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REGISTERED NUMBER: 09665872 (England and Wales)















Unaudited Financial Statements for the Year Ended 30th November 2023

for

RURAL CONCEPTS (LIBYA) LIMITED

RURAL CONCEPTS (LIBYA) LIMITED (REGISTERED NUMBER: 09665872)

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 (LIBYA) LIMITED

Company Information
for the Year Ended 30th November 2023







DIRECTOR: Roger Henry Tempest





REGISTERED OFFICE: The Estate Office
Broughton Hall
Broughton
Skipton
Yorkshire
BD23 3AE





REGISTERED NUMBER: 09665872 (England and Wales)






RURAL CONCEPTS (LIBYA) LIMITED (REGISTERED NUMBER: 09665872)

Balance Sheet
30th November 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Debtors 4 310,000 310,000
Investments 5 200,000 200,000
510,000 510,000
CREDITORS
Amounts falling due within one year 6 500,000 500,000
NET CURRENT ASSETS 10,000 10,000
TOTAL ASSETS LESS CURRENT
LIABILITIES

10,000

10,000

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
SHAREHOLDERS' FUNDS 10,000 10,000

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 (LIBYA) LIMITED (REGISTERED NUMBER: 09665872)

Balance Sheet - continued
30th November 2023


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 22nd August 2024 and were signed by:





Roger Henry Tempest - Director


RURAL CONCEPTS (LIBYA) LIMITED (REGISTERED NUMBER: 09665872)

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


1. STATUTORY INFORMATION

Rural Concepts (Libya) 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 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

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.


RURAL CONCEPTS (LIBYA) LIMITED (REGISTERED NUMBER: 09665872)

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


2. ACCOUNTING POLICIES - continued
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. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings 310,000 310,000

5. CURRENT ASSET INVESTMENTS
2023 2022
£    £   
Shares in group undertakings 200,000 200,000

The company holds more than 20% of the share capital of the following companies:

Rural Concepts Construction Limited

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed to group undertakings 500,000 500,000