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Unaudited Financial Statements

for the Year Ended 29 February 2024

for

Rayment Matthews & Johnson Limited

Rayment Matthews & Johnson Limited (Registered number: 00862191)

Contents of the Financial Statements
for the Year Ended 29 February 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Rayment Matthews & Johnson Limited

Company Information
for the Year Ended 29 February 2024







DIRECTORS: K S F Johnson
Ms V E Cooper
A M October





SECRETARY: Mrs R Johnson





REGISTERED OFFICE: Little Folly
Ewood Lane
Newdigate
Dorking
Surrey
RH5 5AR





REGISTERED NUMBER: 00862191 (England and Wales)





ACCOUNTANTS: Williams & Co
Chartered Accountants
8/10 South Street
Epsom
Surrey
KT18 7PF

Rayment Matthews & Johnson Limited (Registered number: 00862191)

Balance Sheet
29 February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 11,207 2,443
Investment property 5 2,200,000 2,200,000
2,211,207 2,202,443

CURRENT ASSETS
Debtors 6 38,211 57,377
Cash at bank and in hand 548,347 563,453
586,558 620,830
CREDITORS
Amounts falling due within one year 7 38,918 73,046
NET CURRENT ASSETS 547,640 547,784
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,758,847

2,750,227

CREDITORS
Amounts falling due after more than one
year

8

(637,728

)

(635,614

)

PROVISIONS FOR LIABILITIES 9 (150,501 ) (118,159 )
NET ASSETS 1,970,618 1,996,454

CAPITAL AND RESERVES
Called up share capital 10 15,000 15,000
Revaluation reserve 11 1,481,495 1,511,035
Retained earnings 474,123 470,419
SHAREHOLDERS' FUNDS 1,970,618 1,996,454

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 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.

Rayment Matthews & Johnson Limited (Registered number: 00862191)

Balance Sheet - continued
29 February 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 August 2024 and were signed on its behalf by:





Ms V E Cooper - Director


Rayment Matthews & Johnson Limited (Registered number: 00862191)

Notes to the Financial Statements
for the Year Ended 29 February 2024


1. STATUTORY INFORMATION

Rayment Matthews & Johnson 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 net commissions received from insurance brokerage and general pension & life assurance commissions.

The insurance brokerage income is recognised when the policies are agreed and the commissions are accounted for at the point.

Commissions earned from general pension and life assurance work are recognised when the commission is paid.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% 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.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Rayment Matthews & Johnson Limited (Registered number: 00862191)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024


4. TANGIBLE FIXED ASSETS
Improvements
to
property
£   
COST OR VALUATION
At 1 March 2023 3,624
Additions 10,140
At 29 February 2024 13,764
DEPRECIATION
At 1 March 2023 1,181
Charge for year 1,376
At 29 February 2024 2,557
NET BOOK VALUE
At 29 February 2024 11,207
At 28 February 2023 2,443

Cost or valuation at 29 February 2024 is represented by:

Improvements
to
property
£   
Cost 13,764

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2023
and 29 February 2024 2,200,000
NET BOOK VALUE
At 29 February 2024 2,200,000
At 28 February 2023 2,200,000

Fair value at 29 February 2024 is represented by:
£   
Valuation in 1999 566,434
Valuation in 2004 310,782
Valuation in 2013 120,000
Valuation in 2017 559,402
Cost 643,382
2,200,000

If the freehold properties had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 643,382 643,382

The Freehold Properties were valued on an open market basis on 21 February 2017 by Metrus Limited .

Rayment Matthews & Johnson Limited (Registered number: 00862191)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 36,790 50,497
Tax 481 -
Prepayments 940 6,880
38,211 57,377

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Tax - 1,244
Accrued expenses 38,918 71,802
38,918 73,046

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Directors' loan accounts 637,728 635,614

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 150,501 118,159

Deferred
tax
£   
Balance at 1 March 2023 118,159
Accelerated capital allowance 32,342
Balance at 29 February 2024 150,501

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
15,000 Ordinary £1 15,000 15,000

11. RESERVES

The fair value reserve represents the cumulative effect of revaluations of freehold land and buildings which are revalued to fair value at each reporting date.

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Harry Johnson