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REGISTERED NUMBER: 01517266 (England and Wales)















Financial Statements

for the Year Ended 31 December 2023

for

RUBICON LIMITED

RUBICON LIMITED (REGISTERED NUMBER: 01517266)

Contents of the Financial Statements
for the Year Ended 31 December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RUBICON LIMITED

Company Information
for the Year Ended 31 December 2023







DIRECTORS: G P Elsley
R E Elsley





SECRETARY: R E Elsley





REGISTERED OFFICE: 4 Manor Drive
Farnley Tyas
Huddersfield
HD4 6AQ





REGISTERED NUMBER: 01517266 (England and Wales)





ACCOUNTANTS: Rawse, Varley & Co
Chartered Accountants
Lloyds Bank Chambers
Hustlergate
Bradford
BD1 1UQ

RUBICON LIMITED (REGISTERED NUMBER: 01517266)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 19,931 63,540

CURRENT ASSETS
Debtors 5 6,858 44,498
Investments 6 788,718 -
Cash at bank 180,698 1,219,107
976,274 1,263,605
CREDITORS
Amounts falling due within one year 7 8,540 164,140
NET CURRENT ASSETS 967,734 1,099,465
TOTAL ASSETS LESS CURRENT
LIABILITIES

987,665

1,163,005

CREDITORS
Amounts falling due after more than one
year

8

-

(29,098

)

PROVISIONS FOR LIABILITIES (1,204 ) (12,075 )
NET ASSETS 986,461 1,121,832

CAPITAL AND RESERVES
Called up share capital 18,200 18,200
Capital redemption reserve 9 1,800 1,800
Retained earnings 9 966,461 1,101,832
SHAREHOLDERS' FUNDS 986,461 1,121,832

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.

RUBICON LIMITED (REGISTERED NUMBER: 01517266)

Balance Sheet - continued
31 December 2023


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 16 October 2024 and were signed on its behalf by:





G P Elsley - Director


RUBICON LIMITED (REGISTERED NUMBER: 01517266)

Notes to the Financial Statements
for the Year Ended 31 December 2023


1. STATUTORY INFORMATION

Rubicon 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 represents the invoice value of goods and services supplied, less returns, excluding value added tax.

Tangible fixed assets
Fixed assets are stated at cost less depreciation.

Depreciation is calculated to write off the assets to their estimated residual values by the end of the useful lives at the following annual rates:

Plant and equipment - 20% of cost
Motor vehicles - 20% of cost

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.

Pension contributions
The company makes contributions to a company defined contribution pension scheme and to employees' personal pension schemes. The contributions are charged to profit and loss account as they are incurred.

Investments
Investments are stated at fair value. In the case of investments traded on a recognised stock exchange fair value is determined by reference to quoted bid prices.

Changes in the valuation of investments are taken to profit and loss account in the income statement.

RUBICON LIMITED (REGISTERED NUMBER: 01517266)

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


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - 5 ).

4. TANGIBLE FIXED ASSETS
Plant,
equipment
and
vehicles
£   
COST
At 1 January 2023 85,807
Disposals (49,590 )
At 31 December 2023 36,217
DEPRECIATION
At 1 January 2023 22,267
Charge for year 14,666
Eliminated on disposal (20,647 )
At 31 December 2023 16,286
NET BOOK VALUE
At 31 December 2023 19,931
At 31 December 2022 63,540


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 38,956
Prepayments and accrued income 6,858 5,542
6,858 44,498

6. CURRENT ASSET INVESTMENTS
2023 2022
£    £   
Investments 754,258 -
Funds held by investment
managers 34,460 -
788,718 -

RUBICON LIMITED (REGISTERED NUMBER: 01517266)

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


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts - 9,788
Trade creditors - 547
Corporation tax - 104,656
Social security and other taxes - 42,870
Accruals and deferred income 8,540 6,279
8,540 164,140

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 1-5 years - 29,098

9. RESERVES
Capital
Retained redemption
earnings reserve Totals
£    £    £   

At 1 January 2023 1,101,832 1,800 1,103,632
Profit for the year 25,129 25,129
Dividends (160,500 ) (160,500 )
At 31 December 2023 966,461 1,800 968,261

10. RELATED PARTY DISCLOSURES

The directors received dividends of £85,000 (2022- £99,600) during the year.