R & J Properties Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03386609 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2020

FOR

R & J PROPERTIES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

R Taylor

SECRETARY:

Mrs J Taylor

REGISTERED OFFICE:

Thirsk Industrial Park

York Road

Thirsk

North Yorkshire

YO7 3BX

REGISTERED NUMBER:

03386609 (England and Wales)

ACCOUNTANTS:

Aquarius Business Solutions LLP

Plum Tree Cottage

The Green

Nun Monkton

YORK

North Yorkshire

YO26 8ER

FIXED ASSETS

Tangible assets

4

164,655

176,830

CURRENT ASSETS

Cash at bank

36,961

28,250

CREDITORS

Amounts falling due within one year

5

53,688

64,738

NET CURRENT LIABILITIES

(16,727

)

(36,488

)

TOTAL ASSETS LESS CURRENT LIABILITIES

147,928

140,342

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

147,828

140,242

SHAREHOLDERS' FUNDS

147,928

140,342

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2020 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 30 September 2021 and were signed by:

R Taylor - Director

1.	STATUTORY INFORMATION

R & J Properties 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.

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Land and buildings

-

2% on cost

Plant and machinery etc

-

15% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2019 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 January 2020

and 31 December 2020

204,999

123,600

328,599

DEPRECIATION

At 1 January 2020

82,000

69,769

151,769

Charge for year

4,100

8,075

12,175

At 31 December 2020

86,100

77,844

163,944

NET BOOK VALUE

At 31 December 2020

118,899

45,756

164,655

At 31 December 2019

122,999

53,831

176,830

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.20

31.12.19

£

£

Taxation and social security

17,484

16,041

Other creditors

36,204

48,697

53,688

64,738

6.	RELATED PARTY DISCLOSURES

During the year the company received rents amounting to £40,000 (2019 - £35,840) & income in respect of hire of machinery totalling £33,000 (2019 - £33,000) from Thirsk Fabrications Limited. Mr R Taylor is a director of Thirsk Fabrications Limited and has a beneficial interest in 100% of the issued share capital. These transactions were at arms length and the amounts are stated net of VAT where appropriate. At 31 December 2019 the amount owed to Thirsk Fabrications Limited was £32,800 (2019 - £44,714 owed to Thirsk Fabrications Limited).

7.	ULTIMATE CONTROLLING PARTY

The company is controlled by the director, Mr R Taylor.