Rawding & Son Limited 12420041 false 2022-07-01 2023-06-30 2023-06-30 The principal activity of the company is Renting of own or leased real estate Digita Accounts Production Advanced 6.30.9574.0 true true 12420041 2022-07-01 2023-06-30 12420041 2023-06-30 12420041 bus:OrdinaryShareClass1 2023-06-30 12420041 core:CurrentFinancialInstruments 2023-06-30 12420041 core:CurrentFinancialInstruments core:WithinOneYear 2023-06-30 12420041 core:Non-currentFinancialInstruments 2023-06-30 12420041 core:Non-currentFinancialInstruments core:AfterOneYear 2023-06-30 12420041 core:LandBuildings core:OwnedOrFreeholdAssets 2023-06-30 12420041 bus:SmallEntities 2022-07-01 2023-06-30 12420041 bus:AuditExemptWithAccountantsReport 2022-07-01 2023-06-30 12420041 bus:FullAccounts 2022-07-01 2023-06-30 12420041 bus:SmallCompaniesRegimeForAccounts 2022-07-01 2023-06-30 12420041 bus:RegisteredOffice 2022-07-01 2023-06-30 12420041 bus:Director1 2022-07-01 2023-06-30 12420041 bus:Director2 2022-07-01 2023-06-30 12420041 bus:OrdinaryShareClass1 2022-07-01 2023-06-30 12420041 bus:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 12420041 core:LandBuildings core:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 12420041 countries:EnglandWales 2022-07-01 2023-06-30 12420041 2022-06-30 12420041 core:LandBuildings core:OwnedOrFreeholdAssets 2022-06-30 12420041 2021-07-01 2022-06-30 12420041 2022-06-30 12420041 bus:OrdinaryShareClass1 2022-06-30 12420041 core:CurrentFinancialInstruments 2022-06-30 12420041 core:CurrentFinancialInstruments core:WithinOneYear 2022-06-30 12420041 core:Non-currentFinancialInstruments 2022-06-30 12420041 core:Non-currentFinancialInstruments core:AfterOneYear 2022-06-30 12420041 core:LandBuildings core:OwnedOrFreeholdAssets 2022-06-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 12420041

Rawding & Son Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 June 2023

 

Rawding & Son Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

Rawding & Son Limited

Company Information

Directors

Mr S C L Rawding

C K Rawding

Registered office

62 Mill Road
Lincoln
Lincolnshire
LN1 3JH

Accountants

King Street Accounts
35A King Street
Whalley
Clitheroe
Lancs
BB7 9SP

 

Rawding & Son Limited

(Registration number: 12420041)
Balance Sheet as at 30 June 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

378,809

184,645

Current assets

 

Debtors

5

-

600

Cash at bank and in hand

 

5,075

32,822

 

5,075

33,422

Creditors: Amounts falling due within one year

6

(1,602)

(1,710)

Net current assets

 

3,473

31,712

Total assets less current liabilities

 

382,282

216,357

Creditors: Amounts falling due after more than one year

6

(375,729)

(214,419)

Net assets

 

6,553

1,938

Capital and reserves

 

Called up share capital

7

100

100

Retained earnings

6,453

1,838

Shareholders' funds

 

6,553

1,938

For the financial year ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

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

The directors acknowledge 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 directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 19 March 2024 and signed on its behalf by:
 

 

Rawding & Son Limited

(Registration number: 12420041)
Balance Sheet as at 30 June 2023

.........................................
C K Rawding
Director

 

Rawding & Son Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
62 Mill Road
Lincoln
Lincolnshire
LN1 3JH
England

These financial statements were authorised for issue by the Board on 19 March 2024.

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.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Rawding & Son Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Rawding & Son Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 2).

4

Tangible assets

Land and buildings
£

Total
£

Cost or valuation

At 1 July 2022

184,645

184,645

Additions

194,164

194,164

At 30 June 2023

378,809

378,809

Depreciation

Carrying amount

At 30 June 2023

378,809

378,809

At 30 June 2022

184,645

184,645

Included within the net book value of land and buildings above is £378,809 (2022 - £184,645) in respect of freehold land and buildings.
 

5

Debtors

Current

2023
£

2022
£

Other debtors

-

600

 

Rawding & Son Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Taxation and social security

1,102

1,110

Other creditors

500

600

1,602

1,710

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

8

375,729

214,419

7

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary Shares of £1 each

100

100

100

100

         

8

Loans and borrowings

2023
£

2022
£

Non-current loans and borrowings

Bank borrowings

276,485

137,735

Other borrowings

99,244

76,684

375,729

214,419

 

Rawding & Son Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

9

Dividends

Final dividends paid

   

2023
£

 

2022
£

Final dividend of Nil (2022 - 40.00) per each Ordinary £1 Shares

 

-

 

4,000

         

10

Related party transactions

The amount owed to the Director -C Rawding at the year end amounted to £99,244. (2022 £76,684 owed ) .