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REGISTERED NUMBER: 00582264 (England and Wales)











PARK RUTLAND INVESTMENTS (LONDON) LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2023






PARK RUTLAND INVESTMENTS (LONDON) LTD (REGISTERED NUMBER: 00582264)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 April 2023




Page

Company information 1

Balance sheet 2

Notes to the financial statements 3


PARK RUTLAND INVESTMENTS (LONDON) LTD

COMPANY INFORMATION
for the year ended 30 April 2023







DIRECTORS: S Taylor
J D Gregory
Ms H R Gough



REGISTERED OFFICE: Kingfisher House
21-23 Elmfield Road
Bromley
Kent
BR1 1LT



REGISTERED NUMBER: 00582264 (England and Wales)



SENIOR STATUTORY AUDITOR: Ricky Hutson BSc FCCA ACA



AUDITORS: Berringers LLP
Lygon House
50 London Road
Bromley
Kent
BR1 3RA

PARK RUTLAND INVESTMENTS (LONDON) LTD (REGISTERED NUMBER: 00582264)

BALANCE SHEET
30 April 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 4 1,530,000 1,530,000
Investment property 5 16,067,252 15,627,852
17,597,252 17,157,852

CURRENT ASSETS
Debtors 6 375,540 198,626
Cash at bank 1,164,482 1,490,018
1,540,022 1,688,644
CREDITORS
Amounts falling due within one year 7 1,109,252 1,016,082
NET CURRENT ASSETS 430,770 672,562
TOTAL ASSETS LESS CURRENT
LIABILITIES

18,028,022

17,830,414

PROVISIONS FOR LIABILITIES 8 679,513 679,513
NET ASSETS 17,348,509 17,150,901

CAPITAL AND RESERVES
Called up share capital 6,000 6,000
Capital reserve 9 1,386,882 1,386,882
Reserve for repairs and maintenance 9 41,200 41,200
Retained earnings 9 15,914,427 15,716,819
SHAREHOLDERS' FUNDS 17,348,509 17,150,901

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 Board of Directors and authorised for issue on 2 November 2023 and were signed on its behalf by:





J D Gregory - Director


PARK RUTLAND INVESTMENTS (LONDON) LTD (REGISTERED NUMBER: 00582264)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 April 2023

1. STATUTORY INFORMATION

Park Rutland Investments (London) Ltd 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 Park Rutland Investments (London) Ltd 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover represents rental income receivable excluding VAT where applicable.

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.

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 1 (2022 - 3 ) .

PARK RUTLAND INVESTMENTS (LONDON) LTD (REGISTERED NUMBER: 00582264)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 April 2023

4. FIXED ASSET INVESTMENTS
Unlisted
investments
£   
COST OR VALUATION
At 1 May 2022
and 30 April 2023 1,530,000
NET BOOK VALUE
At 30 April 2023 1,530,000
At 30 April 2022 1,530,000

Cost or valuation at 30 April 2023 is represented by:

Unlisted
investments
£   
Cost 1,530,000

The unlisted investment relates to 100% of the share capital in S Steventon & Co Limited acquired on 22 February 2019.

5. INVESTMENT PROPERTY
Total
£   
COST OR VALUATION
At 1 May 2022 15,627,852
Additions 439,400
At 30 April 2023 16,067,252
NET BOOK VALUE
At 30 April 2023 16,067,252
At 30 April 2022 15,627,852

Cost or valuation at 30 April 2023 is represented by:
£   
Valuation in 2014 5,273,171
Valuation in 2017 2,784,703
Valuation in 2019 140,849
Valuation in 2022 625,455
Cost 7,243,074
16,067,252

The directors have reviewed the property valuations at the balance sheet date and are of the opinion that the fair values of the investment properties are not that materially different to the carrying amounts.

PARK RUTLAND INVESTMENTS (LONDON) LTD (REGISTERED NUMBER: 00582264)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 April 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 168,053 91,185
Other debtors 207,487 107,441
375,540 198,626

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts - 20,545
Trade creditors 49,112 7,323
Amounts owed to group undertakings 541,134 467,005
Taxation and social security 186,860 178,236
Other creditors 332,146 342,973
1,109,252 1,016,082

8. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred taxation 679,513 679,513

Deferred
tax
£   
Balance at 1 May 2022 679,513
Balance at 30 April 2023 679,513

PARK RUTLAND INVESTMENTS (LONDON) LTD (REGISTERED NUMBER: 00582264)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 April 2023

9. RESERVES
Reserve
for
repairs
Retained Capital and
earnings reserve maintenance Totals
£    £    £    £   

At 1 May 2022 15,716,819 1,386,882 41,200 17,144,901
Profit for the year 701,539 701,539
Dividends (503,931 ) (503,931 )
At 30 April 2023 15,914,427 1,386,882 41,200 17,342,509

Retained earnings


Distributable

Non-
Distributable


Total
£££
Balance at 1 May 20227,572,1558,144,66415,716,819
Profit/(loss) for the year701,539-701,539
Dividends(503,931)-(503,931)
Balance at 30 April 20237,769,7638,144,66415,914,427

10. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the auditors was unqualified.

Ricky Hutson BSc FCCA ACA (Senior Statutory Auditor)
for and on behalf of Berringers LLP