Registered number
13275610
RJC Property Holdings Ltd
Filleted Accounts
31 March 2024
RJC Property Holdings Ltd
Registered number: 13275610
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 335,000 335,000
Current assets
Debtors 4 30 54
Cash at bank and in hand 2,298 467
2,328 521
Creditors: amounts falling due within one year 5 (66,001) (100,357)
Net current liabilities (63,673) (99,836)
Total assets less current liabilities 271,327 235,164
Creditors: amounts falling due after more than one year 6 (240,527) (204,354)
Net assets 30,800 30,810
Capital and reserves
Called up share capital 1 1
Revaluation reserve 8 24,386 24,386
Profit and loss account 6,413 6,423
Shareholder's funds 30,800 30,810
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
R J Clifford
Director
Approved by the board on 25 November 2024
RJC Property Holdings Ltd
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 April 2023 335,000
At 31 March 2024 335,000
Depreciation
At 31 March 2024 -
Net book value
At 31 March 2024 335,000
At 31 March 2023 335,000
4 Debtors 2024 2023
£ £
Other debtors 30 54
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 11,319 12,700
Taxation and social security costs - 1,507
Other creditors 54,682 86,150
66,001 100,357
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 240,527 204,354
7 Loans 2024 2023
£ £
Creditors include:
Secured bank loans 251,846 217,054
Mortgage held on rental property
8 Revaluation reserve 2024 2023
£ £
At 1 April 2023 24,386 -
Gain on revaluation of land and buildings - 24,386
At 31 March 2024 24,386 24,386
9 Related party transactions
The creditors figure includes the sum of £51,141 due to the director at the year end date (2023 £85,610).
10 Other information
RJC Property Holdings Ltd is a private company limited by shares and incorporated in England. Its registered office is:
70 High Street
Chislehurst
Kent
BR7 5AQ
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