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REGISTERED NUMBER: 01482291 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

RUMLONE LIMITED

RUMLONE LIMITED (REGISTERED NUMBER: 01482291)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023










Page

Balance Sheet 1

Notes to the Financial Statements 3


RUMLONE LIMITED (REGISTERED NUMBER: 01482291)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 220,000 220,000

CURRENT ASSETS
Debtors 5 330 3,292
Cash at bank 22,216 13,994
22,546 17,286
CREDITORS
Amounts falling due within one year 6 8,564 10,013
NET CURRENT ASSETS 13,982 7,273
TOTAL ASSETS LESS CURRENT
LIABILITIES

233,982

227,273

PROVISIONS FOR LIABILITIES 21,741 16,522
NET ASSETS 212,241 210,751

CAPITAL AND RESERVES
Called up share capital 10 10
Capital redemption reserve 7 454 454
Retained earnings 7 211,777 210,287
SHAREHOLDERS' FUNDS 212,241 210,751

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

RUMLONE LIMITED (REGISTERED NUMBER: 01482291)

BALANCE SHEET - continued
31 MARCH 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 September 2023 and were signed by:





S J Unsworth - Director


RUMLONE LIMITED (REGISTERED NUMBER: 01482291)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023


1. STATUTORY INFORMATION

Rumlone Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 01482291

Registered office: 5 Brooklands Place
Brooklands Road
Sale
Cheshire
M33 3SD

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.

These financial statements for the year ended 31 March 2020 are the first financial statements that comply with FRS102. The date of transition is 1 April 2019. The transition to FRS102 has resulted in a number of changes in accounting policies to those used previously, as the company has included deferred tax on its balance sheet and has shown gains in fair value on the face of the Income Statement.

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

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

RUMLONE LIMITED (REGISTERED NUMBER: 01482291)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022
and 31 March 2023 220,000
NET BOOK VALUE
At 31 March 2023 220,000
At 31 March 2022 220,000

The investment property is stated at fair value which has been accounted for as deemed cost in accordance with the company's accounting policy.

Fair value at 31 March 2023 is represented by:
£   
Valuation in 2020 198,238
Cost 21,762
220,000

If investment property had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 21,762 21,762

Investment property was valued on an open market basis on 31 March 2023 by the director .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 3,071
Other debtors 330 221
330 3,292

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 7,174 3,199
Other creditors 1,390 6,814
8,564 10,013

RUMLONE LIMITED (REGISTERED NUMBER: 01482291)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


7. RESERVES

Included within retained earnings are fair value gains on investment properties of £181,716 (2022 - £181,716) net of deferred tax of £21,741 (2022 - £16,522), which are not available for distribution as they are unrealised.