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REGISTERED NUMBER: 04256079 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

RUPERT SANDERSON SHOES LIMITED

RUPERT SANDERSON SHOES LIMITED (REGISTERED NUMBER: 04256079)






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


RUPERT SANDERSON SHOES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTOR: R J Sanderson





REGISTERED OFFICE: 19 Bruton Place
LONDON
W1J 6LZ





REGISTERED NUMBER: 04256079 (England and Wales)





ACCOUNTANTS: McCabe Ford Williams
Chartered Accountants
Charlton House
Dour Street
DOVER
Kent
CT16 1BL

RUPERT SANDERSON SHOES LIMITED (REGISTERED NUMBER: 04256079)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 27,134 35,989
Tangible assets 5 65,442 29,423
92,576 65,412

CURRENT ASSETS
Stocks 6 219,265 254,906
Debtors 7 437,253 427,541
Cash at bank and in hand 130,078 93,276
786,596 775,723
CREDITORS
Amounts falling due within one year 8 545,857 480,606
NET CURRENT ASSETS 240,739 295,117
TOTAL ASSETS LESS CURRENT
LIABILITIES

333,315

360,529

CREDITORS
Amounts falling due after more than one
year

9

(186,207

)

(235,833

)

PROVISIONS FOR LIABILITIES (4,842 ) -
NET ASSETS 142,266 124,696

CAPITAL AND RESERVES
Called up share capital 12 23,000 23,000
Retained earnings 119,266 101,696
SHAREHOLDERS' FUNDS 142,266 124,696

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 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.

RUPERT SANDERSON SHOES LIMITED (REGISTERED NUMBER: 04256079)

BALANCE SHEET - continued
31 MARCH 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 December 2023 and were signed by:





R J Sanderson - Director


RUPERT SANDERSON SHOES LIMITED (REGISTERED NUMBER: 04256079)

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

1. STATUTORY INFORMATION

Rupert Sanderson Shoes 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Short leasehold- Over the period of the lease
Plant and machinery- 15 - 50% on cost
Motor vehicles- 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost includes an appropriate proportion of carriage costs.

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

Research and development
Research expenditure is written off to the profit and loss account in the period in which it is incurred. Development expenditure is written off in the same way unless the director is satisfied as to the technical, commercial and financial viability of individual projects. In this situation, the expenditure is deferred and amortised over the period during which the company is expected to benefit, which is 10 years.

RUPERT SANDERSON SHOES LIMITED (REGISTERED NUMBER: 04256079)

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

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Investments
Investments are recognised at cost less any provision for impairment.

Foreign currency translation
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to the profit and loss account.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2022 - 11 ) .

4. INTANGIBLE FIXED ASSETS
Development
costs
£   
COST
At 1 April 2022
and 31 March 2023 88,541
AMORTISATION
At 1 April 2022 52,552
Amortisation for year 8,855
At 31 March 2023 61,407
NET BOOK VALUE
At 31 March 2023 27,134
At 31 March 2022 35,989

RUPERT SANDERSON SHOES LIMITED (REGISTERED NUMBER: 04256079)

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

5. TANGIBLE FIXED ASSETS
Short Plant and Motor
leasehold machinery vehicles Totals
£    £    £    £   
COST
At 1 April 2022 49,627 69,531 - 119,158
Additions 2,306 19,293 31,195 52,794
At 31 March 2023 51,933 88,824 31,195 171,952
DEPRECIATION
At 1 April 2022 45,635 44,100 - 89,735
Charge for year 4,145 10,680 1,950 16,775
At 31 March 2023 49,780 54,780 1,950 106,510
NET BOOK VALUE
At 31 March 2023 2,153 34,044 29,245 65,442
At 31 March 2022 3,992 25,431 - 29,423

6. STOCKS
2023 2022
£    £   
Stocks 219,265 254,906

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 382,364 328,760
Other debtors and prepayments 54,889 98,781
437,253 427,541

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 70,000 68,333
Hire purchase contracts (see note 10) 7,409 -
Trade creditors 238,781 308,577
Amounts owed to group undertakings 49,231 34,204
Social security and other taxes 26,092 12,240
Other creditors 154,344 57,252
545,857 480,606

RUPERT SANDERSON SHOES LIMITED (REGISTERED NUMBER: 04256079)

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

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans due 1 to 2 years 70,000 70,000
Bank loans due 2 to 5 years 95,833 164,167
Bank loans due after 5 years - 1,666
Hire purchase contracts (see note 10) 20,374 -
186,207 235,833

Amounts falling due in more than five years:

Repayable by instalments
Bank loans due after 5 years - 1,666

10. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2023 2022
£    £   
Net obligations repayable:
Within one year 7,409 -
Between one and five years 20,374 -
27,783 -

Non-cancellable operating leases
2023 2022
£    £   
Within one year 122,250 122,250
Between one and five years 489,000 489,000
In more than five years 489,000 611,250
1,100,250 1,222,500

11. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 27,783 -

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
23,000 Ordinary £1 23,000 23,000

RUPERT SANDERSON SHOES LIMITED (REGISTERED NUMBER: 04256079)

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

13. ULTIMATE PARENT COMPANY

The company is a 90% owned subsidiary of Laszlo Holdings Limited, whose registered office is 19 Bruton Place, London W1J 6LZ, and the director regards this company as the ultimate parent company.

14. GOVERNMENT GRANTS

In 2022 the company took out a bank loan of £100,000 through the Coronavirus Business Interruption Loan Scheme. Interest charged on this loan of £212 (2022-£2,338) has been covered by government grants.

During the previous year the company received £50,271 from the Coronavirus Job Retention Scheme, a revenue based grant, which was credited to the profit and loss account to match the related employment costs.