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REGISTERED NUMBER: 00096813 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

G W RUDD LIMITED

G W RUDD LIMITED (REGISTERED NUMBER: 00096813)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


G W RUDD LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: M G P C Williams
R K Dore
A P Moore
J P Rudd



SECRETARY: R K Dore



REGISTERED OFFICE: Rudland House
Railway Street
Bishop Auckland
Co. Durham
DL14 7LR



REGISTERED NUMBER: 00096813 (England and Wales)



SOLICITORS: Hewitts
207 Newgate Street
Bishop Auckland
Co. Durham
DL14 7EL

G W RUDD LIMITED (REGISTERED NUMBER: 00096813)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 7,320 -
Investments 5 15,497 15,497
Investment property 6 470,000 338,000
492,817 353,497

CURRENT ASSETS
Debtors 7 47,312 55,457
Cash at bank 8,175 5,827
55,487 61,284
CREDITORS
Amounts falling due within one year 8 13,859 12,310
NET CURRENT ASSETS 41,628 48,974
TOTAL ASSETS LESS CURRENT
LIABILITIES

534,445

402,471

CREDITORS
Amounts falling due after more than one year 9 (1,967 ) (1,967 )

PROVISIONS FOR LIABILITIES (21,466 ) (10,714 )
NET ASSETS 511,012 389,790

G W RUDD LIMITED (REGISTERED NUMBER: 00096813)

BALANCE SHEET - continued
31 MARCH 2023

2023 2022
Notes £ £ £ £
CAPITAL AND RESERVES
Called up share capital 20,230 20,230
Capital redemption reserve 770 770
Fair value reserve 236,750 115,502
Retained earnings 253,262 253,288
SHAREHOLDERS' FUNDS 511,012 389,790

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 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 October 2023 and were signed on its behalf by:





M G P C Williams - Director


G W RUDD LIMITED (REGISTERED NUMBER: 00096813)

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


1. STATUTORY INFORMATION

G W Rudd 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.

Preparation of consolidated financial statements
The financial statements contain information about G W Rudd Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover represents rental income from the letting of freehold investment property.

Rental income is recognised in the period to which it relates. Debtors or creditors are provided at the year end to account for the relevant proportion of rent received in arrears or in advance.

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 - 20% on cost

Investments in subsidiaries and associates
Investments in subsidiary and associate undertakings are recognised at cost.

Investment property
Investment property is shown at fair value. Any aggregate surplus or deficit arising from changes in fair value is recognised in the profit or loss for the year and included in the fair value reserve on the balance sheet. Investment properties are not depreciated.

Deferred tax is provided on revaluation gains at the rate expected to apply when the property is sold.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

G W RUDD LIMITED (REGISTERED NUMBER: 00096813)

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


4. TANGIBLE FIXED ASSETS
Plant and
machinery
£
COST
Additions 7,320
At 31 March 2023 7,320
NET BOOK VALUE
At 31 March 2023 7,320

5. FIXED ASSET INVESTMENTS
Interest in
Shares in associated
group underta
undertakings kings Totals
£ £ £
COST
At 1 April 2022
and 31 March 2023 14,446 1,051 15,497
NET BOOK VALUE
At 31 March 2023 14,446 1,051 15,497
At 31 March 2022 14,446 1,051 15,497

6. INVESTMENT PROPERTY
Total
£
FAIR VALUE
At 1 April 2022 338,000
Revaluations 132,000
At 31 March 2023 470,000
NET BOOK VALUE
At 31 March 2023 470,000
At 31 March 2022 338,000

Fair value at 31 March 2023 is represented by:
£
Valuation in 2023 470,000

G W RUDD LIMITED (REGISTERED NUMBER: 00096813)

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


6. INVESTMENT PROPERTY - continued

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

2023 2022
£ £
Cost 211,784 211,784

Freehold investment property was valued on an open market value basis on 3 February 2023 by Carver Commercial Chartered Surveyors .

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade debtors 1,692 1,250
Amounts owed by group undertakings 45,575 54,207
Other debtors 45 -
47,312 55,457

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade creditors 360 80
Social security and other taxes 17 34
Other creditors 6,020 6,020
Accruals and deferred income 7,462 6,176
13,859 12,310

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£ £
Preference shares classed as a liability 1,967 1,967

G W RUDD LIMITED (REGISTERED NUMBER: 00096813)

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


10. RELATED PARTY DISCLOSURES

A number of the shareholders of the company, including the directors, have interests in the companies referred to below.

Amounts due from related parties:

London Lending Library (Durham) Limited - £44,700 (2022- £46,925)

Spoors Limited £875 (2022 - £7,282)

No interest is payable on the above balances and there are no set repayment terms.