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REGISTERED NUMBER: 13558572 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 August 2023

for

R&R Holdings (Epsom) Limited

R&R Holdings (Epsom) Limited (Registered number: 13558572)






Contents of the Financial Statements
for the Year Ended 31 August 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


R&R Holdings (Epsom) Limited

Company Information
for the Year Ended 31 August 2023







DIRECTORS: R J Briggs
R K Digance





REGISTERED OFFICE: Boston House
Henley-On-Thames
RG9 1DY





REGISTERED NUMBER: 13558572 (England and Wales)





ACCOUNTANTS: Villars Hayward LLP
Chartered Accountants,
Chartered Tax Advisers and Registered Auditors
Boston House
Henley-on-Thames
RG9 1DY

R&R Holdings (Epsom) Limited (Registered number: 13558572)

Statement of Financial Position
31 August 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,019 1,302
Investment properties 5 691,906 741,906
692,925 743,208

CURRENT ASSETS
Debtors 6 2,600 100
Cash at bank 14,644 17,621
17,244 17,721
CREDITORS
Amounts falling due within one year 7 2,546 2,881
NET CURRENT ASSETS 14,698 14,840
TOTAL ASSETS LESS CURRENT LIABILITIES 707,623 758,048

CREDITORS
Amounts falling due after more than one year 8 (665,049 ) (660,462 )

PROVISIONS FOR LIABILITIES (6,572 ) (16,126 )

ACCRUALS AND DEFERRED INCOME (8,000 ) (14,400 )
NET ASSETS 28,002 67,060

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 9 27,194 67,447
Retained earnings 708 (487 )
28,002 67,060

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 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.

R&R Holdings (Epsom) Limited (Registered number: 13558572)

Statement of Financial Position - continued
31 August 2023


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 Board of Directors and authorised for issue on 14 September 2023 and were signed on its behalf by:




R J Briggs - Director



R K Digance - Director


R&R Holdings (Epsom) Limited (Registered number: 13558572)

Notes to the Financial Statements
for the Year Ended 31 August 2023

1. STATUTORY INFORMATION

R&R Holdings (Epsom) Limited is a private company, limited by shares incorporated in England and Wales and has its registered office and principal place of business at Boston House, Boston Road, Henley-on-Thames, RG9 1DY.

The principal activity of the company was that of property development and letting activities.

The financial statements are presented in Sterling (£), which is also the functional currency of the company.

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 as modified by the revaluation of certain assets.

Tangible fixed assets
Tangible fixed assets held for the companies own use are stated at cost less accumulated depreciation and accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives as below:

Plant and machinery - 20% straight line

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss, if any.

Investment property
Investment properties are initially recognised at cost and subsequently remeasured to fair value at each reporting date. Fair value is based on the selling price of similar properties in the same condition and age as the property being valued. Any aggregate surplus or deficit arising from changes in fair value are charged or credited to profit or loss.

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.

Financial assets and liabilities
Cash and cash equivalents comprise cash at bank and in hand, demand deposits 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 current liabilities.

Intercompany accounts and other creditors are initially recognised at transaction price when there is a legal or constructive obligation committing the company to that expenditure. Creditor balances are subsequently remeasured to amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost.

R&R Holdings (Epsom) Limited (Registered number: 13558572)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

2. ACCOUNTING POLICIES - continued

Mortgages
Mortgages (shown as loans) are measured initially at fair value, net of transaction costs, and non-current loans payable are subsequently remeasured to amortised cost using the effective interest method, less any impairment.

Going concern
The accounts have been prepared on the assumption that the company is able to carry on business as a going concern which the directors consider appropriate having regard to the circumstances outlined in the notes to the accounts.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2022
and 31 August 2023 1,416
DEPRECIATION
At 1 September 2022 114
Charge for year 283
At 31 August 2023 397
NET BOOK VALUE
At 31 August 2023 1,019
At 31 August 2022 1,302

5. INVESTMENT PROPERTIES
Total
£   
FAIR VALUE
At 1 September 2022 741,906
Revaluations (50,000 )
At 31 August 2023 691,906
NET BOOK VALUE
At 31 August 2023 691,906
At 31 August 2022 741,906

Fair value at 31 August 2023 is represented by:
£   
Valuation in 2022 83,573
Valuation in 2023 (50,000 )
Cost 658,333
691,906

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Other debtors 2,600 100

R&R Holdings (Epsom) Limited (Registered number: 13558572)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Other creditors 2,546 2,881

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.8.23 31.8.22
£    £   
Bank loans 523,337 206,250
Other creditors 141,712 454,212
665,049 660,462

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 523,337 206,250

9. RESERVES
Revaluation
reserve
£   
At 1 September 2022 67,447
Revaluation of investment properties (50,000 )
Deferred tax on revaluation 9,747

At 31 August 2023 27,194