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Company Registration No. 11814340 (England and Wales)
RJM DEVELOPMENT LTD Unaudited accounts for the period from 29 February 2024 to 28 February 2025
RJM DEVELOPMENT LTD Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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RJM DEVELOPMENT LTD Company Information for the period from 29 February 2024 to 28 February 2025
Directors
Mr Matthew James Mahoney Mr Jack Oliver Cole Miss Rose May Mahoney
Company Number
11814340 (England and Wales)
Registered Office
Southgate Office Village 286-A Chase Road Block E Enfield Middlesex N14 6HF United Kingdom
Accountants
Stoke Newington Accountants & Tax Consultants Ltd Southgate Office Village, Block E 286-A Chase Road Southgate London N14 6HF
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RJM DEVELOPMENT LTD Statement of financial position as at 28 February 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
254,546
254,546
Current assets
Cash at bank and in hand
9,234
12,848
Creditors: amounts falling due within one year
5
(146,010)
(150,415)
Net current liabilities
(136,776)
(137,567)
Total assets less current liabilities
117,770
116,979
Creditors: amounts falling due after more than one year
6
(129,977)
(129,920)
Net liabilities
(12,207)
(12,941)
Capital and reserves
Called up share capital
7
3
3
Profit and loss account
(12,210)
(12,944)
Shareholders' funds
(12,207)
(12,941)
For the period ending 28 February 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 19 October 2025 and were signed on its behalf by
Mr Matthew James Mahoney Director Company Registration No. 11814340
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RJM DEVELOPMENT LTD Notes to the Accounts for the period from 29 February 2024 to 28 February 2025
1
Statutory information
RJM DEVELOPMENT LTD is a private company, limited by shares, registered in England and Wales, registration number 11814340. The registered office is Southgate Office Village, 286-A Chase Road, Block E, Enfield, Middlesex, N14 6HF, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Going concern
The directors have identified material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern, however, the going concern basis remains appropriate.
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RJM DEVELOPMENT LTD Notes to the Accounts for the period from 29 February 2024 to 28 February 2025
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
On Cost
4
Tangible fixed assets
Land & buildings
£
Cost or valuation
At cost
At 29 February 2024
254,546
At 28 February 2025
254,546
Depreciation
At 28 February 2025
-
Net book value
At 28 February 2025
254,546
At 28 February 2024
254,546
5
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
11,160
21,217
Trade creditors
690
-
Other creditors
7,257
7,257
Loans from directors
126,063
119,101
Accruals
840
2,840
146,010
150,415
6
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
129,977
129,920
7
Share capital
2025
2024
£
£
Allotted, called up and fully paid:
3 Ordinary shares of £1 each
3
3
8
Transactions with related parties
At the balance sheet date, where the director held controlling interest, the company owed to the directors £126,063.
9
Controlling party
The company's ultimate controlling party is Mr Matthew James Mahoney, Mr Jack Oliver Cole and Miss Rose May Mahoney as they hold all of the issued share capital equally in the company.
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RJM DEVELOPMENT LTD Notes to the Accounts for the period from 29 February 2024 to 28 February 2025
10
Average number of employees
During the period the average number of employees was 3 (2024: 3).
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