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REGISTERED NUMBER: 13182795 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

RT&C (Strood) Limited

RT&C (Strood) Limited (Registered number: 13182795)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RT&C (Strood) Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: P Thakrar
D Thakrar





REGISTERED OFFICE: 6 Mill Close
Birstall
Leicester
LE4 4EN





REGISTERED NUMBER: 13182795 (England and Wales)





ACCOUNTANTS: torr waterfield
Park House
37 Clarence Street
Leicester
Leicestershire
LE1 3RW

RT&C (Strood) Limited (Registered number: 13182795)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,323 1,685
Investment property 5 2,755,000 2,755,000
2,756,323 2,756,685

CURRENT ASSETS
Debtors 6 13,197 8,492
Cash at bank 104,560 22,365
117,757 30,857
CREDITORS
Amounts falling due within one year 7 (75,769 ) (16,163 )
NET CURRENT ASSETS 41,988 14,694
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,798,311

2,771,379

PROVISIONS FOR LIABILITIES (14,081 ) (10,770 )
NET ASSETS 2,784,230 2,760,609

CAPITAL AND RESERVES
Called up share capital 2,700,100 2,700,100
Fair value reserve 41,250 44,550
Retained earnings 42,880 15,959
2,784,230 2,760,609

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

RT&C (Strood) Limited (Registered number: 13182795)

Balance Sheet - continued
31 March 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 July 2024 and were signed on its behalf by:





D Thakrar - Director


RT&C (Strood) Limited (Registered number: 13182795)

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

1. STATUTORY INFORMATION

RT&C (Strood) 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover comprises revenue recognised by the company in respect of rents receivable. Revenue is recognised in the period to which it relates.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures & equipment - 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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

3. EMPLOYEES AND DIRECTORS

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

RT&C (Strood) Limited (Registered number: 13182795)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Fixtures
& equipment
£   
COST
At 1 April 2023
and 31 March 2024 1,808
DEPRECIATION
At 1 April 2023 123
Charge for year 362
At 31 March 2024 485
NET BOOK VALUE
At 31 March 2024 1,323
At 31 March 2023 1,685

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 2,755,000
NET BOOK VALUE
At 31 March 2024 2,755,000
At 31 March 2023 2,755,000

In the opinion of the directors the fair value of the investment properties at 31 March 2024 was £2,755,000 (2023: £2,755,000).


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 13,197 8,492

Other debtors include prepayments and accrued income of £13,197 (2023 £8,492).

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Taxation and social security 6,929 7,349
Other creditors 68,840 8,814
75,769 16,163

Other creditors include accruals and deferred income of £14,820 (2023 £8,770).

RT&C (Strood) Limited (Registered number: 13182795)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
D Thakrar and P Thakrar
Balance outstanding at start of year - -
Amounts advanced - 9,908
Amounts repaid - (9,908 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

The amounts advanced were interest free and repayable on demand.