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Registered number: 00745138
R.J.Young Properties(Stafford)Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Deans
Gibson House Hurricane Close
Stafford
Staffordshire
ST16 1GZ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 00745138
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 617 823
Investment Properties 5 1,087,376 825,000
1,087,993 825,823
CURRENT ASSETS
Debtors 6 12,072 3,086
Cash at bank and in hand 108,627 123,305
120,699 126,391
Creditors: Amounts Falling Due Within One Year 7 (42,701 ) (39,642 )
NET CURRENT ASSETS (LIABILITIES) 77,998 86,749
TOTAL ASSETS LESS CURRENT LIABILITIES 1,165,991 912,572
Creditors: Amounts Falling Due After More Than One Year 8 (69,188 ) -
PROVISIONS FOR LIABILITIES
Deferred Taxation (146,441 ) (105,305 )
NET ASSETS 950,362 807,267
CAPITAL AND RESERVES
Called up share capital 10 2,000 2,000
Revaluation reserve 12 593,567 470,004
Profit and Loss Account 354,795 335,263
SHAREHOLDERS' FUNDS 950,362 807,267
Page 1
Page 2
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr N F Chaplin
Director
15 July 2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
R.J.Young Properties(Stafford)Limited is a private company, limited by shares, registered in England & Wales.  The company's registered number and registered office address can be found on the Company Information page.
2. Accounting Policies
2.1. Basis of Preparation of 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.
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below.  These policies have been consistently applied to all years presented unless otherwise stated.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable.  The policies adopted for the recognition of turnover are as follows:
Rental income
Rental income from operating leases (net of any incentives given to the lessees) is recognised on a straight-line basis over the lease term.
Interest receivable
Interest income is recognised using the effective interest method is recognised as the company's right to receive payment is established.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less accumulated depreciation.  Cost includes costs directly attributable to making the asset capable of operating as intended. Depreciation is provided at the following rates in order to write off each asset over its estimated useful life.
Plant & Machinery - 25% on reducing balance
2.4. Investment Properties
Investment properties for which fair value can be measured reliably without undue cost or effort are measured at fair value at each reporting date with changes in fair value recognised in profit or loss.
The fair value of £1,087,376 is based upon a valuation carried out by the directors. In the opinion of the directors the investment property is included at an amount that accords to its fair value at the balance sheet date.
2.5. Taxation
Taxation for the year comprises current and deferred tax.  Tax is recognised in the Profit and Loss Account, 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 balance sheet date.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.
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Page 4
2.6. Debtors and creditors receivable / payable within one year
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.
2.7. Operating leases
Assets held for use in operating leases are included in fixed assets. Rental income from operating leases is recognised according to the terms of the leases which are reviewed regularly.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2024: 4)
3 4
4. Tangible Assets
Plant & Machinery
£
Cost or Valuation
As at 1 April 2024 29,502
As at 31 March 2025 29,502
Depreciation
As at 1 April 2024 28,679
Provided during the period 206
As at 31 March 2025 28,885
Net Book Value
As at 31 March 2025 617
As at 1 April 2024 823
5. Investment Property
2025
£
Fair Value
As at 1 April 2024 825,000
Additions 97,625
Revaluations 164,751
As at 31 March 2025 1,087,376
All of the properties are rented out under operating leases.
Fair value at 31 March 2025 is represented by:
2025
£
Valuation in 2016
524,103
Valuation in 2020
51,000
Valuation in 2021
249,897
Valuation in 2025
262,376
image
Total
1,087,376
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6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 9,732 1,771
Prepayments and accrued income 1,898 1,315
Other debtors 97 -
Directors' loan accounts 345 -
12,072 3,086
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors - 3,150
Corporation tax 18,345 14,631
Other creditors 18,402 15,428
Rent deposits held 2,108 2,683
Accruals and deferred income 3,846 3,750
42,701 39,642
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 69,188 -
Of the creditors falling due after more than one year the following amounts are due after more than five years.
2025 2024
£ £
Bank loans 69,188 -
9. Secured Creditors
Of the creditors the following amounts are secured.  The debt is secured against 15 Tudor Court, Loring Road, Porthill and parking space ST5 8RR.
2025 2024
£ £
Bank loans and overdrafts 69,188 -
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 2,000 2,000
Page 5
Page 6
11. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 April 2024 Amounts advanced Amounts repaid Amounts written off As at 31 March 2025
£ £ £ £ £
Mr James Dean - 345 - - 345
The above loan is provided interest free and repayable on demand.
12. Reserves
Revaluation Reserve
£
As at 1 April 2024 470,004
Deferred tax movement - property (41,188 )
Transfer to profit and loss 164,751
As at 31 March 2025 593,567
Page 6