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REGISTERED NUMBER: 10422667 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2023

for

RJK Development Ltd

RJK Development Ltd (Registered number: 10422667)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RJK Development Ltd

Company Information
for the Year Ended 31 October 2023







DIRECTOR: G G Steel





REGISTERED OFFICE: G G Steel
Station Road
Kirton Lindsey
North Lincolnshire
DN214BD





REGISTERED NUMBER: 10422667 (England and Wales)






RJK Development Ltd (Registered number: 10422667)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 483,332 444,336

CURRENT ASSETS
Debtors 5 4,867 1,127
Cash at bank 6,735 2,980
11,602 4,107
CREDITORS
Amounts falling due within one year 6 86,147 64,175
NET CURRENT LIABILITIES (74,545 ) (60,068 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

408,787

384,268

CREDITORS
Amounts falling due after more than one
year

7

(277,400

)

(291,222

)

PROVISIONS FOR LIABILITIES (17,267 ) (9,919 )
NET ASSETS 114,120 83,127

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 114,020 83,027
114,120 83,127

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

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

The director acknowledges his 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.

RJK Development Ltd (Registered number: 10422667)

Balance Sheet - continued
31 October 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 director and authorised for issue on 31 May 2024 and were signed by:





G G Steel - Director


RJK Development Ltd (Registered number: 10422667)

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

1. STATUTORY INFORMATION

RJK Development Ltd 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. 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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

RJK Development Ltd (Registered number: 10422667)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and
property fittings Totals
£    £    £   
COST
At 1 November 2022 387,709 91,692 479,401
Additions - 51,350 51,350
At 31 October 2023 387,709 143,042 530,751
DEPRECIATION
At 1 November 2022 - 35,065 35,065
Charge for year - 12,354 12,354
At 31 October 2023 - 47,419 47,419
NET BOOK VALUE
At 31 October 2023 387,709 95,623 483,332
At 31 October 2022 387,709 56,627 444,336

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors 4,867 1,127

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans and overdrafts 24,570 39,438
Trade creditors 3,790 2,282
Taxation and social security 4,229 10,772
Other creditors 53,558 11,683
86,147 64,175

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.23 31.10.22
£    £   
Bank loans 277,400 291,222

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 179,121 133,470

RJK Development Ltd (Registered number: 10422667)

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

8. SECURED DEBTS

The following secured debts are included within creditors:

31.10.23 31.10.22
£    £   
Bank loans 301,970 330,660

The bank loan is secured by way of a first legal charge against the company's freehold property and an unlimited debenture incorporating a fixed and floating charge.

9. RELATED PARTY DISCLOSURES

31.10.23 31.10.22
£ £
Balance owed to related parties 52,122 3,757
Balance owing from related parties - -
Purchases from related parties during the year - -
Services provided to related parties during the year - -

Related parties are companies in which the director is also a director or has a controlling interest.

10. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.