REGISTERED NUMBER: |
Running Cow Ltd |
Unaudited Financial Statements for the Year Ended 31 July 2023 |
REGISTERED NUMBER: |
Running Cow Ltd |
Unaudited Financial Statements for the Year Ended 31 July 2023 |
Running Cow Ltd (Registered number: 10078209) |
Contents of the Financial Statements |
for the Year Ended 31 July 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Running Cow Ltd |
Company Information |
for the Year Ended 31 July 2023 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
9 Shottery Brook Office Park |
Timothys Bridge Road |
Stratford-Upon-Avon |
CV37 9NR |
Running Cow Ltd (Registered number: 10078209) |
Balance Sheet |
31 July 2023 |
31.7.23 | 31.7.22 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investments | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
7 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 8 |
Retained earnings |
SHAREHOLDERS' FUNDS |
The director acknowledges his 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. |
Running Cow Ltd (Registered number: 10078209) |
Balance Sheet - continued |
31 July 2023 |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the director and authorised for issue on |
Running Cow Ltd (Registered number: 10078209) |
Notes to the Financial Statements |
for the Year Ended 31 July 2023 |
1. | STATUTORY INFORMATION |
Running Cow Ltd is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
All monetary amounts are rounded to the nearest pound. |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Going concern |
The financial statements have been prepared on a going concern basis. |
Preparation of consolidated financial statements |
The financial statements contain information about Running Cow Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements. |
Judgements and estimates |
In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. |
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. |
Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
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. |
Running Cow Ltd (Registered number: 10078209) |
Notes to the Financial Statements - continued |
for the Year Ended 31 July 2023 |
2. | ACCOUNTING POLICIES - continued |
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 operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
£ |
COST |
At 1 August 2022 |
Disposals | ( |
) |
At 31 July 2023 |
NET BOOK VALUE |
At 31 July 2023 |
At 31 July 2022 |
Running Cow Ltd (Registered number: 10078209) |
Notes to the Financial Statements - continued |
for the Year Ended 31 July 2023 |
4. | FIXED ASSET INVESTMENTS - continued |
Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows: |
Name of Undertaking |
Registered Office |
Class of Share held |
Proportion of voting rights and shares held |
Subsidiary Undertakings | 2023 | 2022 |
Capital SFLU Group Limited |
Unit 2a Penn Street, Wolverhampton, WV3 0JJ |
Ordinary |
100% |
100% |
27 Holdings Ltd |
Unit 2a Penn Street, Wolverhampton, WV3 0JJ |
Ordinary |
100% |
100% |
Evans Mann Properties Ltd |
Unit 2a Penn Street, Wolverhampton, WV3 0JJ |
Ordinary |
50% |
50% |
Lea Manor Homes Limited |
Unit 2a Penn Street, Wolverhampton, WV3 0JJ |
Ordinary |
50% |
50% |
Eco-Heat Smart Solutions Limited |
Unit 2a Penn Street, Wolverhampton, WV3 0JJ |
Ordinary |
33% |
33% |
Evans Mann Properties Limited |
Unit 2a Penn Street, Wolverhampton, WV3 0JJ |
Ordinary |
50% |
50% |
Evans Mann Commercial Limited |
Unit 2a Penn Street, Wolverhampton, WV3 0JJ |
Ordinary |
50% |
50% |
EMP Summerfield House Limited |
Unit 2a Penn Street, Wolverhampton, WV3 0JJ |
Ordinary |
50% |
50% |
All undertakings are held directly by Running Cow Ltd, with the exception of Evans Mann Commercial Limited and EMP Summerfield House Limited which are wholly owned subsidiaries of Evans Mann Properties Limited. |
All companies are incorporated in England and Wales and share the same registered office as Running Cow Ltd. |
The principal activity of Capital SFLU Group Limited is shopfitting, logistics and utilities. |
The principal activity of 27 Holdings Ltd is that of holding company. |
The principal activity of Evans Mann Properties Ltd is property developments. |
The principal activity of Lea Manor Homes Limited is property developments. |
The principal activity of Eco-Heat Smart Solutions Limited is plumbing, heat and air-conditioning installation. |
The principal activity of Evans Mann Properties Limited is other letting and operating of own or leased real estate. |
The principal activity of Evans Mann Commercial Limited is the buying and selling of own real estate. |
The principal activities of EMP Summerfield House Limited is the development of building projects and construction of domestic buildings. |
Running Cow Ltd (Registered number: 10078209) |
Notes to the Financial Statements - continued |
for the Year Ended 31 July 2023 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.7.23 | 31.7.22 |
£ | £ |
Amounts owed by group undertakings |
Amounts owed by participating interests | 372,975 | 202,257 |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.7.23 | 31.7.22 |
£ | £ |
Bank loans and overdrafts |
Amounts owed to group undertakings |
Amounts owed to participating interests | 2 | 2 |
Taxation and social security |
Other creditors |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
31.7.23 | 31.7.22 |
£ | £ |
Bank loans |
Amounts falling due in more than five years: |
Repayable by instalments |
Bank loans more 5 yr by instalments | 15,502 | 23,707 |
8. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.7.23 | 31.7.22 |
value: | £ | £ |
Ordinary | 1 | 4 | 4 |
9. | RELATED PARTY DISCLOSURES |
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group. |
Running Cow Ltd (Registered number: 10078209) |
Notes to the Financial Statements - continued |
for the Year Ended 31 July 2023 |
9. | RELATED PARTY DISCLOSURES - continued |
Loans to related parties |
Entities with joint control or significant influence |
2023 | £ |
At start of period | 166,999 |
Advanced | 535,258 |
Repaid | (428,882) |
At end of period | 273,375 |
Entities with joint control or significant influence |
2022 | £ |
At start of period | 207,599 |
Advanced | - |
Repaid | (40,600) |
At end of period | 166,999 |
Terms of loans to related parties |
These amounts have been advanced on an interest free basis, there are no fixed repayment terms for the loan facility provided. |
Loans from related parties |
Entities with joint control or significant influence |
2023 | £ |
At start of period | - |
Advanced | 2 |
Repaid | - |
At end of period | 2 |
Running Cow Ltd (Registered number: 10078209) |
Notes to the Financial Statements - continued |
for the Year Ended 31 July 2023 |
9. | RELATED PARTY DISCLOSURES - continued |
Entities with joint control or significant influence |
2022 | £ |
At start of period | - |
Advanced | - |
Repaid | - |
At end of period | - |
Terms of loans from related parties |
These amounts have been advanced on an interest free basis, there are no fixed repayment terms for the loan facility provided. |
10. | ULTIMATE CONTROLLING PARTY |
The ultimate controlling party is |