Runnymede Estates Limited 02909023 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is that of renting property Digita Accounts Production Advanced 6.30.9574.0 true true 02909023 2023-04-01 2024-03-31 02909023 2024-03-31 02909023 core:CurrentFinancialInstruments 2024-03-31 02909023 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 02909023 core:Non-currentFinancialInstruments core:AfterOneYear 2024-03-31 02909023 core:FurnitureFittingsToolsEquipment 2024-03-31 02909023 core:LandBuildings 2024-03-31 02909023 1 2024-03-31 02909023 bus:SmallEntities 2023-04-01 2024-03-31 02909023 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 02909023 bus:FilletedAccounts 2023-04-01 2024-03-31 02909023 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 02909023 bus:RegisteredOffice 2023-04-01 2024-03-31 02909023 bus:CompanySecretaryDirector1 2023-04-01 2024-03-31 02909023 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 02909023 core:FurnitureFittingsToolsEquipment 2023-04-01 2024-03-31 02909023 core:LandBuildings 2023-04-01 2024-03-31 02909023 countries:EnglandWales 2023-04-01 2024-03-31 02909023 1 2023-04-01 2024-03-31 02909023 2023-03-31 02909023 core:FurnitureFittingsToolsEquipment 2023-03-31 02909023 core:LandBuildings 2023-03-31 02909023 1 2023-03-31 02909023 2022-04-01 2023-03-31 02909023 2023-03-31 02909023 core:CurrentFinancialInstruments 2023-03-31 02909023 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 02909023 core:Non-currentFinancialInstruments core:AfterOneYear 2023-03-31 02909023 core:FurnitureFittingsToolsEquipment 2023-03-31 02909023 core:LandBuildings 2023-03-31 02909023 1 2023-03-31 02909023 core:RevaluationReserve 2022-04-01 2023-03-31 02909023 1 2022-04-01 2023-03-31 02909023 1 2022-03-31 iso4217:GBP xbrli:pure

Registration number: 02909023

Runnymede Estates Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

Runnymede Estates Limited

(Registration number: 02909023)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

100,016.00

100,021.00

Current assets

 

Debtors

5

85,208.00

82,197.00

Cash at bank and in hand

 

5,141.00

16,180.00

 

90,349.00

98,377.00

Creditors: Amounts falling due within one year

6

-13,339.00

-12,758.00

Net current assets

 

77,010.00

85,619.00

Total assets less current liabilities

 

177,026.00

185,640.00

Creditors: Amounts falling due after more than one year

6

-57,056.00

-57,056.00

Provisions for liabilities

-15,485.00

-15,485.00

Net assets

 

104,485.00

113,099.00

Capital and reserves

 

Called up share capital

2.00

2.00

Revaluation reserve

66,015.00

66,015.00

Retained earnings

38,468.00

47,082.00

Shareholders' funds

 

104,485.00

113,099.00

For the financial year ending 31 March 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 year 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.

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.

Approved and authorised by the Board on 13 November 2024 and signed on its behalf by:
 

 

Runnymede Estates Limited

(Registration number: 02909023)
Balance Sheet as at 31 March 2024

.........................................
Mr Andrew Pringle
Company secretary and director

 

Runnymede Estates Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 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:
12 Comley Court
Bell Street
Romsey
SO51 8AL

These financial statements were authorised for issue by the Board on 13 November 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 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 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 financial statements have 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.

Tax

The tax expense for the period comprises tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

Runnymede Estates Limited

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

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures and fittings

15% Reducing balance

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 debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

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.

 

Runnymede Estates Limited

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

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 1 (2023 - 1).

4

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 April 2023

100,000.00

1,157.00

101,157.00

At 31 March 2024

100,000.00

1,157.00

101,157.00

Depreciation

At 1 April 2023

0.00

1,136.00

1,136.00

Charge for the year

0.00

5.00

5.00

At 31 March 2024

0.00

1,141.00

1,141.00

Carrying amount

At 31 March 2024

100,000.00

16.00

100,016.00

At 31 March 2023

100,000.00

21.00

100,021.00

Included within the net book value of land and buildings above is £100,000 (2023 - £100,000) in respect of freehold land and buildings.
 

5

Debtors

Current

2024
£

2023
£

Other debtors

85,208.00

82,197.00

 

85,208.00

82,197.00

 

Runnymede Estates Limited

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

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

823.00

823.00

Taxation and social security

 

7,861.00

8,024.00

Accruals and deferred income

 

4,460.00

3,716.00

Other creditors

 

195.00

195.00

 

13,339.00

12,758.00

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

57,056.00

57,056.00

7

Reserves

The changes to each component of equity resulting from items of other comprehensive income for the current year were as follows:

The changes to each component of equity resulting from items of other comprehensive income for the prior year were as follows:

Revaluation reserve
£

Total
£

Surplus/deficit on revaluation of other assets

-60,651.00

-60,651.00

8

Related party transactions

Transactions with directors

2024

At 1 April 2023
£

Advances to director
£

Repayments by director
£

At 31 March 2024
£

Directors account

58,624.00

3,012.00

-901.00

60,735.00

 

 

Runnymede Estates Limited

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

2023

At 1 April 2022
£

Advances to director
£

Repayments by director
£

At 31 March 2023
£

Directors account

63,041.00

15,583.00

-20,000.00

58,624.00