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REGISTERED NUMBER: 00989501 (England and Wales)












ROOKESBURY ESTATES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023






ROOKESBURY ESTATES LIMITED (REGISTERED NUMBER: 00989501)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ROOKESBURY ESTATES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Mrs J Arcedeckne-Butler
Mr T G Arcedeckne-Butler
Mrs N C Longden
Mr J J Longden (Deceased)
Mrs N C Arcedeckne-Butler



REGISTERED OFFICE: Cutlers
Mill Lane
Wickham
Fareham
Hampshire
PO17 5AN



REGISTERED NUMBER: 00989501 (England and Wales)



BANKERS: Barclays Bank plc
Barclays Business Centre
59 West Street
Fareham
Hampshire
PO16 0AW

ROOKESBURY ESTATES LIMITED (REGISTERED NUMBER: 00989501)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £ £
FIXED ASSETS
Tangible assets 4 185,442 197,828
Investments 5 75,701 75,701
Investment property 6 13,324,056 13,324,056
13,585,199 13,597,585

CURRENT ASSETS
Debtors 7 61,084 349,624
Cash at bank and in hand 2,970,187 3,334,606
3,031,271 3,684,230
CREDITORS
Amounts falling due within one year 8 (459,170 ) (863,821 )
NET CURRENT ASSETS 2,572,101 2,820,409
TOTAL ASSETS LESS CURRENT
LIABILITIES

16,157,300

16,417,994

PROVISIONS FOR LIABILITIES (2,419,529 ) (2,427,026 )
NET ASSETS 13,737,771 13,990,968

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Non-distributable reserve 9,761,241 9,753,744
Capital reserve 54,824 54,824
Retained earnings 3,911,706 4,172,400
SHAREHOLDERS' FUNDS 13,737,771 13,990,968

ROOKESBURY ESTATES LIMITED (REGISTERED NUMBER: 00989501)

BALANCE SHEET - continued
31 DECEMBER 2023


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Board of Directors and authorised for issue on 20 April 2024 and were signed on its behalf by:





Mr T G Arcedeckne-Butler - Director


ROOKESBURY ESTATES LIMITED (REGISTERED NUMBER: 00989501)

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


1. STATUTORY INFORMATION

Rookesbury Estates 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standards applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies' regime.

The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention, modified to include certain financial instruments at fair value. The principal accounting policies adopted are set out below.

Turnover
Turnover represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due.

Where a contract has only been partially completed at the balance sheet date turnover represents the value of the service provided to date based on a proportion of the total expected consideration at completion. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

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.
Plant and machinery - 15% Reducing balance and 5% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset and is recognised in the income statement.

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

Other investments
Other investments are stated at fair value. The valuations were carried out by the directors as at the year end. Any surplus or deficit arising on revaluation is recognised in profit and loss.

Investment property
Investment properties are stated at fair value. The valuations were carried out by external valuers as at the year end. Any surplus or deficit arising on revaluation is recognised in profit and loss.


ROOKESBURY ESTATES LIMITED (REGISTERED NUMBER: 00989501)

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


2. ACCOUNTING POLICIES - continued
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.

Pension costs and other post-retirement benefits
The company contributes to eligible employees' personal pension plans. The company does not accept any responsibility for the benefits gained from the employees' personal pension plans.

Financial assets
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial assets are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Basic financial assets, which include trade and other receivables and cash and bank balances are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method, unless the arrangement constitutes a financial transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Financial liabilities
Basic financial liabilities, which include trade and other payables, are initially measured at transaction price and subsequently measured at amortised cost, unless the arrangement constitutes a financing transaction where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Equity instruments
Equity instruments issued by the company are recorded at the fair value of the proceeds received net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 4 ) .

ROOKESBURY ESTATES LIMITED (REGISTERED NUMBER: 00989501)

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


4. TANGIBLE FIXED ASSETS
Plant and
machinery
£
COST
At 1 January 2023 326,260
Additions 11,662
At 31 December 2023 337,922
DEPRECIATION
At 1 January 2023 128,432
Charge for year 24,048
At 31 December 2023 152,480
NET BOOK VALUE
At 31 December 2023 185,442
At 31 December 2022 197,828

5. FIXED ASSET INVESTMENTS
Shares in
group Other
undertakings investments Totals
£ £ £
COST OR VALUATION
At 1 January 2023
and 31 December 2023 1 75,700 75,701
NET BOOK VALUE
At 31 December 2023 1 75,700 75,701
At 31 December 2022 1 75,700 75,701

Cost or valuation at 31 December 2023 is represented by:

Shares in
group Other
undertakings investments Totals
£ £ £
Valuation in 2010 - 2,200 2,200
Valuation in 2018 - 35,650 35,650
Cost 1 37,850 37,851
1 75,700 75,701

ROOKESBURY ESTATES LIMITED (REGISTERED NUMBER: 00989501)

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


6. INVESTMENT PROPERTY
Total
£
FAIR VALUE
At 1 January 2023
and 31 December 2023 13,324,056
NET BOOK VALUE
At 31 December 2023 13,324,056
At 31 December 2022 13,324,056

The investment property was valued on an open market basis on 31 December 2022 by the directors.

Fair value at 31 December 2023 is represented by:
£
Valuation in 1991 582,611
Valuation in 1993 160,853
Valuation in 1998 945,262
Valuation in 2003 1,911,740
Valuation in 2006 1,220,856
Valuation in 2011 758,040
Valuation in 2018 6,563,558
Cost 1,181,136
13,324,056

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade debtors 54,321 59,950
Amounts owed by group undertakings 2,870 2,370
Other debtors 3,893 287,304
61,084 349,624

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Taxation and social security 2,532 1,505
Other creditors 456,638 862,316
459,170 863,821

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year, advances totalling £18,064 (2022: £19,451) were made to the company's directors. £19,131 (2022: £23,464) was repaid prior to the year-end. The balance outstanding at the year-end was £Nil (2022: £1,067). No interest has been charged.