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REGISTERED NUMBER: 03381624 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

Ruby Gold Limited

Ruby Gold Limited (Registered number: 03381624)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

Ruby Gold Limited

Company Information
for the Year Ended 30 November 2023







DIRECTORS: J N Garara
P Dhokia





SECRETARY: P Dhokia





REGISTERED OFFICE: The Gatehouse
453 Cranbrook Road
Ilford
Essex
IG2 6EW





REGISTERED NUMBER: 03381624 (England and Wales)





ACCOUNTANTS: Nielsens
Chartered Accountants
The Gatehouse
453 Cranbrook Road
Ilford
Essex
IG2 6EW

Ruby Gold Limited (Registered number: 03381624)

Abridged Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investment property 5 1,100,000 1,100,000
1,100,000 1,100,000

CURRENT ASSETS
Debtors 1,800 1,800
Cash at bank 102,176 119,949
103,976 121,749
CREDITORS
Amounts falling due within one year 97,135 98,155
NET CURRENT ASSETS 6,841 23,594
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,106,841

1,123,594

CREDITORS
Amounts falling due after more than one
year

287,483

311,497
NET ASSETS 819,358 812,097

CAPITAL AND RESERVES
Called up share capital 7 90 90
Revaluation Reserve 8 894,458 894,458
Retained earnings (75,190 ) (82,451 )
SHAREHOLDERS' FUNDS 819,358 812,097

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

Ruby Gold Limited (Registered number: 03381624)

Abridged Balance Sheet - continued
30 November 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 November 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 August 2024 and were signed on its behalf by:





P Dhokia - Director


Ruby Gold Limited (Registered number: 03381624)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Ruby Gold 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 net invoiced rental income, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Fixtures, fittings & equipment - 25% on cost

Investment property
The directors are of the opinion that the current property investment value is fairly stated, and not materially
different to the valuation in line with the mixed property price index since the last valuation and that the cost of an independent valuation would not be cost-effective. Also, the property or the land element are not depreciated as the property is maintained regularly to retain value.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 4 (2022 - 3 ) .

Ruby Gold Limited (Registered number: 03381624)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 December 2022
and 30 November 2023 8,210
DEPRECIATION
At 1 December 2022
and 30 November 2023 8,210
NET BOOK VALUE
At 30 November 2023 -
At 30 November 2022 -

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2022
and 30 November 2023 1,100,000
NET BOOK VALUE
At 30 November 2023 1,100,000
At 30 November 2022 1,100,000

Included in fair value of investment property is freehold land of £ 250,000 (2022 - £ 250,000 ) which is not depreciated.

The directors are of the opinion that the current property investment value is fairly stated, and not materially
different to the valuation in line with the mixed property price index since the last valuation and that the cost of an independent valuation would not be cost-effective.

Fair value at 30 November 2023 is represented by:
£   
Valuation in 2008 1,100,000

If the freehold land and building had not been revalued it would have been included at the following historical cost:

30.11.23 30.11.22
£    £   
Cost 205,542 205,542

The investment property was valued on an open market basis on 30 November 2008 by a professional valuer. .

Ruby Gold Limited (Registered number: 03381624)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

6. SECURED DEBTS

The following secured debts are included within creditors:

30.11.23 30.11.22
£    £   
Bank loans 330,288 354,302

The company's freehold property investment.

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.23 30.11.22
value: £    £   
90 Ordinary £1 90 90

8. RESERVES
Revaluation
Reserve
£   
At 1 December 2022
and 30 November 2023 894,458

9. ULTIMATE CONTROLLING PARTY

The controlling party is the two directors.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Ruby Gold 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 Ruby Gold Limited for the year ended 30 November 2023 which comprise the Statement of Income and Retained Earnings, Abridged 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 Ruby Gold 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 Ruby Gold Limited and state those matters that we have agreed to state to the Board of Directors of Ruby Gold 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 Ruby Gold Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Ruby Gold 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 profit of Ruby Gold Limited. You consider that Ruby Gold 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 Ruby Gold 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.






Nielsens
Chartered Accountants
The Gatehouse
453 Cranbrook Road
Ilford
Essex
IG2 6EW


21 August 2024