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REGISTERED NUMBER: 11369750 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024

FOR

RUBYCOURT LTD

RUBYCOURT LTD (REGISTERED NUMBER: 11369750)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RUBYCOURT LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: S M Ganatra
S G Ganatra





SECRETARY: S G Ganatra





REGISTERED OFFICE: 115 Elmers End Road
Beckenham
Kent
BR3 4SY





REGISTERED NUMBER: 11369750 (England and Wales)





ACCOUNTANTS: Ashfords Partnership LLP
114 - 116 Goodmayes Road
Ilford
Essex
IG3 9UZ

RUBYCOURT LTD (REGISTERED NUMBER: 11369750)

BALANCE SHEET
31 MAY 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,078 1,268
Investment property 5 1,952,619 1,952,619
1,953,697 1,953,887

CURRENT ASSETS
Debtors 6 129,346 2,693
Cash at bank and in hand 24,600 33,966
153,946 36,659
CREDITORS
Amounts falling due within one year 7 42,245 3,546
NET CURRENT ASSETS 111,701 33,113
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,065,398

1,987,000

CREDITORS
Amounts falling due after more than one year 8 1,994,045 2,028,713
NET ASSETS/(LIABILITIES) 71,353 (41,713 )

CAPITAL AND RESERVES
Called up share capital 9 4 4
Retained earnings 10 71,349 (41,717 )
SHAREHOLDERS' FUNDS 71,353 (41,713 )

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

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

RUBYCOURT LTD (REGISTERED NUMBER: 11369750)

BALANCE SHEET - continued
31 MAY 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 5 November 2024 and were signed on its behalf by:





S M Ganatra - Director


RUBYCOURT LTD (REGISTERED NUMBER: 11369750)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024


1. STATUTORY INFORMATION

Rubycourt Ltd 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 15% on cost

Investment property
Investment property value is disclosed at 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.

Going concern
The accounts have been prepared on going concern basis which assumes that the company will continue to receive adequate financial assistance from the Directors, Bankers, other creditors.

RUBYCOURT LTD (REGISTERED NUMBER: 11369750)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 June 2023
and 31 May 2024 4,008
DEPRECIATION
At 1 June 2023 2,740
Charge for year 190
At 31 May 2024 2,930
NET BOOK VALUE
At 31 May 2024 1,078
At 31 May 2023 1,268

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2023
and 31 May 2024 1,952,619
NET BOOK VALUE
At 31 May 2024 1,952,619
At 31 May 2023 1,952,619

6. DEBTORS
31.5.24 31.5.23
£    £   
Amounts falling due within one year:
Other debtors - 2,693

Amounts falling due after more than one year:
Amounts owed by associates 129,346 -

Aggregate amounts 129,346 2,693

RUBYCOURT LTD (REGISTERED NUMBER: 11369750)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Taxation and social security 21,626 -
Other creditors 20,619 3,546
42,245 3,546

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 31.5.23
£    £   
Other creditors 1,994,045 2,028,713

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.24 31.5.23
value: £    £   
4 Ordinary 1 4 4

10. RESERVES
Retained
earnings
£   

At 1 June 2023 (41,717 )
Profit for the year 113,066
At 31 May 2024 71,349

11. RELATED PARTY DISCLOSURES

As at 31st May 2024, the company owed the director Mr S M Ganatra £1,994,045 (2023: £2,2028,713). This is a loan given to the company.

12. ULTIMATE CONTROLLING PARTY

The Company is jointly controlled by Mr S M Ganatra and Mrs S Ganatra, by virtue of their shareholdings as at 31 May 2024.