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REGISTERED NUMBER: 09764132 (England and Wales)















RJN TECHNOLOGIES LTD

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024






RJN TECHNOLOGIES LTD (REGISTERED NUMBER: 09764132)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


RJN TECHNOLOGIES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: N A Chowdhary
J A Chowdhary
R K Chowdhary





REGISTERED OFFICE: The Exchange
5 Bank Street
Bury
BL9 0DN





REGISTERED NUMBER: 09764132 (England and Wales)





ACCOUNTANTS: DTE Business Advisers Limited
The Exchange
5 Bank Street
Bury
Lancashire
BL9 0DN

RJN TECHNOLOGIES LTD (REGISTERED NUMBER: 09764132)

STATEMENT OF FINANCIAL POSITION
31 JANUARY 2024

2024 2023
Notes £    £   
FIXED ASSETS
Property, plant and equipment 4 25,496 23,040
Investment property 5 4,051,332 3,106,690
4,076,828 3,129,730

CURRENT ASSETS
Debtors 6 1,285 13,508
Cash at bank and in hand 85,206 93,719
86,491 107,227
CREDITORS
Amounts falling due within one year 7 (3,700,886 ) (2,834,641 )
NET CURRENT LIABILITIES (3,614,395 ) (2,727,414 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

462,433

402,316

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 462,430 402,313
SHAREHOLDERS' FUNDS 462,433 402,316

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

RJN TECHNOLOGIES LTD (REGISTERED NUMBER: 09764132)

STATEMENT OF FINANCIAL POSITION - continued
31 JANUARY 2024


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 29 October 2024 and were signed on its behalf by:





N A Chowdhary - Director


RJN TECHNOLOGIES LTD (REGISTERED NUMBER: 09764132)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024


1. STATUTORY INFORMATION

RJN Technologies Ltd is a private company, limited by shares, registered in England and Wales. The company's registered number is 09764132 and registered office address is The Exchange, 5 Bank Street, Bury, BL9 0DN.

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 company had net assets of £462,433 (2023: £402,316) and cash reserves of £85,206 (2023:£93,719) at the year end and has generated profits post year end. The directors believe that the company is well placed to manage the risks at these challenging times and therefore continues to adopt a going concern basis of accounting in preparing these financial statements.

Significant judgements and estimates
In the application of the company's accounting policies, the directors are required to make estimates and judgements. The estimates are based on historical experience and other relevant factors. Actual results may differ from these estimates.

The estimates are continually evaluated. Revisions to accounting estimates are recognised in the period in which the estimate is revised.

The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are outlined below.

Estimating the fair value of the investment property, given a lack of comparable market data and sensitivity to the estimated yield.

Revenue
Revenue represents rental income receivable in respect of the accounting period, allocated on a straight line basis over the period of the lease.

Property, plant and equipment
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on reducing balance

The residual values, estimated useful lives and depreciation method of property, plant and equipment are reviewed and adjusted as appropriate, at each statement of financial position date. The effects of any revision are recognised in the income statement when changes arise.

Investment property
Investment property is initially measured at cost and subsequently measured at fair value. Changes in fair value are recognised in the income statement.


RJN TECHNOLOGIES LTD (REGISTERED NUMBER: 09764132)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


2. ACCOUNTING POLICIES - continued
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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the income statement.

Basic financial liabilities are initially measured at transaction price and subsequently measured at amortised cost, being the transaction price less any amounts settled.

Dividends
Equity dividends are recognised when they become legally payable and are no longer at the discretion of the company.

Cash and cash equivalents
Cash and cash equivalents includes cash in hand, deposits held at call with banks, other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. Bank overdrafts, when applicable, are shown within borrowings in current liabilities

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

RJN TECHNOLOGIES LTD (REGISTERED NUMBER: 09764132)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


4. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 February 2023 42,332
Additions 8,830
At 31 January 2024 51,162
DEPRECIATION
At 1 February 2023 19,292
Charge for year 6,374
At 31 January 2024 25,666
NET BOOK VALUE
At 31 January 2024 25,496
At 31 January 2023 23,040

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2023 3,106,690
Additions 944,642
At 31 January 2024 4,051,332
NET BOOK VALUE
At 31 January 2024 4,051,332
At 31 January 2023 3,106,690

Investment property historical cost is £4,051,332 (2023: £3,106,690). The directors are of the opinion that at 31 January 2024 the cost of the investment property represents its current fair value, based on observable market data.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 1,285 13,508

RJN TECHNOLOGIES LTD (REGISTERED NUMBER: 09764132)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors - 180
Taxation and social security 16,335 13,804
Other creditors 3,684,551 2,820,657
3,700,886 2,834,641