REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 30th November 2023 |
for |
RURAL CONCEPTS INVESTMENTS LIMITED |
REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 30th November 2023 |
for |
RURAL CONCEPTS INVESTMENTS LIMITED |
RURAL CONCEPTS INVESTMENTS LIMITED (REGISTERED NUMBER: 08911180) |
Contents of the Financial Statements |
for the Year Ended 30th November 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
RURAL CONCEPTS INVESTMENTS LIMITED |
Company Information |
for the Year Ended 30th November 2023 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
RURAL CONCEPTS INVESTMENTS LIMITED (REGISTERED NUMBER: 08911180) |
Balance Sheet |
30th November 2023 |
2023 | 2022 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investments | 4 |
CURRENT ASSETS |
Stocks |
CREDITORS |
Amounts falling due within one year | 5 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital |
SHAREHOLDERS' FUNDS |
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. |
RURAL CONCEPTS INVESTMENTS LIMITED (REGISTERED NUMBER: 08911180) |
Balance Sheet - continued |
30th November 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 Board of Directors and authorised for issue on |
RURAL CONCEPTS INVESTMENTS LIMITED (REGISTERED NUMBER: 08911180) |
Notes to the Financial Statements |
for the Year Ended 30th November 2023 |
1. | STATUTORY INFORMATION |
Rural Concepts Investments Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
These financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view. |
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £. |
The company meets its day to day working capital requirements through funds provided by its related company RCL Finance Limited which are repayable on demand and are disclosed as due within one year in the financial statements |
On this basis, the director considers it appropriate to prepare the financial statements on the going concern basis. The financial statements do not include any adjustments that would result from a withdrawal of the support by RCL Finance Limited |
Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
Stocks |
Work in progress is valued at the lower of cost and net realisable value. |
Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition. |
RURAL CONCEPTS INVESTMENTS LIMITED (REGISTERED NUMBER: 08911180) |
Notes to the Financial Statements - continued |
for the Year Ended 30th November 2023 |
2. | ACCOUNTING POLICIES - continued |
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. |
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 NIL (2022 - NIL). |
4. | FIXED ASSET INVESTMENTS |
The company holds more than 20% of the share capital of the following companies: |
International Youth City Limited |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Amounts owed to group undertakings |
Other creditors |
RURAL CONCEPTS INVESTMENTS LIMITED (REGISTERED NUMBER: 08911180) |
Notes to the Financial Statements - continued |
for the Year Ended 30th November 2023 |
6. | CONTROL |
Rural Concepts Limited is regarded by the director as being the company's ultimate parent company. |
The ultimate controlling party of Rural Concepts Investments Limited is Roger Tempest by virtue of his 100% shareholding in Rural Concepts Limited. |