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REGISTERED NUMBER: 00409528 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Rutherford Construction Company Limited

Rutherford Construction Company Limited (Registered number: 00409528)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Rutherford Construction Company Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Mrs M K Rutherford
Mr G N Rutherford





SECRETARY: Mrs M K Rutherford





REGISTERED OFFICE: Rutherford Business Park
Marley Lane
Battle
East Sussex
TN33 0TY





REGISTERED NUMBER: 00409528 (England and Wales)





ACCOUNTANTS: McCabe Ford Williams
Bank Chambers
61 High Street
Cranbrook
Kent
TN17 3EG

Rutherford Construction Company Limited (Registered number: 00409528)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,235 4,704
Investment property 5 2,500,000 2,500,000
2,503,235 2,504,704

CURRENT ASSETS
Debtors 6 20,905 24,840
Cash at bank 412 9,340
21,317 34,180
CREDITORS
Amounts falling due within one year 7 72,819 79,165
NET CURRENT LIABILITIES (51,502 ) (44,985 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,451,733

2,459,719

PROVISIONS FOR LIABILITIES 507,581 507,581
NET ASSETS 1,944,152 1,952,138

CAPITAL AND RESERVES
Called up share capital 8 8,004 8,004
Share premium 178,398 178,398
Capital redemption reserve 18,250 18,250
Special reserve 34,500 34,500
Fair value reserve 1,848,142 1,848,142
Retained earnings (143,142 ) (135,156 )
SHAREHOLDERS' FUNDS 1,944,152 1,952,138

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.

Rutherford Construction Company Limited (Registered number: 00409528)

Balance Sheet - continued
31 December 2023


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 26 September 2024 and were signed on its behalf by:





Mr G N Rutherford - Director


Rutherford Construction Company Limited (Registered number: 00409528)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Rutherford Construction Company 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.

Turnover
Turnover represents rent receivable under short lease agreements.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on cost
Fixtures, fittings & equipment - 15% on cost
Motor vehicles - 25% on cost

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.


Rutherford Construction Company Limited (Registered number: 00409528)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

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.

Going concern
The company has continued the process of marketing the property but no formal offers are currently in place for the sale of the site. As noted previously, the process of marketing and selling property is often slow and brings material uncertainties that may cast significant doubt on the entity's ability to continue as a going concern for the foreseeable future. Therefore, the company might be unable to realise its assets and discharge its liabilities in the normal course of business. The directors and shareholders have shown a willingness to continue to support the company financially for the foreseeable future.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures,
Plant and fittings Motor
machinery & equipment vehicles Totals
£    £    £    £   
COST
At 1 January 2023
and 31 December 2023 1,840 10,176 3,000 15,016
DEPRECIATION
At 1 January 2023 460 9,727 125 10,312
Charge for year 360 359 750 1,469
At 31 December 2023 820 10,086 875 11,781
NET BOOK VALUE
At 31 December 2023 1,020 90 2,125 3,235
At 31 December 2022 1,380 449 2,875 4,704

Rutherford Construction Company Limited (Registered number: 00409528)

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 2,500,000
NET BOOK VALUE
At 31 December 2023 2,500,000
At 31 December 2022 2,500,000

Fair value at 31 December 2023 is represented by:
£   
Valuation in 2018 1,500,000
Valuation in 2019 (500,000 )
Valuation in 2021 1,500,000
2,500,000

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

31.12.23 31.12.22
£    £   
Cost 144,277 144,277

The investment property was valued on an open market basis on 31 December 2022 by the directors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 17,405 17,405
Other debtors 3,500 7,435
20,905 24,840

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 2,044 1,780
Amounts owed to group undertakings 36,381 36,381
Other creditors 34,394 41,004
72,819 79,165

Rutherford Construction Company Limited (Registered number: 00409528)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
16,008 Ordinary shares £0.50 8,004 8,004