REGISTERED NUMBER: 09128346 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

RJY Investments (North East) Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

R J Yorke

SECRETARY:

J C Laverick

REGISTERED OFFICE:

c/o Teescraft Engineering Ltd

1-3 Longfield Road

South Church Enterprise Park

Bishop Auckland

Co Durham

DL14 6XB

REGISTERED NUMBER:

09128346 (England and Wales)

ACCOUNTANTS:

Clive Owen LLP

Chartered Accountants

Kepier House

Belmont Business Park

Durham

DH1 1TW

FIXED ASSETS

Investments

4

145

145

Investment property

5

1,632,120

1,632,120

1,632,265

1,632,265

CURRENT ASSETS

Debtors

6

1,216,445

600,055

Cash at bank

7,729

4,101

1,224,174

604,156

CREDITORS

Amounts falling due within one year

7

(108,239

)

(90,162

)

NET CURRENT ASSETS

1,115,935

513,994

TOTAL ASSETS LESS CURRENT LIABILITIES

2,748,200

2,146,259

CREDITORS

Amounts falling due after more than one year

8

(455,316

)

(728,649

)

NET ASSETS

2,292,884

1,417,610

CAPITAL AND RESERVES

Called up share capital

10

200

200

Retained earnings

2,292,684

1,417,410

SHAREHOLDERS' FUNDS

2,292,884

1,417,610

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 12 September 2025 and were signed by:

R J Yorke - Director

1.	STATUTORY INFORMATION

RJY Investments (North East) Ltd 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

There were no material departures from that standard.

The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.

Turnover

Turnover is measured at fair value of the rents received or receivable, excluding discounts, rebates value added tax and other sales taxes.

Income recognition

Rental income is recognised in accordance with the contractual terms of the lease.

Investment property

Investment property is included at fair value. Gains and losses are recognised in the profit and loss account. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Financial instruments

Basic financial instruments are recognised at amortised cost with changes recognised in profit and loss.

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.

Fixed asset investments

Fixed asset investments are stated at cost less impairment.

3.	EMPLOYEES AND DIRECTORS

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

4.	FIXED ASSET INVESTMENTS

Unlisted

investments

£

COST

At 1 January 2024

and 31 December 2024

145

NET BOOK VALUE

At 31 December 2024

145

At 31 December 2023

145

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

and 31 December 2024

1,632,120

NET BOOK VALUE

At 31 December 2024

1,632,120

At 31 December 2023

1,632,120

Investment property was valued on an open market basis on the 31 December 2024 by the director.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Amounts due from participating

interests

1,216,445

600,055

1,216,445

600,055

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

63,160

78,037

Taxation and social security

42,079

10,025

Accruals and deferred income

3,000

2,100

108,239

90,162

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans - 1-2 years

66,749

79,835

Bank loans - 2-5 years

224,254

270,126

Bank loans - over 5 years

164,313

378,688

455,316

728,649

Amounts falling due in more than five years:

Repayable by instalments

Bank loans - over 5 years

164,313

378,688

9.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Bank loans

518,476

806,686

The company has two remaining bank loans.

The first bank loan of £580,000 is repayable over 15 years at a rate equal to the aggregate of (i) the banks margin of 3.31% per annum, and (ii) the base rate. The loan is due to mature on 01/12/2030.

A further bank loan of £350,000 is repayable over 15 years at a margin of 3.50% per annum over base rate. The loan is due to mature on 01/11/2032.

The bank loans are secured on land on the north west side of Church Road, Stockton on Tees, land located to the east of Fleck Way on Teesside Industrial Estate, Thornaby, Stockton on Tees and land located on the east side of Ross Road, Stockton on Tees.

There is a cross guarantee and debenture between the company, Teescraft Engineering Limited and Stockton Casting Company Limited.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

200

Ordinary Shares

£1

200

200

11.	RELATED PARTY DISCLOSURES

There were no related party transactions other than those concluded under normal market conditions other than those listed below:

2024

2023

£

£

Amounts due from participating interests

1,216,445

600,055

No interest was charged.