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Registration number: 12902507

Ruddington Apartments Ltd

Annual Report and Financial Statements

for the Year Ended 31 December 2023

 

Ruddington Apartments Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Ruddington Apartments Ltd

Company Information

Director

Mr Paul Hearn

Registered office

2 Cheapside
Derby
Derbyshire
DE1 1BR

Accountants

The TAX Partnership
2 Cheapside
Derby
Derbyshire
DE1 1BR

 

Ruddington Apartments Ltd

(Registration number: 12902507)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

508,662

508,662

Current assets

 

Cash at bank and in hand

 

1

1

Creditors: Amounts falling due within one year

5

(610,550)

(610,550)

Net current liabilities

 

(610,549)

(610,549)

Net liabilities

 

(101,887)

(101,887)

Capital and reserves

 

Called up share capital

6

1

1

Retained earnings

(101,888)

(101,888)

Shareholders' deficit

 

(101,887)

(101,887)

For the financial year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 25 September 2024
 

.........................................
Mr Paul Hearn
Director

 

Ruddington Apartments Ltd

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

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
2 Cheapside
Derby
Derbyshire
DE1 1BR
England

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Ruddington Apartments Ltd

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

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

4

Tangible assets

Land and buildings
£

Properties under construction
 £

Total
£

Cost or valuation

At 1 January 2023

508,662

508,662

1,017,324

Transfers

-

(508,662)

(508,662)

At 31 December 2023

508,662

-

508,662

Depreciation

Carrying amount

At 31 December 2023

508,662

-

508,662

At 31 December 2022

-

508,662

508,662

Included within the net book value of land and buildings above is £508,662 (2022 - £Nil) in respect of freehold land and buildings.
 

 

Ruddington Apartments Ltd

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

5

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Amounts owed to group undertakings and undertakings in which the company has a participating interest

7

597,478

597,478

Accruals and deferred income

 

552

552

Other creditors

 

12,520

12,520

 

610,550

610,550

6

Share capital

Allotted, called up and fully paid shares

2023

2022

No.

£

No.

£

Ordinary of £1 each

1

1

1

1

       
 

Ruddington Apartments Ltd

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

7

Related party transactions

Loans from related parties

2023

Other related parties
£

Total
£

At start of period

597,478

597,478

At end of period

597,478

597,478

2022

Other related parties
£

Total
£

At start of period

605,432

605,432

Advanced

61,331

61,331

Repaid

(69,285)

(69,285)

At end of period

597,478

597,478