R & R PROPERTIES (MK) LTD

Company Registration Number:
13853084 (England and Wales)

Unaudited abridged accounts for the year ended 31 January 2023

Period of accounts

Start date: 17 January 2022

End date: 31 January 2023

R & R PROPERTIES (MK) LTD

Contents of the Financial Statements

for the Period Ended 31 January 2023

Balance sheet
Notes

R & R PROPERTIES (MK) LTD

Balance sheet

As at 31 January 2023


Notes

2023


£
Fixed assets
Tangible assets: 3 682,271
Total fixed assets: 682,271
Current assets
Cash at bank and in hand: 7,764
Total current assets: 7,764
Creditors: amounts falling due within one year: 4 (212,837)
Net current assets (liabilities): (205,073)
Total assets less current liabilities: 477,198
Creditors: amounts falling due after more than one year: 5 (481,990)
Total net assets (liabilities): (4,792)
Capital and reserves
Called up share capital: 2
Profit and loss account: (4,794)
Shareholders funds: (4,792)

The notes form part of these financial statements

R & R PROPERTIES (MK) LTD

Balance sheet statements

For the year ending 31 January 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 16 October 2023
and signed on behalf of the board by:

Name: Ajay Mattu
Status: Director

The notes form part of these financial statements

R & R PROPERTIES (MK) LTD

Notes to the Financial Statements

for the Period Ended 31 January 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Tangible fixed assets and depreciation policy

Depreciation:Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:Plant and machinery - 25% straight line If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Other accounting policies

Investment property:Investment property is measured initially at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

R & R PROPERTIES (MK) LTD

Notes to the Financial Statements

for the Period Ended 31 January 2023

2. Employees

2023
Average number of employees during the period 2

R & R PROPERTIES (MK) LTD

Notes to the Financial Statements

for the Period Ended 31 January 2023

3. Tangible Assets

Total
Cost £
Additions 682,356
At 31 January 2023 682,356
Depreciation
Charge for year 85
At 31 January 2023 85
Net book value
At 31 January 2023 682,271

Investment property:Included within the above is investment property measured at fair value as follows: Additions £682,017Fair value at period end is derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in the profit and loss account.

R & R PROPERTIES (MK) LTD

Notes to the Financial Statements

for the Period Ended 31 January 2023

4. Creditors: amounts falling due within one year note

Other creditors £212,837

R & R PROPERTIES (MK) LTD

Notes to the Financial Statements

for the Period Ended 31 January 2023

5. Creditors: amounts falling due after more than one year note

Bank loans and overdrafts: £481,990The loans payable are secured against the values of the investment properties.