AJG Properties Limited - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 03296953 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2022

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:

Unit 8

Wheatcroft Business Park

Landmere Lane

Nottingham

NG12 4DG

REGISTERED NUMBER:

03296953 (England and Wales)

ACCOUNTANTS:

NG Accounting & Tax Limited

Unit 8

Wheatcroft Business Park

Landmere Lane

Nottingham

NG12 4DG

FIXED ASSETS

Tangible assets

4

1,033

297

Investment property

5

151,165

151,165

152,198

151,462

CURRENT ASSETS

Debtors

6

93

25

Cash at bank

856

1,201

949

1,226

CREDITORS

Amounts falling due within one year

7

(51,831

)

(42,822

)

NET CURRENT LIABILITIES

(50,882

)

(41,596

)

TOTAL ASSETS LESS CURRENT LIABILITIES

101,316

109,866

CREDITORS

Amounts falling due after more than one year

8

(130,070

)

(130,070

)

NET LIABILITIES

(28,754

)

(20,204

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(28,854

)

(20,304

)

SHAREHOLDERS' FUNDS

(28,754

)

(20,204

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2022 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 applicable to companies subject to the small companies regime.

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 and authorised for issue on 24 February 2023 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" 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

-

25% on reducing balance

Computer equipment

-

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 (2021 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

£

£

COST

At 1 June 2021

10,673

1,000

11,673

Additions

-

949

949

At 31 May 2022

10,673

1,949

12,622

DEPRECIATION

At 1 June 2021

10,376

1,000

11,376

Charge for year

74

139

213

At 31 May 2022

10,450

1,139

11,589

NET BOOK VALUE

At 31 May 2022

223

810

1,033

At 31 May 2021

297

-

297

5.	INVESTMENT PROPERTY

Total

£

COST

At 1 June 2021

and 31 May 2022

151,165

NET BOOK VALUE

At 31 May 2022

151,165

At 31 May 2021

151,165

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Other debtors

93

25

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Other creditors

51,831

42,822

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2022

2021

£

£

Bank loans

130,070

130,070

9.	RELATED PARTY DISCLOSURES

As at 31st May 2022, the company owed the directors £51,831 (2021: £42,822).

10.	ULTIMATE CONTROLLING PARTY

The company is controlled by the directors.