Company registration number 13427754 (England and Wales)
RJ INVESTMENT PORTFOLIO LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024
RJ INVESTMENT PORTFOLIO LTD
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
RJ INVESTMENT PORTFOLIO LTD
BALANCE SHEET
AS AT
31 MAY 2024
31 May 2024
- 1 -
2024
2023
Notes
£
£
FIXED ASSETS
Investment property
3
380,802
177,154
CURRENT ASSETS
Debtors
4
36
32
Cash at bank and in hand
12,391
6,534
12,427
6,566
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
5
(316,205)
(106,958)
NET CURRENT LIABILITIES
(303,778)
(100,392)
TOTAL ASSETS LESS CURRENT LIABILITIES
77,024
76,762
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
6
(73,830)
(73,870)
NET ASSETS
3,194
2,892
CAPITAL AND RESERVES
Called up share capital
20
20
Profit and loss reserves
3,174
2,872
TOTAL EQUITY
3,194
2,892

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

RJ INVESTMENT PORTFOLIO LTD
BALANCE SHEET (CONTINUED)
AS AT
31 MAY 2024
31 May 2024
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 13 February 2025 and are signed on its behalf by:
Rhys Evans
Director
Company registration number 13427754 (England and Wales)
RJ INVESTMENT PORTFOLIO LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024
- 3 -
1
ACCOUNTING POLICIES
Company information

RJ Investment Portfolio Ltd is a private company limited by shares incorporated in England and Wales. The registered office is c/o Aermach Unit E3, Southpoint Industrial Estate, Foreshore Road, Cardiff, CF10 4SP.

1.1
Accounting convention

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

1.2
Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

1.3
Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.

1.4
Cash and cash equivalents

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

1.5
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

RJ INVESTMENT PORTFOLIO LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2024
1
ACCOUNTING POLICIES
(Continued)
- 4 -
1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

2
EMPLOYEES

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
2
3
RJ INVESTMENT PORTFOLIO LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2024
- 5 -
3
INVESTMENT PROPERTY
2024
£
Fair value
At 1 June 2023
177,154
Additions
203,648
At 31 May 2024
380,802

The company's investment property was valued on 31 May 2024 by the directors. The valuation is based on the market value of the property which conforms to FRS 102.

4
DEBTORS
2024
2023
Amounts falling due within one year:
£
£
Other debtors
36
32
5
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
2023
£
£
Corporation tax
933
471
Other creditors
315,272
106,487
316,205
106,958
6
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024
2023
£
£
Bank loans and overdrafts
73,830
73,870

Included within creditors: amounts falling due after more than one year is an amount of £73,830 (2023: £73,870) in respect of liabilities payable or repayable by instalments which fall due for payment after more than five years from the reporting date.

RJ INVESTMENT PORTFOLIO LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2024
- 6 -
7
RELATED PARTY TRANSACTIONS
Transactions with related parties

Included within other creditors is a balance of £312,672 (2023 - £104,008) due to parties where the directors have participating interests.

8
DIRECTORS' TRANSACTIONS

Included within debtors is a balance of £20 (2023 - £20) due from a director. This balance is interest free and repayable on demand.

This balance relates to unpaid share capital.

2024-05-312023-06-01falsefalsefalse13 February 2025CCH SoftwareCCH Accounts Production 2024.310No description of principal activityJunaid BaigRhys Evans134277542023-06-012024-05-31134277542024-05-31134277542023-05-3113427754core:ShareCapital2024-05-3113427754core:ShareCapital2023-05-3113427754core:RetainedEarningsAccumulatedLosses2024-05-3113427754core:RetainedEarningsAccumulatedLosses2023-05-3113427754bus:Director22023-06-012024-05-31134277542022-06-012023-05-31134277542023-05-3113427754core:WithinOneYear2024-05-3113427754core:WithinOneYear2023-05-3113427754core:CurrentFinancialInstruments2024-05-3113427754core:CurrentFinancialInstruments2023-05-3113427754core:Non-currentFinancialInstruments2024-05-3113427754core:Non-currentFinancialInstruments2023-05-3113427754bus:PrivateLimitedCompanyLtd2023-06-012024-05-3113427754bus:SmallCompaniesRegimeForAccounts2023-06-012024-05-3113427754bus:FRS1022023-06-012024-05-3113427754bus:AuditExemptWithAccountantsReport2023-06-012024-05-3113427754bus:Director12023-06-012024-05-3113427754bus:FullAccounts2023-06-012024-05-31xbrli:purexbrli:sharesiso4217:GBP