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REGISTERED NUMBER: 00586703 (England and Wales)
























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: Mrs I M Porter
M R Porter
N A Porter





SECRETARY: Mrs I M Porter





REGISTERED OFFICE: Springfield House
99/101 Crossbrook Street
Waltham Cross
Hertfordshire
EN8 8JR





REGISTERED NUMBER: 00586703 (England and Wales)





ACCOUNTANTS: Trevor Jones & Partners Ltd
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 1 1
Investment property 5 1,500,000 1,500,000
1,500,001 1,500,001

CURRENT ASSETS
Debtors 4,837 7,759
Cash at bank 475,534 445,250
480,371 453,009
CREDITORS
Amounts falling due within one year 135,020 128,804
NET CURRENT ASSETS 345,351 324,205
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,845,352

1,824,206

PROVISIONS FOR LIABILITIES 240,970 240,970
NET ASSETS 1,604,382 1,583,236

CAPITAL AND RESERVES
Called up share capital 2,000 2,000
Retained earnings 6 1,602,382 1,581,236
SHAREHOLDERS' FUNDS 1,604,382 1,583,236

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.S. PORTER (CONTRACTORS) LIMITED (REGISTERED NUMBER: 00586703)

Abridged Balance Sheet - continued
30 June 2023


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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30 June 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 20 October 2023 and were signed on its behalf by:





N A Porter - Director


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 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.

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.

Turnover
Turnover represents gross rents receivable.


Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on cost

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 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 July 2022
and 30 June 2023 4,096
DEPRECIATION
At 1 July 2022
and 30 June 2023 4,095
NET BOOK VALUE
At 30 June 2023 1
At 30 June 2022 1

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2022
and 30 June 2023 1,500,000
NET BOOK VALUE
At 30 June 2023 1,500,000
At 30 June 2022 1,500,000

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 2021379,4321,176,498
Profit for the year65,306-
Dividend paid(40,000)-
Revaluation in year--
Deferred tax provision on revaluation--
At 30 June 2022404,7381,176,498

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.






Trevor Jones & Partners Ltd
Springfield House
99/101 Crossbrook Street
Cheshunt
Waltham Cross
Hertfordshire
EN8 8JR


23 October 2023