Rushcliffe Securities Limited
|
Registered number: |
02511183
|
Balance Sheet |
as at 30 June 2018
|
|
Notes |
|
|
2018 |
|
|
2017 |
£ |
£ |
Fixed assets |
Tangible assets |
3 |
|
|
1,190,229 |
|
|
1,190,305 |
|
Current assets |
Debtors |
4 |
|
7,799 |
|
|
9,380 |
Cash at bank and in hand |
|
|
53,765 |
|
|
45,952 |
|
|
|
61,564 |
|
|
55,332 |
|
Creditors: amounts falling due within one year |
5 |
|
(326,963) |
|
|
(337,604) |
|
Net current liabilities |
|
|
|
(265,399) |
|
|
(282,272) |
|
Total assets less current liabilities |
|
|
|
924,830 |
|
|
908,033 |
|
|
Provision for deferred taxation |
|
|
|
(55,000) |
|
|
(58,000) |
|
|
Net assets |
|
|
|
869,830 |
|
|
850,033 |
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
|
|
|
100 |
|
|
100 |
Profit and loss account |
|
|
|
869,730 |
|
|
849,933 |
|
Shareholders' funds |
|
|
|
869,830 |
|
|
850,033 |
|
|
|
|
|
|
|
|
|
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
|
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
|
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
|
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
|
|
|
|
|
|
C M Trigg |
Director |
Approved by the board on 21 December 2018
|
|
Rushcliffe Securities Limited
|
Notes to the Accounts |
for the year ended 30 June 2018
|
|
|
1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
|
|
|
Turnover |
|
Turnover comprises rental income and other sums receivable from occupiers of investment properties (including insurance charges, service charges and other recoverable costs) and is exclusive of VAT.
|
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
|
|
|
Plant and machinery |
25% reducing balance |
|
|
Investment properties |
|
The company's investment properties are revalued annually and the aggregate surplus or deficit is charged in the profit and loss account.
|
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Deferred tax is recognised in respect of all timing differences (including those on revalued assets) between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.
|
|
|
Provisions |
|
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
|
|
|
2 |
Employees |
2018 |
|
2017 |
Number |
Number |
|
|
Average number of persons employed by the company |
2 |
|
2 |
|
|
|
|
|
|
|
|
|
|
3 |
Tangible fixed assets |
|
|
|
|
Investment properties |
|
Plant and machinery etc |
|
Total |
£ |
£ |
£ |
|
Cost |
|
At 1 July 2017 |
1,190,000 |
|
1,105 |
|
1,191,105 |
|
At 30 June 2018 |
1,190,000 |
|
1,105 |
|
1,191,105 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 July 2017 |
- |
|
800 |
|
800 |
|
Charge for the year |
- |
|
76 |
|
76 |
|
At 30 June 2018 |
- |
|
876 |
|
876 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 30 June 2018 |
1,190,000 |
|
229 |
|
1,190,229 |
|
At 30 June 2017 |
1,190,000 |
|
305 |
|
1,190,305 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2018 |
|
2017 |
£ |
£ |
|
Historical cost of the investment properties |
537,477 |
|
537,477 |
|
Cumulative depreciation based on historical cost |
- |
|
- |
|
|
|
|
|
|
537,477 |
|
537,477 |
|
|
|
|
|
|
|
|
|
|
The investment properties are valued at market value on 30 June 2018 in accordance with the accounting policy in respect of investment properties set out in note 1 above. The valuation, which was carried out for accounts purposes, was performed by the directors, Mr P A Dale and Mr C M Trigg. |
|
|
4 |
Debtors |
2018 |
|
2017 |
£ |
£ |
|
|
Other debtors |
7,799 |
|
9,380 |
|
|
|
|
|
|
|
|
|
|
5 |
Creditors: amounts falling due within one year |
2018 |
|
2017 |
£ |
£ |
|
|
Corporation tax |
15,197 |
|
14,342 |
|
Other taxes and social security costs |
516 |
|
- |
|
Other creditors |
311,250 |
|
323,262 |
|
|
|
|
|
|
326,963 |
|
337,604 |
|
|
|
|
|
|
|
|
|
|
6 |
Related party transactions |
|
|
The amount owing by the company on loan account to Mr P A Dale, company director, at 30 June 2018 is £135,785 (2017: £140,790). Interest is not chargeable on this account and there is no fixed date for repayment. The amount owing by the company on loan account to Mr C M Trigg, company director, at 30 June 2018 is £139,869 (2017: £144,347). Interest is not chargeable on this account and there is no fixed date for repayment.
|
|
|
7 |
Controlling party |
|
|
The company is controlled by its two shareholders, Mr P A Dale and Mr C M Trigg.
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|
8 |
Other information |
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Rushcliffe Securities Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
Rushcliffe House |
|
10-12 Ridge lane |
|
Radcliffe-on-Trent |
|
Nottingham |
|
NG12 1BD |