Caseware UK (AP4) 2022.0.179 2022.0.179 2022-07-312022-07-31falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.0The company in the year under review was that of letting residential property.2021-08-01falsetrue0 10882613 2021-08-01 2022-07-31 10882613 2020-08-01 2021-07-31 10882613 2022-07-31 10882613 2021-07-31 10882613 c:Director1 2021-08-01 2022-07-31 10882613 d:FreeholdInvestmentProperty 2022-07-31 10882613 d:FreeholdInvestmentProperty 2021-07-31 10882613 d:CurrentFinancialInstruments 2022-07-31 10882613 d:CurrentFinancialInstruments 2021-07-31 10882613 d:CurrentFinancialInstruments d:WithinOneYear 2022-07-31 10882613 d:CurrentFinancialInstruments d:WithinOneYear 2021-07-31 10882613 d:ShareCapital 2022-07-31 10882613 d:ShareCapital 2021-07-31 10882613 d:RetainedEarningsAccumulatedLosses 2022-07-31 10882613 d:RetainedEarningsAccumulatedLosses 2021-07-31 10882613 c:FRS102 2021-08-01 2022-07-31 10882613 c:AuditExempt-NoAccountantsReport 2021-08-01 2022-07-31 10882613 c:FullAccounts 2021-08-01 2022-07-31 10882613 c:PrivateLimitedCompanyLtd 2021-08-01 2022-07-31 iso4217:GBP xbrli:pure

Registered number: 10882613










RUGBY MAD REAL ESTATE LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2022

 
RUGBY MAD REAL ESTATE LIMITED
REGISTERED NUMBER: 10882613

BALANCE SHEET
AS AT 31 JULY 2022

2022
2021
Note
£
£

Fixed assets
  

Investment property
 4 
135,003
135,003

  
135,003
135,003

Current assets
  

Cash at bank and in hand
  
3,145
80

  
3,145
80

Creditors: amounts falling due within one year
 5 
(132,465)
(131,849)

Net current liabilities
  
 
 
(129,320)
 
 
(131,769)

Total assets less current liabilities
  
5,683
3,234

  

Net assets
  
5,683
3,234


Capital and reserves
  

Called up share capital 
  
10
10

Profit and loss account
  
5,673
3,224

  
5,683
3,234


Page 1

 
RUGBY MAD REAL ESTATE LIMITED
REGISTERED NUMBER: 10882613
    
BALANCE SHEET (CONTINUED)
AS AT 31 JULY 2022

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 3 October 2023.




Christie-Lee Ball
Director

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
RUGBY MAD REAL ESTATE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2022

1.


General information

Rugby Mad Real Estate 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.
The presentation currency of the financial statements is the Pound Sterling (£).

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

  
2.2

Significant judgements and estimates

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors which are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision only effects that in the period of the revision and future periods if the revision affects both current and future periods.
The following are the critical judgements that the directors have made in the process of applying the company's accounting policies and that have the most significant effect on the amounts recognised in the financial statements.
I
mpairment of assets
Assets are assessed for indicators of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the income statement.
Provisions and contingencies
Provisions are recognised when the company has a present obligation as a result of a past event and a reliable estimate can be made of a probable adverse outcome. Otherwise, material contingent liabilities are unless a transfer of economic benefits is considered remote. Contingent assets are only disclosed if an inflow of economic benefits is probable.

  
2.3

Turnover

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

Page 3

 
RUGBY MAD REAL ESTATE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2022

2.Accounting policies (continued)

 
2.4

Going concern

In preparing the financial statements, the directors have considered the current financial position of the and have concluded that it is appropriate to prepare the financial statements on a going concern basis. In forming this conclusion, the director has considered the company's net liabilities and the loss reported in current financial year.
After making enquiries, the directors have a reasonable expectation that the company has adequate to continue in operational existence for the foreseeable future and to meet its financial obligations as they due. Accordingly, the director continues to adopt the going concern basis in preparing the annual report and accounts.

 
2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.6

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

  
2.7

Financial instruments

Basic financial assets, which include trade and other debtors and cash and bank balances, are initially at transaction price unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
Basic financial liabilities, including trade and other creditors, are initially recognised at transaction price the arrangement constitutes a financing transaction, where the debt instrument is measured at the present of the future receipts discounted at a market rate of interest.


3.


Employees

The Company has no employees other than the directors, who did not receive any remuneration (2021 - £NIL).

The average monthly number of employees, including directors, during the year was 0 (2021 - 0).

Page 4

 
RUGBY MAD REAL ESTATE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2022

4.


Investment property


Freehold investment property

£



Valuation


At 1 August 2021
135,003



At 31 July 2022
135,003

The 2022 valuations were made by the directors, on an open market value for existing use basis.



At 31 July 2022





5.


Creditors: Amounts falling due within one year

2022
2021
£
£

Bank loans
99,974
99,979

Trade creditors
49
998

Corporation tax
565
-

Other creditors
30,877
29,927

Accruals and deferred income
1,000
945

132,465
131,849


 
Page 5