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Registered number: 00632864
RENJAN PROPERTIES LIMITED
ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2024
Prepared By:
Reed-Ransted
Chartered Accountants
2 Burhill Grove
Pinner
Middlesex
HA5 3DW
RENJAN PROPERTIES LIMITED
ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2024
DIRECTORS
Mrs JL Thain
MJ Thain
REGISTERED OFFICE
2 Burhill Grove
Pinner
Middlesex
HA5 3DW
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 00632864
BANKERS
3 Beaumont Place, Hadley Highstone, Barnet, EN5 4PR.
ACCOUNTANTS
Reed-Ransted
Chartered Accountants
2 Burhill Grove
Pinner
Middlesex
HA5 3DW
RENJAN PROPERTIES LIMITED
ACCOUNTS
FOR THEYEARENDED31 MARCH 2024
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-
RENJAN PROPERTIES LIMITED
BALANCE SHEET AT31 March 2024
Registered number: 00632864
20242023
Notes££
FIXED ASSETS
Tangible assets31,370,0021,645,002
CURRENT ASSETS
Debtors52,660-
Cash at bank and in hand129,51815,592
132,17815,592
CREDITORS: Amounts falling due within one year65,05818,149
NET CURRENT ASSETS / (LIABILITIES)127,120(2,557)
TOTAL ASSETS LESS CURRENT LIABILITIES1,497,1221,642,445
CREDITORS: Amounts falling due after more than one year7182,199324,982
PROVISIONS FOR LIABILITIES AND CHARGES8202,080235,000
NET ASSETS1,112,8431,082,463
CAPITAL AND RESERVES
Called up share capital9100100
Revaluation reserve1d,101,073,9641,263,119
Profit and loss account38,779(180,756)
SHAREHOLDERS' FUNDS1,112,8431,082,463
For the year ending 31 March 2024 the company was entitled to exemption 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on28 August 2024and signed on their behalf by
.............................
Mrs JL Thain
Director
.............................
MJ Thain
Director
RENJAN PROPERTIES LIMITED
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Fixtures and Fittingsreducing balance 20%
Equipmentreducing balance 20%
1c. Investment Properties
Investment properties are included in the financial statements at open market value. No depreciation is provided on such property in compliance with the Financial Reporting Standard for Smaller Entities. This departure from Companies Act requirements is necessary to show a true and fair view.
1d. Revaluation Reserve
Surpluses or deficits arising on the revaluation of individual fixed assets other than investment properties are credited or debited to a non-distributible reserve known as the revaluation reserve (see also note 10).
Revaluation deficits in excess of the amount of prior revaluation surpluses on the same asset are charged to the profit and loss account.
2. EMPLOYEES
20242023
No.No.
Average number of employees33
3. TANGIBLE FIXED ASSETS
Fixtures
and FittingsEquipmentTotal
£££
Cost
At 1 April 202313,36895714,325
At 31 March 202413,36895714,325
Depreciation
At 1 April 202313,36795614,323
At 31 March 202413,36795614,323
Net Book Amounts
At 31 March 2024112
At 31 March 2023112
Investment properties were valued by the directors on 31 March 2024 at their fair value of £1,370,000 (2023: £1,645,000). The historic cost of investment properties is £93,956.
RENJAN PROPERTIES LIMITED
4. INVESTMENT PROPERTIES
Investment
PropertiesTotal
££
Fair value
At 1 April 20231,645,0001,645,000
Disposals(275,000)(275,000)
At 31 March 20241,370,0001,370,000
5. DEBTORS 20242023
££
Amounts falling due within one year
Other debtors2,660-
2,660-
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
PAYE control-1,365
Directors current account41
Credit card-10,811
Other creditors-1,100
Accruals2,1542,070
Deferred income2,9002,802
5,05818,149
The directors loans are interest free.
7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20242023
££
Bank loans (secured) >1yr182,199324,982
182,199324,982
The mortgage loans included in creditors are secured upon the mortgaged property and are repayable other than by intalments after more than 5 years.
8. PROVISIONS FOR LIABILITIES 20242023
££
Deferred taxation202,080235,000
202,080235,000
The deferred tax provision relates to the potential liability on disposal of investment properties.
RENJAN PROPERTIES LIMITED
9. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
100 Ordinary shares of £1 each100100
100100
10. REVALUATION RESERVE 20242023
££
Revaluation reserve1,263,1191,263,119
Adjustment on property disposal(189,155)-
1,073,9641,263,119
11. CONTROLLING PARTY
The company is controlled by MJ and Mrs JL Thain.