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Registered number: 12798404
RMJ Capital Limited
Unaudited Financial Statements
For The Year Ended 31 August 2023
Richards Associates Limited
North Lodge
Hawkesyard
Rugeley
Staffordshire
WS15 1PS
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 12798404
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,952 471
Investment Properties 5 2,451,517 2,380,997
2,454,469 2,381,468
CURRENT ASSETS
Debtors 6 2,973 7,678
Cash at bank and in hand 28,904 114,864
31,877 122,542
Creditors: Amounts Falling Due Within One Year 7 (1,248,366 ) (1,234,021 )
NET CURRENT ASSETS (LIABILITIES) (1,216,489 ) (1,111,479 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,237,980 1,269,989
Creditors: Amounts Falling Due After More Than One Year 8 (1,303,271 ) (1,303,271 )
NET LIABILITIES (65,291 ) (33,282 )
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account (65,391 ) (33,382 )
SHAREHOLDERS' FUNDS (65,291) (33,282)
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Page 2
For the year ending 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Dr J Ritson
Director
23 August 2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
RMJ Capital Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12798404 . The registered office is 117 Merton Road, London, SW19 1ED.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
At the time of approving the financial statements the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.
The directors continue to adopt the going concern basis of accounting in preparing financial statements.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% on reducing balance
Fixtures & Fittings 25% on reducing balance
2.5. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.6. Financial Instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, and loans to related parties.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2022: NIL)
- -
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4. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost
As at 1 September 2022 838 - 838
Additions - 2,868 2,868
As at 31 August 2023 838 2,868 3,706
Depreciation
As at 1 September 2022 367 - 367
Provided during the period 118 269 387
As at 31 August 2023 485 269 754
Net Book Value
As at 31 August 2023 353 2,599 2,952
As at 1 September 2022 471 - 471
5. Investment Property
2023
£
Fair Value
As at 1 September 2022 2,380,997
Additions 70,520
As at 31 August 2023 2,451,517
The directors believe that the valuation of the property is not materially different to the valuation shown in the accounts.
6. Debtors
2023 2022
£ £
Due within one year
Other debtors 2,973 7,678
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Other creditors 1,248,366 1,234,021
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8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 1,303,271 1,303,271
9. Share Capital
2023 2022
Allotted, called up and fully paid £ £
30 Ordinary A shares of £ 1.00 each 30 30
70 Ordinary B shares of £ 1.00 each 70 70
100 100
10. Ultimate Controlling Party
The company's ultimate controlling party is Mr J S Ritson by virtue of his ownership of 100% of the issued share capital in the company.
11. Going concern
Total liabilities exceed total assets however, the company is able to meet any liabilities that may fall due. 
12. Charges
There are fixed and floating charges registered over the assets of the company 
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