REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 NOVEMBER 2023 |
FOR |
RJS LETTINGS LIMITED |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 NOVEMBER 2023 |
FOR |
RJS LETTINGS LIMITED |
RJS LETTINGS LIMITED (REGISTERED NUMBER: 11082802) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 NOVEMBER 2023 |
Page |
Company Information | 1 |
Abridged Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
RJS LETTINGS LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 30 NOVEMBER 2023 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
BANKERS: |
79 High Street |
Chesham |
Buckinghamshire |
HP5 1DE |
RJS LETTINGS LIMITED (REGISTERED NUMBER: 11082802) |
ABRIDGED BALANCE SHEET |
30 NOVEMBER 2023 |
30.11.23 | 30.11.22 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
Investment property | 5 |
CURRENT ASSETS |
Debtors |
Cash at bank |
CREDITORS |
Amounts falling due within one year |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
6 |
NET LIABILITIES | ( |
) | ( |
) |
CAPITAL AND RESERVES |
Called up share capital | 8 |
Retained earnings | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
The director acknowledges his 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. |
RJS LETTINGS LIMITED (REGISTERED NUMBER: 11082802) |
ABRIDGED BALANCE SHEET - continued |
30 NOVEMBER 2023 |
In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered. |
The financial statements were approved by the director and authorised for issue on |
RJS LETTINGS LIMITED (REGISTERED NUMBER: 11082802) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 NOVEMBER 2023 |
1. | STATUTORY INFORMATION |
RJS Lettings Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The financial statements have been prepared on the going concern basis the director having agreed to continue to support the company. |
Turnover |
Turnover represents net invoiced rental income as adjusted for accrued income, excluding VAT. |
Tangible fixed assets |
Improvements to property | - |
Plant and machinery | - |
Computer equipment | - |
Investment property |
All of the company's investment properties are held for long-term investment and are included in the Balance Sheet at cost which is a departure from Financial Reporting Standard 102. |
Depreciation is not provided in respect of investment properties which is a departure from Financial Reporting Standard 102 the Companies Act 2006. Depreciation if provided would not have been of a material nature. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
RJS LETTINGS LIMITED (REGISTERED NUMBER: 11082802) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 NOVEMBER 2023 |
4. | TANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 1 December 2022 |
Additions |
At 30 November 2023 |
DEPRECIATION |
At 1 December 2022 |
Charge for year |
At 30 November 2023 |
NET BOOK VALUE |
At 30 November 2023 |
At 30 November 2022 |
5. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1 December 2022 |
Additions |
At 30 November 2023 |
NET BOOK VALUE |
At 30 November 2023 |
At 30 November 2022 |
All of the company's investment properties are held for long-term investment and are included in the Balance Sheet at cost which is a departure from Financial Reporting Standard 102. |
Depreciation is not provided in respect of investment properties which is a departure from Financial Reporting Standard 102 the Companies Act 2006. Depreciation if provided would not have been of a material nature. |
6. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS |
30.11.23 | 30.11.22 |
£ | £ |
Repayable by instalments |
Bank loans more 5 yr by instal | 644,239 | 643,935 |
RJS LETTINGS LIMITED (REGISTERED NUMBER: 11082802) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 NOVEMBER 2023 |
7. | SECURED DEBTS |
The following secured debts are included within creditors: |
30.11.23 | 30.11.22 |
£ | £ |
Bank loans |
West One Secured Loans Limited hold a charge over 70 Gloucester Street, Barrow-in-Furness, 17 Devon Street, Barrow-in-Furness, 78 Risedale Road, Barrow-in-Furness and 90 Greengate Street, Barrow-in-Furness. |
Shawbrook Bank Limited hold a charge over 37 Kent Street, Barrow-in-Furness and 2 Penrith Street, Barrow-in-Furness. |
InterBay Funding Ltd hold a charge over Rose Cottage, The Green, Millom. |
Together Commercial Finance hold a charge over all the freehold property known as 8 Frederick Street, Barrow-in-Furness. |
8. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 30.11.23 | 30.11.22 |
value: | £ | £ |
Ordinary | £1 | 1 | 1 |
9. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
The following advances and credits to a director subsisted during the years ended 30 November 2023 and 30 November 2022: |
30.11.23 | 30.11.22 |
£ | £ |
Balance outstanding at start of year |
Amounts advanced |
Amounts repaid |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |
During the financial year the director was charged £486 (2022 : £Nil) interest on the loan which is unsecured and repayable on demand. |
RJS LETTINGS LIMITED (REGISTERED NUMBER: 11082802) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 NOVEMBER 2023 |
10. | RELATED PARTY DISCLOSURES |
At the 30th November 2023 the company had received a loan of £68,137 (2022: £68,137) from RJS247 Limited, a company wholly owned and controlled by Mr R Shannon. |
At the 30th November 2023 the company had loaned £19,319 (2022: £25,819) to Channelside Holdings Limited, a company partially owned and controlled by Mr R Shannon. |
As the 30th November 2023 the company had received a loan of £123,800 (2022: £22,000) from RJS Consulting Ltd, a company registered in the Isle of Man wholly controlled by Mr R Shannon. |
As the 30th November 2023 the company had loaned £24,552 (2022: £250) to Ginger Bricks Ltd, a company partially owned and controlled by Mr R Shannon. |
11. | ULTIMATE CONTROLLING PARTY |
The controlling party is Mr R Shannon. |