AJS Securities Ltd - Accounts to registrar (filleted) - small 23.1.2

AJS Securities Ltd - Accounts to registrar (filleted) - small 23.1.2

AJS SECURITIES LTD - Company Information

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REGISTERED NUMBER: 12937318 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2022

FOR

AJS SECURITIES LTD
AJS SECURITIES LTD (REGISTERED NUMBER: 12937318)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


AJS SECURITIES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2022







DIRECTOR: A Ruzzaman





REGISTERED OFFICE: 603 Petticoat Square
London
E1 7ED





REGISTERED NUMBER: 12937318 (England and Wales)





ACCOUNTANTS: AGK Partners
Chartered Accountants
1 Kings Avenue
London
N21 3NA
Page 1
AJS SECURITIES LTD (REGISTERED NUMBER: 12937318)

BALANCE SHEET
31 OCTOBER 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 150,000 -

CREDITORS
Amounts falling due within one year 5 90,887 387
NET CURRENT LIABILITIES (90,887 ) (387 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
59,113
(387
)

PROVISIONS FOR LIABILITIES 11,400 -
NET ASSETS/(LIABILITIES) 47,713 (387 )

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 6 48,600 -
Retained earnings (987 ) (487 )
47,713 (387 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 9 November 2023 and were signed by:





A Ruzzaman - Director


The notes form part of these financial statements

Page 2
AJS SECURITIES LTD (REGISTERED NUMBER: 12937318)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2022

1. STATUTORY INFORMATION

AJS Securities Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

Significant judgements and estimates
In the application of the company's accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period. or in the period of the revision and future periods where the revision affects both current and future periods. There are no significant judgements or estimates involved in the preparation of the financial statements.

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.

Financial instruments
Basic financial assets and liabilities, which include debtors, creditors, cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

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 (2021 - 1 ) .

Page 3 continued...
AJS SECURITIES LTD (REGISTERED NUMBER: 12937318)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2022

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 90,000
Revaluations 60,000
At 31 October 2022 150,000
NET BOOK VALUE
At 31 October 2022 150,000

Fair value at 31 October 2022 is represented by:
£   
Valuation in 2022 60,000
Cost 90,000
150,000

If Investment property had not been revalued it would have been included at the following historical cost:

2022 2021
£    £   
Cost 90,000 -

Investment property was valued on an open market basis on 31 October 2022 by director .

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Other creditors 90,887 387

6. RESERVES
Fair
value
reserve
£   
Movement during the year 48,600

At 31 October 2022 48,600

7. RELATED PARTY DISCLOSURES

Included in creditors, amounts falling due within one year is an amount of £ 90,000 owed to the director of the company. Loan is interest free and payable on demand.

Page 4