REGISTERED NUMBER: 03699424 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025

FOR

RRJ PROPERTIES LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R E Bowyer

L Bowyer

SECRETARY:

Maxwell & Co Limited

REGISTERED OFFICE:

9 Abbey Business Park

Monks Walk

Farnham

Surrey

GU9 8HT

REGISTERED NUMBER:

03699424 (England and Wales)

ACCOUNTANTS:

Maxwell & Co

9 Abbey Business Park

Monks Walk

Farnham

Surrey

GU9 8HT

FIXED ASSETS

Tangible assets

4

131

175

Investment property

5

1,100,000

1,645,000

1,100,131

1,645,175

CURRENT ASSETS

Debtors

6

229

229

Cash at bank

372,904

116,172

373,133

116,401

CREDITORS

Amounts falling due within one year

7

18,012

13,543

NET CURRENT ASSETS

355,121

102,858

TOTAL ASSETS LESS CURRENT LIABILITIES

1,455,252

1,748,033

CREDITORS

Amounts falling due after more than one year

8

(455,350

)

(729,690

)

PROVISIONS FOR LIABILITIES

(133,896

)

(133,896

)

NET ASSETS

866,006

884,447

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

10

865,906

884,347

SHAREHOLDERS' FUNDS

866,006

884,447

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 December 2025 and were signed on its behalf by:

R E Bowyer - Director

1.	STATUTORY INFORMATION

RRJ Properties 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 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 as modified by the revaluation of certain assets.

The accounts have been prepared on a going concern basis as the business is expected to be able to meet the terms of its loan facility over the next year.

Turnover

Turnover represents rents due during the period.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Office equipment

-

25% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties.

Debtors

Short term debtors are measured at transaction price, less any impairment.

Creditors

Short term creditors are measured at the transaction price.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4.	TANGIBLE FIXED ASSETS

Office

equipment

£

COST

At 1 February 2024

and 31 January 2025

2,098

DEPRECIATION

At 1 February 2024

1,923

Charge for year

44

At 31 January 2025

1,967

NET BOOK VALUE

At 31 January 2025

131

At 31 January 2024

175

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 February 2024

1,645,000

Disposals

(565,000

)

Revaluations

20,000

At 31 January 2025

1,100,000

NET BOOK VALUE

At 31 January 2025

1,100,000

At 31 January 2024

1,645,000

Each of the investment properties are stated at their market value for mortgage purposes in their current condition. The latest valuations were carried out by Red Key estate agents.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Prepayments

229

229

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Tax

372

-

Directors' current accounts

4,496

4,496

Accruals and deferred income

13,144

9,047

18,012

13,543

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Interest only Mortgage account

455,350

729,690

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Interest only Mortgage account

455,350

729,690

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Interest Only Mortgage Account

455,350

729,690

Paragon Mortgages Limited have a first legal mortgage charge over each and every property owned by the Company.

10.

RESERVES

Retained

earnings

£

At 1 February 2024

884,347

Deficit for the year

(18,441

)

At 31 January 2025

865,906

11.	ULTIMATE CONTROLLING PARTY

The Company is controlled by the Directors, albeit the control is restricted due to the loan covenants in favour of Paragon Mortgages Limited.