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REGISTERED NUMBER: 04407884 (England and Wales)














Financial Statements

for the Year Ended 30 April 2023

for

Runehall Properties Limited

Runehall Properties Limited (Registered number: 04407884)

Contents of the Financial Statements
for the Year Ended 30 April 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Runehall Properties Limited

Company Information
for the Year Ended 30 April 2023







DIRECTOR: G R Disley





SECRETARY: Mrs Y Disley





REGISTERED OFFICE: Oriel House
2 - 8 Oriel Road
Bootle
Merseyside
L20 7EP





REGISTERED NUMBER: 04407884 (England and Wales)





ACCOUNTANTS: SB&P
Chartered Accountants
Oriel House
2-8 Oriel Road
Bootle
Liverpool
Merseyside
L20 7EP

Runehall Properties Limited (Registered number: 04407884)

Balance Sheet
30 April 2023

30.4.23 30.4.22
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 1,105,162 1,136,982

CURRENT ASSETS
Debtors 5 220,162 198,172
Cash at bank and in hand 56,015 17,437
276,177 215,609
CREDITORS
Amounts falling due within one year 6 15,632 12,105
NET CURRENT ASSETS 260,545 203,504
TOTAL ASSETS LESS CURRENT LIABILITIES 1,365,707 1,340,486

CREDITORS
Amounts falling due after more than one year 7 (929,677 ) (929,677 )

PROVISIONS FOR LIABILITIES (27,698 ) (28,500 )
NET ASSETS 408,332 382,309

CAPITAL AND RESERVES
Called up share capital 9 2 2
Revaluation reserve 10 145,780 150,000
Retained earnings 262,550 232,307
SHAREHOLDERS' FUNDS 408,332 382,309

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Runehall Properties Limited (Registered number: 04407884)

Balance Sheet - continued
30 April 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 2 November 2023 and were signed by:





G R Disley - Director


Runehall Properties Limited (Registered number: 04407884)

Notes to the Financial Statements
for the Year Ended 30 April 2023


1. STATUTORY INFORMATION

Runehall Properties 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 - going concern
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 rent received from residential lettings.

Investment property
Investment properties are shown at the latest market value.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3. EMPLOYEES AND DIRECTORS

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

Runehall Properties Limited (Registered number: 04407884)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023


4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2022 1,136,982
Disposals (31,820 )
At 30 April 2023 1,105,162
NET BOOK VALUE
At 30 April 2023 1,105,162
At 30 April 2022 1,136,982

Fair value at 30 April 2023 is represented by:
£   
Valuation in 2020 1,105,162

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Other debtors 220,162 198,172

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Taxation and social security 5,529 2,171
Other creditors 10,103 9,934
15,632 12,105

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.4.23 30.4.22
£    £   
Bank loans 929,677 929,677

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Mortgage account > 5 years 929,677 929,677

Runehall Properties Limited (Registered number: 04407884)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023


8. SECURED DEBTS

The following secured debts are included within creditors:

30.4.23 30.4.22
£    £   
Mortgage 929,677 929,677

The mortgages are secured against the investment properties.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.23 30.4.22
value: £    £   
2 Ordinary £1 2 2

10. RESERVES
Revaluation
reserve
£   
At 1 May 2022 150,000
Revaluation (4,220 )

At 30 April 2023 145,780