RJG Properties Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 10938153

		2023		2022
	Notes	£	£	£	£
FIXED ASSETS
Investment Properties	4		742,250		985,000

			742,250		985,000
CURRENT ASSETS
Debtors	5	323,282		289,084
Cash at bank and in hand		1,391		10,327

		324,673		299,411
Creditors: Amounts Falling Due Within One Year	6	(676,163 )		(575,555 )

NET CURRENT ASSETS (LIABILITIES)			(351,490 )		(276,144 )

TOTAL ASSETS LESS CURRENT LIABILITIES			390,760		708,856

Creditors: Amounts Falling Due After More Than One Year	7		(403,670 )		(572,075 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(39,209 )		(67,522 )

NET (LIABILITIES)/ASSETS			(52,119 )		69,259

CAPITAL AND RESERVES
Called up share capital	8		65		65
Revaluation reserve	9		164,382		287,857
Profit and Loss Account			(216,566 )		(218,663 )

SHAREHOLDERS' FUNDS			(52,119)		69,259

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RJG Properties Ltd

Balance Sheet (continued)

As At 28 August 2023

For the year ending 28 August 2023 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 Robert Leighton

Director

29/08/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

RJG Properties Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10938153 . The registered office is c/o Property Accounts Limited, 59 Castle Street, Reading, RG1 7SN.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is recognised as rental income received.

2.3. Investment Properties

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. The fair value of the investment property has been arrived at by the directors best estimate. Changes in fair value are recognised in the profit and loss account.

2.4. Taxation

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

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period 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 assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2022: 2)

4. Investment Property

	2023
	£
Fair Value
As at 29 August 2022	985,000
Additions	132,250
Disposals	(375,000 )

As at 28 August 2023	742,250

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RJG Properties Ltd

Notes to the Financial Statements (continued)

For The Year Ended 28 August 2023

5. Debtors

	2023	2022
	£	£
Due within one year
Prepayments and accrued income	-	5,268
Other debtors	69,032	29,334
Directors' loan accounts	10,453	-
Amounts owed by associates	243,797	254,482

	323,282	289,084

6. Creditors: Amounts Falling Due Within One Year

	2023	2022
	£	£
Trade creditors	-	2,175
Bank loans and overdrafts	47,503	9,151
Other creditors	30,608	700
Bridging loan	175,771	52,000
Accruals and deferred income	-	36,235
Directors' loan accounts	-	55,046
Amounts owed to related parties	422,281	420,248

	676,163	575,555

7. Creditors: Amounts Falling Due After More Than One Year

	2023	2022
	£	£
Bank loans	-	38,342
Other creditors	50,729	-
Mortgages	352,941	533,733

	403,670	572,075

8. Share Capital

	2023	2022
	£	£
Allotted, Called up and fully paid	65	65

9. Reserves

	Revaluation Reserve
	£
As at 29 August 2022	287,857
Deficit on revaluation	(11,501)
Transfer to profit and loss	(111,974 )

As at 28 August 2023	164,382

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RJG Properties Ltd

Notes to the Financial Statements (continued)

For The Year Ended 28 August 2023

10. Related Party Transactions

Related party transcations included (to)/from:

£8,070 (2022: £16,170) owed from DM Lettings and Property Management Ltd, a company with mutual shareholders and directors.

£(79,476) (2022: £(52,976)) owed to Keighley Takover Ltd, a company with mutual shareholders and directors.

£(154,651) (2022: £(154,651)) owed to Leighton HR Consultancy Ltd, a company with mutual shareholders and directors.

£(39,351) (2022: £(39,351)) owed to RDJ Keiton Developments Ltd, a company with mutual shareholders and directors.

£3,070 (2022: £2,368) owed from RDJ Keiton Investments Ltd, a company with mutual shareholders and directors.

£(143,803) (2022: £(173,160) owed to RDJ Sourcing Ltd, a company with mutual shareholders and directors.

£46,195 (2022: £0) owed from SERL Property Ltd, a company with mutual shareholders and directors.

£163,886 (2022: £163,886) owed from Silsden Skips Ltd, a company with mutual shareholders and directors.

£22,575 (2022: £22,575) owed from Worth Valley Developments Ltd, a company with mutual shareholders and directors

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