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COMPANY REGISTRATION NUMBER: NI035561
R J S Developments Limited
Filleted Unaudited Financial Statements
29 February 2024
R J S Developments Limited
Statement of Financial Position
29 February 2024
2024
2023
Note
£
£
£
Current assets
Stocks
336,758
336,758
Debtors
4
390
380
Cash at bank and in hand
63,291
64,599
---------
---------
400,439
401,737
Creditors: amounts falling due within one year
5
540,782
541,254
---------
---------
Net current liabilities
140,343
139,517
---------
---------
Total assets less current liabilities
( 140,343)
( 139,517)
---------
---------
Capital and reserves
Called up share capital
3,000
3,000
Profit and loss account
( 143,343)
( 142,517)
---------
---------
Shareholders deficit
( 140,343)
( 139,517)
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.
For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
R J S Developments Limited
Statement of Financial Position (continued)
29 February 2024
These financial statements were approved by the board of directors and authorised for issue on 8 November 2024 , and are signed on behalf of the board by:
Mr S McFarland
Mrs J Rainey
Director
Director
Mr R McKelvey
Director
Company registration number: NI035561
R J S Developments Limited
Notes to the Financial Statements
Year ended 29 February 2024
1. General information
The company is a private company limited by shares, registered in Northern Ireland. The address of the registered office is Unit B15, Omagh Enterprise Centre, Great Northern Road, OMAGH, Co Tyrone, BT78 5LU. The principle activity of the company is property development.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
4. Debtors
2024
2023
£
£
Other debtors
390
380
----
----
5. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
21,782
22,254
Other creditors
519,000
519,000
---------
---------
540,782
541,254
---------
---------
6. Directors' advances, credits and guarantees
In the year, there were no withdrawals from or advances to the company. At the 29 February 2024 the combined balance owed to directors was £519,000 (2023: £519,000).