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REGISTERED NUMBER: 03386609 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

R & J PROPERTIES LIMITED

R & J PROPERTIES LIMITED (REGISTERED NUMBER: 03386609)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


R & J PROPERTIES LIMITED

COMPANY INFORMATION
for the Year Ended 31 December 2023







DIRECTOR: R Taylor





SECRETARY: Mrs J Taylor





REGISTERED OFFICE: Thirsk Industrial Park
York Road
Thirsk
North Yorkshire
YO7 3BX





REGISTERED NUMBER: 03386609 (England and Wales)





ACCOUNTANTS: Aquarius Business Solutions LLP
Plum Tree Cottage
The Green
Nun Monkton
YORK
North Yorkshire
YO26 8ER

R & J PROPERTIES LIMITED (REGISTERED NUMBER: 03386609)

BALANCE SHEET
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 134,699 143,758

CURRENT ASSETS
Debtors 5 62,429 7,200
Cash at bank 48,987 12,055
111,416 19,255
CREDITORS
Amounts falling due within one year 6 55,192 21,135
NET CURRENT ASSETS/(LIABILITIES) 56,224 (1,880 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

190,923

141,878

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 190,823 141,778
SHAREHOLDERS' FUNDS 190,923 141,878

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

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 director and authorised for issue on 10 September 2024 and were signed by:




R Taylor - Director


R & J PROPERTIES LIMITED (REGISTERED NUMBER: 03386609)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023


1. STATUTORY INFORMATION

R & J Properties 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.

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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 2% on cost
Plant and machinery etc - 15% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

R & J PROPERTIES LIMITED (REGISTERED NUMBER: 03386609)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023


4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2023
and 31 December 2023 204,999 123,600 328,599
DEPRECIATION
At 1 January 2023 94,300 90,541 184,841
Charge for year 4,100 4,959 9,059
At 31 December 2023 98,400 95,500 193,900
NET BOOK VALUE
At 31 December 2023 106,599 28,100 134,699
At 31 December 2022 110,699 33,059 143,758

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Other debtors 62,429 7,200

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Taxation and social security 19,059 17,802
Other creditors 36,133 3,333
55,192 21,135

7. RELATED PARTY DISCLOSURES

During the year the company received rents amounting to £40,000 (2022 - £40,000) & income in respect of hire of machinery totalling £33,000 (2022 - £33,000) from Thirsk Fabrications Limited. Mr R Taylor is a director of Thirsk Fabrications Limited and has a beneficial interest in 100% of the issued share capital. These transactions were at arms length and the amounts are stated net of VAT where appropriate. At 31 December 2022 the amount owed to Thirsk Fabrications Limited was £32,800 (2022 - £7,200 owed by Thirsk Fabrications Limited).

8. ULTIMATE CONTROLLING PARTY

The company is controlled by the director, Mr R Taylor.