Silverfin false false 31/03/2024 01/04/2023 31/03/2024 Mr R Robson 02/03/2021 24 November 2024 The principal activity of the Company during the financial period was that of construction of domestic buildings. 13238233 2024-03-31 13238233 bus:Director1 2024-03-31 13238233 2023-03-31 13238233 core:CurrentFinancialInstruments 2024-03-31 13238233 core:CurrentFinancialInstruments 2023-03-31 13238233 core:Non-currentFinancialInstruments 2024-03-31 13238233 core:Non-currentFinancialInstruments 2023-03-31 13238233 core:ShareCapital 2024-03-31 13238233 core:ShareCapital 2023-03-31 13238233 core:RetainedEarningsAccumulatedLosses 2024-03-31 13238233 core:RetainedEarningsAccumulatedLosses 2023-03-31 13238233 core:Vehicles 2023-03-31 13238233 core:OfficeEquipment 2023-03-31 13238233 core:Vehicles 2024-03-31 13238233 core:OfficeEquipment 2024-03-31 13238233 core:CurrentFinancialInstruments 1 2024-03-31 13238233 core:CurrentFinancialInstruments 1 2023-03-31 13238233 bus:OrdinaryShareClass1 2024-03-31 13238233 2023-04-01 2024-03-31 13238233 bus:FilletedAccounts 2023-04-01 2024-03-31 13238233 bus:SmallEntities 2023-04-01 2024-03-31 13238233 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 13238233 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 13238233 bus:Director1 2023-04-01 2024-03-31 13238233 core:Vehicles 2023-04-01 2024-03-31 13238233 core:OfficeEquipment 2023-04-01 2024-03-31 13238233 2022-04-01 2023-03-31 13238233 core:Non-currentFinancialInstruments 2023-04-01 2024-03-31 13238233 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 13238233 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 13238233 (England and Wales)

R J PROPERTY DEVELOPMENTS SW LIMITED

Unaudited Financial Statements
For the financial period ended 31 March 2024
Pages for filing with the registrar

R J PROPERTY DEVELOPMENTS SW LIMITED

Unaudited Financial Statements

For the financial period ended 31 March 2024

Contents

R J PROPERTY DEVELOPMENTS SW LIMITED

BALANCE SHEET

As at 31 March 2024
R J PROPERTY DEVELOPMENTS SW LIMITED

BALANCE SHEET (continued)

As at 31 March 2024
Note 2024 2023
£ £
Restated - note 2
Fixed assets
Tangible assets 4 2,069 2,689
2,069 2,689
Current assets
Debtors 5 0 2,104
Cash at bank and in hand 23,542 2,680
23,542 4,784
Creditors: amounts falling due within one year 6 ( 18,082) ( 16,197)
Net current assets/(liabilities) 5,460 (11,413)
Total assets less current liabilities 7,529 (8,724)
Creditors: amounts falling due after more than one year 7 ( 3,238) 0
Net assets/(liabilities) 4,291 ( 8,724)
Capital and reserves
Called-up share capital 8 1 1
Profit and loss account 4,290 ( 8,725 )
Total shareholder's funds/(deficit) 4,291 ( 8,724)

For the financial period ending 31 March 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of R J Property Developments SW Limited (registered number: 13238233) were approved and authorised for issue by the Director on 24 November 2024. They were signed on its behalf by:

Mr R Robson
Director
R J PROPERTY DEVELOPMENTS SW LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period ended 31 March 2024
R J PROPERTY DEVELOPMENTS SW LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period ended 31 March 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period and to the preceding financial period, unless otherwise stated.

General information and basis of accounting

R J Property Developments SW Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 7 Lower Saltram, Plymouth, PL9 7PW, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Prior period adjustment

During the year it was noted that the share capital presented in the financial statements was not in line with the company's statutory records. The financial statements have been amended to reflect this.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.

Revenue from services is recognised as they are delivered.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a reducing balance basis over its expected useful life, as follows:

Vehicles 25 % reducing balance
Office equipment 15 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Prior period adjustment

During the year it was noted that the share capital presented in the financial statements was not in line with the company's statutory records. The financial statements have been amended to reflect this.

As previously reported Adjustment As restated
Period ended 31 March 2023 £ £ £
Creditors: amounts falling due within one year (16,098) (99) (16,197)
Called-up share capital 100 (99) 1

3. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the period, including the director 1 1

4. Tangible assets

Vehicles Office equipment Total
£ £ £
Cost
At 01 April 2023 3,292 612 3,904
At 31 March 2024 3,292 612 3,904
Accumulated depreciation
At 01 April 2023 1,131 84 1,215
Charge for the financial period 541 79 620
At 31 March 2024 1,672 163 1,835
Net book value
At 31 March 2024 1,620 449 2,069
At 31 March 2023 2,161 528 2,689

5. Debtors

2024 2023
£ £
Corporation tax 0 1,955
Other debtors 0 149
0 2,104

6. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans 2,867 8,778
CIS withheld 2,380 167
Taxation and social security 8,933 1,168
Other creditors 3,902 6,084
18,082 16,197

7. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans 3,238 0

There are no amounts included above in respect of which any security has been given by the small entity.

8. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
1 Ordinary share of £ 1.00 1 1