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REGISTERED NUMBER: 05266058 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 December 2023

for

R & J Mustoe Property Limited

R & J Mustoe Property Limited (Registered number: 05266058)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


R & J Mustoe Property Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: R J Mustoe
Mrs J E Davies





SECRETARY: Mrs J E Davies





REGISTERED OFFICE: The Barn
Old Langho
Blackburn
Lancashire
BB6 8AW





REGISTERED NUMBER: 05266058 (England and Wales)





ACCOUNTANTS: Egan Roberts Limited
Accountants
Citygate
Longridge Road
Preston
Lancashire
PR2 5BQ

R & J Mustoe Property Limited (Registered number: 05266058)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investment property 5 780,295 795,960
780,295 795,960

CURRENT ASSETS
Cash at bank and in hand 7,205 2,643

CREDITORS
Amounts falling due within one year 6 775,343 781,601
NET CURRENT LIABILITIES (768,138 ) (778,958 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

12,157

17,002

PROVISIONS FOR LIABILITIES 35,854 153,858
NET LIABILITIES (23,697 ) (136,856 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 7 (23,797 ) (136,956 )
SHAREHOLDERS' FUNDS (23,697 ) (136,856 )

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 directors acknowledge their 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.

R & J Mustoe Property Limited (Registered number: 05266058)

Balance Sheet - continued
31 December 2023


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 Board of Directors and authorised for issue on 5 September 2024 and were signed on its behalf by:





Mrs J E Davies - Director


R & J Mustoe Property Limited (Registered number: 05266058)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

R & J Mustoe Property 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 as modified by the revaluation of certain assets.

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.
Fixtures and fittings - 15% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

R & J Mustoe Property Limited (Registered number: 05266058)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 January 2023
and 31 December 2023 12,829
DEPRECIATION
At 1 January 2023
and 31 December 2023 12,829
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

5. INVESTMENT PROPERTY
Total
£   
COST OR VALUATION
At 1 January 2023 795,960
Foreign exchange difference (15,665 )
At 31 December 2023 780,295
NET BOOK VALUE
At 31 December 2023 780,295
At 31 December 2022 795,960

The investment property has been revalued to take account of movements on foreign exchange.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts - 118
Directors' current accounts 775,343 781,483
775,343 781,601

R & J Mustoe Property Limited (Registered number: 05266058)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

7. RESERVES
Retained
earnings
£   

At 1 January 2023 (136,956 )
Profit for the year 113,159
At 31 December 2023 (23,797 )

8. ULTIMATE CONTROLLING PARTY

The company is owned equally by the directors.