Company registration number NI020189 (Northern Ireland)
RUBANE INVESTMENTS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023
PAGES FOR FILING WITH REGISTRAR
RUBANE INVESTMENTS LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
RUBANE INVESTMENTS LIMITED
BALANCE SHEET
AS AT
30 SEPTEMBER 2023
30 September 2023
- 1 -
2023
2022
Notes
£
£
£
£
Current assets
Debtors
3
2,071,732
2,071,732
Net current assets
2,071,732
2,071,732
Capital and reserves
Called up share capital
4
255,002
255,002
Profit and loss reserves
1,816,730
1,816,730
Total equity
2,071,732
2,071,732

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 September 2023 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved and signed by the director and authorised for issue on 29 February 2024
Mr P Wilson
Director
Company registration number NI020189 (Northern Ireland)
RUBANE INVESTMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023
- 2 -
1
Accounting policies
Company information

Rubane Investments Limited is a private company limited by shares incorporated in Northern Ireland. The registered office is Golflinks Hotel, 140 Dunluce Road, Portrush, Co Antrim, BT56 8JQ.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard 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 £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

The financial statements of the company are consolidated in the financial statements of Cloughorr Investments Limited. These consolidated financial statements are available from the registered office.

1.2
Profit and loss account

The company has not traded during the year or the preceding financial period. During this time, the company received no income and incurred no expenditure and therefore no Profit and loss account is presented in these financial statements.

1.3
Financial instruments

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 instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors 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 financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

1.4
Equity instruments

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

1.5
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

RUBANE INVESTMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2023
- 3 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
-
0
-
0
3
Debtors
2023
2022
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
2,071,732
2,071,732
4
Called up share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
255,002
255,002
255,002
255,002
5
Contingencies

The company has given an unlimited guarantee in respect of the bank borrowings of Cloughorr Investments Limited, the parent company.

6
Related party transactions

The director has taken advantage of the exemption from disclosing related party transactions with other wholly owned group companies, in accordance with FRS 102.

2023-09-302022-10-01true29 February 2024CCH SoftwareCCH Accounts Production 2023.200No description of principal activityMr P WilsonNI0201892022-10-012023-09-30NI0201892023-09-30NI0201892022-09-30NI020189core:ShareCapital2023-09-30NI020189core:ShareCapital2022-09-30NI020189core:RetainedEarningsAccumulatedLosses2023-09-30NI020189core:RetainedEarningsAccumulatedLosses2022-09-30NI020189bus:Director12022-10-012023-09-30NI0201892021-10-012022-09-30NI020189core:CurrentFinancialInstruments2022-09-30NI020189bus:EntityHasNeverTraded2022-10-012023-09-30NI020189bus:PrivateLimitedCompanyLtd2022-10-012023-09-30NI020189bus:SmallCompaniesRegimeForAccounts2022-10-012023-09-30NI020189bus:FRS1022022-10-012023-09-30NI020189bus:AuditExempt-NoAccountantsReport2022-10-012023-09-30NI020189bus:FullAccounts2022-10-012023-09-30xbrli:purexbrli:sharesiso4217:GBP