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Registration number: SC656129

Ruarica Holdings Ltd

Unaudited Financial Statements

for the Period from 1 April 2022 to 31 July 2023

 

Ruarica Holdings Ltd

Contents

Statement of Financial Position

1

Notes to the Unaudited Financial Statements

2 to 4

 

Ruarica Holdings Ltd

(Registration number: SC656129)
Statement of Financial Position as at 31 July 2023

Note

2023
£

2022
£

Fixed assets

 

Intangible assets

4

6,000

8,000

Current assets

 

Cash at bank and in hand

 

6,825

11,343

Creditors: Amounts falling due within one year

5

(18,223)

(22,224)

Net current liabilities

 

(11,398)

(10,881)

Net liabilities

 

(5,398)

(2,881)

Capital and reserves

 

Called up share capital

1

1

Retained earnings

(5,399)

(2,882)

Shareholders' deficit

 

(5,398)

(2,881)

For the financial period ending 31 July 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the Company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The Director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Director has not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the director on 31 October 2023
 

.........................................
Linda Johnstone
Director

 

Ruarica Holdings Ltd

Notes to the Unaudited Financial Statements for the Period from 1 April 2022 to 31 July 2023

1

General information

The Company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
2 Green Honey Close
Inchture
Perth
PH14 9TD
Scotland

These financial statements were authorised for issue by the director on 31 October 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the Company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The Company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the Company's activities.

 

Ruarica Holdings Ltd

Notes to the Unaudited Financial Statements for the Period from 1 April 2022 to 31 July 2023

Intangible assets

Separately acquired trademarks and licences are shown at historical cost.

Trademarks, licences (including software) and customer-related intangible assets acquired in a business combination are recognised at fair value at the acquisition date.

Trademarks, licences and customer-related intangible assets have a finite useful life and are carried at cost less accumulated amortisation and any accumulated impairment losses.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Financial instruments

Classification
Financial instruments are classified and accounted for, according to the substance of the contractual agreement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
 

3

Staff numbers

The average number of persons employed by the Company (including the Director) during the period, was 1 (2022 - 1).

 

Ruarica Holdings Ltd

Notes to the Unaudited Financial Statements for the Period from 1 April 2022 to 31 July 2023

4

Intangible assets

Trademarks, patents and licenses
 £

Total
£

Cost or valuation

At 1 April 2022

10,000

10,000

At 31 July 2023

10,000

10,000

Amortisation

At 1 April 2022

2,000

2,000

Amortisation charge

2,000

2,000

At 31 July 2023

4,000

4,000

Carrying amount

At 31 July 2023

6,000

6,000

At 31 March 2022

8,000

8,000

5

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

-

130

Accruals and deferred income

1,020

1,200

Other creditors

17,203

20,894

18,223

22,224