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REGISTERED NUMBER: 07635497 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 March 2023

for

J.R.C. Shops Limited

J.R.C. Shops Limited (Registered number: 07635497)






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


J.R.C. Shops Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: Mrs P A Taw
G E Taw





SECRETARY: Mrs P A Taw





REGISTERED OFFICE: 12 Acorn Business Park
Northarbour Road
Portsmouth
Hampshire
PO6 3TH





REGISTERED NUMBER: 07635497 (England and Wales)





ACCOUNTANTS: Hughes Spencer
12 Acorn Business Park
Northarbour Road
Portsmouth
Hampshire
PO6 3TH

J.R.C. Shops Limited (Registered number: 07635497)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 464,512 464,512

CURRENT ASSETS
Debtors 5 16,196 553
Cash at bank 10,548 17,699
26,744 18,252
CREDITORS
Amounts falling due within one year 6 17,108 17,380
NET CURRENT ASSETS 9,636 872
TOTAL ASSETS LESS CURRENT
LIABILITIES

474,148

465,384

PROVISIONS FOR LIABILITIES 12,771 12,771
NET ASSETS 461,377 452,613

CAPITAL AND RESERVES
Called up share capital 365,100 365,100
Non distributable retained
earnings 81,022 81,022
Retained earnings 15,255 6,491
SHAREHOLDERS' FUNDS 461,377 452,613

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.

J.R.C. Shops Limited (Registered number: 07635497)

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 2 November 2023 and were signed on its behalf by:





Mrs P A Taw - Director


J.R.C. Shops Limited (Registered number: 07635497)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

J.R.C. Shops 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover represents rents received from investment properties.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022
and 31 March 2023 464,512
NET BOOK VALUE
At 31 March 2023 464,512
At 31 March 2022 464,512

Fair value at 31 March 2023 is represented by:
£   
Valuation in 2022 93,793
Cost 370,719
464,512

If the investment property had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 370,719 370,719

The investment property was valued on an open market basis on 31 March 2023 by the company directors .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 16,196 553

J.R.C. Shops Limited (Registered number: 07635497)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 7,216 7,276
Other creditors 9,892 10,104
17,108 17,380

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2023 and 31 March 2022:

2023 2022
£    £   
G E Taw and Mrs P A Taw
Balance outstanding at start of year - -
Amounts advanced 31,000 -
Amounts repaid (16,357 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 14,643 -

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the directors.