R & R PROPERTIES (MK) LTD

Company Registration Number:
13853084 (England and Wales)

Unaudited abridged accounts for the year ended 31 January 2024

Period of accounts

Start date: 01 February 2023

End date: 31 January 2024

R & R PROPERTIES (MK) LTD

Contents of the Financial Statements

for the Period Ended 31 January 2024

Balance sheet
Notes

R & R PROPERTIES (MK) LTD

Balance sheet

As at 31 January 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 169 254
Investments: 4 682,017 682,017
Total fixed assets: 682,186 682,271
Current assets
Cash at bank and in hand: 13,907 7,764
Total current assets: 13,907 7,764
Creditors: amounts falling due within one year: 5 (214,150) (212,837)
Net current assets (liabilities): (200,243) (205,073)
Total assets less current liabilities: 481,943 477,198
Creditors: amounts falling due after more than one year: 6 (481,990) (481,990)
Total net assets (liabilities): (47) (4,792)
Capital and reserves
Called up share capital: 2 2
Profit and loss account: (49) (4,794)
Shareholders funds: (47) (4,792)

The notes form part of these financial statements

R & R PROPERTIES (MK) LTD

Balance sheet statements

For the year ending 31 January 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 11 October 2024
and signed on behalf of the board by:

Name: Ajay Mattu
Status: Director

The notes form part of these financial statements

R & R PROPERTIES (MK) LTD

Notes to the Financial Statements

for the Period Ended 31 January 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax. When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period. When the outcome of a transaction involving the rendering of services cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.

Tangible fixed assets and depreciation policy

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows: Plant and machinery - 25% straight line If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Other accounting policies

Financial instruments: A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Investment property: Investment property, being property held to earn rentals or for capital appreciation or both, is measured initially at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

R & R PROPERTIES (MK) LTD

Notes to the Financial Statements

for the Period Ended 31 January 2024

2. Employees

2024 2023
Average number of employees during the period 2 2

R & R PROPERTIES (MK) LTD

Notes to the Financial Statements

for the Period Ended 31 January 2024

3. Tangible Assets

Total
Cost £
At 01 February 2023 339
At 31 January 2024 339
Depreciation
At 01 February 2023 85
Charge for year 85
At 31 January 2024 170
Net book value
At 31 January 2024 169
At 31 January 2023 254

R & R PROPERTIES (MK) LTD

Notes to the Financial Statements

for the Period Ended 31 January 2024

4. Fixed investments

Cost £ £ At 1 February 2023 and 31 January 2024 682,017 682,017 Impairment At 1 February 2023 and 31 January 2024 - - Carrying amount At 31 January 2024 682,017 682,017 At 31 January 2023 682,017 682,017 Investment Property - Fair value at period end is derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in the profit and loss account.

R & R PROPERTIES (MK) LTD

Notes to the Financial Statements

for the Period Ended 31 January 2024

5. Creditors: amounts falling due within one year note

Creditors: amounts falling due within one year 31/01/23 £ £ Other creditors 214,150 212,83

R & R PROPERTIES (MK) LTD

Notes to the Financial Statements

for the Period Ended 31 January 2024

6. Creditors: amounts falling due after more than one year note

Creditors: amounts falling due after more than one year 31/01/23 £ £ Bank loans and overdrafts 481,990 481,990