IRIS Accounts Production v24.2.0.383 13887943 Board of Directors 1.1.23 31.12.23 31.12.23 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh138879432022-12-31138879432023-12-31138879432023-01-012023-12-31138879432022-02-01138879432022-02-022022-12-31138879432022-12-3113887943ns15:EnglandWales2023-01-012023-12-3113887943ns14:PoundSterling2023-01-012023-12-3113887943ns10:Director12023-01-012023-12-3113887943ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3113887943ns10:SmallEntities2023-01-012023-12-3113887943ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3113887943ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3113887943ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3113887943ns10:FullAccounts2023-01-012023-12-3113887943ns10:Director22023-01-012023-12-3113887943ns10:RegisteredOffice2023-01-012023-12-3113887943ns5:CurrentFinancialInstruments2023-12-3113887943ns5:CurrentFinancialInstruments2022-12-3113887943ns5:Non-currentFinancialInstruments2023-12-3113887943ns5:Non-currentFinancialInstruments2022-12-3113887943ns5:ShareCapital2023-12-3113887943ns5:ShareCapital2022-12-3113887943ns5:FurtherSpecificReserve3ComponentTotalEquity2023-12-3113887943ns5:FurtherSpecificReserve3ComponentTotalEquity2022-12-3113887943ns5:RetainedEarningsAccumulatedLosses2023-12-3113887943ns5:RetainedEarningsAccumulatedLosses2022-12-3113887943ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-3113887943ns5:WithinOneYearns5:CurrentFinancialInstruments2022-12-3113887943ns5:Secured2023-12-3113887943ns5:Secured2022-12-31
REGISTERED NUMBER: 13887943 (England and Wales)















R & C WAREHOUSING LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 DECEMBER 2023






R & C WAREHOUSING LTD (REGISTERED NUMBER: 13887943)

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 to 4


R & C WAREHOUSING LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: R Bryant
C W Sleath-Whymark





REGISTERED OFFICE: Unit 5 Fieldgate Buildings
Haven Road
Colchester
Essex
CO2 8HT





REGISTERED NUMBER: 13887943 (England and Wales)

R & C WAREHOUSING LTD (REGISTERED NUMBER: 13887943)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £   
FIXED ASSETS
Investment property 4 385,684 315,684

CURRENT ASSETS
Debtors 5 100 61,050
Cash at bank 151 735
251 61,785
CREDITORS
Amounts falling due within one year 6 (119,762 ) (176,308 )
NET CURRENT LIABILITIES (119,511 ) (114,523 )
TOTAL ASSETS LESS CURRENT LIABILITIES 266,173 201,161

CREDITORS
Amounts falling due after more than one year 7 (199,569 ) (207,727 )

PROVISIONS FOR LIABILITIES (9,656 ) -
NET ASSETS/(LIABILITIES) 56,948 (6,566 )

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 59,680 -
Retained earnings (2,832 ) (6,666 )
56,948 (6,566 )

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 23 September 2024 and were signed on its behalf by:





R Bryant - Director


R & C WAREHOUSING LTD (REGISTERED NUMBER: 13887943)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

R & C Warehousing 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.

For the purposes of presentation the financial statements have been rounded to the nearest 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.

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

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.

Financial instruments
Basic financial instruments are recognised at amortised cost.

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 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023 315,684
Revaluations 70,000
At 31 December 2023 385,684
NET BOOK VALUE
At 31 December 2023 385,684
At 31 December 2022 315,684

At the end of the accounting period the open market values of investment properties were considered by the directors and adjusted accordingly. The historic cost of the investment properties was £315,684.

R & C WAREHOUSING LTD (REGISTERED NUMBER: 13887943)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


4. INVESTMENT PROPERTY - continued

Fair value at 31 December 2023 is represented by:
£   
Valuation in 2023 70,000
Cost 315,684
385,684

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 100 61,050

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 8,157 6,149
Trade creditors 600 -
Amounts owed to group undertakings 109,559 109,559
Taxation and social security 921 -
Other creditors 525 60,600
119,762 176,308

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 199,569 207,727

Amounts falling due in more than five years:

Repayable by instalments
Bank loans > 5 years 166,939 183,130

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 207,726 213,876

The bank loan is secured by way of a fixed and floating charge in favour Barclays Security Trustee Ltd.