R.J. BLACKMORE LIMITED Filleted accounts for Companies House (small and micro)

R.J. BLACKMORE LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 01214137

R.J. BLACKMORE LIMITED

Filleted Unaudited Financial Statements

For the year ended

31 March 2022

R.J. BLACKMORE LIMITED

Financial Statements

Year ended 31 March 2022

Contents	Pages

Statement of financial position	1 to 2

Notes to the financial statements	3 to 6

R.J. BLACKMORE LIMITED

Statement of Financial Position

31 March 2022

	2022		2021
Note	£	£	£

Fixed assets

Tangible assets	5		281,074	251,286

Current assets

Debtors	6	4,021	4,006
Cash at bank and in hand		102,888	92,914
		---------	--------
		106,909	96,920

Creditors: amounts falling due within one year	7	( 17,440)		( 18,210)
		---------		--------
Net current assets			89,469	78,710
			---------	---------
Total assets less current liabilities			370,543	329,996

Provisions

Taxation including deferred tax	8	( 38,319)	( 32,619)
		---------	---------
Net assets		332,224	297,377
		---------	---------

Capital and reserves

Called up share capital	10	1,000	1,000
Other reserves	11	163,362	139,062
Profit and loss account	11	167,862	157,315
		---------	---------
Shareholders funds		332,224	297,377
		---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the year ending 31 March 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

R.J. BLACKMORE LIMITED

Statement of Financial Position (continued)

31 March 2022

These financial statements were approved by the board of directors and authorised for issue on 2 December 2022 , and are signed on behalf of the board by:

C R BLACKMORE
Director

Company registration number: 01214137

R.J. BLACKMORE LIMITED

Notes to the Financial Statements

Year ended 31 March 2022

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 7 Grove Gardens, Teddington, Middlesex, TW11 8AR.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, other than investment properties measured at fair value through profit or loss. The financial statements are prepared in UK sterling, which is the functional currency of the entity. Monetary amounts in these financial statements are rounded to the nearest UK pound.

Trade receivables

Trade receivables do not carry any interest and are stated at their original invoice value as reduced by appropriate allowances for estimated irrecoverable amounts.

Trade payables

Trade payables do not carry any interest and are stated at their original invoice value.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period. When the outcome of a transaction involving the rendering of services cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income. In this case, tax is recognised in other comprehensive income. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Fixtures, fittings and equipment	-	15% reducing balance
Motor Vehicles	-	25% reducing balance

Investment property

Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 1 (2021: 1).

5. Tangible assets

	Investment property	Fixtures and fittings	Motor vehicles	Total
	£	£	£	£
Cost
At 1 April 2021	250,000	1,969	10,142	262,111
Disposals	–	–	( 10,142)	( 10,142)
Revaluations	30,000	–	–	30,000
	---------	-------	--------	---------
At 31 March 2022	280,000	1,969	–	281,969
	---------	-------	--------	---------
Depreciation
At 1 April 2021	–	706	10,119	10,825
Charge for the year	–	189	–	189
Disposals	–	–	( 10,119)	( 10,119)
	---------	-------	--------	---------
At 31 March 2022	–	895	–	895
	---------	-------	--------	---------
Carrying amount
At 31 March 2022	280,000	1,074	–	281,074
	---------	-------	--------	---------
At 31 March 2021	250,000	1,263	23	251,286
	---------	-------	--------	---------

Included within the above is investment property as follows:

	£
At 1 April 2021	250,000
Fair value adjustments	30,000
	---------
At 31 March 2022	280,000
	---------

The fair value of the investment property has been arrived at by the valuation carried out by the director at 31 March 2022. The fair value is based on the market value and market rent of the property.

6. Debtors

	2022	2021
	£	£
Trade debtors	3,755	3,850
Other debtors	266	156
	-------	-------
	4,021	4,006
	-------	-------

7. Creditors: amounts falling due within one year

	2022	2021
	£	£
Trade creditors	27	2,765
Other creditors	17,413	15,445
	--------	--------
	17,440	18,210
	--------	--------

8. Provisions

	Deferred tax (note 9)
	£
At 1 April 2021	32,619
Charge against provision	5,700
	--------
At 31 March 2022	38,319
	--------

9. Deferred tax

The deferred tax included in the statement of financial position is as follows:

	2022	2021
	£	£
Included in provisions (note 8)	38,319	32,619
	--------	--------

The deferred tax account consists of the tax effect of timing differences in respect of:

	2022	2021
	£	£
Fair value adjustment of investment property	38,319	32,619
	--------	--------

10. Called up share capital

Issued, called up and fully paid

	2022		2021
	No.	£	No.	£
Ordinary shares of £ 1 each	1,000	1,000	1,000	1,000
	-------	-------	-------	-------

11. Reserves

Profit and loss account - These reserves record retained earnings and accumulated losses. Other reserves - These reserves record fair value gains on investment properties net of deferred tax.