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REGISTERED NUMBER: 12051101 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

RICJAM LIMITED

RICJAM LIMITED (REGISTERED NUMBER: 12051101)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RICJAM LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: Mr J A Goldsobel
Mr R D L Power





SECRETARY: Mr R D L Power





REGISTERED OFFICE: 55 Loudoun Road
London
NW8 0DL





REGISTERED NUMBER: 12051101 (England and Wales)





ACCOUNTANTS: MGR SD Limited
55 Loudoun Road
London
NW8 0DL

RICJAM LIMITED (REGISTERED NUMBER: 12051101)

BALANCE SHEET
30 JUNE 2024

30.6.24 30.6.23
Notes £    £   
FIXED ASSETS
Investment property 4 450,000 450,000

CURRENT ASSETS
Cash at bank 5,319 17,533

CREDITORS
Amounts falling due within one year 5 (64,393 ) (79,076 )
NET CURRENT LIABILITIES (59,074 ) (61,543 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

390,926

388,457

CREDITORS
Amounts falling due after more than one year 6 (337,500 ) (337,500 )

PROVISIONS FOR LIABILITIES 8 (12,265 ) (12,265 )
NET ASSETS 41,161 38,692

CAPITAL AND RESERVES
Called up share capital 9 100 100
Fair value reserve 10 36,794 36,794
Retained earnings 4,267 1,798
SHAREHOLDERS' FUNDS 41,161 38,692

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

RICJAM LIMITED (REGISTERED NUMBER: 12051101)

BALANCE SHEET - continued
30 JUNE 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 14 August 2024 and were signed on its behalf by:




Mr J A Goldsobel - Director



Mr R D L Power - Director


RICJAM LIMITED (REGISTERED NUMBER: 12051101)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024


1. STATUTORY INFORMATION

Ricjam 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 rent received.

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.

Going concern
The company's balance sheet shows net current liabilities of £59,074 (2023: £61,543). However, the main element of this is the intercompany balance with Richard James Estate Agents Limited £61,464 (2023: £61,464). The directors will continue to provide support to the company and they will not seek to withdraw funds from the company unless there are sufficient funds available. On this basis the directors consider it appropriate to prepare the financial statements on the going concern basis.

Taxation
Taxation for the period 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 period 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 2 (2023 - 2 ) .

RICJAM LIMITED (REGISTERED NUMBER: 12051101)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023
and 30 June 2024 450,000
NET BOOK VALUE
At 30 June 2024 450,000
At 30 June 2023 450,000

Fair value at 30 June 2024 is represented by:
£   
Valuation in 2022 49,058
Cost 400,942
450,000

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Amounts owed to related party 61,464 61,464
Taxation and social security 1,939 422
Other creditors 990 17,190
64,393 79,076

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Bank loans 337,500 337,500

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 337,500 337,500

RICJAM LIMITED (REGISTERED NUMBER: 12051101)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


7. SECURED DEBTS

The following secured debts are included within creditors:

30.6.24 30.6.23
£    £   
Bank loans 337,500 337,500

The bank loans are secured by a mortgage deed over the company's investment property.

8. PROVISIONS FOR LIABILITIES
30.6.24 30.6.23
£    £   
Deferred tax 12,265 12,265

Deferred
tax
£   
Balance at 1 July 2023 12,265
Balance at 30 June 2024 12,265

9. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
100 Share capital 1 £1 100 100

10. RESERVES
Fair
value
reserve
£   
At 1 July 2023
and 30 June 2024 36,794

11. RELATED PARTY DISCLOSURES

Included in the creditors is an amount of £61,464 (2023: £61,464) owed to Richard James Estate Agents Limited, a company related by virtue of common shareholding.