Company registration number 11208252 (England and Wales)
RDJK PROPERTIES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023
PAGES FOR FILING WITH REGISTRAR
RDJK PROPERTIES LIMITED
CONTENTS
Page
Balance sheet
3
Notes to the financial statements
2 - 4
RDJK PROPERTIES LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 28 FEBRUARY 2023
- 1 -
The directors present their annual report and financial statements for the year ended 28 February 2023.
Principal activities
The principal activity of the company continued to be that of Property Development
Directors
The directors who held office during the year and up to the date of signature of the financial statements were as follows:
R A Green
D J Green
J M Green
K P Green
Results and dividends
Directors' interests
The directors' interests in the shares of the company were as stated below:
Ordinary of £1 each
28 February 2023
28 February 2022
R A Green
25
25
D J Green
25
25
J M Green
25
25
K P Green
25
25
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
On behalf of the board
D J Green
Director
3 November 2023
RDJK PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023
- 2 -
1
Accounting policies
Company information
RDJK Properties Limited is a private company limited by shares incorporated in England and Wales. The registered office is 4 Doncaster Close, Stevenage, Herts, SG1 5RY.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
1.3
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.
Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.
1.4
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
RDJK PROPERTIES LIMITED
BALANCE SHEET
AS AT 28 FEBRUARY 2023
28 February 2023
- 3 -
Notes
£
£
Current assets
Stocks
260,000
260,000
Debtors
3
3,020
Cash at bank and in hand
50,228
36,271
310,228
299,291
Creditors: amounts falling due within one year
5
(7,788)
(6,720)
Net current assets
302,440
292,571
Creditors: amounts falling due after more than one year
4
(297,787)
(292,800)
Net assets/(liabilities)
4,653
(229)
Capital and reserves
Called up share capital
6
100
100
Profit and loss reserves
4,553
(329)
Total equity
4,653
(229)
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 3 November 2023 and are signed on its behalf by:
D J Green
Director
Company Registration No. 11208252
RDJK PROPERTIES LIMITED
BALANCE SHEET (CONTINUED)
AS AT 28 FEBRUARY 2023
28 February 2023
- 4 -
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
3
Debtors
Amounts falling due within one year:
£
£
Trade debtors
3,020
4
Creditors: amounts falling due after more than one year
£
£
Other creditors
297,787
292,800
5
Creditors: amounts falling due within one year
£
£
Other loans
6,000
6,000
Corporation tax
1,068
Other creditors
720
720
7,788
6,720
6
Called up share capital
£
£
Ordinary share capital
Authorised
100 Ordinary of £1 each
100
100
Issued and fully paid
100 Ordinary of £1 each
100
100
RDJK PROPERTIES LIMITED
SCHEDULE OF ADMINISTRATIVE EXPENSES
FOR THE YEAR ENDED 28 FEBRUARY 2023
- 6 -
£
Administrative expenses
Commissions payable
1,993
-
Repairs and renewals
50
1,786
Computer accessories
729
177
Motor and travel expenses
175
175
Legal fees
-
1,093
Professional fees
120
285
Accountancy
720
720
Bank charges
84
84
Insurances
636
567
Printing, postage and stationary
-
9
Sundry expenses
13
26
Loan interest
6,000
6,000
Commercial finance
337
698
10,857
11,620