0 false false false false false false false false false false true false false false false false false No description of principal activity 2023-07-01 Sage Accounts Production Advanced 2024 - FRS102_2024 3,286,106 1,045,000 1,045,000 2,241,106 3,286,106 xbrli:pure xbrli:shares iso4217:GBP 11862967 2023-07-01 2024-06-30 11862967 2024-06-30 11862967 2023-06-30 11862967 2022-07-01 2023-06-30 11862967 2023-06-30 11862967 2022-06-30 11862967 bus:Director1 2023-07-01 2024-06-30 11862967 core:WithinOneYear 2024-06-30 11862967 core:WithinOneYear 2023-06-30 11862967 core:ShareCapital 2024-06-30 11862967 core:ShareCapital 2023-06-30 11862967 core:RetainedEarningsAccumulatedLosses 2024-06-30 11862967 core:RetainedEarningsAccumulatedLosses 2023-06-30 11862967 core:CostValuation core:Non-currentFinancialInstruments 2024-06-30 11862967 core:ImpairmentLossProvisionsForImpairmentInvestments core:Non-currentFinancialInstruments 2024-06-30 11862967 core:Non-currentFinancialInstruments core:ProvisionsForImpairmentInvestments 2024-06-30 11862967 core:Non-currentFinancialInstruments 2024-06-30 11862967 core:Non-currentFinancialInstruments 2023-06-30 11862967 bus:SmallEntities 2023-07-01 2024-06-30 11862967 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 11862967 bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 11862967 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 11862967 bus:FullAccounts 2023-07-01 2024-06-30 11862967 core:AllAssociates 2023-07-01 2024-06-30
COMPANY REGISTRATION NUMBER: 11862967
RJL Retail Property Ltd
Filleted Unaudited Financial Statements
30 June 2024
RJL Retail Property Ltd
Financial Statements
Year ended 30 June 2024
Contents
Page
Statement of financial position
1
Notes to the financial statements
2
RJL Retail Property Ltd
Statement of Financial Position
30 June 2024
2024
2023
Note
£
£
£
Fixed assets
Investments
5
2,241,106
3,286,106
Current assets
Cash at bank and in hand
100
100
Creditors: amounts falling due within one year
6
507,900
1,533,696
---------
------------
Net current liabilities
507,800
1,533,596
------------
------------
Total assets less current liabilities
1,733,306
1,752,510
------------
------------
Capital and reserves
Called up share capital
100
100
Profit and loss account
1,733,206
1,752,410
------------
------------
Shareholders funds
1,733,306
1,752,510
------------
------------
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 statement of income and retained earnings has not been delivered.
For the 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.
Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 4 June 2025 , and are signed on behalf of the board by:
Mr R J Levis
Director
Company registration number: 11862967
RJL Retail Property Ltd
Notes to the Financial Statements
Year ended 30 June 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 11b Wood Vale, Forest Hill, London, SE23 3DS, United Kingdom.
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, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Consolidation
The entity has taken advantage of the option not to prepare consolidated financial statements contained in Section 399 of the Companies Act 2006 on the basis that the entity and its subsidiary undertakings comprise a small group.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2023:1).
5. Investments
Shares in group undertakings
£
Cost
At 1 July 2023 and 30 June 2024
3,286,106
------------
Impairment
At 1 July 2023
Impairment losses
1,045,000
------------
At 30 June 2024
1,045,000
------------
Carrying amount
At 30 June 2024
2,241,106
------------
At 30 June 2023
3,286,106
------------
RJL Retail Property Ltd owns 100% of Orme Retail Limited.
6. Creditors: amounts falling due within one year
2024
2023
£
£
Amounts owed to group undertakings and undertakings in which the company has a participating interest
245,636
854,110
Other creditors
262,264
679,586
---------
------------
507,900
1,533,696
---------
------------
The company has a fixed and floating charge over the assets of the company in respect of the acquisition of Orme Retail Limited.
7. Related party transactions
At year end, the company owed £245,636 (2023: £854,110) to a group company.