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Registered number: 02313591

Rufus Properties Ltd

ACCOUNTS
FOR THE YEAR ENDED 30/06/2023


Rufus Properties Ltd

ACCOUNTS
FOR THE YEAR ENDED 30/06/2023
DIRECTORS
Roland J B Duce
Alexander J C Duce
Colin Andrew Gray
REGISTERED OFFICE
11a Ironmonger Street
Stamford
Lincolnshire
PE9 1PL
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 02313591

Rufus Properties Ltd

ACCOUNTS
FOR THEYEARENDED30/06/2023
CONTENTS
Page
Directors' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Rufus Properties Ltd

BALANCE SHEET AT 30/06/2023
20232022
Notes££
CURRENT ASSETS
Stock2,378,5822,378,582
Debtors42,940309,144
Cash at bank and in hand4,2838,806
2,385,8052,696,532
CREDITORS: Amounts falling due within one year5805,0171,052,188
NET CURRENT ASSETS1,580,7881,644,344
TOTAL ASSETS LESS CURRENT LIABILITIES1,580,7881,644,344
CREDITORS: Amounts falling due after more than one year61,587,8161,579,563
PROVISIONS FOR LIABILITIES AND CHARGES776,25176,251
NET LIABILITIES(83,279)(11,470)
CAPITAL AND RESERVES
Called up share capital81,0001,000
Profit and loss account(84,279)(12,470)
SHAREHOLDERS' FUNDS(83,279)(11,470)
For the year ending 30/06/2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 01/10/2024 and signed on their behalf by
.............................
Roland J B Duce
Director

Rufus Properties Ltd

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30/06/2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
2. EMPLOYEES
20232022
No.No.
Average number of employees--
3. STOCK 20232022
££
Stock comprises:
Work in progress2,378,5822,378,582
2,378,5822,378,582

Rufus Properties Ltd

4. DEBTORS 20232022
££
Amounts falling due within one year
Trade debtors(219,998)(220,000)
Trade debtors - BH-150
Trade debtors - BH Rent-300
VAT161,056
Other debtors220,546220,546
Amounts due from group companies-303,748
Prepayments2,3763,344
2,940309,144
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
UK corporation tax85,02885,028
Trade creditors5,24118,731
Other creditors - BH-32
Accruals22,02812,466
Amounts due to group companies692,720935,931
805,0171,052,188
6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20232022
££
Bank loans (secured) >1yr1,587,8161,587,816
1,587,8161,587,816
7. PROVISIONS FOR LIABILITIES 20232022
££
Deferred taxation76,25176,251
76,25176,251

Rufus Properties Ltd

8. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
1000 Ordinary shares of £1 each10001000
1,0001,000