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REGISTERED NUMBER: 11897195 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

RUTLAND COUNTRY PROPERTIES LIMITED

RUTLAND COUNTRY PROPERTIES LIMITED (REGISTERED NUMBER: 11897195)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RUTLAND COUNTRY PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: J M G von Draczek
Mrs I Toth von Draczek





REGISTERED OFFICE: Wheelers
27-29 Old Market
Wisbech
Cambridgeshire
PE13 1NE





REGISTERED NUMBER: 11897195 (England and Wales)





ACCOUNTANTS: Wheelers
Chartered Accountants & Tax Consultants
27-29 Old Market
Wisbech
Cambridgeshire
PE13 1NE

RUTLAND COUNTRY PROPERTIES LIMITED (REGISTERED NUMBER: 11897195)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 15,634
Tangible assets 5 113,126 114,612
Investment property 6 155,000 -
268,126 130,246

CURRENT ASSETS
Debtors 7 48,656 89,627
Cash at bank 9,899 4,327
58,555 93,954
CREDITORS
Amounts falling due within one year 8 220,031 149,085
NET CURRENT LIABILITIES (161,476 ) (55,131 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

106,650

75,115

CREDITORS
Amounts falling due after more than one year 9 (172,264 ) (145,899 )

PROVISIONS FOR LIABILITIES (15,612 ) (10,500 )
NET LIABILITIES (81,226 ) (81,284 )

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 12 19,662 -
Retained earnings (100,988 ) (81,384 )
(81,226 ) (81,284 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

RUTLAND COUNTRY PROPERTIES LIMITED (REGISTERED NUMBER: 11897195)

BALANCE SHEET - continued
31 MARCH 2024


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 18 September 2024 and were signed on its behalf by:





J M G von Draczek - Director


RUTLAND COUNTRY PROPERTIES LIMITED (REGISTERED NUMBER: 11897195)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Rutland Country Properties 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

At the balance sheet date the company had net liabilities of £81,226 by virtue of its total liabilities exceeding its total assets. The directors are confident that the going concern basis for the preparation of the financial statements is appropriate, and have confirmed their continuing support for the company in writing.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, has now been fully amortised.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - over term of the lease
Fixtures and fittings - 15% on reducing balance
Computer equipment - 25% on reducing balance

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

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.


RUTLAND COUNTRY PROPERTIES LIMITED (REGISTERED NUMBER: 11897195)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 78,170
AMORTISATION
At 1 April 2023 62,536
Charge for year 15,634
At 31 March 2024 78,170
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 15,634

RUTLAND COUNTRY PROPERTIES LIMITED (REGISTERED NUMBER: 11897195)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Long and Computer
leasehold fittings equipment Totals
£    £    £    £   
COST
At 1 April 2023 90,376 33,532 4,641 128,549
Additions 6,931 2,080 3,912 12,923
At 31 March 2024 97,307 35,612 8,553 141,472
DEPRECIATION
At 1 April 2023 7,514 5,411 1,012 13,937
Charge for year 8,338 4,527 1,544 14,409
At 31 March 2024 15,852 9,938 2,556 28,346
NET BOOK VALUE
At 31 March 2024 81,455 25,674 5,997 113,126
At 31 March 2023 82,862 28,121 3,629 114,612

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 130,726
Revaluations 24,274
At 31 March 2024 155,000
NET BOOK VALUE
At 31 March 2024 155,000

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2024 24,274
Cost 130,726
155,000

If investment property had not been revalued it would have been included at the following historical cost:

31.3.24 31.3.23
£    £   
Cost 130,726 -

Investment property was valued on an open market basis on 31 March 2024 by the directors .

RUTLAND COUNTRY PROPERTIES LIMITED (REGISTERED NUMBER: 11897195)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 42,756 34,590
Other debtors 5,900 55,037
48,656 89,627

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 14,223 22,640
Trade creditors 20,722 41,522
Taxation and social security 29,748 6,496
Other creditors 155,338 78,427
220,031 149,085

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 172,264 30,899
Other creditors - 115,000
172,264 145,899

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 100,409 10,856

10. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.3.24 31.3.23
£    £   
Within one year 23,600 21,500
Between one and five years 94,400 86,000
In more than five years 100,300 112,875
218,300 220,375

RUTLAND COUNTRY PROPERTIES LIMITED (REGISTERED NUMBER: 11897195)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

11. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Other loans 115,000 115,000
Bank loans 107,788 -
222,788 115,000

J M G von Draczek and Mrs I Toth von Draczek have provided personal security in relation to the other loans.

Also, there is a fixed and floating charge over all property or undertaking of the company in favour of National Westminster Bank PLC.

12. RESERVES
Fair
value
reserve
£   
Reclassification 19,662

At 31 March 2024 19,662

13. CAPITAL COMMITMENTS
31.3.24 31.3.23
£    £   
Contracted but not provided for in the
financial statements - 112,500

14. OTHER FINANCIAL COMMITMENTS

The company has other financial commitments as follows:
31.3.2431.3.23
££
Within one year1,2801,919
Between one and five years-1,280
1,2803,199

RUTLAND COUNTRY PROPERTIES LIMITED (REGISTERED NUMBER: 11897195)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

15. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
J M G von Draczek and Mrs I Toth von Draczek
Balance outstanding at start of year - 4,217
Amounts advanced - 22,116
Amounts repaid - (26,333 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

16. RELATED PARTY DISCLOSURES

During the year, the company received an interest free loan from a shareholder. The balance of this loan at the year end was £12,000 (2023 - £22,000).