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REGISTERED NUMBER: 00691313















Unaudited Financial Statements For The Year Ended 31 December 2023

for

R & W Holdings Limited

R & W Holdings Limited (Registered number: 00691313)






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


R & W Holdings Limited

Company Information
For The Year Ended 31 December 2023







DIRECTORS: W R Ruffler
S J Walker





REGISTERED OFFICE: 64 South Street
Epsom
Surrey
KT18 7PH





REGISTERED NUMBER: 00691313





ACCOUNTANTS: Fuller Spurling
Mill House
58 Guildford Street
Chertsey
Surrey
KT16 9BE

R & W Holdings Limited (Registered number: 00691313)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 2,200,000 2,470,000

CURRENT ASSETS
Debtors 5 3,672,285 85,145
Cash at bank 744,267 3,957,666
4,416,552 4,042,811
CREDITORS
Amounts falling due within one year 6 92,193 70,092
NET CURRENT ASSETS 4,324,359 3,972,719
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,524,359

6,442,719

PROVISIONS FOR LIABILITIES 294,486 341,918
NET ASSETS 6,229,873 6,100,801

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Retained earnings 7 6,219,873 6,090,801
6,229,873 6,100,801

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 2 October 2024 and were signed on its behalf by:



W R Ruffler - Director


R & W Holdings Limited (Registered number: 00691313)

Notes to the Financial Statements
For The Year Ended 31 December 2023

1. STATUTORY INFORMATION

R & W Holdings 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 due for the accounting period and is measured at the fair value of the consideration received or receivable excluding value added tax.

Investment property
Investment property is initially measured at cost when purchased. Thereafter it is shown at most recent valuation carried out by either independent, qualified, third parties or by the directors with their knowledge of the property market. Any aggregate surplus or deficit arising from changes in fair value is recognised in the income statement and retained earnings carried forward.

Financial instruments
Other than investment property (see above) the Company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their market valuation at the balance sheet date.

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.

R & W Holdings Limited (Registered number: 00691313)

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

2. ACCOUNTING POLICIES - continued

Debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash at bank and in hand
Cash at bank includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Creditors
Creditors, provisions and accrued costs are recognised where the company has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 3 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023 2,470,000
Disposals (270,000 )
At 31 December 2023 2,200,000
NET BOOK VALUE
At 31 December 2023 2,200,000
At 31 December 2022 2,470,000

Fair value at 31 December 2023 is represented by:
£   
Valuation in 2021 2,200,000

Investment properties were revalued at 31st December 2021 in line with the policies adopted. The directors consider this to still be a reasonable valuation.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 6,875 18,625
Other debtors 3,654,800 56,361
VAT 8,059 9,589
Prepayments 2,551 570
3,672,285 85,145

R & W Holdings Limited (Registered number: 00691313)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors - 2,811
Corporation tax 74,489 38,486
Other creditors - 6,188
Deferred income 6,874 17,876
Accrued expenses 10,830 4,731
92,193 70,092

7. RESERVES
Retained
earnings
£   

At 1 January 2023 6,090,801
Profit for the year 81,640
Deferred tax on investment
property gains in the year 47,432
At 31 December 2023 6,219,873