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REGISTERED NUMBER: 07809385 (England and Wales)



















Financial Statements

for the Year Ended 31 October 2023

for

RNR Enterprises Limited

RNR Enterprises Limited (Registered number: 07809385)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


RNR Enterprises Limited

Company Information
for the Year Ended 31 October 2023







DIRECTORS: D Roopun
R S Roopun





REGISTERED OFFICE: 19-21 Heatherley Road
Camberley
Surrey
GU15 3LX





REGISTERED NUMBER: 07809385 (England and Wales)





AUDITORS: Bates Weston Audit Ltd
Statutory Auditors
Chartered Accountants
The Mills
Canal Street
Derby
DE1 2RJ

RNR Enterprises Limited (Registered number: 07809385)

Balance Sheet
31 October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 2,500,000 2,500,000

CURRENT ASSETS
Debtors 5 132,362 63,643
Cash at bank 161,032 133,785
293,394 197,428
CREDITORS
Amounts falling due within one year 6 503,515 446,688
NET CURRENT LIABILITIES (210,121 ) (249,260 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,289,879

2,250,740

CREDITORS
Amounts falling due after more than one
year

7

(40,989

)

(55,360

)

PROVISIONS FOR LIABILITIES 10 (492,985 ) (492,707 )
NET ASSETS 1,755,905 1,702,673

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 1,366,300 1,477,872
Retained earnings 389,505 224,701
SHAREHOLDERS' FUNDS 1,755,905 1,702,673

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 July 2024 and were signed on its behalf by:





D Roopun - Director


RNR Enterprises Limited (Registered number: 07809385)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

RNR Enterprises 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents rents and service charges receivable from properties. Turnover is recognised when rentals are due in accordance with the lease terms.

Investment property
Investment property is not depreciated but is revalued annually at its fair value, in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland". Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Deferred tax
Deferred tax arises from timing differences that are differences between taxable total profits and total comprehensive income as stated in the financial statements. These timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in the financial statements.

A deferred tax asset is recognised only when it is more likely than not that there will be suitable taxable profits from which the future reversal of underlying timing differences and losses can be deducted.

Provision is made at current rates for taxation deferred in respect of all material timing differences.

Leasing commitments
Rentals received under operating leases are charged to the profit and loss account as incurred.

Going concern
The financial statements have been prepared on a going concern basis that assumes the continuing financial support of the group. The Directors have indicated that this support will continue for the foreseeable future.

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2022
and 31 October 2023 2,500,000
NET BOOK VALUE
At 31 October 2023 2,500,000
At 31 October 2022 2,500,000

RNR Enterprises Limited (Registered number: 07809385)

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

4. INVESTMENT PROPERTY - continued

Fair value at 31 October 2023 is represented by:
£   
Valuation in 2023 2,500,000

If the investment property had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 668,817 668,817
Aggregate depreciation (160,512 ) (147,136 )

The investment property was valued on a fair value basis on 31 October 2023 by the directors .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 132,362 63,643

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 15,500 16,594
Amounts owed to group undertakings 277,374 277,374
Tax 15,227 21,935
Other creditors 169,652 104,087
Directors' loan accounts 23,026 23,026
Accrued expenses 2,736 3,672
503,515 446,688

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 16,787 17,099
Bank loans - 2-5 years 24,202 38,261
40,989 55,360

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 56,489 71,954

Debts are secured against the assets to which they relate.

RNR Enterprises Limited (Registered number: 07809385)

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

9. LEASING AGREEMENTS

The following operating lease income is committed to be received:

Non-cancellable
operating leases
2023 2022

Within one year 194,750 127,000
Between one and five years 491,000 65,250
685,750 192,250

10. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax timing difference 492,985 492,707

Deferred
tax
£   
Balance at 1 November 2022 492,707
Provided during year 278
Balance at 31 October 2023 492,985

11. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Wayne Thomas ACA (Senior Statutory Auditor)
for and on behalf of Bates Weston Audit Ltd

12. RELATED PARTY DISCLOSURES

During the year, the company paid interest of £11,528 (2022: £11,528) to the immediate parent undertaking. Included in creditors is a balance of £277,374 (2022: £277,374) owed to the company.

13. ULTIMATE CONTROLLING PARTY

The company's immediate parent undertaking is Beaumont Lodge Limited. The ultimate parent undertaking is Beaumont Lodge Holdings Limited. The registered office of both companies is 19-21 Heatherley Road, Camberley, Surrey, GU15 3LX. Copies of the consolidated financial statements are available from the Registrar of Companies, Companies House, Crown Way, Cardiff, CF14 3UZ.