AJON_Properties_Limited_31_Dec_2017_companies_house_set_of_accounts.html

AJON_Properties_Limited_31_Dec_2017_companies_house_set_of_accounts.html


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Company registration number:
10516914
AJON Properties Limited
Unaudited Filleted Financial Statements for the period ended
31 December 2017
AJON Properties Limited
Chartered accountant's report to the board of directors on the preparation of the unaudited statutory financial statements of AJON Properties Limited for the period ended 31 December 2017
Period ended
31 December 2017
In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the
financial statements
of
AJON Properties Limited
for the period ended
31 December 2017
which comprise the income statement, statement of financial position, statement of changes in equity and related notes from the company’s accounting records and from information and explanations you have given me.
As a practising member of the Institute of Chartered Accountants in England and Wales (ICAEW), I am subject to its ethical and other professional requirements which are detailed at icaew.com/​regulations.
This report is made solely to the Board of Directors of
AJON Properties Limited
, as a body, in accordance with the terms of my engagement letter dated 1 July 2017. My work has been undertaken solely to prepare for your approval the
financial statements
of
AJON Properties Limited
and state those matters that I have agreed to state to the Board of Directors of
AJON Properties Limited
, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than
AJON Properties Limited
and its Board of Directors, as a body, for my work or for this report.
It is your duty to ensure that
AJON Properties Limited
has kept adequate accounting records and to prepare statutory
financial statements
that give a true and fair view of the assets, liabilities, financial position and profit of
AJON Properties Limited
. You consider that
AJON Properties Limited
is exempt from the statutory audit requirement for the period.
I have not been instructed to carry out an audit or a review of the financial statements of AJON Properties Limited. For this reason, I have not verified the accuracy or completeness of the accounting records or information and explanations you have given to me and I do not, therefore, express any opinion on the statutory financial statements.
CSH Accounting
Chartered Accountants and Business Advisors
37A Anchor Road
Aldridge
Walsall
West Midlands
WS9 8PT
United Kingdom
Date:
14 June 2018
AJON Properties Limited
Statement of Financial Position
31 December 2017
31 Dec 2017
Note£
Current assets  
Stocks
537,494
 
Debtors 4
53
 
Cash at bank and in hand
14,035
 
551,582
 
Creditors: amounts falling due within one year 5
(1,453
)
Net current assets
550,129
 
Total assets less current liabilities 550,129  
Creditors: amounts falling due after more than one year 6
(547,166
)
Net assets
2,963
 
Capital and reserves  
Called up share capital
100
 
Profit and loss account
2,863
 
Shareholders funds
2,963
 
For the period ending
31 December 2017
, 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 financial statements for the period in question in accordance with section 476;
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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 income statement has not been delivered.
These
financial statements
were approved by the board of directors and authorised for issue on
14 June 2018
, and are signed on behalf of the board by:
John Sheath
Director
Company registration number:
10516914
AJON Properties Limited
Notes to the Financial Statements
Period ended
31 December 2017

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
23 Stonnall Road
,
Aldridge
,
Walsall
,
West Midlands
,
WS9 8JX
, United Kingdom.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

4 Debtors

31 Dec 2017
£
Other debtors
53
 

5 Creditors: amounts falling due within one year

31 Dec 2017
£
Taxation and social security
555
 
Other creditors
898
 
1,453
 

6 Creditors: amounts falling due after more than one year

31 Dec 2017
£
Other creditors
547,166
 

7 Controlling party

The company was under the control of the directors throughout the current period.