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Registered number: 00632864
RENJAN PROPERTIES LIMITED
ACCOUNTS
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
Mrs JL Thain
MJ Thain
REGISTERED OFFICE
Finance House
522 Uxbridge Road
Pinner
Middlesex
HA5 3PU
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 Sheet3
Notes To The Accounts4
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 31 March 2023
20232022
Notes££
FIXED ASSETS
Tangible assets31,645,0021,700,033
CURRENT ASSETS
Cash at bank and in hand15,59231,374
15,59231,374
CREDITORS: Amounts falling due within one year518,1499,904
NET CURRENT (LIABILITIES) / ASSETS(2,557)21,470
TOTAL ASSETS LESS CURRENT LIABILITIES1,642,4451,721,503
CREDITORS: Amounts falling due after more than one year6324,982324,837
PROVISIONS FOR LIABILITIES AND CHARGES7235,000244,000
NET ASSETS1,082,4631,152,666
CAPITAL AND RESERVES
Called up share capital8100100
Revaluation reserve1d,91,263,1191,309,119
Profit and loss account(180,756)(156,553)
SHAREHOLDERS' FUNDS1,082,4631,152,666
For the year ending 31 March 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 4 October 2023 and signed on their behalf by
.............................
Mrs JL Thain
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
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Fixtures and Fittingsreducing balance 20%
Equipmentreducing 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
20232022
No.No.
Average number of employees33
3. TANGIBLE FIXED ASSETS
Fixtures
and FittingsEquipmentTotal
£££
Cost
At 1 April 202213,36895714,325
At 31 March 202313,36895714,325
Depreciation
At 1 April 202213,34095214,292
For the year27431
At 31 March 202313,36795614,323
Net Book Amounts
At 31 March 2023112
At 31 March 202228533
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
PropertiesTotal
££
Fair value
At 1 April 20221,700,0001,700,000
Revaluation(55,000)(55,000)
At 31 March 20231,645,0001,645,000
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
PAYE control1,365-
Directors current account-1
Credit card10,8115,622
Other creditors1,101-
Accruals2,0701,980
Deferred income2,8022,301
18,1499,904
The directors loans are interest free.
6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20232022
££
Bank loans (secured) >1yr324,982324,837
324,982324,837
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 20232022
££
Deferred taxation235,000244,000
235,000244,000
The deferred tax provision relates to the potential liability on disposal of investment properties.
8. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
100 Ordinary shares of £1 each100100
100100
RENJAN PROPERTIES LIMITED
9. REVALUATION RESERVE 20232022
££
Revaluation reserve1,263,1191,309,119
1,263,1191,309,119
10. CONTROLLING PARTY
The company is controlled by MJ and Mrs JL Thain.