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REGISTERED NUMBER: 00586703 (England and Wales)
























Unaudited Financial Statements

for the Year Ended 30 June 2024

for

R.S.PORTER(CONTRACTORS)LIMITED

R.S.PORTER(CONTRACTORS)LIMITED (REGISTERED NUMBER: 00586703)






Contents of the Financial Statements
for the year ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


R.S.PORTER(CONTRACTORS)LIMITED

Company Information
for the year ended 30 June 2024







DIRECTORS: Mrs I M Porter
M R Porter
N A Porter





SECRETARY: Mrs I M Porter





REGISTERED OFFICE: Unit 14
Hoddesdon Enterprise Centre
Pindar Road
Hoddesdon
Hertfordshire
EN11 0FJ





REGISTERED NUMBER: 00586703 (England and Wales)





ACCOUNTANTS: Trevor Jones & Partners Ltd
Unit 14
Hoddesdon Enterprise Centre
Pindar Road
Hoddesdon
Hertfordshire
EN11 0FJ

R.S.PORTER(CONTRACTORS)LIMITED (REGISTERED NUMBER: 00586703)

Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1 1
Investment property 5 1,500,000 1,500,000
1,500,001 1,500,001

CURRENT ASSETS
Debtors 6 18,692 4,837
Cash at bank 469,624 475,534
488,316 480,371
CREDITORS
Amounts falling due within one year 7 137,544 135,020
NET CURRENT ASSETS 350,772 345,351
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,850,773

1,845,352

PROVISIONS FOR LIABILITIES 240,970 240,970
NET ASSETS 1,609,803 1,604,382

CAPITAL AND RESERVES
Called up share capital 2,000 2,000
Retained earnings 8 1,607,803 1,602,382
SHAREHOLDERS' FUNDS 1,609,803 1,604,382

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 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.

R.S.PORTER(CONTRACTORS)LIMITED (REGISTERED NUMBER: 00586703)

Balance Sheet - continued
30 June 2024


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 28 August 2024 and were signed on its behalf by:





N A Porter - Director


R.S.PORTER(CONTRACTORS)LIMITED (REGISTERED NUMBER: 00586703)

Notes to the Financial Statements
for the year ended 30 June 2024

1. STATUTORY INFORMATION

R.S.Porter(Contractors)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 gross rents receivable.


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 etc - 20% 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023
and 30 June 2024 4,096
DEPRECIATION
At 1 July 2023
and 30 June 2024 4,095
NET BOOK VALUE
At 30 June 2024 1
At 30 June 2023 1

R.S.PORTER(CONTRACTORS)LIMITED (REGISTERED NUMBER: 00586703)

Notes to the Financial Statements - continued
for the year ended 30 June 2024

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023
and 30 June 2024 1,500,000
NET BOOK VALUE
At 30 June 2024 1,500,000
At 30 June 2023 1,500,000

Fair value at 30 June 2024 is represented by:
£   
Valuation in 2017 500,000
Valuation in 2010 917,468
Cost 82,532
1,500,000

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

2024 2023
£    £   
Cost 82,532 82,532

Investment property was valued on an open market basis on 30 June 2018 by the directors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 15,406 -
Other debtors 3,286 4,837
18,692 4,837

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors - 1
Taxation and social security 11,616 15,284
Other creditors 125,928 119,735
137,544 135,020

R.S.PORTER(CONTRACTORS)LIMITED (REGISTERED NUMBER: 00586703)

Notes to the Financial Statements - continued
for the year ended 30 June 2024

8. RESERVES

The retained earnings reserve contains the following components:

Retained profit
and loss

Revaluation
reserve
££
At 1 July 2023425,8841,176,498
Profit for the year45,421-
Dividend paid(40,000)-
Revaluation in year--
Deferred tax provision on revaluation--
At 30 June 2024431,3051,176,498

9. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party of the company.