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REGISTERED NUMBER: 00311775 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

Runwick Properties Limited

Runwick Properties Limited (Registered number: 00311775)






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


Runwick Properties Limited

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Mrs M D Doyle
M J Patrick
A J Patrick





REGISTERED OFFICE: Sherwood House
41 Queens Road
Farnborough
Hampshire
GU14 6JP





REGISTERED NUMBER: 00311775 (England and Wales)





ACCOUNTANTS: Jones & Co
Sherwood House
41 Queens Road
Farnborough
Hants
GU14 6JP

Runwick Properties Limited (Registered number: 00311775)

BALANCE SHEET
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investment property 5 5,232,500 5,232,500
5,232,500 5,232,500

CURRENT ASSETS
Debtors 6 4,588 3,228
Cash at bank 22,789 24,130
27,377 27,358
CREDITORS
Amounts falling due within one year 7 198,274 188,193
NET CURRENT LIABILITIES (170,897 ) (160,835 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,061,603

5,071,665

PROVISIONS FOR LIABILITIES 526,546 526,546
NET ASSETS 4,535,057 4,545,119

CAPITAL AND RESERVES
Called up share capital 2,000 2,000
Fair Value Reserve 8 4,535,717 4,535,717
Capital redemption reserve 10 10
Retained earnings (2,670 ) 7,392
SHAREHOLDERS' FUNDS 4,535,057 4,545,119

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 18 September 2024 and were signed on its behalf by:





M J Patrick - Director


Runwick Properties Limited (Registered number: 00311775)

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

1. STATUTORY INFORMATION

Runwick 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.

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 represents rental income which is recognised according to the terms of tenancies.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost
Office equipment - 20% on cost

Investment property
Investment property is shown at its most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is an unrealised gain or loss transferred to a fair value reserve which is undistributable.

Taxation
Taxation for the year comprises current tax recognised as 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 fair value adjustments to the valuation of investment properties.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Office
fittings equipment Totals
£    £    £   
COST
At 1 January 2023
and 31 December 2023 15,345 3,089 18,434
DEPRECIATION
At 1 January 2023
and 31 December 2023 15,345 3,089 18,434
NET BOOK VALUE
At 31 December 2023 - - -
At 31 December 2022 - - -

Runwick Properties Limited (Registered number: 00311775)

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

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023
and 31 December 2023 5,232,500
NET BOOK VALUE
At 31 December 2023 5,232,500
At 31 December 2022 5,232,500

Fair value at 31 December 2023 is represented by:
£   
Valuation in 1999 3,829,800
Valuation in 2002 1,250,000
Valuation in 2009 (130,000 )
Valuation in 2017 1,247,005
Valuation in 2019 (1,170,051 )
Cost 205,746
5,232,500

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

31.12.23 31.12.22
£    £   
Cost 205,746 205,746

Investment properties were valued on an open market basis on 31 December 2023 by one of the directors, M J Patrick MRICS .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 4,588 3,228

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 45,820 45,818
Taxation and social security 49,828 39,185
Other creditors 102,626 103,190
198,274 188,193

8. RESERVES
Fair
Value
Reserve
£   
At 1 January 2023
and 31 December 2023 4,535,717