AJK Properties Leeds Limited - Filleted accounts

Registered number

09955223

AJK Properties Leeds Limited

Unaudited Filleted Accounts

31 January 2026

AJK Properties Leeds Limited
Registered number:		09955223
Balance Sheet
as at 31 January 2026

Notes			2026			2025
£				£
Fixed assets
Tangible assets	3		13,218			17,624
Investment property	4		3,048,108			3,051,987
			3,061,326			3,069,611

Current assets
Debtors	5	11,801			12,579
Cash at bank and in hand		18,941			16,388
		30,742			28,967

Creditors: amounts falling due within one year	6	(106,906)			(484,308)

Net current liabilities			(76,164)			(455,341)

Total assets less current liabilities			2,985,162			2,614,270

Creditors: amounts falling due after more than one year	7		(2,266,225)			(1,909,768)

Provisions for liabilities			(163,264)			(164,366)


Net assets			555,673			540,136

Capital and reserves
Called up share capital			1			1
Fair value reserve	9		479,882			479,882
Profit and loss account			75,790			60,253

Shareholder's funds			555,673			540,136

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.


Mr A J Kristall
Director
Approved by the board on 30/10/2026.

AJK Properties Leeds Limited
Notes to the Accounts
for the year ended 31 January 2026


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

	Going concern
	After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing the financial statements.

	Turnover
	Turnover represents rents received and receivable, excluding VAT.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Computer equipment	- On a straight line basis over 3 years
	Motor Vehicles	- On a reducing balance basis at 25%

	Investment property
	Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.


2	Accounting policies (continued)

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.

	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments.

	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.

	Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.


2	Employees			2026		2025
Number					Number

	Average number of persons employed by the company			1		1


3	Tangible fixed assets
		Computer equipment		Motor vehicles		Total
£			£		£
	Cost
	At 1 February 2025	300		40,990		41,290
	Disposals	(300)		-		(300)
	At 31 January 2026	-		40,990		40,990

	Depreciation
	At 1 February 2025	300		23,366		23,666
	Charge for the year	-		4,406		4,406
	On disposals	(300)		-		(300)
	At 31 January 2026	-		27,772		27,772

	Net book value
	At 31 January 2026	-		13,218		13,218
	At 31 January 2025	-		17,624		17,624


4	Investment property
Total
£
	Fair value
	At 1 February 2025					3,051,987
	Additions					13,365
	Disposals					(17,244)

	At 31 January 2026					3,048,108

	Historical cost
	At 1 February 2025					2,412,144
	At 31 January 2026					2,408,266

	The investment property was valued on an open market basis on 31 January 2026 by the director.


5	Debtors			2026		2025
£					£

	Trade debtors			-		4,979
	Prepayments and accrued income			1,551		-
	Other debtors			10,250		7,600
				11,801		12,579


6	Creditors: amounts falling due within one year			2026		2025
£					£

	Bank loans and overdrafts			27,120		327,266
	Obligations under finance lease and hire purchase contracts			18,803		5,015
	Trade creditors			355		550
	Director's current account			43,043		138,345
	Accruals and deferred income			1,460		4,411
	Taxation and social security costs			4,975		1,121
	Other creditors			11,150		7,600
				106,906		484,308


7	Creditors: amounts falling due after one year			2026		2025
£					£

	Bank loans			2,266,225		1,890,965
	Obligations under finance lease and hire purchase contracts			-		18,803
				2,266,225		1,909,768


8	Loans			2026		2025
£					£
	Creditors include:
	Instalments falling due for payment after more than five years			2,141,790		1,781,873


	Secured bank loans			2,291,905		2,212,393

	Bank loans are secured over the properties to which they relate.


9	Fair value reserve			2026		2025
£					£

	At 1 February 2025			479,882		446,542
	Reserve transfer			-		33,340

	At 31 January 2026			479,882		479,882


10	Related party transactions

	During the year £60,528 (2025: £94,023) was advanced from and £155,830 (2025: £27,116) was repaid to the director of the company. An amount of £43,043 (2025: £138,345) remained due to the director at the year end.


11	Other information

	AJK Properties Leeds Limited is a private company limited by shares and incorporated in England. Its registered office is:
	5 Wike Ridge Court
	Leeds
	England
	LS17 9NX