Registered number
02511183
Rushcliffe Securities Limited
Unaudited Filleted Accounts
30 June 2023
Rushcliffe Securities Limited
Registered number: 02511183
Balance Sheet
as at 30 June 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 1,431,055 1,537,073
Current assets
Debtors 4 2,812 -
Cash at bank and in hand 131,417 64,145
134,229 64,145
Creditors: amounts falling due within one year 5 (171,745) (293,473)
Net current liabilities (37,516) (229,328)
Total assets less current liabilities 1,393,539 1,307,745
Provision for deferred taxation (160,000) (120,000)
Net assets 1,233,539 1,187,745
Capital and reserves
Called up share capital 100 100
Profit and loss account 1,233,439 1,187,645
Shareholders' funds 1,233,539 1,187,745
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
C M Trigg
Director
Approved by the board on 15 November 2023
Rushcliffe Securities Limited
Notes to the Accounts
for the year ended 30 June 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover comprises rental income and other sums receivable from occupiers of investment properties (including insurance charges, service charges and other recoverable costs) and is exclusive of VAT.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% reducing balance
Investment properties
The company's investment properties are revalued annually and the aggregate surplus or deficit is charged in the profit and loss account.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Deferred tax is recognised in respect of all timing differences (including those on revalued assets) between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Investment properties Plant and machinery etc Total
£ £ £
Cost
At 1 July 2022 1,537,000 1,105 1,538,105
Disposals (106,000) - (106,000)
At 30 June 2023 1,431,000 1,105 1,432,105
Depreciation
At 1 July 2022 - 1,032 1,032
Charge for the year - 18 18
At 30 June 2023 - 1,050 1,050
Net book value
At 30 June 2023 1,431,000 55 1,431,055
At 30 June 2022 1,537,000 73 1,537,073
2023 2022
£ £
Historical cost of the investment properties 476,349 537,477
Cumulative depreciation based on historical cost - -
476,349 537,477
The investment properties are valued at market value on 30 June 2023 in accordance with the accounting policy in respect of investment properties set out in note 1 above. The valuation, which was carried out for accounts purposes, was performed by the directors, Mr P A Dale and Mr C M Trigg.
4 Debtors 2023 2022
£ £
Other debtors 2,812 -
5 Creditors: amounts falling due within one year 2023 2022
£ £
Corporation tax 40,013 15,796
Other taxes and social security costs - 589
Other creditors 131,732 277,088
171,745 293,473
6 Related party transactions
The amount owing by the company on loan account to Mr P A Dale, company director, at 30 June 2023 is £39,349 (2022: £117,431). Interest is not chargeable on this account and there is no fixed date for repayment.

The amount owing by the company on loan account to Mr C M Trigg, company director, at 30 June 2022 is £45,139 (2022: £123,119). Interest is not chargeable on this account and there is no fixed date for repayment.
7 Controlling party
The company is controlled by its two shareholders, Mr P A Dale and Mr C M Trigg.
8 Other information
Rushcliffe Securities Limited is a private company limited by shares and incorporated in England. Its registered office is:
Rushcliffe House
10-12 Ridge lane
Radcliffe-on-Trent
Nottingham
NG12 1BD
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