REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 30 June 2023 |
for |
R.S. PORTER (CONTRACTORS) LIMITED |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 30 June 2023 |
for |
R.S. PORTER (CONTRACTORS) LIMITED |
R.S. PORTER (CONTRACTORS) LIMITED (REGISTERED NUMBER: 00586703) |
Contents of the Financial Statements |
for the year ended 30 June 2023 |
Page |
Company Information | 1 |
Abridged Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Chartered Accountants' Report | 6 |
R.S. PORTER (CONTRACTORS) LIMITED |
Company Information |
for the year ended 30 June 2023 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Springfield House |
99/101 Crossbrook Street |
Cheshunt |
Waltham Cross |
Hertfordshire |
EN8 8JR |
R.S. PORTER (CONTRACTORS) LIMITED (REGISTERED NUMBER: 00586703) |
Abridged Balance Sheet |
30 June 2023 |
2023 | 2022 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
Investment property | 5 |
CURRENT ASSETS |
Debtors |
Cash at bank |
CREDITORS |
Amounts falling due within one year |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | 6 |
SHAREHOLDERS' FUNDS |
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.S. PORTER (CONTRACTORS) LIMITED (REGISTERED NUMBER: 00586703) |
Abridged Balance Sheet - continued |
30 June 2023 |
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 |
R.S. PORTER (CONTRACTORS) LIMITED (REGISTERED NUMBER: 00586703) |
Notes to the Financial Statements |
for the year ended 30 June 2023 |
1. | STATUTORY INFORMATION |
R.S. Porter (Contractors) Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover represents gross rents receivable. |
Tangible fixed assets |
Plant and machinery etc | - |
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. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | TANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 1 July 2022 |
and 30 June 2023 |
DEPRECIATION |
At 1 July 2022 |
and 30 June 2023 |
NET BOOK VALUE |
At 30 June 2023 |
At 30 June 2022 |
5. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1 July 2022 |
and 30 June 2023 |
NET BOOK VALUE |
At 30 June 2023 |
At 30 June 2022 |
R.S. PORTER (CONTRACTORS) LIMITED (REGISTERED NUMBER: 00586703) |
Notes to the Financial Statements - continued |
for the year ended 30 June 2023 |
5. | INVESTMENT PROPERTY - continued |
Fair value at 30 June 2023 is represented by: |
£ |
Valuation in 2017 | 500,000 |
Valuation in 2010 | 917,468 |
Cost | 82,532 |
1,500,000 |
If Investment property had not been revalued it would have been included at the following historical cost: |
2023 | 2022 |
£ | £ |
Cost | 82,532 | 82,532 |
Investment property was valued on an open market basis on 30 June 2018 by the directors . |
6. | RESERVES |
The retained earnings reserve contains the following components: |
Retained profit and loss | Revaluation reserve |
£ | £ |
At 1 July 2021 | 379,432 | 1,176,498 |
Profit for the year | 65,306 | - |
Dividend paid | (40,000 | ) | - |
Revaluation in year | - | - |
Deferred tax provision on revaluation | - | - |
At 30 June 2022 | 404,738 | 1,176,498 |
7. | ULTIMATE CONTROLLING PARTY |
There is no ultimate controlling party of the company. |
Chartered Accountants' Report to the Board of Directors |
on the Unaudited Financial Statements of |
R.S. Porter (Contractors) Limited |
The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Abridged Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies. |
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of R.S. Porter (Contractors) Limited for the year ended 30 June 2023 which comprise the Abridged Income Statement, Abridged Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us. |
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. |
This report is made solely to the Board of Directors of R.S. Porter (Contractors) Limited, as a body, in accordance with the terms of our engagement letter dated 13 March 2009. Our work has been undertaken solely to prepare for your approval the financial statements of R.S. Porter (Contractors) Limited and state those matters that we have agreed to state to the Board of Directors of R.S. Porter (Contractors) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than R.S. Porter (Contractors) Limited and its Board of Directors, as a body, for our work or for this report. |
It is your duty to ensure that R.S. Porter (Contractors) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of R.S. Porter (Contractors) Limited. You consider that R.S. Porter (Contractors) Limited is exempt from the statutory audit requirement for the year. |
We have not been instructed to carry out an audit or a review of the financial statements of R.S. Porter (Contractors) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
Springfield House |
99/101 Crossbrook Street |
Cheshunt |
Waltham Cross |
Hertfordshire |
EN8 8JR |