REGISTERED NUMBER: SC125094 (Scotland)

Financial Statements for the Year Ended 31 December 2017

for

A J B Holdings Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Alan J Baxter

Sheena Cunniffe

Anne Baxter

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

FIXED ASSETS

Tangible assets

4

399

799

Investment property

5

2,271,594

2,271,594

2,271,993

2,272,393

CURRENT ASSETS

Debtors

6

526,303

440,707

Investments

7

-

204,068

Cash at bank

143,592

119,399

669,895

764,174

CREDITORS

Amounts falling due within one year

8

215,895

289,225

NET CURRENT ASSETS

454,000

474,949

TOTAL ASSETS LESS CURRENT LIABILITIES

2,725,993

2,747,342

PROVISIONS FOR LIABILITIES

-

9,500

NET ASSETS

2,725,993

2,737,842

CAPITAL AND RESERVES

Called up share capital

1,237,500

1,237,500

Fair value reserve

9

650,000

650,000

Retained earnings

838,493

850,342

SHAREHOLDERS' FUNDS

2,725,993

2,737,842

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2017 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 11 May 2018 and were signed on its behalf by:

Alan J Baxter - Director

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 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 1 (2016 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 January 2017

and 31 December 2017

6,875

DEPRECIATION

At 1 January 2017

6,076

Charge for year

400

At 31 December 2017

6,476

NET BOOK VALUE

At 31 December 2017

399

At 31 December 2016

799

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2017

and 31 December 2017

2,271,594

NET BOOK VALUE

At 31 December 2017

2,271,594

At 31 December 2016

2,271,594

Fair value at 31 December 2017 is represented by:

£

Valuation in 2016

650,000

Cost

1,621,594

2,271,594

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.17

31.12.16

£

£

Other debtors

526,303

440,707

7.	CURRENT ASSET INVESTMENTS

31.12.17

31.12.16

£

£

Listed investments

-

204,068

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.17

31.12.16

£

£

Taxation and social security

39,779

65,080

Other creditors

176,116

224,145

215,895

289,225

9.

RESERVES

Fair

value

reserve

£

At 1 January 2017

and 31 December 2017

650,000

10.	RELATED PARTY DISCLOSURES

31.12.17

31.12.16

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

£

£

122,584

152,836

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

384,548

440,707