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REGISTERED NUMBER: 11230057 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

R J Noon Properties Limited

R J Noon Properties Limited (Registered number: 11230057)






Contents of the Financial Statements
for the Year Ended 29 February 2024

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Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


R J Noon Properties Limited

Company Information
for the Year Ended 29 February 2024







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DIRECTOR: R J Noon





SECRETARY: Mrs C A Noon





REGISTERED OFFICE: 9 St. Georges Yard
Farnham
Surrey
GU9 7LW





REGISTERED NUMBER: 11230057 (England and Wales)





ACCOUNTANTS: Blackwood Futcher & Co.
Chartered Accountants
9 St George's Yard
Farnham
Surrey
GU9 7LW

R J Noon Properties Limited (Registered number: 11230057)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
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FIXED ASSETS
Investments 4 20 20
Investment property 5 375,000 345,000
375,020 345,020

CURRENT ASSETS
Debtors 6 325 278
Cash at bank 833 3,106
1,158 3,384
CREDITORS
Amounts falling due within one year 7 240,646 180,480
NET CURRENT LIABILITIES (239,488 ) (177,096 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

135,532

167,924

PROVISIONS FOR LIABILITIES 11,261 5,561
NET ASSETS 124,271 162,363

CAPITAL AND RESERVES
Called up share capital 100 100
Other reserves 48,009 23,709
Retained earnings 76,162 138,554
124,271 162,363

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 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 19 November 2024 and were signed by:





R J Noon - Director


R J Noon Properties Limited (Registered number: 11230057)

Notes to the Financial Statements
for the Year Ended 29 February 2024
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1. STATUTORY INFORMATION

R J Noon 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable of the company investment property activities and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.

The company recognises revenue when the amount of revenue can be measured reliably, when it is probable that future economic benefits will flow to the entity.

Investments in associates
Investments in associate undertakings are recognised at 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.

Impairment of non-financial assets
At each reporting date non-financial assets not carried at fair value, like goodwill and plant, property and equipment, are reviewed to determine whether there is an indication that an asset may be impaired. If there is an indication of possible impairment, the recoverable amount of any asset or group of related assets, which is the higher of value in use and the fair value less cost to sell, is estimated and compared with its carrying amount. If the recoverable amount is lower, the carrying amount of the asset is reduced to its recoverable amount and an impairment loss is recognised immediately in profit or loss.

If an impairment loss is subsequently reversed, the carrying amount of the asset or group of related assets is increased to the revised estimate of its recoverable amount, but not to exceed the amount that would have been determined had no impairment loss been recognised for the asset or group of related assets in prior periods. A reversal of an impairment loss is recognised immediately in profit or loss.

3. EMPLOYEES AND DIRECTORS

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

R J Noon Properties Limited (Registered number: 11230057)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024
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4. FIXED ASSET INVESTMENTS
Interest
in
associate
£   
COST
At 1 March 2023
and 29 February 2024 20
NET BOOK VALUE
At 29 February 2024 20
At 28 February 2023 20

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2023 345,000
Revaluations 30,000
At 29 February 2024 375,000
NET BOOK VALUE
At 29 February 2024 375,000
At 28 February 2023 345,000

Fair value at 29 February 2024 is represented by:
£   
Valuation in 2020 14,270
Valuation in 2021 10,000
Valuation in 2022 5,000
Valuation in 2024 30,000
Cost 315,730
375,000

The investment property was valued on an open market basis on 29 February 2024 by the director .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Other debtors 325 278

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade creditors - 79
Taxation and social security 2,254 2,252
Other creditors 238,392 178,149
240,646 180,480

8. RELATED PARTY DISCLOSURES

At the balance sheet date the company owed an amount of £237,351 (2023 - £177,231) to R J Noon Construction Limited, a company in which the director holds a material interest.