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

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

R & J PROPERTIES LIMITED - Company Information

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REGISTERED NUMBER: 03386609 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2017

FOR

R & J PROPERTIES LIMITED
R & J PROPERTIES LIMITED (REGISTERED NUMBER: 03386609)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2017










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


R & J PROPERTIES LIMITED

COMPANY INFORMATION
for the Year Ended 31 December 2017







DIRECTOR: R Taylor





SECRETARY: Mrs J Taylor





REGISTERED OFFICE: Thirsk Industrial Park
York Road
Thirsk
North Yorkshire
YO7 3AA





REGISTERED NUMBER: 03386609 (England and Wales)





ACCOUNTANTS: Aquarius Business Solutions LLP
Plum Tree Cottage
The Green
Nun Monkton
YORK
West Yorkshire
YO26 8ER
Page 1
R & J PROPERTIES LIMITED (REGISTERED NUMBER: 03386609)

BALANCE SHEET
31 December 2017

31.12.17 31.12.16
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 205,706 223,484

CURRENT ASSETS
Prepayments and accrued income 2,000 2,000
Cash at bank 13,673 10,688
15,673 12,688
CREDITORS
Amounts falling due within one year 4 64,589 81,604
NET CURRENT LIABILITIES (48,916 ) (68,916 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
156,790
154,568

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 156,690 154,468
SHAREHOLDERS' FUNDS 156,790 154,568

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 28 September 2018 and were signed by:





R Taylor - Director


The notes form part of these financial statements

Page 2
R & J PROPERTIES LIMITED (REGISTERED NUMBER: 03386609)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2017


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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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.

Page 3 continued...
R & J PROPERTIES LIMITED (REGISTERED NUMBER: 03386609)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2017


3. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2017
and 31 December 2017 204,999 123,600 328,599
DEPRECIATION
At 1 January 2017 69,700 35,415 105,115
Charge for year 4,100 13,678 17,778
At 31 December 2017 73,800 49,093 122,893
NET BOOK VALUE
At 31 December 2017 131,199 74,507 205,706
At 31 December 2016 135,299 88,185 223,484

4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.17 31.12.16
£    £   
Hire purchase contracts - 18,979
Taxation and social security 12,545 13,445
Other creditors 52,044 49,180
64,589 81,604

5. RELATED PARTY DISCLOSURES

During the year the company received rents amounting to £31,680 (2016 - £31,680) & income in respect of hire
of machinery totalling £30,250 (2016 - £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 2017 the amount
owed to Thirsk Fabrications Limited was £44,714 (2016 - £44,714 owed to Thirsk Fabrications Limited).

6. ULTIMATE CONTROLLING PARTY

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

Page 4