Registered number
07888717
RODLEASE VENTURES LIMITED
Filleted Accounts
31 December 2023
RODLEASE VENTURES LIMITED
Registered number: 07888717
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 59,645 75,838
Investments 4 1 1
59,646 75,839
Current assets
Cash at bank and in hand 36,705 65,524
Creditors: amounts falling due within one year 5 (3,100) 36
Net current assets 33,605 65,560
Total assets less current liabilities 93,251 141,399
Creditors: amounts falling due after more than one year 6 (35,858) (37,856)
Net assets 57,393 103,543
Capital and reserves
Called up share capital 100 100
Profit and loss account 57,293 103,443
Shareholders' funds 57,393 103,543
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
M. Dixon
Director
Approved by the board on 18 September 2024
RODLEASE VENTURES LIMITED
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 10% reducing balance
Motor vehicles 25% reducing balance
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 January 2023 23,241 76,522 99,763
At 31 December 2023 23,241 76,522 99,763
Depreciation
At 1 January 2023 4,794 19,131 23,925
Charge for the year 1,845 14,348 16,193
At 31 December 2023 6,639 33,479 40,118
Net book value
At 31 December 2023 16,602 43,043 59,645
At 31 December 2022 18,447 57,391 75,838
4 Investments
Investments in
subsidiary
undertakings
£
Cost
At 1 January 2023 1
At 31 December 2023 1
5 Creditors: amounts falling due within one year 2023 2022
£ £
Obligations under finance lease and hire purchase contracts 2,000 2,000
Directors loan account 100 100
Corporation tax - (3,393)
Other taxes and social security costs - 257
Other creditors 1,000 1,000
3,100 (36)
6 Creditors: amounts falling due after one year 2023 2022
£ £
Obligations under finance lease and hire purchase contracts 35,858 37,856
7 Loans 2023 2022
£ £
Creditors include:
Secured borrowings 37,858 39,856
The amounts owed under lease and hire purchase contracts are secured on the asset being bought.
8 Other information
RODLEASE VENTURES LIMITED is a private company limited by shares and incorporated in England.
Hazzards House
Rodlease Lane
Boldre
Lymington
SO41 5PB
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