AJG Properties Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03296953 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2018

FOR

AJG PROPERTIES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R A Pick

Mrs J R Pick

REGISTERED OFFICE:

Johnstone House

2a Gordon Road

West Bridgford

Nottingham

NG2 5LN

REGISTERED NUMBER:

03296953 (England and Wales)

ACCOUNTANTS:

NG Accounting & Tax Limited

Johnstone House

2a Gordon Road

West Bridgford

Nottingham

NG2 5LN

FIXED ASSETS

Tangible assets

4

704

939

Investment property

5

151,165

151,165

151,869

152,104

CURRENT ASSETS

Cash at bank

3,331

1,983

CREDITORS

Amounts falling due within one year

6

(17,378

)

(8,849

)

NET CURRENT LIABILITIES

(14,047

)

(6,866

)

TOTAL ASSETS LESS CURRENT LIABILITIES

137,822

145,238

CREDITORS

Amounts falling due after more than one year

7

(130,070

)

(130,070

)

NET ASSETS

7,752

15,168

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

7,652

15,068

SHAREHOLDERS' FUNDS

7,752

15,168

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors on 4 April 2019 and were signed on its behalf by:

R A Pick - Director

1.	STATUTORY INFORMATION

AJG Properties Limited 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Tangible fixed assets

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

Plant and machinery etc

-

25% on reducing balance

Investment property

investment property is recognised at the original cost of purchase.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account,

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2017 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

£

£

COST

At 1 June 2017

and 31 May 2018

10,673

1,000

11,673

DEPRECIATION

At 1 June 2017

9,734

1,000

10,734

Charge for year

235

-

235

At 31 May 2018

9,969

1,000

10,969

NET BOOK VALUE

At 31 May 2018

704

-

704

At 31 May 2017

939

-

939

5.	INVESTMENT PROPERTY

Total

£

COST

At 1 June 2017

and 31 May 2018

151,165

NET BOOK VALUE

At 31 May 2018

151,165

At 31 May 2017

151,165

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

as restated

£

£

Taxation and social security

-

28

Other creditors

17,378

8,821

17,378

8,849

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2018

2017

as restated

£

£

Bank loans

130,070

130,070

8.	RELATED PARTY DISCLOSURES

During the year, total dividends of £2,000 were paid to the directors .

As at 31st May 2018, the company owed the directors £16,700 (2017: £8,821).

9.	ULTIMATE CONTROLLING PARTY

The company is controlled by the directors.