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REGISTERED NUMBER: 13371042 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 May 2024

for

RJ Future Ltd

RJ Future Ltd (Registered number: 13371042)






Contents of the Financial Statements
for the year ended 31 May 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


RJ Future Ltd

Company Information
for the year ended 31 May 2024







DIRECTOR: R J Batson





REGISTERED OFFICE: Lane End Benty Heath Lane
Willaston
Wirral
CH64 1SA





REGISTERED NUMBER: 13371042 (England and Wales)





ACCOUNTANTS: Banks Sheridan
Datum House
Electra Way
Crewe
Cheshire
CW1 6ZF

RJ Future Ltd (Registered number: 13371042)

Statement of Financial Position
31 May 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 5 146 433
Investment property 6 240,000 235,000
240,146 235,433

CURRENT ASSETS
Cash at bank and in hand 1,753 11,911

CREDITORS
Amounts falling due within one year 7 (207,476 ) (221,093 )
NET CURRENT LIABILITIES (205,723 ) (209,182 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

34,423

26,251

PROVISIONS FOR LIABILITIES (6,303 ) (5,124 )
NET ASSETS 28,120 21,127

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 28,020 21,027
28,120 21,127

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 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.

RJ Future Ltd (Registered number: 13371042)

Statement of Financial Position - continued
31 May 2024


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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 7 August 2024 and were signed by:





R J Batson - Director


RJ Future Ltd (Registered number: 13371042)

Notes to the Financial Statements
for the year ended 31 May 2024

1. STATUTORY INFORMATION

RJ Future Ltd ('The Company') is a property investment company.

The company is a private company unlimited by shares and is incorporated in England and Wales. The registered office address is Lane End Benty Heath Lane, Willaston, Neston, Wirral, CH64 1SA. The company's registered number is 13371042.

The functional and presentational currency of the financial statements is the Pound Sterling (£). Monetary amounts in these financial statements are rounded to the nearest £.

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

Summary of significant accounting policies
The principal accounting policies applied in the preparation of these financial statements are set out below.

These policies have been consistently applied to all years presented, unless otherwise stated.

Basis of preparation
The financial statements are prepared on the going concern basis under the historical cost convention and comply with the United Kingdom Accounting Standards and Companies Act 2006.

Going concern
No material uncertainties that may cast doubt about the ability of the company to continue as a going concern, notwithstanding the net current liability position shown in the balance sheet, have been identified by the director.

On this basis the director considers it appropriate to prepare the financial statements on the going concern basis.

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

Computer equipment33% on cost

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.

Financial instruments
The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors, bank loans and directors' loans.

Bank loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Directors' loans (being repayable on demand), trade debtors and trade creditors are measured at the discounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings.

RJ Future Ltd (Registered number: 13371042)

Notes to the Financial Statements - continued
for the year ended 31 May 2024

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 June 2023 1,298
Additions 219
Disposals (199 )
At 31 May 2024 1,318
DEPRECIATION
At 1 June 2023 865
Charge for year 506
Eliminated on disposal (199 )
At 31 May 2024 1,172
NET BOOK VALUE
At 31 May 2024 146
At 31 May 2023 433

RJ Future Ltd (Registered number: 13371042)

Notes to the Financial Statements - continued
for the year ended 31 May 2024

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2023 235,000
Revaluations 5,000
At 31 May 2024 240,000
NET BOOK VALUE
At 31 May 2024 240,000
At 31 May 2023 235,000

Fair value at 31 May 2024 is represented by:
£   
Valuation in 2024 240,000

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 811 1,291
Other creditors 206,665 219,802
207,476 221,093

8. NON-DISTRIBUTABLE RESERVE

Included within retained earnings is an amount of £18,798 which is a non-distributable reserve.