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REGISTERED NUMBER: 00680286 (England and Wales)















RWJA LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024






RWJA LIMITED (REGISTERED NUMBER: 00680286)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3 to 5


RWJA LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTOR: Mrs J J Muldoon





REGISTERED OFFICE: The Firs
Church Lane
Saltfleetby
Louth
Lincolnshire
LN11 7TU





REGISTERED NUMBER: 00680286 (England and Wales)





ACCOUNTANTS: Duncan & Toplis Limited
Oxley House
Lincoln Way
Louth
Lincolnshire
LN11 0LS

RWJA LIMITED (REGISTERED NUMBER: 00680286)

STATEMENT OF FINANCIAL POSITION
30 APRIL 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Property, plant and equipment 4 631 742
Investment property 5 25,000 35,000
25,631 35,742

CURRENT ASSETS
Debtors 6 8,130 8,181
Cash at bank 262,601 257,141
270,731 265,322
CREDITORS
Amounts falling due within one year 7 4,072 3,155
NET CURRENT ASSETS 266,659 262,167
TOTAL ASSETS LESS CURRENT LIABILITIES 292,290 297,909

CAPITAL AND RESERVES
Called up share capital 8 3,875 3,875
Revaluation reserve 9 12,575 22,575
Capital redemption reserve 640 640
Retained earnings 275,200 270,819
SHAREHOLDERS' FUNDS 292,290 297,909

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved and authorised for issue by the director and authorised for issue on 15 April 2025 and were signed by:





Mrs J J Muldoon - Director


RWJA LIMITED (REGISTERED NUMBER: 00680286)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

RWJA Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Property ,plant and equipment
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance and 15% on reducing balance

Tangible fixed assets include investment properties valued by the directors on an existing use open market value basis. Other tangible fixed assets other than freehold land are stated at cost or valuation less depreciation as indicated above.

Investment property
Investment properties are valued at their open market value at the balance sheet date. Any surplus on revaluation is transfered to the investment property revaluation reserve. Any deficit is deducted from the investment property revaluation reserve, except for permanent diminution's in value, which are charged to the profit and loss account.

No amortisation or depreciation is provided in respect of freehold investment properties and leasehold investment properties with over 20 years to expiry, in accordance with Statement of Standard Accounting Practice 19: "Accounting for investment properties". This treatment is contrary to the requirements of the Companies Act 2006 to provide for depreciation but is considered necessary to ensure the financial statements give a true and fair view. Depreciation is only one of the factors reflected at the balance sheet date valuation and the amount that might otherwise have been shown cannot be separately identified and quantified.

Revaluation reserve
The investment property revaluation reserve is not amortised in line with the depreciation policy on the investment properties to which it relates.

Financial instruments
The company has chosen to adopt the FRS 102A in respect of financial instruments.

Basic financial assets, including trade and other debtors and cash and bank balances are initially recognised at transaction price, unless the arrangement constitute a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

At the end of each reporting period, financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in the income statement.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.


RWJA LIMITED (REGISTERED NUMBER: 00680286)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
and
fittings
£   
COST
At 1 May 2023
and 30 April 2024 4,996
DEPRECIATION
At 1 May 2023 4,254
Charge for year 111
At 30 April 2024 4,365
NET BOOK VALUE
At 30 April 2024 631
At 30 April 2023 742

5. INVESTMENT PROPERTY

The following property, classed as investment property, was revalued by the director on an open market basis at 30 April 2024:

Long leasehold property, 219 Freeman Street, Grimsby, valued at £25,000 (2023: £35,000).

The historical cost of the investment properties at the balance sheet date is £12,425 (2023: £12,425), and the accumulated depreciation based on historical cost would be £NIL (2023: £NIL).

The cost or valuation is made up of historical cost of £12,425 together with valuations made in previous years totalling £25,000.


RWJA LIMITED (REGISTERED NUMBER: 00680286)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 8,130 8,181

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security - 488
Other creditors 4,072 2,667
4,072 3,155

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
3,875 Ordinary shares £1 3,875 3,875

9. RESERVES
Revaluation
reserve
£   
At 1 May 2023 22,575
Revaluation (10,000 )

At 30 April 2024 12,575

The capital redemption reserve relates to 640 ordinary £1 shares re-purchased by the company.