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REGISTERED NUMBER: 06677544 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 March 2023

for

RJM SOLICITORS LIMITED

RJM SOLICITORS LIMITED (REGISTERED NUMBER: 06677544)






Contents of the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

RJM SOLICITORS LIMITED

Company Information
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: R J Mahoney
K L Jones
P A Evans
R Owen





SECRETARY: R J Mahoney





REGISTERED OFFICE: 1st & 2nd Floors
34 Victoria Street
Merthyr Tydfil
Mid Glamorgan
CF47 8BW





REGISTERED NUMBER: 06677544 (England and Wales)





ACCOUNTANTS: Hayvenhursts
Fairway House
Links Business Park
St Mellons
Cardiff
CF3 0LT

RJM SOLICITORS LIMITED (REGISTERED NUMBER: 06677544)

Balance Sheet
31 MARCH 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 5 16,600 6,400
Tangible assets 6 109,556 96,254
126,156 102,654

CURRENT ASSETS
Stocks 40,402 38,938
Debtors 7 770,834 60,610
Investments 8 - 62,850
Cash at bank and in hand 2,089,139 3,593,626
2,900,375 3,756,024
CREDITORS
Amounts falling due within one year 9 (2,126,300 ) (3,139,004 )
NET CURRENT ASSETS 774,075 617,020
TOTAL ASSETS LESS CURRENT
LIABILITIES

900,231

719,674

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 900,131 719,574
SHAREHOLDERS' FUNDS 900,231 719,674

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

RJM SOLICITORS LIMITED (REGISTERED NUMBER: 06677544)

Balance Sheet - continued
31 MARCH 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 October 2023 and were signed on its behalf by:





R J Mahoney - Director


RJM SOLICITORS LIMITED (REGISTERED NUMBER: 06677544)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

RJM Solicitors Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Significant judgements and estimates
The financial statements are prepared under the going concern basis. The directors believe this is appropriate as they believe that the company has the necessary resources at its disposal to meet its liabilities as they fall due.

The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for a period of 12 months from the date of approval of these financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.


RJM SOLICITORS LIMITED (REGISTERED NUMBER: 06677544)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2023

3. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2022 - 10 ) .

RJM SOLICITORS LIMITED (REGISTERED NUMBER: 06677544)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2023

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022 28,000
Additions 12,000
At 31 March 2023 40,000
AMORTISATION
At 1 April 2022 21,600
Charge for year 1,800
At 31 March 2023 23,400
NET BOOK VALUE
At 31 March 2023 16,600
At 31 March 2022 6,400

6. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 185,391
Additions 19,771
At 31 March 2023 205,162
DEPRECIATION
At 1 April 2022 89,137
Charge for year 6,469
At 31 March 2023 95,606
NET BOOK VALUE
At 31 March 2023 109,556
At 31 March 2022 96,254

RJM SOLICITORS LIMITED (REGISTERED NUMBER: 06677544)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2023

7. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors 46,303 40,876
Prepayments 24,531 19,734
70,834 60,610

Amounts falling due after more than one year:
Amounts owed by group undertakings 700,000 -

Aggregate amounts 770,834 60,610

8. CURRENT ASSET INVESTMENTS
2023 2022
£    £   
Other - 62,850

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed to associates 8,250 -
Tax 55,562 38,699
Social security and other taxes 3,878 4,081
VAT 34,129 35,303
Other creditors 1,985,531 3,036,376
Directors' current accounts 3,750 -
Accrued expenses 35,200 24,545
2,126,300 3,139,004

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party of the company in the year under review was RO Holdings Ltd a company wholly owned by Mr R. Owen.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
RJM Solicitors Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of RJM Solicitors Limited for the year ended 31 March 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of RJM Solicitors Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of RJM Solicitors Limited and state those matters that we have agreed to state to the Board of Directors of RJM Solicitors Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than RJM Solicitors Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that RJM Solicitors Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of RJM Solicitors Limited. You consider that RJM Solicitors Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of RJM Solicitors Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Hayvenhursts
Fairway House
Links Business Park
St Mellons
Cardiff
CF3 0LT


12 October 2023