RES NON VERBA LTD

Company Registration Number:
14179111 (England and Wales)

Unaudited statutory accounts for the year ended 30 June 2023

Period of accounts

Start date: 17 June 2022

End date: 30 June 2023

RES NON VERBA LTD

Contents of the Financial Statements

for the Period Ended 30 June 2023

Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 11

RES NON VERBA LTD

Company Information

for the Period Ended 30 June 2023




Director: M C Skillman
E T Kwint
OMGC Skillman
Secretary: S L Temple
Registered office: Mallards House
Stall House Lane
North Heath
Pulborough
England
RH20 2HR
Company Registration Number: 14179111 (England and Wales)

RES NON VERBA LTD

Directors' Report Period Ended 30 June 2023

The directors present their report with the financial statements of the company for the period ended 30 June 2023

Principal Activities

The principal activity of the company is the investment and operation of a pub and restaurant.

Directors

The director(s) shown below were appointed to the company during the period
M C Skillman
17 June 2022
E T Kwint
17 June 2022
OMGC Skillman
17 June 2022

Secretary
S L Temple

This report was approved by the board of directors on 11 March 2024
And Signed On Behalf Of The Board By:

Name: M C Skillman
Status: Director

RES NON VERBA LTD

Profit and Loss Account

for the Period Ended 30 June 2023


Notes

2023
£
Administrative Expenses ( 58,080 )
Other operating income 11,977
Operating Profit or (Loss) ( 46,103 )
Profit or (Loss) Before Tax ( 46,103 )
Profit or (Loss) for Period ( 46,103 )

The notes form part of these financial statements

RES NON VERBA LTD

Balance sheet

As at 30 June 2023


Notes

2023
£
Fixed assets
Tangible assets: 4 1,718,393
Total fixed assets: 1,718,393
Current assets
Debtors: 5 10,631
Cash at bank and in hand: 334,296
Total current assets: 344,927
Creditors: amounts falling due within one year: 6 ( 2,109,420 )
Net current assets (liabilities): ( 1,764,493 )
Total assets less current liabilities: ( 46,100 )
Total net assets (liabilities): ( 46,100 )

The notes form part of these financial statements

RES NON VERBA LTD

Balance sheet continued

As at 30 June 2023


Notes

2023
£
Capital and reserves
Called up share capital: 3
Profit and loss account: ( 46,103 )
Shareholders funds: ( 46,100 )

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

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 11 March 2024
And Signed On Behalf Of The Board By:

Name: M C Skillman
Status: Director

The notes form part of these financial statements

RES NON VERBA LTD

Notes to the Financial Statements

for the Period Ended 30 June 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

RES NON VERBA LTD

Notes to the Financial Statements

for the Period Ended 30 June 2023

  • 2. Employees


    2023
    Average number of employees during the period 1

    The average number of people employed by the company during the year, including executive directors, were 1.

    No remuneration was paid to directors during the year.

RES NON VERBA LTD

Notes to the Financial Statements

for the Period Ended 30 June 2023

  • 3. Off balance sheet disclosure

    No

RES NON VERBA LTD

Notes to the Financial Statements

for the Period Ended 30 June 2023

4. Tangible assets

Land & buildings Total
Cost £ £
Additions 1,718,393 1,718,393
Disposals - -
Revaluations - -
Transfers - -
At 30 June 2023 1,718,393 1,718,393
Depreciation
Charge for year - -
On disposals - -
Other adjustments - -
At 30 June 2023 - -
Net book value
At 30 June 2023 1,718,393 1,718,393

The property under development consists of a Grade II listed hotel located in West Sussex and is undergoing significant redevelopment. Depreciation will commence once the asset is ready for use upon completion of the development works.

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historic cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

At each reporting date, the company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount. The company adds to the carrying amount of an item of fixed assets the cost of replacing part of such an item when the cost is incurred, if the replacement part is expected to provide incremental future benefits to the company. The carrying amount of the replaced part is derecognised. Repairs and maintenance are charged to profit or loss during the period in which they are incurred. Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.

RES NON VERBA LTD

Notes to the Financial Statements

for the Period Ended 30 June 2023

5. Debtors


2023
£
Other debtors 10,631
Total 10,631

Other taxes refundable

RES NON VERBA LTD

Notes to the Financial Statements

for the Period Ended 30 June 2023

6.Creditors: amounts falling due within one year note


2023
£
Trade creditors 28,705
Other creditors 2,080,715
Total 2,109,420

All amounts shown under creditors fall due for payment within one year. The amount due to the shareholder is interest free and repayable on demand.