AJ Developments (Spur Hill) Limited - Period Ending 2022-09-30

AJ Developments (Spur Hill) Limited

Contents

Balance Sheet	1 to 2
Notes to the Unaudited Financial Statements	3 to 5

AJ Developments (Spur Hill) Limited

Balance Sheet

30 September 2022

	Note	2022 £	2021 £
Current assets
Debtors	4	159,021	160,214
Cash at bank and in hand		242	242
		159,263	160,456
Creditors: Amounts falling due within one year	5	(160,335)	(148,377)
Total assets less current liabilities		(1,072)	12,079
Creditors: Amounts falling due after more than one year	5	-	(49,592)
Net liabilities		(1,072)	(37,513)
Capital and reserves
Called up share capital		100	100
Profit and loss account		(1,172)	(37,613)
Shareholders' deficit		(1,072)	(37,513)

AJ Developments (Spur Hill) Limited

Balance Sheet

30 September 2022

For the financial year ending 30 September 2022 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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 27 June 2023 and signed on its behalf by:
 

......................................... Mr S Janes Director

Company Registration Number: 10974664

AJ Developments (Spur Hill) Limited

Notes to the Unaudited Financial Statements

Year Ended 30 September 2022

1	General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
202 Sandbanks Road
Poole
BH14 8HA
England

These financial statements were authorised for issue by the Board on 27 June 2023.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The balance sheet shows an excess of total liabilities, however the accounts have been prepared on a going concern basis due to the continued support of the directors and parent company who are the largest creditor.

Tax

Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

AJ Developments (Spur Hill) Limited

Notes to the Unaudited Financial Statements

Year Ended 30 September 2022

Financial instruments

Classification
The company holds the following financial instruments:

• Short term trade and other debtors and creditors;
• Bank loans; and
• Cash and bank balances.

All financial instruments are classified as basic.

 Recognition and measurement
The company has chosen to apply the recognition and measurement principles in FRS102.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.

Except for bank loans, such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.

Bank loans are initially measured at transaction price, including transaction costs, and are subsequently carried at amortised cost using the effective interest method.


 

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2021 - 0).

4

Debtors

	2022 £	2021 £
Other debtors	159,021	160,214
	159,021	160,214

AJ Developments (Spur Hill) Limited

Notes to the Unaudited Financial Statements

Year Ended 30 September 2022

5

Creditors

Creditors: amounts falling due within one year

	2022 £	2021 £
Due within one year
Other creditors	51,296	-
Accruals and deferred income	2,288	2,880
Amounts owed to parent undertakings	106,751	145,497
	160,335	148,377

Creditors: amounts falling due after more than one year

	Note	2022 £	2021 £
Due after one year
Loans and borrowings	6	-	49,592

6	Loans and borrowings

	2022 £	2021 £
Loans and borrowings due after one year
Other borrowings	-	49,592

7	Parent and ultimate parent undertaking

The company's immediate parent is AJ Property Group Ltd, incorporated in England and Wales.