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REGISTERED NUMBER: 10078209 (England and Wales)















Running Cow Ltd

Unaudited Financial Statements for the Year Ended 31 July 2023






Running Cow Ltd (Registered number: 10078209)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Running Cow Ltd

Company Information
for the Year Ended 31 July 2023







DIRECTOR: Mr D Evans





REGISTERED OFFICE: Unit 2a Penn Street
Wolverhampton
WV3 0JJ





REGISTERED NUMBER: 10078209 (England and Wales)





ACCOUNTANTS: Portfolio Accountants Ltd
9 Shottery Brook Office Park
Timothys Bridge Road
Stratford-Upon-Avon
CV37 9NR

Running Cow Ltd (Registered number: 10078209)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Investments 4 104 106

CURRENT ASSETS
Debtors 5 998,632 993,087
Cash at bank and in hand 72,101 13,264
1,070,733 1,006,351
CREDITORS
Amounts falling due within one year 6 54,910 98,633
NET CURRENT ASSETS 1,015,823 907,718
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,015,927

907,824

CREDITORS
Amounts falling due after more than
one year

7

38,135

43,561
NET ASSETS 977,792 864,263

CAPITAL AND RESERVES
Called up share capital 8 4 4
Retained earnings 977,788 864,259
SHAREHOLDERS' FUNDS 977,792 864,263

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

Running Cow Ltd (Registered number: 10078209)

Balance Sheet - continued
31 July 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 18 April 2024 and were signed by:





Mr D Evans - Director


Running Cow Ltd (Registered number: 10078209)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

Running Cow 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.

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


All monetary amounts are rounded to the nearest pound.

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.

Going concern
The financial statements have been prepared on a going concern basis.

Preparation of consolidated financial statements
The financial statements contain information about Running Cow 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.

Judgements and estimates
In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.


Running Cow Ltd (Registered number: 10078209)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

2. ACCOUNTING POLICIES - continued
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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 August 2022 106
Disposals (2 )
At 31 July 2023 104
NET BOOK VALUE
At 31 July 2023 104
At 31 July 2022 106

Running Cow Ltd (Registered number: 10078209)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

4. FIXED ASSET INVESTMENTS - continued

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:




Name of Undertaking



Registered Office
Class
of
Share
held

Proportion of voting
rights and shares
held
Subsidiary Undertakings 2023 2022
Capital SFLU Group
Limited
Unit 2a Penn Street,
Wolverhampton, WV3 0JJ

Ordinary

100%

100%

27 Holdings Ltd
Unit 2a Penn Street,
Wolverhampton, WV3 0JJ

Ordinary

100%

100%
Evans Mann Properties
Ltd
Unit 2a Penn Street,
Wolverhampton, WV3 0JJ

Ordinary

50%

50%
Lea Manor Homes
Limited
Unit 2a Penn Street,
Wolverhampton, WV3 0JJ

Ordinary

50%

50%
Eco-Heat Smart
Solutions Limited
Unit 2a Penn Street,
Wolverhampton, WV3 0JJ

Ordinary

33%

33%
Evans Mann Properties
Limited
Unit 2a Penn Street,
Wolverhampton, WV3 0JJ

Ordinary

50%

50%
Evans Mann
Commercial Limited
Unit 2a Penn Street,
Wolverhampton, WV3 0JJ

Ordinary

50%

50%
EMP Summerfield
House Limited
Unit 2a Penn Street,
Wolverhampton, WV3 0JJ

Ordinary

50%

50%

All undertakings are held directly by Running Cow Ltd, with the exception of Evans Mann Commercial Limited and EMP Summerfield House Limited which are wholly owned subsidiaries of Evans Mann Properties Limited.

All companies are incorporated in England and Wales and share the same registered office as Running Cow Ltd.

The principal activity of Capital SFLU Group Limited is shopfitting, logistics and utilities.
The principal activity of 27 Holdings Ltd is that of holding company.
The principal activity of Evans Mann Properties Ltd is property developments.
The principal activity of Lea Manor Homes Limited is property developments.
The principal activity of Eco-Heat Smart Solutions Limited is plumbing, heat and air-conditioning installation.
The principal activity of Evans Mann Properties Limited is other letting and operating of own or leased real estate.
The principal activity of Evans Mann Commercial Limited is the buying and selling of own real estate.
The principal activities of EMP Summerfield House Limited is the development of building projects and construction of domestic buildings.

Running Cow Ltd (Registered number: 10078209)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Amounts owed by group undertakings 625,657 790,830
Amounts owed by participating interests 372,975 202,257
998,632 993,087

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans and overdrafts 6,618 6,618
Amounts owed to group undertakings - 100
Amounts owed to participating interests 2 2
Taxation and social security 246 3
Other creditors 48,044 91,910
54,910 98,633

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans 38,135 43,561

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instalments 15,502 23,707

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.23 31.7.22
value: £    £   
4 Ordinary 1 4 4

9. RELATED PARTY DISCLOSURES

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.

Running Cow Ltd (Registered number: 10078209)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

9. RELATED PARTY DISCLOSURES - continued

Loans to related parties



Entities with
joint control or
significant
influence
2023 £
At start of period 166,999
Advanced 535,258
Repaid (428,882)
At end of period 273,375





Entities with
joint control or
significant
influence
2022 £
At start of period 207,599
Advanced -
Repaid (40,600)
At end of period 166,999

Terms of loans to related parties

These amounts have been advanced on an interest free basis, there are no fixed repayment terms for the loan facility provided.





Loans from related parties



Entities with
joint control or
significant
influence
2023 £
At start of period -
Advanced 2
Repaid -
At end of period 2



Running Cow Ltd (Registered number: 10078209)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

9. RELATED PARTY DISCLOSURES - continued



Entities with
joint control or
significant
influence
2022 £
At start of period -
Advanced -
Repaid -
At end of period -

Terms of loans from related parties

These amounts have been advanced on an interest free basis, there are no fixed repayment terms for the loan facility provided.

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr D Evans.