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REGISTERED NUMBER: 08606690 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Rattray Milne Ltd

Rattray Milne Ltd (Registered number: 08606690)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Rattray Milne Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTORS: C B Cockell
J Cockell
Mrs V Kieldsen





REGISTERED OFFICE: The Old Stocks Inn
The Square
Stow - on - the - Wold
Gloucestershire
GL54 1AF





REGISTERED NUMBER: 08606690 (England and Wales)





ACCOUNTANTS: A C Mole LLP
Stafford House
Blackbrook Park Avenue
Taunton
Somerset
TA1 2PX

Rattray Milne Ltd (Registered number: 08606690)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 15,979 21,244
Investments 5 2 2
Investment property 6 4,575,000 4,195,000
4,590,981 4,216,246

CURRENT ASSETS
Debtors 7 981,271 880,871
Cash at bank 24,827 20,945
1,006,098 901,816
CREDITORS
Amounts falling due within one year 8 2,055,662 2,012,095
NET CURRENT LIABILITIES (1,049,564 ) (1,110,279 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,541,417

3,105,967

CAPITAL AND RESERVES
Called up share capital 9 3,900,000 3,900,000
Retained earnings (358,583 ) (794,033 )
SHAREHOLDERS' FUNDS 3,541,417 3,105,967

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

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 Board of Directors and authorised for issue on 2 September 2024 and were signed on its behalf by:





J Cockell - Director


Rattray Milne Ltd (Registered number: 08606690)

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

1. STATUTORY INFORMATION

Rattray Milne Ltd 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.

Significant judgements and estimates
Estimates and judgements are continually evaluated and are based on historical experience and adjusted for current market conditions or other factors. The Directors makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom be exactly the same as related actual results. The estimates, assumptions and management judgements that carry a significant risk of material adjustments to the carrying amounts of assets and liabilities within the next financial year are outlined below.

Principal assumptions underlying the Directors’ estimation of fair value of investment property
Investment properties are measured at fair value. Current economic developments and uncertainties will therefore influence the valuation of our investments properties.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investment property
Investment property is shown at fair value, being the most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss in the year of valuation.

Financial instruments
The company only has financial assets and liabilities that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at settlement value.

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 2 (2022 - 2 ) .

Rattray Milne Ltd (Registered number: 08606690)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023
and 31 December 2023 325,672
DEPRECIATION
At 1 January 2023 304,428
Charge for year 5,265
At 31 December 2023 309,693
NET BOOK VALUE
At 31 December 2023 15,979
At 31 December 2022 21,244

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2023
and 31 December 2023 2
NET BOOK VALUE
At 31 December 2023 2
At 31 December 2022 2

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023 4,195,000
Additions 4,700
Revaluations 375,300
At 31 December 2023 4,575,000
NET BOOK VALUE
At 31 December 2023 4,575,000
At 31 December 2022 4,195,000

Fair value at 31 December 2023 is represented by:
£   
Valuation in 2023 4,575,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 21,000 15,600
Amounts owed by group undertakings 960,271 865,271
981,271 880,871

Rattray Milne Ltd (Registered number: 08606690)

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

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 10,593 4,500
Taxation and social security 9,052 11,976
Other creditors 2,036,017 1,995,619
2,055,662 2,012,095

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
3,900,000 Ordinary £1 3,900,000 3,900,000