Company Registration No. 11814340 (England and Wales)
RJM DEVELOPMENT LTD
Unaudited accounts
for the period from 1 March 2023 to 28 February 2024
RJM DEVELOPMENT LTD
Unaudited accounts
Contents
RJM DEVELOPMENT LTD
Company Information
for the period from 1 March 2023 to 28 February 2024
Directors
Mr Matthew James Mahoney
Mr Jack Oliver Cole
Miss Rose May Mahoney
Company Number
11814340 (England and Wales)
Registered Office
4 Baird Road
Enfield
Middlesex
EN1 1SJ
Accountants
Stoke Newington Accountants & Tax Consultants Ltd
4 Baird Road
Enfield
Middlesex
EN1 1SJ
RJM DEVELOPMENT LTD
Statement of financial position
as at 28 February 2024
Tangible assets
254,546
254,546
Cash at bank and in hand
12,848
15,104
Creditors: amounts falling due within one year
(150,415)
(138,992)
Net current liabilities
(137,567)
(123,888)
Total assets less current liabilities
116,979
130,658
Creditors: amounts falling due after more than one year
(129,920)
(139,326)
Net liabilities
(12,941)
(8,668)
Called up share capital
3
3
Profit and loss account
(12,944)
(8,671)
Shareholders' funds
(12,941)
(8,668)
For the period ending 28 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 3 June 2024 and were signed on its behalf by
Mr Matthew James Mahoney
Director
Company Registration No. 11814340
RJM DEVELOPMENT LTD
Notes to the Accounts
for the period from 1 March 2023 to 28 February 2024
RJM DEVELOPMENT LTD is a private company, limited by shares, registered in England and Wales, registration number 11814340. The registered office is 4 Baird Road, Enfield, Middlesex, EN1 1SJ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Expenditure on research and development is written off in the year in which it is incurred.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
The directors have identified material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern, however, the going concern basis remains appropriate.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
RJM DEVELOPMENT LTD
Notes to the Accounts
for the period from 1 March 2023 to 28 February 2024
4
Tangible fixed assets
Land & buildings
At 28 February 2024
254,546
At 28 February 2024
254,546
At 28 February 2023
254,546
5
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
21,217
21,217
Amounts owed to group undertakings and other participating interests
7,257
7,257
Loans from directors
119,101
108,478
6
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
129,920
139,326
Allotted, called up and fully paid:
3 Ordinary shares of £1 each
3
3
8
Transactions with related parties
At the balance sheet date, where the director held controlling interest, the company owed to the directors £119,101.
The company's ultimate controlling party is Mr Matthew James Mahoney, Mr Jack Oliver Cole and Miss Rose May Mahoney as they hold all of the issued share capital equally in the company.
10
Average number of employees
During the period the average number of employees was 3 (2023: 3).