RJN Technologies Ltd - Accounts to registrar (filleted) - small 18.2

RJN Technologies Ltd - Accounts to registrar (filleted) - small 18.2

RJN TECHNOLOGIES LTD - Company Information

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REGISTERED NUMBER: 09764132 (England and Wales)















RJN TECHNOLOGIES LTD

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2018





DTE Business Advisers Limited
Chartered Accountants
The Exchange
5 Bank Street
Bury
BL9 0DN








RJN TECHNOLOGIES LTD (REGISTERED NUMBER: 09764132)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2018










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


RJN TECHNOLOGIES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2018







DIRECTORS: N A Chowdhary
J A Chowdhary
Ms R K Chowdhary





REGISTERED OFFICE: 355 Bury & Rochdale Old Road
Heywood
OL10 4BB





REGISTERED NUMBER: 09764132 (England and Wales)





ACCOUNTANTS: DTE Business Advisers Limited
Chartered Accountants
The Exchange
5 Bank Street
Bury
BL9 0DN
1
RJN TECHNOLOGIES LTD (REGISTERED NUMBER: 09764132)

STATEMENT OF FINANCIAL POSITION
31 JANUARY 2018

2018 2017
Notes £    £   
FIXED ASSETS
Investment property 4 3,106,690 3,106,690

CURRENT ASSETS
Debtors 5 71,544 61,534
Cash at bank and in hand 41,671 39,574
113,215 101,108
CREDITORS
Amounts falling due within one year 6 (3,161,381 ) (3,176,020 )
NET CURRENT LIABILITIES (3,048,166 ) (3,074,912 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
58,524
31,778

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 58,521 31,775
SHAREHOLDERS' FUNDS 58,524 31,778

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 28 November 2018 and were signed on its behalf
by:





N A Chowdhary - Director


The notes form part of these financial statements

2
RJN TECHNOLOGIES LTD (REGISTERED NUMBER: 09764132)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2018


1. STATUTORY INFORMATION

RJN Technologies Ltd is a private company, limited by shares, registered in England and Wales. The company's
registered number is 09764132 and registered office address is 355 Bury & Rochdale Old Road, Heywood,
England, OL10 4BB.

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.

Significant judgements and estimates
In the application of the company's accounting policies, the directors are required to make estimates and
judgements. The estimates are based on historical experience and other relevant factors. Actual results may differ
from these estimates.

The estimates are continually evaluated. Revisions to accounting estimates are recognised in the period in which
the estimate is revised.

The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying
amount of assets and liabilities are outlined below.

Estimating the fair value of the investment property, given a lack of comparable market data and sensitivity to the
estimated yield.

Revenue
Revenue represents rental income receivable in respect of the accounting period, allocated on a straight line basis
over the period of the lease.

Investment property
Investment property is included at fair value. Gains are recognised in the income statement.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the
statement of financial position 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 continued...
RJN TECHNOLOGIES LTD (REGISTERED NUMBER: 09764132)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2018


2. ACCOUNTING POLICIES - continued

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial
assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third
parties and loans to related parties.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for
objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised
in the income statement.

Basic financial liabilities are initially measured at transaction price and subsequently measured at amortised cost,
being the transaction price less any amounts settled.

Cash and cash equivalents
Cash and cash equivalents includes cash in hand, deposits held at call with banks, other short-term highly liquid
investments with original maturities of three months or less and bank overdrafts. Bank overdrafts, when
applicable, are shown within borrowings in current liabilities

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2017 - 3 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2017
and 31 January 2018 3,106,690
NET BOOK VALUE
At 31 January 2018 3,106,690
At 31 January 2017 3,106,690

The directors are of the opinion that at 31 January 2018 the cost of the investment property represents its current
fair value.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Other debtors 71,544 61,534

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Taxation and social security 9,897 7,944
Other creditors 3,151,484 3,168,076
3,161,381 3,176,020

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