Rook Residential Property Ltd 14637483 false 2023-02-03 2024-02-29 2024-02-29 The principal activity of the company is letting of residential property. Digita Accounts Production Advanced 6.30.9574.0 true true 14637483 2023-02-03 2024-02-29 14637483 2024-02-29 14637483 bus:OrdinaryShareClass1 bus:CumulativeShares 2024-02-29 14637483 bus:OrdinaryShareClass2 bus:CumulativeShares 2024-02-29 14637483 core:CurrentFinancialInstruments core:WithinOneYear 2024-02-29 14637483 core:Non-currentFinancialInstruments core:AfterOneYear 2024-02-29 14637483 bus:SmallEntities 2023-02-03 2024-02-29 14637483 bus:AuditExemptWithAccountantsReport 2023-02-03 2024-02-29 14637483 bus:FilletedAccounts 2023-02-03 2024-02-29 14637483 bus:SmallCompaniesRegimeForAccounts 2023-02-03 2024-02-29 14637483 bus:RegisteredOffice 2023-02-03 2024-02-29 14637483 bus:Director1 2023-02-03 2024-02-29 14637483 bus:Director2 2023-02-03 2024-02-29 14637483 bus:OrdinaryShareClass1 bus:CumulativeShares 2023-02-03 2024-02-29 14637483 bus:OrdinaryShareClass2 bus:CumulativeShares 2023-02-03 2024-02-29 14637483 bus:PrivateLimitedCompanyLtd 2023-02-03 2024-02-29 14637483 countries:EnglandWales 2023-02-03 2024-02-29 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 14637483

Rook Residential Property Ltd

Unaudited Filleted Abridged Financial Statements

for the Period from 3 February 2023 to 29 February 2024

 

Rook Residential Property Ltd

Contents

Company Information

1

Abridged Balance Sheet

2 to 3

Notes to the Unaudited Abridged Financial Statements

4 to 6

 

Rook Residential Property Ltd

Company Information

Directors

Mrs C Z Rook

Mr J E Rook

Registered office

53 Ringlet Drive
Newcastle Upon Tyne
NE13 9EL

Accountants

McManus Hall Ltd
C11 Marquis Court
Team Valley
Gateshead
Tyne and Wear
NE11 0RU

 

Rook Residential Property Ltd

(Registration number: 14637483)
Abridged Balance Sheet as at 29 February 2024

Note

2024
£

Fixed assets

 

Investment property

1,289,656

Current assets

 

Cash at bank and in hand

 

8,988

Creditors: Amounts falling due within one year

(401,141)

Net current liabilities

 

(392,153)

Total assets less current liabilities

 

897,503

Creditors: Amounts falling due after more than one year

(919,401)

Accruals and deferred income

 

(1,080)

Net liabilities

 

(22,978)

Capital and reserves

 

Called up share capital

5

100

Retained earnings

(23,078)

Shareholders' deficit

 

(22,978)

For the financial period ending 29 February 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 period 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.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) 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.

 

Rook Residential Property Ltd

(Registration number: 14637483)
Abridged Balance Sheet as at 29 February 2024

Approved and authorised by the Board on 23 October 2024 and signed on its behalf by:
 

.........................................

Mr J E Rook

Director

 

Rook Residential Property Ltd

Notes to the Unaudited Abridged Financial Statements for the Period from 3 February 2023 to 29 February 2024

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:
53 Ringlet Drive
Newcastle Upon Tyne
NE13 9EL
United Kingdom

These financial statements were authorised for issue by the Board on 23 October 2024.

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 abridged 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 abridged 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 directors loan account, included on other creditors, totalled £400,891 on 29th February 2024. The directors confirm that this will not be drawn to the detriment of any other creditors. The accounts have therefore 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.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

 

Rook Residential Property Ltd

Notes to the Unaudited Abridged Financial Statements for the Period from 3 February 2023 to 29 February 2024

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

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.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

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 directors) during the period, was 2.

4

Debtors

Debtors includes £Nil due after more than one year.

5

Share capital

Allotted, called up and fully paid shares

 

Rook Residential Property Ltd

Notes to the Unaudited Abridged Financial Statements for the Period from 3 February 2023 to 29 February 2024

2024

No.

£

Ordinary A of £1 each

90

90

Ordinary B of £1 each

10

10

100

100