2025 £	2024 £
Work in progress	645,413	1,045,209

6

Debtors

	2025 £	2024 £
Trade debtors	2,625,768	1,724,158
Other loans	124,558	20,415
Prepayments and accrued income	56,721	122,114
Other debtors	192,805	149,866
	2,999,852	2,016,553

AJC Developments (South) Limited

Notes to the Unaudited Financial Statements

Year Ended 31 December 2025

7

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	8	6,556	199,381
Trade creditors		1,185,266	1,675,495
Corporation tax		141,949	163,268
Taxation and social security		81,632	78,265
Accruals and deferred income		1,905,375	1,502,638
Other creditors		264,790	196,476
		3,585,568	3,815,523

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	8	18,981	24,537
Other creditors		71,146	43,513
		90,127	68,050

AJC Developments (South) Limited

Notes to the Unaudited Financial Statements

Year Ended 31 December 2025

8	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	18,981	24,537

Current loans and borrowings

	2025 £	2024 £
Bank borrowings	5,556	5,556
Other borrowings	1,000	193,825
	6,556	199,381

9	Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £50,577 (2024 - £129,238). These commitments are in respect of operating leases and are payable over the next 3 years.

10	Related party transactions

Transactions with directors

2025	At 1 January 2025 £	Advances to director £	At 31 December 2025 £
S T Janes
Director's loan account	17,145	25,700	42,845
D T Cracklen
Director's loan account	(5,112)	30,112	25,000
M S Adams
Director's loan account	785	-	785

AJC Developments (South) Limited

Notes to the Unaudited Financial Statements

Year Ended 31 December 2025

2024	At 1 January 2024 £	Advances to director £	Repayments by director £	At 31 December 2024 £
S T Janes
Director's loan account	71,145	-	(54,000)	17,145
D T Cracklen
Director's loan account	(16,000)	75,675	(64,787)	(5,112)
M S Adams
Director's loan account	54,785	-	(54,000)	785