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A&J Property Developments Ltd
|
Registered Number
:
12167864
|
For the period ended 31 August 2020
England and Wales
Report of the Directors and Unaudited Financial Statements
2
For the period ended 31 August 2020
A&J Property Developments Ltd
Contents Page
2
Directors' Report
3
Chartered Accountants' Report
4
Income Statement
5
Statement of Financial Position
6
Statement of Changes in Equity
7 to 8
Notes to the Financial Statements
3
For the period ended 31 August 2020
A&J Property Developments Ltd
Company Information
A M Gavin (appointed on 21 August 2019)
Directors
Mrs G M Gavin (appointed on 21 August 2019)
12167864
80 Butt Park Road
Honicknowle
Plymouth
PL5 3NS
Turnbull & Co Accountants Limited
Accountants
Chartered Accountants
Pilgrim House
Oxford Place
Plymouth
PL1 5AJ
1 of 8
4
For the period ended 31 August 2020
A&J Property Developments Ltd
Directors' Report
The directors present their report and financial statements for the period 21 August 2019 to 31 August 2020.
The principal activity of the company was that of the property development. The company was incorporated on 21 August 2019 and commenced trading on 1 September 2019. Directors Responsibilities Company law requires the directors to prepare financial statements for each financial year which give a true and fair view. In preparing those financial statements, the directors are required to: Select suitable accounting policies and then apply them on a consistent basis, making judgements and estimates that are prudent and reasonable; State whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; Prepare the financial statements on the going concern basis unless it is not appropriate to presume that the company will continue in business. The directors are responsible for keeping adequate accounting records, for safeguarding the assets of the company, and for taking reasonable steps for the prevention and detection of fraud and other irregularitites.
|
Directors
The directors who served the company throughout the period were as follows:
A M Gavin (appointed on 21/08/2019)
Mrs G M Gavin (appointed on 21/08/2019)
Signed on behalf of the board of directors
This report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.
|
20 May 2021
2 of 8
5
For the period ended 31 August 2020
A&J Property Developments Ltd
Chartered Accountants' Report
Chartered Accountants
'
report to the Directors on the preparation of the unaudited statutory accounts of A
&
J
|
Property Developments Ltd for the period ended
31
August
2020
|
In order to assist you to fulfil your duties under Companies Act
2006
,
we have prepared for your approval the accounts
|
of A
&
J Property Developments Ltd for the period ended
31
August
2020
which comprise the Income Statement
,
the
|
Statement of Financial Position
,
the Statement of Changes in Equity and the related notes from the company
'
s
|
accounting records and from information and explanations you have given us
.
|
As a practising firm of the Institute of Chartered Accountants in England and Wales
(
ICAEW
)
,
we are subject to its
|
ethical and other professional requirements which are detailed at
|
icaew
.
com
/
en
/
members
/
regulations
-
standards
-
and
-
guidance
.
|
This report is made solely to the Board of Directors of A
&
J Property Developments Ltd
,
as a body
,
in accordance with
|
the terms of our engagement letter dated
3
March
2020
.
Our work has been undertaken solely to prepare for your
|
approval the accounts of A
&
J Property Developments Ltd and state those matters that we have agreed to state to the
|
Board of Directors of A
&
J Property Developments Ltd
,
as a body
,
in this report in accordance with ICAEW Technical
|
Release
07
/
16
AAF
.
To the fullest extent permitted by law
,
we do not accept or assume responsibility to anyone other
|
than A
&
J Property Developments Ltd and its Board of Directors as a body for our work or for this report
.
|
It is your duty to ensure that A
&
J Property Developments Ltd has kept adequate accounting records to prepare
|
statutory accounts that give a true and fair view of the assets
,
liabilities
,
financial position and loss of A
&
J Property
|
Developments Ltd
.
You consider that A
&
J Property Developments Ltd is exempt from the statutory audit requirement
|
for the year
.
|
We have not been instructed to carry out an audit or a review of the accounts of A
&
J Property Developments Ltd
.
For
|
this reason
,
we have not verified the accuracy or completeness of the accounting records or information and
|
explanations you have given to us and we do not
,
therefore
,
express any opinion on the statutory accounts
.
|
Turnbull & Co Accountants Limited
Chartered Accountants
Pilgrim House
Oxford Place
Plymouth
PL1 5AJ
20 May 2021
3 of 8
6
For the period ended 31 August 2020
A&J Property Developments Ltd
Income Statement
2020
-
Gross profit
-
(1,866)
Operating loss
(1,866)
(1,866)
Loss before taxation
(1,866)
Loss for the financial period
4 of 8
7
A&J Property Developments Ltd
Statement of Financial Position
2020
Property
,
plant and equipment
|
1,189
2
1,189
150,887
3
Trade and other receivables
|
383
4
Cash and cash equivalents
|
311
151,581
Trade and other payables
:
amounts falling due within one
|
year
|
(154,614)
5
(3,033)
Net current liabilities
Total assets less current liabilities
|
(1,844)
(1,844)
Net assets/liabilities
22
(1,866)
(1,844)
Shareholders' funds
For the period ended 31 August 2020 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
|
The members have not required the company to obtain an audit of its financial statements for the period ended 31 August 2020 in accordance with Section 476 of the Companies Act 2006
|
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section
|
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 in accordance with the provisions applicable to companies subject to the small companies regime.
|
These financial statements were approved and authorised for issue by the Board on 20 May 2021 and were signed by:
|
The notes form part of these financial statements
|
5 of 8
8
For the period ended 31 August 2020
A&J Property Developments Ltd
Statement of Changes in Equity
Share Capital
Total
Balance at
21
August
2019
|
-
-
-
Share issue during the period
|
22
-
22
-
(1,866)
(1,866)
Loss for the period
Balance at
31
August
2020
|
22
(1,866)
(1,844)
6 of 8
9
For the period ended 31 August 2020
A&J Property Developments Ltd
Notes to the Financial Statements
Statutory Information
A
&
J Property Developments Ltd is a private limited company
,
limited by shares
,
domiciled in England and Wales
,
|
registration number
12167864
.
|
80 Butt Park Road
Honicknowle
Plymouth
PL5 3NS
The presentation currency is £ sterling
.
|
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section
1
A 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 costs convention
.
|
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
|
Property, plant and equipment
Property, plant and equipment are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
|
Motor Vehicles
Inventories
Inventories are value at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
|
2
.
Property
,
plant and equipment
|
Motor Vehicles
1,585
1,585
Provision for depreciation and impairment
|
Charge for period
396
396
1,189
7 of 8
10
For the period ended 31 August 2020
A&J Property Developments Ltd
Notes to the Financial Statements Continued
2020
150,887
4
.
Trade and other receivables
|
2020
383
5
.
Trade and other payables
:
amounts falling due within one year
|
2020
154,614
6
.
Related party transactions
|
The company is under the effective control of its directors.
7
.
Directors advances and guarantees
|
Loaned
Repaid
A M Gavin
Loan from the director to the company
|
(153,640)
22
153,662
(153,640)
22
153,662
8
.
Average number of persons employed
|
During the year the average number of employees was 2
8 of 8