Silverfin false false 30/06/2024 01/07/2023 30/06/2024 Mr E A H Jenkins 16/06/2021 Mr G M Reid 16/06/2021 Mrs P A Reid 16/06/2021 Mrs E A Sutton 16/06/2021 17 March 2025 The principal activity of the company during the year was letting of property. 13460571 2024-06-30 13460571 bus:Director1 2024-06-30 13460571 bus:Director2 2024-06-30 13460571 bus:Director3 2024-06-30 13460571 bus:Director4 2024-06-30 13460571 2023-06-30 13460571 core:CurrentFinancialInstruments 2024-06-30 13460571 core:CurrentFinancialInstruments 2023-06-30 13460571 core:Non-currentFinancialInstruments 2024-06-30 13460571 core:Non-currentFinancialInstruments 2023-06-30 13460571 core:ShareCapital 2024-06-30 13460571 core:ShareCapital 2023-06-30 13460571 core:FurtherSpecificReserve1ComponentTotalEquity 2024-06-30 13460571 core:FurtherSpecificReserve1ComponentTotalEquity 2023-06-30 13460571 core:RetainedEarningsAccumulatedLosses 2024-06-30 13460571 core:RetainedEarningsAccumulatedLosses 2023-06-30 13460571 2023-07-01 2024-06-30 13460571 bus:FilletedAccounts 2023-07-01 2024-06-30 13460571 bus:SmallEntities 2023-07-01 2024-06-30 13460571 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 13460571 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 13460571 bus:Director1 2023-07-01 2024-06-30 13460571 bus:Director2 2023-07-01 2024-06-30 13460571 bus:Director3 2023-07-01 2024-06-30 13460571 bus:Director4 2023-07-01 2024-06-30 13460571 2022-07-01 2023-06-30 13460571 core:Non-currentFinancialInstruments 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure

Company No: 13460571 (England and Wales)

RSJ PROPERTIES 2021 LTD

Unaudited Financial Statements
For the financial year ended 30 June 2024
Pages for filing with the registrar

RSJ PROPERTIES 2021 LTD

Unaudited Financial Statements

For the financial year ended 30 June 2024

Contents

RSJ PROPERTIES 2021 LTD

BALANCE SHEET

As at 30 June 2024
RSJ PROPERTIES 2021 LTD

BALANCE SHEET (continued)

As at 30 June 2024
Note 2024 2023
£ £
Fixed assets
Investment property 3 300,000 300,000
300,000 300,000
Current assets
Debtors 4 20,136 7,897
Cash at bank and in hand 2,167 3,258
22,303 11,155
Creditors: amounts falling due within one year 5 ( 11,582) ( 3,467)
Net current assets 10,721 7,688
Total assets less current liabilities 310,721 307,688
Creditors: amounts falling due after more than one year 6 ( 229,550) ( 229,550)
Provision for liabilities ( 25,655) ( 25,655)
Net assets 55,516 52,483
Capital and reserves
Called-up share capital 100 100
Fair value reserve 76,966 76,966
Profit and loss account ( 21,550 ) ( 24,583 )
Total shareholders' funds 55,516 52,483

For the financial year ending 30 June 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of RSJ Properties 2021 Ltd (registered number: 13460571) were approved and authorised for issue by the Board of Directors on 17 March 2025. They were signed on its behalf by:

Mr G M Reid
Director
Mrs P A Reid
Director
RSJ PROPERTIES 2021 LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2024
RSJ PROPERTIES 2021 LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2024
1. Accounting policies

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

General information and basis of accounting

RSJ Properties 2021 Ltd (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 6 Avon Close, Weymouth, DT4 9UX, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and 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 £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for rental income in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value consideration takes into account trade discounts, settlement discounts and volume rebates.
Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

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. Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date that are expected to apply when the timing differences reverse. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit. Deferred tax liabilities are presented within provisions for liabilities on the balance sheet.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

The fair value is determined annually by the directors, on an open market value for existing use basis.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

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 creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 4 4

The company is run and administered by the directors of the company for whom no formal contracts of service are in place.

3. Investment property

Investment property
£
Valuation
As at 01 July 2023 300,000
As at 30 June 2024 300,000

Valuation

The investment properties class of fixed asset were adjusted on 30 June 2024 to fair value by the director who is internal to the company. The basis of this valuation was open market value.

Historic cost

If the investment properties had been accounted for under the cost accounting rules, the properties would have been measured as follows:

2024 2023
£ £
Historic cost 197,378 197,378

4. Debtors

2024 2023
£ £
Other debtors 20,136 7,897

5. Creditors: amounts falling due within one year

2024 2023
£ £
Other creditors 11,582 3,467

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

2024 2023
£ £
Bank loans (secured) 229,550 229,550

The bank loans are secured on freehold properties of the company.

7. Related party transactions

Transactions with the entity's directors

The directors loan account is repayable on demand and interest is charged on overdrawn balances exceeding £10,000 at the official HMRC rates.
At 1 July 2023, the balance owed by the director was £7,897. During the year £20,300 was advanced and £8,092 was repaid by the director. At 30 June 2024, the balance owed by the director was £20,105.