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Registration number: 00991789

Rutpen Holdings Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

Rutpen Holdings Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 8

 

Rutpen Holdings Limited

(Registration number: 00991789)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

1,003,940

1,075,073

Investments

5

740,750

740,750

 

1,744,690

1,815,823

Current assets

 

Debtors

6

3,736,079

3,439,213

Cash at bank and in hand

 

1,655,221

957,875

 

5,391,300

4,397,088

Creditors: Amounts falling due within one year

7

(812,457)

(978,215)

Net current assets

 

4,578,843

3,418,873

Total assets less current liabilities

 

6,323,533

5,234,696

Provisions for liabilities

(5,520)

(11,161)

Net assets

 

6,318,013

5,223,535

Capital and reserves

 

Called up share capital

7

7

Share premium reserve

284,999

284,999

Capital redemption reserve

18

18

Retained earnings

6,032,989

4,938,511

Shareholders' funds

 

6,318,013

5,223,535

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

 

Rutpen Holdings Limited

(Registration number: 00991789)
Balance Sheet as at 31 March 2024

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 8 August 2024 and signed on its behalf by:
 

.........................................
Mr K D Whittle
Director

 

Rutpen Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Membury Airfield
Lambourn
Hungerford
Berkshire
RG17 7TJ
England

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Group accounts not prepared

The financial statements contain information about Rutpen Holdings Limited as an individual company and do not contain consolidated information as the parent of a group. The company has taken the option under Section 398 of the Companies Act 2006 not to prepare consolidated financial statements.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Tax

The tax expense for the period comprises current tax payable and deferred tax.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

 

Rutpen Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

20% Straight line

Motor vehicles

20% Straight line

Fixtures and fittings

10% Straight line

Land and buildings

2% Straight line or life of the lease

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

 

Rutpen Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

 

Rutpen Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

4

Tangible assets

Land and buildings
£

Fixtures and fittings
£

Plant and machinery
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 April 2023

1,770,607

72,993

122,800

73,333

2,039,733

Additions

-

-

950

-

950

At 31 March 2024

1,770,607

72,993

123,750

73,333

2,040,683

Depreciation

At 1 April 2023

740,178

70,504

102,645

51,333

964,660

Charge for the year

48,569

2,489

6,358

14,667

72,083

At 31 March 2024

788,747

72,993

109,003

66,000

1,036,743

Carrying amount

At 31 March 2024

981,860

-

14,747

7,333

1,003,940

At 31 March 2023

1,030,429

2,489

20,155

22,000

1,075,073

5

Investments

2024
£

2023
£

Investments in subsidiaries

740,750

740,750

Subsidiaries

£

Cost or valuation

At 1 April 2023

740,750

Provision

Carrying amount

At 31 March 2024

740,750

At 31 March 2023

740,750

 

Rutpen Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Details of undertakings

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:

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

     

2024

2023

Subsidiary undertakings

Rutpen Limited

Membury Airfield
Lambourn
Hungerford
Berkshire
RG17 7TJ

United Kingdom

ordinary £1

100%

100%

Subsidiary undertakings

Rutpen Limited

The principal activity of Rutpen Limited is manufacturing of chemicals.

6

Debtors

Current

Note

2024
£

2023
£

Trade debtors

 

27,260

43,945

Amounts owed by related parties

8

3,588,819

3,285,856

Other debtors

 

120,000

109,412

   

3,736,079

3,439,213

 

Rutpen Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

17,883

9,430

Taxation and social security

134,551

106,704

Other creditors

660,023

862,081

812,457

978,215

8

Related party transactions

Other transactions with directors

As at 31 March 2024 the company owed the directors £498,889 (2023: £124,131).