Registered number
14637298
Rumy Investment Property Limited
Filleted Accounts
29 February 2024
Rumy Investment Property Limited
Company Information
Directors
A C Gibbons
L J Gibbons
Accountants
Anderson Griffin
Rotunda Buildings
Montpellier Exchange
Cheltenham
Glos
Registered office
Shuthonger Service Station
Tewkesbury
Gloucestershire
GL20 6EH
Registered number
14637298
Rumy Investment Property Limited
Registered number: 14637298
Balance Sheet
as at 29 February 2024
Notes 2024
£
Fixed assets
Tangible assets 3 628,375
Current assets
Debtors 4 2,230
Cash at bank and in hand 10,374
12,604
Creditors: amounts falling due within one year 5 (4,089)
Net current assets 8,515
Total assets less current liabilities 636,890
Creditors: amounts falling due after more than one year 6 (644,773)
Net liabilities (7,883)
Capital and reserves
Called up share capital 100
Profit and loss account (7,983)
Shareholders' funds (7,883)
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.
L J Gibbons
Director
Approved by the board on 31 March 2024
Rumy Investment Property Limited
Notes to the Accounts
for the period from 3 February 2023 to 29 February 2024
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 is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Freehold buildings nil
Computer equipment over 4 years
Plant and machinery over 4 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
2 Employees 2024
Number
Average number of persons employed by the company 2
3 Tangible fixed assets
Land and buildings Computer equipment Plant and machinery Total
£ £ £ £
Cost
Additions 625,000 1,499 3,000 629,499
At 29 February 2024 625,000 1,499 3,000 629,499
Depreciation
Charge for the period - 374 750 1,124
At 29 February 2024 - 374 750 1,124
Net book value
At 29 February 2024 625,000 1,125 2,250 628,375
4 Debtors 2024
£
Other debtors 2,230
5 Creditors: amounts falling due within one year 2024
£
Other creditors 4,089
6 Creditors: amounts falling due after one year 2024
£
Directors loan 74,773
Bank loans 570,000
644,773
7 Controlling party
The company is controlled by the directors.
8 Other information
Rumy Investment Property Limited is a private company limited by shares and incorporated in England. Its registered office is:
Shuthonger Service Station
Tewkesbury
Gloucestershire
GL20 6EH
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