Acorah Software Products - Accounts Production 15.0.600 false true false 25 July 2023 31 July 2024 31 July 2024 15027714 Mr Richard Johnston iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 15027714 2023-07-24 15027714 2024-07-31 15027714 2023-07-25 2024-07-31 15027714 frs-core:CurrentFinancialInstruments 2024-07-31 15027714 frs-core:NetGoodwill 2024-07-31 15027714 frs-core:NetGoodwill 2023-07-25 2024-07-31 15027714 frs-core:NetGoodwill 2023-07-24 15027714 frs-core:ShareCapital 2024-07-31 15027714 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 15027714 frs-bus:PrivateLimitedCompanyLtd 2023-07-25 2024-07-31 15027714 frs-bus:FilletedAccounts 2023-07-25 2024-07-31 15027714 frs-bus:SmallEntities 2023-07-25 2024-07-31 15027714 frs-bus:AuditExemptWithAccountantsReport 2023-07-25 2024-07-31 15027714 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-25 2024-07-31 15027714 frs-bus:OrdinaryShareClass1 2023-07-25 2024-07-31 15027714 frs-bus:OrdinaryShareClass1 2024-07-31 15027714 frs-bus:Director1 2023-07-25 2024-07-31 15027714 frs-bus:Director1 2023-07-24 15027714 frs-bus:Director1 2024-07-31 15027714 frs-countries:EnglandWales 2023-07-25 2024-07-31
Registered number: 15027714
RJ Assets Management Limited
Unaudited Financial Statements
For The Year Ended 31 July 2024
Ascendis Group
Chartered Certified Accountants, Taxation and Business Advisors
Unit 3, Building 2, The Colony Wilmslow
Altrincham Road
Wilmslow
Cheshire
SK9 4LY
Contents
Page
Accountant's Report 1
Balance Sheet 2
Notes to the Financial Statements 3—4
Page 1
Accountant's Report
Report to the director on the preparation of the unaudited statutory accounts of RJ Assets Management Limited for the year ended 31 July 2024
To assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of RJ Assets Management Limited which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.
As a practising member of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the director of RJ Assets Management Limited , as a body, in accordance with the terms of our engagement letter dated 13 September 2024. Our work has been undertaken solely to prepare for your approval the accounts of RJ Assets Management Limited and state those matters that we have agreed to state to the director of RJ Assets Management Limited , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than RJ Assets Management Limited and its director as a body for our work or for this report.
It is your duty to ensure that RJ Assets Management Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of RJ Assets Management Limited . You consider that RJ Assets Management Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of RJ Assets Management Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
8th October 2024
Ascendis Group
Chartered Certified Accountants, Taxation and Business Advisors
Unit 3, Building 2, The Colony Wilmslow
Altrincham Road
Wilmslow
Cheshire
SK9 4LY
Page 1
Page 2
Balance Sheet
Registered number: 15027714
2024
Notes £ £
FIXED ASSETS
Intangible Assets 4 1,000,000
1,000,000
CURRENT ASSETS
Debtors 5 138
138
Creditors: Amounts Falling Due Within One Year 6 (1,000,720 )
NET CURRENT ASSETS (LIABILITIES) (1,000,582 )
TOTAL ASSETS LESS CURRENT LIABILITIES (582 )
NET LIABILITIES (582 )
CAPITAL AND RESERVES
Called up share capital 7 1
Profit and Loss Account (583 )
SHAREHOLDERS' FUNDS (582)
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Richard Johnston
Director
8th October 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
RJ Assets Management Limited is a private company, limited by shares, incorporated in England & Wales, registered number 15027714 . The registered office is Unit 3, Building 2, The Colony Wilmslow, Altrincham Road, Wilmslow, Cheshire, SK9 4LY.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1
1
4. Intangible Assets
Goodwill
£
Cost
As at 25 July 2023 -
Additions 1,000,000
As at 31 July 2024 1,000,000
Net Book Value
As at 31 July 2024 1,000,000
As at 25 July 2023 -
5. Debtors
2024
£
Due within one year
Other debtors 138
Page 3
Page 4
6. Creditors: Amounts Falling Due Within One Year
2024
£
Amounts owed to group undertakings 1,000,000
Other creditors 720
1,000,720
7. Share Capital
2024
Allotted, called up and fully paid £
1 Ordinary Shares of £ 1.00 each 1
8. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 25 July 2023 Amounts advanced Amounts repaid Amounts written off As at 31 July 2024
£ £ £ £ £
Mr Richard Johnston - 1 - - 1
The above loan is unsecured, interest free and repayable on demand.
Page 4