Registered number: 00632864 | ||||||||
FOR THE YEAR ENDED 31 MARCH 2023 | ||||||||
Prepared By: | ||||||||
Reed-Ransted | ||||||||
Chartered Accountants | ||||||||
2 Burhill Grove | ||||||||
Pinner | ||||||||
Middlesex | ||||||||
HA5 3DW |
RENJAN PROPERTIES LIMITED | ||||||||
ACCOUNTS | ||||||||
FOR THE YEAR ENDED 31 MARCH 2023 | ||||||||
DIRECTORS | ||||||||
REGISTERED OFFICE | ||||||||
Middlesex | ||||||||
COMPANY DETAILS | ||||||||
Private company limited by shares registered in EW - England and Wales, registered number 00632864 | ||||||||
BANKERS | ||||||||
3 Beaumont Place, Hadley Highstone, Barnet, EN5 4PR. | ||||||||
ACCOUNTANTS | ||||||||
Reed-Ransted | ||||||||
Chartered Accountants | ||||||||
2 Burhill Grove | ||||||||
Pinner | ||||||||
Middlesex | ||||||||
HA5 3DW |
RENJAN PROPERTIES LIMITED | ||||||||
ACCOUNTS | ||||||||
FOR THEYEARENDED31 MARCH 2023 | ||||||||
CONTENTS | ||||||||
Page | ||||||||
Directors' Report | - | |||||||
Accountants' Report | - | |||||||
Statement Of Comprehensive Income | - | |||||||
Balance Sheet | 3 | |||||||
Notes To The Accounts | 4 | |||||||
The following do not form part of the statutory financial statements: | ||||||||
Trading And Profit And Loss Account | - | |||||||
Profit And Loss Account Summaries | - |
RENJAN PROPERTIES LIMITED | ||||||||
BALANCE SHEET AT | ||||||||||
2023 | 2022 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Tangible assets | 3 | |||||||||
CURRENT ASSETS | ||||||||||
Cash at bank and in hand | ||||||||||
15,592 | 31,374 | |||||||||
CREDITORS: Amounts falling due within one year | 5 | |||||||||
NET CURRENT (LIABILITIES) / ASSETS | ( | 21,470 | ||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | ||||||||||
CREDITORS: Amounts falling due after more than one year | 6 | 324,982 | 324,837 | |||||||
PROVISIONS FOR LIABILITIES AND CHARGES | 7 | |||||||||
NET ASSETS | ||||||||||
CAPITAL AND RESERVES | ||||||||||
Called up share capital | 8 | |||||||||
Revaluation reserve | 1d,9 | 1,263,119 | 1,309,119 | |||||||
Profit and loss account | (180,756) | (156,553) | ||||||||
SHAREHOLDERS' FUNDS | ||||||||||
Approved by the board on | ||||||||||
............................. | ||||||||||
Director | ||||||||||
............................. | ||||||||||
MJ Thain | ||||||||||
Director | ||||||||||
RENJAN PROPERTIES LIMITED | ||||||||
NOTES TO THE ACCOUNTS | ||||||||||
FOR THE YEAR ENDED 31 MARCH 2023 | ||||||||||
1. ACCOUNTING POLICIES |
1a. Basis Of Accounting | ||||||||
The accounts have been prepared under the historical cost convention. | ||||||||
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 . |
1b. Depreciation | ||||||||
Fixtures and Fittings | reducing balance 20% | |||||||
Equipment | reducing balance 20% |
1c. Investment Properties | ||||||||
Investment properties are included in the financial statements at open market value. No depreciation is provided on such property in compliance with the Financial Reporting Standard for Smaller Entities. This departure from Companies Act requirements is necessary to show a true and fair view. |
1d. Revaluation Reserve | ||||||||
Surpluses or deficits arising on the revaluation of individual fixed assets other than investment properties are credited or debited to a non-distributible reserve known as the revaluation reserve (see also note 9). | ||||||||
Revaluation deficits in excess of the amount of prior revaluation surpluses on the same asset are charged to the profit and loss account. |
2. EMPLOYEES | ||||||
2023 | 2022 | |||||
No. | No. | |||||
Average number of employees | 3 | |||||
3. TANGIBLE FIXED ASSETS | ||||||||||||||
Fixtures | ||||||||||||||
and Fittings | Equipment | Total | ||||||||||||
£ | £ | £ | ||||||||||||
Cost | ||||||||||||||
At 1 April 2022 | 13,368 | 957 | 14,325 | |||||||||||
At 31 March 2023 | 13,368 | 957 | 14,325 | |||||||||||
Depreciation | ||||||||||||||
At 1 April 2022 | 13,340 | 952 | 14,292 | |||||||||||
For the year | 27 | 4 | 31 | |||||||||||
At 31 March 2023 | 13,367 | 956 | 14,323 | |||||||||||
Net Book Amounts | ||||||||||||||
At 31 March 2023 | 2 | |||||||||||||
At 31 March 2022 | 33 | |||||||||||||
Investment properties were valued by the directors on 31 March 2023 at their fair value of £1,645,000 (2022: £1,700,000). The historic cost of investment properties is £146,881. | ||||||||||||||
RENJAN PROPERTIES LIMITED | ||||||||
4. INVESTMENT PROPERTIES | ||||
Investment | ||||
Properties | Total | |||
£ | £ | |||
Fair value | ||||
At 1 April 2022 | 1,700,000 | 1,700,000 | ||
Revaluation | (55,000) | (55,000) | ||
At 31 March 2023 | 1,645,000 | 1,645,000 | ||
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2023 | 2022 | |||||||
£ | £ | |||||||
PAYE control | 1,365 | - | ||||||
Directors current account | - | 1 | ||||||
Credit card | 10,811 | 5,622 | ||||||
Other creditors | 1,101 | - | ||||||
Accruals | 2,070 | 1,980 | ||||||
Deferred income | 2,802 | 2,301 | ||||||
18,149 | 9,904 | |||||||
The directors loans are interest free. | ||||||||
6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | ||||||||
2023 | 2022 | |||||||
£ | £ | |||||||
Bank loans (secured) >1yr | 324,982 | 324,837 | ||||||
324,982 | 324,837 | |||||||
The mortgage loans included in creditors are secured upon the mortgaged property and are repayable other than by intalments after more than 5 years. | ||||||||
7. PROVISIONS FOR LIABILITIES | 2023 | 2022 | ||||||
£ | £ | |||||||
Deferred taxation | 235,000 | 244,000 | ||||||
235,000 | 244,000 | |||||||
The deferred tax provision relates to the potential liability on disposal of investment properties. | ||||||||
8. SHARE CAPITAL | 2023 | 2022 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
100 | 100 | |||||||
100 | 100 | |||||||
RENJAN PROPERTIES LIMITED | ||||||||
9. REVALUATION RESERVE | 2023 | 2022 | ||||||
£ | £ | |||||||
Revaluation reserve | 1,263,119 | 1,309,119 | ||||||
1,263,119 | 1,309,119 | |||||||
10. CONTROLLING PARTY | ||||||||
The company is controlled by MJ and Mrs JL Thain. | ||||||||