REGISTERED NUMBER: 11208533 (England and Wales)

Unaudited Financial Statements

for the Year Ended 28 February 2025

for

RJW Properties & Maintenance Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

R J Walker

REGISTERED OFFICE:

Office One, Floor One Maxwell House

Liverpool Innovation Park

Liverpool

L7 9NJ

REGISTERED NUMBER:

11208533 (England and Wales)

ACCOUNTANTS:

Jonathan Ford & Co Limited

Chartered Accountants

Maxwell House

Liverpool Innovation Park

Liverpool

Merseyside

L7 9NJ

FIXED ASSETS

Tangible assets

4

5,600

7,130

Investment property

5

168,000

140,806

173,600

147,936

CURRENT ASSETS

Debtors

6

35,382

33,616

Cash at bank and in hand

1,156

1,957

36,538

35,573

CREDITORS

Amounts falling due within one year

7

2,207

2,097

NET CURRENT ASSETS

34,331

33,476

TOTAL ASSETS LESS CURRENT LIABILITIES

207,931

181,412

CREDITORS

Amounts falling due after more than one year

8

(115,420

)

(115,420

)

PROVISIONS FOR LIABILITIES

(21,709

)

(14,910

)

NET ASSETS

70,802

51,082

CAPITAL AND RESERVES

Called up share capital

10

10

Revaluation reserve

10

125,014

104,619

Retained earnings

(54,222

)

(53,547

)

70,802

51,082

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 November 2025 and were signed by:

R J Walker - Director

1.	STATUTORY INFORMATION

RJW Properties & Maintenance Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Significant judgements and estimates

(i) Investment property

The fair value of investment property is assessed at each reporting date. An independent qualified surveyor will be appointed periodically to formally value investment property but in the intervening periods the directors, one of whom is an estate agent, will value the property.

The key factors considered by the directors when valuing the investment property are the condition of the property, market demand and comparability with similar properties in the local area.

Turnover

Turnover represents rents received and maintenance revenue net of value added tax.

Revenue recognition

Rent is recognised in the period to which it relates.

Tenant deposits are recognised as income to the extent they are withheld and at the point that the amount to be withheld is formally agreed with the tenant.

Maintenance revenue is recognised once the work has been completed and the works approved by the customer.

Tangible fixed assets

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

Motor vehicles

-

25% on cost

Computer equipment

-

33% on cost

Investment property

Investment properties are revalued annually with any surplus or deficit being dealt through profit and loss. No depreciation is provided in respect of investment properties.

Current tax

Current tax is the amount of income tax payable in respect of taxable profit for the year or prior years. Tax is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the period end.

Deferred tax

Deferred tax is recognised on all timing differences at the reporting date except for certain exceptions. Unrelieved tax losses and other deferred tax assets are only recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted and that are expected to apply to the reversal of the timing difference.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 29 February 2024

-

8,004

702

8,706

Additions

750

-

-

750

At 28 February 2025

750

8,004

702

9,456

DEPRECIATION

At 29 February 2024

-

1,069

507

1,576

Charge for year

84

2,001

195

2,280

At 28 February 2025

84

3,070

702

3,856

NET BOOK VALUE

At 28 February 2025

666

4,934

-

5,600

At 28 February 2024

-

6,935

195

7,130

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 29 February 2024

140,806

Revaluations

27,194

At 28 February 2025

168,000

NET BOOK VALUE

At 28 February 2025

168,000

At 28 February 2024

140,806

Investment property is comprised of two properties, acquired on 19 March 2018 and 4 January 2019 for £33,000 and £43,000 respectively. The properties were valued as at the year end by the director who estimated a market value of £168,000 for the properties.

There are no restrictions on the realisability of investment property or on the remittance of income and proceeds of disposal.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

28.2.24

£

£

Other debtors

35,382

33,616

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

28.2.24

£

£

Trade creditors

-

1

Taxation and social security

-

1,347

Other creditors

2,207

749

2,207

2,097

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

28.2.25

28.2.24

£

£

Bank loans

115,420

115,420

28.2.25

28.2.24

£

£

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

115,420

115,420

9.	SECURED DEBTS

The following secured debts are included within creditors:

28.2.25

28.2.24

£

£

Bank loans

115,420

115,420

The company's mortgage provider has fixed charges over each of the company's two properties.

10.

RESERVES

Revaluatio

reserve

£

At 29 February 2024

104,619

Reserves transfer

20,395

At 28 February 2025

125,014

11.	OFF-BALANCE SHEET ARRANGEMENTS

The company has no off-balance sheet arrangements.

12.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28 February 2025 and 28 February 2024:

28.2.25

28.2.24

£

£

R J Walker

Balance outstanding at start of year

-

11,511

Amounts repaid

-

(11,511

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-