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Registration number: 00325191

Rupert Crew Limited

Annual Report and Unaudited Financial Statements
Year Ended 31 March 2024

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Chartered Accountants

 

Rupert Crew Limited

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3

Notes to the Unaudited Financial Statements

4 to 8

 

Rupert Crew Limited

Company Information

Directors

Ms C E G Montgomery

Mr F Oswin

Company secretary

Ms C E G Montgomery

Registered office

"Southgate"
7 Linden Avenue
Dorchester
Dorset
DT1 1EJ

Accountants

Edwards & Keeping
Unity Chambers
34 High East Street
Dorchester
Dorset
DT1 1HA

 

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Rupert Crew Limitedfor the Year Ended 31 March 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Rupert Crew Limited for the year ended 31 March 2024 as set out on pages 3 to 8 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Rupert Crew Limited, as a body, in accordance with the terms of our engagement letter dated 15 February 2019. Our work has been undertaken solely to prepare for your approval the accounts of Rupert Crew Limited and state those matters that we have agreed to state to the Board of Directors of Rupert Crew Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Rupert Crew Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Rupert Crew Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Rupert Crew Limited. You consider that Rupert Crew Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Rupert Crew Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.






Edwards & Keeping
Unity Chambers
34 High East Street
Dorchester
Dorset
DT1 1HA

27 September 2024

 

Rupert Crew Limited

(Registration number: 00325191)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

3,325

4,610

Other financial assets

5

240,214

260,430

 

243,539

265,040

Current assets

 

Debtors

6

224

4,326

Cash at bank and in hand

 

65,565

57,599

 

65,789

61,925

Creditors: Amounts falling due within one year

7

(71,654)

(53,642)

Net current (liabilities)/assets

 

(5,865)

8,283

Net assets

 

237,674

273,323

Capital and reserves

 

Called up share capital

8

100

100

Revaluation reserve

8,834

35,160

Retained earnings

228,740

238,063

Shareholders' funds

 

237,674

273,323

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their 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 directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 11 September 2024 and signed on its behalf by:
 



Ms C E G Montgomery
Company secretary and director

 

Rupert Crew Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 March 2024

1

General information

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

The address of its registered office is:
"Southgate"
7 Linden Avenue
Dorchester
Dorset
DT1 1EJ

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.
The company had net current liabilities at the balance sheet date and the directors will continue to support the company in meeting its debts as and when they fall due.

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 tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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.

 

Rupert Crew Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 March 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

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.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Furniture and equipment

20% reducing balance basis

Computer equipment

33% straight line basis

Motor vehicles

25% reducing balance basis

Investments

Investment bonds are measured at fair value by reference to using surrender values for fair value.

Interest income on debt securities, where applicable, is recognised in income using the effective interest method.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

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.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

 

Rupert Crew Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 March 2024

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments


Classification
Financial instruments that are debt instruments are included within debtors and cash at bank and in hand.
Other financial assets includes investment bonds.
Financial liabilities are included under creditors.

 
Recognition and measurement
Financial instruments that are debt instruments are measured at amortised cost.
Investment bonds included within other financial assets are measured at fair value, with fair value being calculated by reference to surrender value.
Financial liabilities are included at amortised cost.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost

At 1 April 2023

24,501

15,570

40,071

At 31 March 2024

24,501

15,570

40,071

Depreciation

At 1 April 2023

23,586

11,875

35,461

Charge for the year

361

924

1,285

At 31 March 2024

23,947

12,799

36,746

Carrying amount

At 31 March 2024

554

2,771

3,325

At 31 March 2023

915

3,695

4,610

 

Rupert Crew Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 March 2024

5

Other financial assets (current and non-current)

Financial assets at fair value through profit and loss
£

Non-current financial assets

Valuation

At 1 April 2023

260,430

Fair value adjustments

7,604

Disposals

(27,820)

At 31 March 2024

240,214

Carrying amount

At 31 March 2024

240,214

At 31 March 2023

260,430

6

Debtors

Current

2024
£

2023
£

Prepayments

224

1,459

Other debtors

-

2,867

 

224

4,326

 

Rupert Crew Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 March 2024

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

1,504

2,274

Accruals and deferred income

6,695

2,497

Other creditors

63,455

48,871

71,654

53,642

8

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100

         

9

Financial instruments

Categorisation of financial instruments

2024
 £

2023
 £

Financial assets measured at fair value through profit or loss

240,214

260,430

 

240,214

260,430

Financial liabilities measured at amortised cost

(64,959)

(51,145)

Financial assets measured at fair value

Investment bonds
Investment bonds are recorded at fair value by reference to their surrender value.

The fair value is £240,214 (2023 - £260,430) and the change in value included in profit or loss is £7,604 (2023 - £(9,339)).