A J B Holdings Limited - Accounts to registrar - small 17.1.1

A J B Holdings Limited - Accounts to registrar - small 17.1.1


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REGISTERED NUMBER: SC125094(Scotland)















Financial Statements for the Year Ended 31 December 2016

for

A J B Holdings Limited

A J B Holdings Limited (Registered number: SC125094)






Contents of the Financial Statements
for the Year Ended 31 December 2016




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


A J B Holdings Limited

Company Information
for the Year Ended 31 December 2016







DIRECTORS: Alan J Baxter
Sheena Cunniffe





SECRETARY: Alan J Baxter





REGISTERED OFFICE: 9 Broomcroft Road
Newton Mearns
Glasgow
G77 5ER





REGISTERED NUMBER: SC125094(Scotland)





ACCOUNTANTS: Graham & Co. (Accountants) Limited
Chartered Accountants
76 Dumbarton Road
Clydebank
Glasgow
G81 1UG

A J B Holdings Limited (Registered number: SC125094)

Balance Sheet
31 December 2016

31.12.16 31.12.15
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 799 2,094
Investment property 5 2,271,594 2,548,763
2,272,393 2,550,857

CURRENT ASSETS
Debtors 6 440,707 530,901
Investments 7 204,068 316,401
Cash at bank 119,399 58,560
764,174 905,862
CREDITORS
Amounts falling due within one year 8 289,225 495,471
NET CURRENT ASSETS 474,949 410,391
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,747,342

2,961,248

PROVISIONS FOR LIABILITIES 9,500 -
NET ASSETS 2,737,842 2,961,248

CAPITAL AND RESERVES
Called up share capital 1,237,500 1,237,500
Revaluation reserve 9 - 1,000,000
Fair value reserve 9 650,000 -
Retained earnings 850,342 723,748
SHAREHOLDERS' FUNDS 2,737,842 2,961,248

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2016 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.

A J B Holdings Limited (Registered number: SC125094)

Balance Sheet - continued
31 December 2016


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 17 March 2017and were signed on its behalf by:





Alan J Baxter- Director


A J B Holdings Limited (Registered number: SC125094)

Notes to the Financial Statements
for the Year Ended 31 December 2016

1. STATUTORY INFORMATION

A J B Holdings Limited is a private company, limited by shares, registered in Scotland. 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 that have been enacted or
substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the
timing difference.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2.

A J B Holdings Limited (Registered number: SC125094)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2016

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 January 2016 6,452
Additions 423
At 31 December 2016 6,875
DEPRECIATION
At 1 January 2016 4,358
Charge for year 1,718
At 31 December 2016 6,076
NET BOOK VALUE
At 31 December 2016 799
At 31 December 2015 2,094

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2016 2,548,763
Additions 72,831
Revaluations (350,000 )
At 31 December 2016 2,271,594
NET BOOK VALUE
At 31 December 2016 2,271,594
At 31 December 2015 2,548,763

Cost or valuation at 31 December 2016 is represented by:

£   
Valuation in 2016 650,000
Cost 1,621,594
2,271,594

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.16 31.12.15
£    £   
Other debtors 440,707 530,901

7. CURRENT ASSET INVESTMENTS
31.12.16 31.12.15
£    £   
Listed investments 204,068 316,401

A J B Holdings Limited (Registered number: SC125094)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2016

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.16 31.12.15
£    £   
Taxation and social security 65,080 66,254
Other creditors 224,145 429,217
289,225 495,471

9. RESERVES
Fair
value
reserve
£   
At 1 January 2016 1,000,000
Revaluation (350,000 )

At 31 December 2016 650,000

10. RELATED PARTY DISCLOSURES

During the year, total dividends of £112,493 (2015 - £173,020) were paid to the directors .

31.12.1631.12.15

Included within creditors are amounts due to directors, as follows:

£   

£   
152,836285,444
Included within debtors is an amount due by a company with a common
director, as follows:

440,707516,707