REGISTERED NUMBER: 11082802 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2025

FOR

RJS LETTINGS LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr R Shannon

REGISTERED OFFICE:

The Tower

Daltongate Business Centre

Ulverston

Cumbria

LA12 7AJ

REGISTERED NUMBER:

11082802 (England and Wales)

BANKERS:

Lloyds Bank plc

79 High Street

Chesham

Buckinghamshire

HP5 1DE

FIXED ASSETS

Tangible assets

4

185,275

210,039

Investment property

5

341,475

463,999

526,750

674,038

CURRENT ASSETS

Debtors

99,316

170,284

Cash at bank

2,450

1,648

101,766

171,932

CREDITORS

Amounts falling due within one year

147,181

293,475

NET CURRENT LIABILITIES

(45,415

)

(121,543

)

TOTAL ASSETS LESS CURRENT LIABILITIES

481,335

552,495

CREDITORS

Amounts falling due after more than one year

6

(467,843

)

(606,603

)

PROVISIONS FOR LIABILITIES

(1,109

)

-

NET ASSETS/(LIABILITIES)

12,383

(54,108

)

CAPITAL AND RESERVES

Called up share capital

8

1

1

Retained earnings

12,382

(54,109

)

SHAREHOLDERS' FUNDS

12,383

(54,108

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 November 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 26 August 2026 and were signed by:

Mr R Shannon - Director

1.	STATUTORY INFORMATION

RJS Lettings 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.

The financial statements have been prepared on the going concern basis.

Turnover

Turnover represents net invoiced rental income as adjusted for accrued income, excluding VAT.

Tangible fixed assets

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

Improvements to property

-

not provided

Plant and machinery

-

20% on cost

Computer equipment

-

33% on cost

Investment property

All of the company's investment properties are held for long-term investment and are included in the Balance Sheet at cost which is a departure from Financial Reporting Standard 102.

Depreciation is not provided in respect of investment properties which is a departure from Financial Reporting Standard 102 the Companies Act 2006. Depreciation if provided would not have been of a material nature.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 December 2024

221,983

Disposals

(21,279

)

At 30 November 2025

200,704

DEPRECIATION

At 1 December 2024

11,944

Charge for year

3,485

At 30 November 2025

15,429

NET BOOK VALUE

At 30 November 2025

185,275

At 30 November 2024

210,039

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 December 2024

463,999

Disposals

(145,779

)

Revaluations

23,255

At 30 November 2025

341,475

NET BOOK VALUE

At 30 November 2025

341,475

At 30 November 2024

463,999

Fair value at 30 November 2025 is represented by:

£

Valuation in 2025

23,255

Cost

318,220

341,475

All of the company's investment properties are held for long-term investment and are included in the Balance Sheet at cost which is a departure from Financial Reporting Standard 102.

Depreciation is not provided in respect of investment properties which is a departure from Financial Reporting Standard 102 the Companies Act 2006. Depreciation if provided would not have been of a material nature.

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS

30.11.25

30.11.24

£

£

Repayable by instalments

Bank loans more 5 yr by instal

444,947

581,139

7.	SECURED DEBTS

The following secured debts are included within creditors:

30.11.25

30.11.24

£

£

Bank loans

444,947

581,139

Paratus AMC Limited holds charges over 70 Gloucester Street, Barrow-in-Furness, 17 Devon Street, Barrow-in-Furness, 78 Risedale Road, Barrow-in-Furness and 8 Frederick Street, Barrow-in-Furness.

Shawbrook Bank Limited hold a charge over 37 Kent Street, Barrow-in-Furness and 2 Penrith Street, Barrow-in-Furness.

InterBay Funding Ltd hold a charge over Rose Cottage, The Green, Millom.

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.25

30.11.24

value:

£

£

1

Ordinary

£1

1

1

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2025 and 30 November 2024:

30.11.25

30.11.24

£

£

Mr R Shannon

Balance outstanding at start of year

117,060

69,107

Amounts advanced

99,316

117,060

Amounts repaid

(117,060

)

(69,107

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

99,316

117,060

During the financial year the director was charged £2,407 (2024 : £1,302) interest on the loan which is unsecured and repayable on demand.

10.	RELATED PARTY DISCLOSURES

At the 30th November 2025 the company had received a loan of £67,757 (2024: £67,757) from RJS247 Limited, a company wholly owned and controlled by Mr R Shannon.

At the 30th November 2025 the company had loaned £27,622 (2024: £23,822) to Channelside Holdings Limited, a company partially owned and controlled by Mr R Shannon.

At the 30th November 2025 the company had received a loan of £132,210 (2024: £148,460) from RJS Consulting Ltd, a company registered in the Isle of Man wholly controlled by Mr R Shannon.

At the 30th November 2025 the company had loaned £34,147 (2024: £29,402) to Ginger Bricks Ltd, a company partially owned and controlled by Mr R Shannon.

11.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr R Shannon.