Caseware UK (AP4) 2023.0.135 2023.0.135 No description of principal activityfalsetrue02022-07-01false0The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 05011245 2022-07-01 2023-06-30 05011245 2021-07-01 2022-06-30 05011245 2023-06-30 05011245 2022-06-30 05011245 c:Director4 2022-07-01 2023-06-30 05011245 d:FreeholdInvestmentProperty 2023-06-30 05011245 d:FreeholdInvestmentProperty 2022-06-30 05011245 d:FreeholdInvestmentProperty 3 2022-07-01 2023-06-30 05011245 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 05011245 d:CurrentFinancialInstruments d:WithinOneYear 2022-06-30 05011245 d:ShareCapital 2023-06-30 05011245 d:ShareCapital 2022-06-30 05011245 d:RetainedEarningsAccumulatedLosses 2023-06-30 05011245 d:RetainedEarningsAccumulatedLosses 2022-06-30 05011245 c:OrdinaryShareClass1 2022-07-01 2023-06-30 05011245 c:OrdinaryShareClass1 2023-06-30 05011245 c:OrdinaryShareClass1 2022-06-30 05011245 c:FRS102 2022-07-01 2023-06-30 05011245 c:AuditExempt-NoAccountantsReport 2022-07-01 2023-06-30 05011245 c:FullAccounts 2022-07-01 2023-06-30 05011245 c:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 05011245










PRESSCREDIT (RUDLOE) LIMITED








Unaudited

Financial statements

Information for filing with the registrar

For the Year Ended 30 June 2023


 
PRESSCREDIT (RUDLOE) LIMITED
Registered number:05011245


Statement of financial position
As at 30 June 2023

2023
2022
Note
£
£

Fixed assets
  

Investment property
 4 
3,486,822
3,472,000

  
3,486,822
3,472,000

Current assets
  

Debtors
  
49,226
25,811

  
49,226
25,811

Creditors: amounts falling due within one year
  
(3,638,409)
(3,549,109)

Net current liabilities
  
 
 
(3,589,183)
 
 
(3,523,298)

Total assets less current liabilities
  
(102,361)
(51,298)

  

Net liabilities
  
(102,361)
(51,298)


Capital and reserves
  

Called up share capital 
 5 
100
100

Profit and loss account
  
(102,461)
(51,398)

  
(102,361)
(51,298)


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the income statement in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 20 March 2024.




J M Miller
Director
Page 1


 
PRESSCREDIT (RUDLOE) LIMITED
Registered number:05011245

    
Statement of financial position (continued)
As at 30 June 2023


The notes on pages 3 to 4 form part of these financial statements.

Page 2


 
PRESSCREDIT (RUDLOE) LIMITED
 

 
Notes to the financial statements
For the Year Ended 30 June 2023

1.


General information

Presscredit (Rudloe) Limited is a company incorporated in England and Wales under the Companies Act.  The address of the registered office is given on the Company Information page.  The principal activity of the company is property investment.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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 income.

 
2.3

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.


3.


Employees

The Company has no employees other than the directors, who did not receive any remuneration (2022 - £NIL).

The average monthly number of employees, including directors, during the year was 0 (2022 - 0).

Page 3


 
PRESSCREDIT (RUDLOE) LIMITED
 

 
Notes to the financial statements
For the Year Ended 30 June 2023

4.


Investment property


Freehold investment property

£



Valuation


At 1 July 2022
3,472,000


Transfers between classes
14,822



At 30 June 2023
3,486,822

The 2023 valuations were made by the directors, on an open market value for existing use basis.







5.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



100 (2022 - 100) Ordinary shares shares of £1.00 each
100
100



6.


Related party transactions

The company has taken advantage of paragraph 33.1A of FRS102 and has not disclosed any transactions that have taken place within other group entities.


7.


Parent Undertaking and Controlling party

The company's ultimate parent company is The Tannen Group Limited, Sutherland House, 70-78 West Hendon Broadway, London, NW9 7BT, which is registered in England and Wales and controlled by the Tannen family.

Page 4