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REGISTERED NUMBER: 04259923 (England and Wales)















Runacre Limited

Financial Statements for the Year Ended 31st July 2023






Runacre Limited (Registered number: 04259923)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

Runacre Limited

Company Information
for the Year Ended 31st July 2023







DIRECTORS: T J Barrington
T D Marchant-Lane





SECRETARY: T J Barrington





REGISTERED OFFICE: 7 East Pallant
Chichester
West Sussex
PO19 1TR





REGISTERED NUMBER: 04259923 (England and Wales)





ACCOUNTANTS: Sheen Stickland
Chartered Accountants
7 East Pallant
Chichester
West Sussex
PO19 1TR

Runacre Limited (Registered number: 04259923)

Balance Sheet
31st July 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 401,628 401,640

CURRENT ASSETS
Debtors 5 10,915 10,769
Cash at bank 4,045 30,620
14,960 41,389
CREDITORS
Amounts falling due within one year 6 34,524 52,065
NET CURRENT LIABILITIES (19,564 ) (10,676 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

382,064

390,964

CREDITORS
Amounts falling due after more than one
year

7

201,497

201,497
NET ASSETS 180,567 189,467

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings 10 180,565 189,465
SHAREHOLDERS' FUNDS 180,567 189,467

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

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

Runacre Limited (Registered number: 04259923)

Balance Sheet - continued
31st 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 Board of Directors and authorised for issue on 10th April 2024 and were signed on its behalf by:




T J Barrington - Director



T D Marchant-Lane - Director


Runacre Limited (Registered number: 04259923)

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


1. STATUTORY INFORMATION

Runacre 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 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

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

Runacre Limited (Registered number: 04259923)

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


4. TANGIBLE FIXED ASSETS
Fixtures
Long and Motor Computer
leasehold fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1st August 2022
and 31st July 2023 401,596 482 3,000 2,863 407,941
DEPRECIATION
At 1st August 2022 - 480 2,970 2,851 6,301
Charge for year - 1 8 3 12
At 31st July 2023 - 481 2,978 2,854 6,313
NET BOOK VALUE
At 31st July 2023 401,596 1 22 9 401,628
At 31st July 2022 401,596 2 30 12 401,640

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts due from related
undertakings 10,153 10,153
Prepayments 762 616
10,915 10,769

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts due to related
undertakings 1,870 1,870
Accruals and deferred income 32,654 50,195
34,524 52,065

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other loans 201,497 201,497

Amounts falling due in more than five years:

Repayable by instalments
Other loans 201,497 201,497

Runacre Limited (Registered number: 04259923)

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


8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Other loans 196,573 201,497

The loans held are secured by way of fixed charges on certain properties owned by the company.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2 Ordinary 1 2 2

10. RESERVES
Retained
earnings
£   

At 1st August 2022 189,465
Deficit for the year (8,900 )
At 31st July 2023 180,565

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Runacre Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Runacre Limited for the year ended 31st July 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Runacre Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Runacre Limited and state those matters that we have agreed to state to the Board of Directors of Runacre Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Runacre Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Runacre Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Runacre Limited. You consider that Runacre Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Runacre Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Sheen Stickland
Chartered Accountants
7 East Pallant
Chichester
West Sussex
PO19 1TR


10th April 2024