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A&J Property Developments Ltd
|
Registered Number
:
12167864
|
For the year ended 31 August 2021
England and Wales
Report of the Directors and Unaudited Financial Statements
2
For the year ended 31 August 2021
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 year ended 31 August 2021
A&J Property Developments Ltd
Company Information
A M Gavin
Directors
Mrs G M Gavin
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 year ended 31 August 2021
A&J Property Developments Ltd
Directors' Report
The directors present their report and financial statements for the year ended 31 August 2021.
The principal activity of the company was that of the property development. 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 year were as follows:
A M Gavin
Mrs G M Gavin
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.
|
18 March 2022
2 of 8
5
For the year ended 31 August 2021
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 year ended
31
August
2021
|
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 year ended
31
August
2021
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 profit 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
18 March 2022
3 of 8
6
For the year ended 31 August 2021
A&J Property Developments Ltd
Income Statement
2020
2021
180,000
-
-
(154,717)
-
Gross profit
25,283
(3,045)
(1,866)
Operating profit
22,238
(1,866)
22,238
(1,866)
Profit before taxation
(3,904)
-
18,334
Profit for the financial year
(1,866)
4 of 8
7
A&J Property Developments Ltd
Statement of Financial Position
2020
2021
Property
,
plant and equipment
|
892
1,189
2
892
1,189
150,887
-
3
Trade and other receivables
|
383
161
4
311
Cash and cash equivalents
|
161,933
162,094
151,581
Trade and other payables
:
amounts falling due within one
|
year
|
(154,614)
(154,496)
5
(3,033)
7,598
Net current assets
Total assets less current liabilities
|
8,490
(1,844)
8,490
Net assets/liabilities
(1,844)
22
22
8,468
(1,866)
8,490
(1,844)
Shareholders' funds
For the year ended 31 August 2021 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 year ended 31 August 2021 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 18 March 2022 and were signed by:
|
The notes form part of these financial statements
|
5 of 8
8
For the year ended 31 August 2021
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
and
01
September
2020
|
(1,844)
(1,866)
22
18,334
18,334
Profit/Loss for the year
(8,000)
(8,000)
Balance at
31
August
2021
|
22
8,468
8,490
6 of 8
9
For the year ended 31 August 2021
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
|
396
Charge for year
297
693
892
1,189
7 of 8
10
For the year ended 31 August 2021
A&J Property Developments Ltd
Notes to the Financial Statements Continued
2020
2021
-
150,887
4
.
Trade and other receivables
|
2020
2021
161
383
5
.
Trade and other payables
:
amounts falling due within one year
|
2020
2021
Taxation and social security
|
3,904
-
150,592
154,614
154,496
154,614
Included within taxation and social security is corporation tax of £3,904 (2020: Nil).
6
.
Related party transactions
|
A dividend of £
8
,
000
was paid in the year
.
|
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
|
149,978
153,640
1,338
5,000
149,978
153,640
1,338
5,000
8
.
Average number of persons employed
|
During the year the average number of employees was 2 (2020 : 2)
8 of 8