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REGISTERED NUMBER: 10502836 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

R & J PROPERTIES (YORKSHIRE) LTD

R & J PROPERTIES (YORKSHIRE) LTD (REGISTERED NUMBER: 10502836)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


R & J PROPERTIES (YORKSHIRE) LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTORS: R Beaumont
Mrs J A Beaumont





REGISTERED OFFICE: Elmwood House
York Road
Kirk Hammerton
York
North Yorkshire
YO26 8DH





REGISTERED NUMBER: 10502836 (England and Wales)





ACCOUNTANTS: Positive Accountants
Elmwood House
York Road
Kirk Hammerton
York
North Yorkshire
YO26 8DH

R & J PROPERTIES (YORKSHIRE) LTD (REGISTERED NUMBER: 10502836)

BALANCE SHEET
30 NOVEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 3 7,426,600 7,425,760

CURRENT ASSETS
Stocks 47,240 47,240
Debtors 4 2,330 16,028
Cash at bank 5,573 841
55,143 64,109
CREDITORS
Amounts falling due within one year 5 310,329 79,587
NET CURRENT LIABILITIES (255,186 ) (15,478 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,171,414

7,410,282

CREDITORS
Amounts falling due after more than one
year

6

2,564,673

2,833,345
NET ASSETS 4,606,741 4,576,937

R & J PROPERTIES (YORKSHIRE) LTD (REGISTERED NUMBER: 10502836)

BALANCE SHEET - continued
30 NOVEMBER 2023

2023 2022
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 200 200
Share premium 4,576,681 4,576,681
Retained earnings 29,860 56
4,606,741 4,576,937

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 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.

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 28 August 2024 and were signed on its behalf by:





R Beaumont - Director


R & J PROPERTIES (YORKSHIRE) LTD (REGISTERED NUMBER: 10502836)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023


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

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.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - NIL ) .

R & J PROPERTIES (YORKSHIRE) LTD (REGISTERED NUMBER: 10502836)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


3. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2022 7,425,760
Additions 840
At 30 November 2023 7,426,600
NET BOOK VALUE
At 30 November 2023 7,426,600
At 30 November 2022 7,425,760

Fair value at 30 November 2023 is represented by:
£   
Valuation in 2022 7,425,760
Valuation in 2023 840
7,426,600

If the property had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 7,426,600 7,425,760

Investment properties were valued on an open market basis on 30 November 2023 by the Directors .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 2,330 -
Amounts owed by associates - 500
Other debtors - 15,528
2,330 16,028

R & J PROPERTIES (YORKSHIRE) LTD (REGISTERED NUMBER: 10502836)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 275,672 74,781
Trade creditors 3,443 1,987
Taxation and social security 28,758 1,719
Other creditors 2,456 1,100
310,329 79,587

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 2,564,673 2,833,345

7. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 2,840,345 2,908,126

The bank loan is secured by a fixed and floating charge over the company's assets.

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 November 2023 and 30 November 2022:

2023 2022
£    £   
R Beaumont and Mrs J A Beaumont
Balance outstanding at start of year 15,528 -
Amounts advanced - 15,528
Amounts repaid (15,528 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 15,528