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Company Registration No. 03631094 (England and Wales)
Rutland Estates Limited Unaudited accounts for the year ended 31 December 2023
Rutland Estates Limited Unaudited accounts Contents
Page
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Rutland Estates Limited Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
10,719 
11,974 
Investment property
8,895,001 
8,895,001 
8,905,720 
8,906,975 
Current assets
Debtors
62,537 
57,048 
Cash at bank and in hand
302,890 
139,264 
365,427 
196,312 
Creditors: amounts falling due within one year
(322,321)
(553,652)
Net current assets/(liabilities)
43,106 
(357,340)
Total assets less current liabilities
8,948,826 
8,549,635 
Provisions for liabilities
Deferred tax
(608,818)
(606,138)
Net assets
8,340,008 
7,943,497 
Capital and reserves
Called up share capital
1,228 
1,228 
Share premium
564,606 
564,606 
Revaluation reserve
227,356 
227,356 
Profit and loss account
7,546,818 
7,150,307 
Shareholders' funds
8,340,008 
7,943,497 
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 31 July 2024 and were signed on its behalf by
Malcolm D Wells Director Company Registration No. 03631094
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Rutland Estates Limited Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
Rutland Estates Limited is a private company, limited by shares, registered in England and Wales, registration number 03631094. The registered office is Spring House, Bath Row, Stamford, Lincolnshire, PE9 2QX.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
20% reducing balance
Fixtures & fittings
10% straight line
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Rutland Estates Limited Notes to the Accounts for the year ended 31 December 2023
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2023
19,112 
81,816 
100,928 
Additions
- 
883 
883 
At 31 December 2023
19,112 
82,699 
101,811 
Depreciation
At 1 January 2023
9,328 
79,626 
88,954 
Charge for the year
1,957 
181 
2,138 
At 31 December 2023
11,285 
79,807 
91,092 
Net book value
At 31 December 2023
7,827 
2,892 
10,719 
At 31 December 2022
9,784 
2,190 
11,974 
5
Investment property
2023 
£ 
Fair value at 1 January 2023
8,895,001 
At 31 December 2023
8,895,001 
As at the 31st December 2021, the investment properties were valued at market value. These were done by Mr M. D. Wells & Mr H. M. Wells, both of which are members of the Royal Institute of Chartered Surveyors.
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
18,562 
12,254 
Accrued income and prepayments
6,471 
7,166 
Other debtors
37,504 
37,628 
62,537 
57,048 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
112,508 
100,852 
Amounts owed to group undertakings and other participating interests
- 
280,000 
Taxes and social security
172,114 
134,599 
Other creditors
37,699 
37,823 
Accruals
- 
378 
322,321 
553,652 
8
Transactions with related parties
As at the 31st December 2023 within creditors, £nil (2022 - £280,000) was owed to related parties, for which the majority of directors have participating interests in. These loans are interest free and are repayable on demand.
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Rutland Estates Limited Notes to the Accounts for the year ended 31 December 2023
9
Average number of employees
During the year the average number of employees was 4 (2022: 4).
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