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Registration number: SC652616

RJB Property Consultants and Surveyors Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 31 January 2023

 

RJB Property Consultants and Surveyors Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

 

RJB Property Consultants and Surveyors Ltd

Company Information

Director

Miss Rhea Jane Balfour

Registered office

36 Somerville Road
Balerno
Edinburgh
EH14 5BF

Accountants

Clyde Business Services
159 King Street
Glasgow
Lanarkshire
G73 1BZ

 

RJB Property Consultants and Surveyors Ltd

(Registration number: SC652616)
Balance Sheet as at 31 January 2023

Note

2023
£

2022
£

Fixed assets

 

Intangible assets

4

6,332

8,442

Tangible assets

5

621

776

 

6,953

9,218

Current assets

 

Cash at bank and in hand

 

469

33

Creditors: Amounts falling due within one year

6

(1,066)

(1,213)

Net current liabilities

 

(597)

(1,180)

Total assets less current liabilities

 

6,356

8,038

Creditors: Amounts falling due after more than one year

6

(14,220)

(18,197)

Net liabilities

 

(7,864)

(10,159)

Capital and reserves

 

Called up share capital

7

1

1

Retained earnings

(7,865)

(10,160)

Shareholders' deficit

 

(7,864)

(10,159)

For the financial year ending 31 January 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges her 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 in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 22 September 2023
 

.........................................
Miss Rhea Jane Balfour
Director

 

RJB Property Consultants and Surveyors Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2023

1

General information

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

The address of its registered office is:
36 Somerville Road
Balerno
Edinburgh
EH14 5BF

These financial statements were authorised for issue by the director on 22 September 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 smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

equipment

20% reducing balance

 

RJB Property Consultants and Surveyors Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2023

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

website

20% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

 

RJB Property Consultants and Surveyors Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2023

4

Intangible assets

Other intangible assets
 £

Total
£

Cost or valuation

At 1 February 2022

10,552

10,552

At 31 January 2023

10,552

10,552

Amortisation

At 1 February 2022

2,110

2,110

Amortisation charge

2,110

2,110

At 31 January 2023

4,220

4,220

Carrying amount

At 31 January 2023

6,332

6,332

At 31 January 2022

8,442

8,442

5

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 February 2022

1,213

1,213

At 31 January 2023

1,213

1,213

Depreciation

At 1 February 2022

437

437

Charge for the year

155

155

At 31 January 2023

592

592

Carrying amount

At 31 January 2023

621

621

At 31 January 2022

776

776

6

Creditors

Creditors: amounts falling due within one year

 

RJB Property Consultants and Surveyors Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2023

2023
£

2022
£

Due within one year

Trade creditors

450

450

Other creditors

616

763

1,066

1,213

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

8

14,220

18,197

7

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary of £1 each

1

1

1

1

         

8

Loans and borrowings

2023
£

2022
£

Non-current loans and borrowings

Bank borrowings

14,220

18,197

9

Related party transactions

 

RJB Property Consultants and Surveyors Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2023

Director's remuneration

The director's remuneration for the year was as follows:

2023
£

2022
£

Remuneration

4,500

-