Registered number
09820563
RNR ESTATE LIMITED
Filleted Accounts
31 October 2023
RNR ESTATE LIMITED
Registered number: 09820563
Balance Sheet
as at 31 October 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 1,062,757 1,039,827
Current assets
Debtors 4 2,400 3,006
Cash at bank and in hand 4,491 15,619
6,891 18,625
Creditors: amounts falling due within one year 5 (118,094) (116,344)
Net current liabilities (111,203) (97,719)
Total assets less current liabilities 951,554 942,108
Creditors: amounts falling due after more than one year 6 (976,978) (959,857)
Net liabilities (25,424) (17,749)
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account (26,424) (18,749)
Shareholders' funds (25,424) (17,749)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Ritika Justine
Director
Approved by the board on 29 July 2024
RNR ESTATE LIMITED
Notes to the Accounts
for the year ended 31 October 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 4 4
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 November 2022 1,039,827
Additions 22,930
At 31 October 2023 1,062,757
Depreciation
At 31 October 2023 -
Net book value
At 31 October 2023 1,062,757
At 31 October 2022 1,039,827
4 Debtors 2023 2022
£ £
Trade debtors 2,400 2,400
Other debtors - 606
2,400 3,006
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 63,124 63,124
Taxation and social security costs 732 667
Other creditors 54,238 52,553
118,094 116,344
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 181,897 199,016
Other creditors 795,081 760,841
976,978 959,857
7 Other information
RNR ESTATE LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
Heraldic House
Cranbrook Road
Ilford
Essex
IG1 4PE
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