Relate AccountsProduction v2.7.2 v2.7.2 2022-04-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity of the company continues to be property rental and investment. 19 September 2023 0 0 01204415 2023-03-31 01204415 2022-03-31 01204415 2021-03-31 01204415 2022-04-01 2023-03-31 01204415 2021-04-01 2022-03-31 01204415 uk-bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 01204415 uk-curr:PoundSterling 2022-04-01 2023-03-31 01204415 uk-bus:AbridgedAccounts 2022-04-01 2023-03-31 01204415 uk-core:ShareCapital 2023-03-31 01204415 uk-core:ShareCapital 2022-03-31 01204415 uk-core:RevaluationReserve 2023-03-31 01204415 uk-core:RevaluationReserve 2022-03-31 01204415 uk-core:RetainedEarningsAccumulatedLosses 2023-03-31 01204415 uk-core:RetainedEarningsAccumulatedLosses 2022-03-31 01204415 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-03-31 01204415 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2022-03-31 01204415 uk-bus:FRS102 2022-04-01 2023-03-31 01204415 uk-core:FurnitureFittingsToolsEquipment 2022-04-01 2023-03-31 01204415 2022-04-01 2023-03-31 01204415 uk-bus:Director1 2022-04-01 2023-03-31 01204415 uk-bus:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 xbrli:pure iso4217:GBP xbrli:shares
Company Registration Number: 01204415
 
 
Rubihill Limited
 
Abridged Unaudited Financial Statements
 
for the financial year ended 31 March 2023
Rubihill Limited
Company Registration Number: 01204415
ABRIDGED BALANCE SHEET
as at 31 March 2023

2023 2022
Notes £ £
 
Fixed Assets
Tangible assets 4 745,000 745,000
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Current Assets
Debtors 21,321 24,642
Investments 64,553 58,778
Cash and cash equivalents 87,372 82,008
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173,246 165,428
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Creditors: amounts falling due within one year (218,541) (227,411)
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Net Current Liabilities (45,295) (61,983)
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Total Assets less Current Liabilities 699,705 683,017
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Capital and Reserves
Called up share capital 100 100
Revaluation reserve 107,128 107,128
Retained earnings 592,477 575,789
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Equity attributable to owners of the company 699,705 683,017
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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).
           
All of the members have consented to the preparation of abridged accounts in accordance with section 444(2A) of the Companies Act 2006.
           
The company has taken advantage of the exemption under section 444 not to file the Abridged Profit and Loss Account and Directors' Report.
For the financial year ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Board and authorised for issue on 19 September 2023 and signed on its behalf by
           
           
________________________________          
Mrs D L Wiseman          
Director          
           



Rubihill Limited
NOTES TO THE ABRIDGED FINANCIAL STATEMENTS
for the financial year ended 31 March 2023

   
1. General Information
 
Rubihill Limited is a company limited by shares incorporated in the United Kingdom. The registered office of the company is Handel House, 95 High Street, Edgware  HA8 7DB. The principal activity of the company continues to be property rental and investment. The financial statements have been presented in Pound Sterling (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the year ended 31 March 2023 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Turnover
Turnover represents rent received excluding value added tax relating to the principal activities of the company during the year.
 
Tangible assets and depreciation
Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:
 
  Fixtures, fittings and equipment - 10% and 20% Straight Line
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Investment properties
Investment property is property held either to earn rental income, or for capital appreciation (including future re-development) or for both, but not for sale in the ordinary course of business. Investment property is initially measured at cost, which includes the purchase cost and any directly attributable expenditure. Investment property is subsequently valued at its fair value at each reporting date, by professional external valuers. The difference between the fair value of an investment property at the reporting date and its carrying value prior to the valuation is recognised in the Abridged Profit and Loss Account as a fair value gain or loss. Any gain or loss on disposal of an investment property (calculated as the difference between the net proceeds from disposal and the carrying amount of the item) is recognised in the Abridged Profit and Loss Account.
 
Investments
Current asset investments are stated at the lower of cost and net realisable value.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.
       
3. Employees
 
The average monthly number of employees, including directors, during the financial year was 3, (2022 - 3).
         
4. Tangible assets
  Investment Fixtures, Total
  properties fittings and  
    equipment  
  £ £ £
Cost or Valuation
At 1 April 2022 745,000 4,669 749,669
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At 31 March 2023 745,000 4,669 749,669
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Depreciation
At 1 April 2022 - 4,669 4,669
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At 31 March 2023 - 4,669 4,669
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Net book value
At 31 March 2023 745,000 - 745,000
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At 31 March 2022 745,000 - 745,000
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4.1. Tangible assets continued
 
Tangible assets included at a valuation would have been included on a historical cost basis at:
 
  2023 2022
  £ £
 
Cost 637,872 637,872
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