Aj Capital Management Llc

Event Detail: ON 8 OCTOBER 2022, THE DIRECTORS OF SDHUK OPERATOR LTD (COMPANY NUMBER NI673203) (THE "COMPANY") WERE CHARGED WITH FAILURE TO COMPLY WITH SECTION 441 OF THE COMPANIES ACT 2006 IN THAT THE DIRECTORS (ON BEHALF OF THE COMPANY) FAILED TO FILE ACCOUNTS AND REPORTS FOR THE FINANCIAL YEAR BEFORE THE END OF THE PERIOD FOR FILING THE SAID ACCOUNTS AND REPORTS, CONTRARY TO SECTION 451 OF THE COMPANIES ACT 2006. EACH OF THE DIRECTORS PLED GUILTY TO SUCH CHARGES, WHICH MAY BE CATEGORIZED INVESTMENT-RELATED TO THE EXTENT THE COMPANY (1) OWNS AND CONTROLS REAL ESTATE AND (2) IS ITSELF OWNED BY AN INVESTMENT VEHICLE SPONSORED BY AJ INVESTMENT MANAGER LLC. Status: Final Disposition: THE CHARGES RESULTED IN A CONVICTION FOR EACH DIRECTOR AS OF 17 OCTOBER 2023 WITH A FINE OF £165 PER DIRECTOR AND PAYMENT TO BE MADE BEFORE 26 DECEMBER 2023. EACH OF THE DIRECTORS PAID SUCH FINE ON OR BEFORE 29 OCTOBER 2023. Summary: THE CONVICTION ARISES OUT OF A CHARGE FOR FAILING TO COMPLY WITH THE UNITED KINGDOM'S COMPANIES ACT 2006, AND THE COMPANY'S OBLIGATION TO DISCLOSE ACCOUNTS AND REPORTS ON TIME. THE RELEVANT ACCOUNTS (YEAR-END 2021) HAVE SUBSEQUENTLY BEEN FILED AND WITH NO ISSUES RAISED BY CREDITORS. THE ACCOUNTS OUGHT TO HAVE BEEN DELIVERED BY 7 OCTOBER 2022 AND IT WAS ACCEPTED THAT THEY WERE FILED LATE. THERE WERE A NUMBER OF REASONS FOR THE INADVERTENT LATE FILING. THE COMPANY WAS FORMED AS PART OF THE INVESTMENT BY AJ RCD FUND LLC, AND ITS ACQUISITION OF THE SLIEVE DONARD HOTEL IN NORTHERN IRELAND. CONSIDERABLE WORK WAS SUBSEQUENTLY REQUIRED BY THE COMPANY'S ACCOUNTANTS WHEN COMPLETING THEIR AUDIT RELATED TO THE PERIOD OF TIME THAT THE HOTEL WAS OWNED BY THE PREVIOUS OWNER IN ORDER TO FILE SUFFICIENT ACCOUNTS AND REPORTS. FURTHERMORE, DUE TO THE REQUIREMENT FOR THE REGISTERED OFFICE OF THE COMPANY TO HAVE BEEN IN NORTHERN IRELAND, THE HOTEL ADDRESS ITSELF HAD TO BE USED AS THE REGISTERED OFFICE ADDRESS. THE HOTEL WAS GOING THROUGH SUBSTANTIAL RENOVATION FROM LATE 2022 INTO 2023. THIS CAUSED SIGNIFICANT DISRUPTION WITH ONLY SKELETON STAFF BEING ON SITE, WHICH RESULTED IN THE CORRESPONDENCE FROM COMPANIES HOUSE AND SUBSEQUENTLY THE PUBLIC PROSECUTION SERVICE BEING MISSED. THE SUBJECT OFFENCE CAN ONLY INCUR A MAXIMUM FINE OF £5,000 WITH NO POTENTIAL FOR IMPRISONMENT. ALTHOUGH THE COURT WAS BOUND BY THE LAW TO UPHOLD THE CONVICTIONS AS THE ACCOUNTS WERE FILED LATE, AFTER EXAMINING THE FACTS AND CIRCUMSTANCES BEHIND THE LATE FILINGS, THE COURT DECREED THE LOWEST LEVEL OF FINE POSSIBLE FOR EACH DIRECTOR (£150 PLUS OFFENDER LEVY OF £15 - TOTAL £165 PER DIRECTOR).