REGISTERED NUMBER: SC125094 (Scotland)

Financial Statements for the Year Ended 31 December 2019

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

76 Dumbarton Road

Clydebank

Glasgow

G81 1UG

FIXED ASSETS

Tangible assets

4

1,042

1

Investment property

5

862,844

771,594

863,886

771,595

CURRENT ASSETS

Debtors

6

276,974

347,882

Investments

7

1,952,577

15,689

Cash at bank

1,235,137

4,335,680

3,464,688

4,699,251

CREDITORS

Amounts falling due within one year

8

248,163

1,436,858

NET CURRENT ASSETS

3,216,525

3,262,393

TOTAL ASSETS LESS CURRENT LIABILITIES

4,080,411

4,033,988

PROVISIONS FOR LIABILITIES

18,000

-

NET ASSETS

4,062,411

4,033,988

CAPITAL AND RESERVES

Called up share capital

1,237,500

1,237,500

Retained earnings

2,824,911

2,796,488

SHAREHOLDERS' FUNDS

4,062,411

4,033,988

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2019 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 28 February 2020 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 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.

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 2 (2018 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 January 2019

6,875

Additions

1,041

At 31 December 2019

7,916

DEPRECIATION

At 1 January 2019

and 31 December 2019

6,874

NET BOOK VALUE

At 31 December 2019

1,042

At 31 December 2018

1

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2019

771,594

Additions

91,250

At 31 December 2019

862,844

NET BOOK VALUE

At 31 December 2019

862,844

At 31 December 2018

771,594

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.19

31.12.18

£

£

Other debtors

276,974

347,882

7.	CURRENT ASSET INVESTMENTS

31.12.19

31.12.18

£

£

Listed investments

1,952,577

15,689

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.19

31.12.18

£

£

Taxation and social security

10,625

986,809

Other creditors

237,538

450,049

248,163

1,436,858

9.	RELATED PARTY DISCLOSURES

31.12.19

31.12.18

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

£

£

147,175

340,534

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

275,609

333,420