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REGISTERED NUMBER: 11082802 (England and Wales)
























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: Mr R Shannon



REGISTERED OFFICE: The Tower
Daltongate Business Centre
Ulverston
Cumbria
LA12 7AJ



REGISTERED NUMBER: 11082802 (England and Wales)



BANKERS: Lloyds Bank plc
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 4 208,690 210,256
Investment property 5 539,746 486,293
748,436 696,549

CURRENT ASSETS
Debtors 113,813 26,699
Cash at bank 1,090 14,482
114,903 41,181
CREDITORS
Amounts falling due within one year 240,672 125,339
NET CURRENT LIABILITIES (125,769 ) (84,158 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

622,667

612,391

CREDITORS
Amounts falling due after more than one
year

6

670,929

676,340
NET LIABILITIES (48,262 ) (63,949 )

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings (48,263 ) (63,950 )
SHAREHOLDERS' FUNDS (48,262 ) (63,949 )

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 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


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 November 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 28 August 2024 and were signed by:





Mr R Shannon - Director


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 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - not provided
Plant and machinery - 20% on cost
Computer equipment - 33% on cost

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 2 (2022 - 2 ) .

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 215,229
Additions 1,919
At 30 November 2023 217,148
DEPRECIATION
At 1 December 2022 4,973
Charge for year 3,485
At 30 November 2023 8,458
NET BOOK VALUE
At 30 November 2023 208,690
At 30 November 2022 210,256

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2022 486,293
Additions 53,453
At 30 November 2023 539,746
NET BOOK VALUE
At 30 November 2023 539,746
At 30 November 2022 486,293

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 644,239 643,935

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: £    £   
1 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
£    £   
Mr R Shannon
Balance outstanding at start of year - -
Amounts advanced 69,107 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 69,107 -

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.