Registered number
SC156098
DEREK RUTHERFORD (HOLDINGS) LIMITED
Unaudited Filleted Accounts
29 February 2024
DEREK RUTHERFORD (HOLDINGS) LIMITED
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of DEREK RUTHERFORD (HOLDINGS) LIMITED for the year ended 29 February 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of DEREK RUTHERFORD (HOLDINGS) LIMITED for the year ended 29 February 2024 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at
www.icaew.com/en/members/regulations-standards-and-guidance
Our work has been undertaken in accordance with ICAEW Technical Release 07/16 AAF.
Fordhams & Co Limited
Chartered Accountants
Studio 6
6 Hornsey Street
London
N7 8GR
15 November 2024
DEREK RUTHERFORD (HOLDINGS) LIMITED
Registered number: SC156098
Balance Sheet
as at 29 February 2024
Notes 2024 2023
£ £
Fixed assets
Investments 3 311,672 311,672
Current assets
Cash at bank and in hand 62,098 58,083
Creditors: amounts falling due within one year 4 (110,816) (113,912)
Net current liabilities (48,718) (55,829)
Net assets 262,954 255,843
Capital and reserves
Called up share capital 2 2
Profit and loss account 262,952 255,841
Shareholders' funds 262,954 255,843
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
G Rutherford
Director
Approved by the board on 15 November 2024
DEREK RUTHERFORD (HOLDINGS) LIMITED
Notes to the Accounts
for the year ended 29 February 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover represent rent receivable during the year.
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Investments
Investment
properties Total
£ £
Cost
At 1 March 2023 311,672 311,672
At 29 February 2024 311,672 311,672
4 Creditors: amounts falling due within one year 2024 2023
£ £
Amounts owed to Associated Company 73,629 73,629
Taxation and social security costs 1,668 3,201
Other creditors 35,519 37,082
110,816 113,912
5 Other information
DEREK RUTHERFORD (HOLDINGS) LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
Larennie Farm
Peat Inn
Cupar
Fife
KY15 5LQ
DEREK RUTHERFORD (HOLDINGS) LIMITED SC156098 false 2023-03-01 2024-02-29 2024-02-29 VT Final Accounts July 2024 G Rutherford No description of principal activity SC156098 2022-03-01 2023-02-28 SC156098 core:WithinOneYear 2023-02-28 SC156098 core:ShareCapital 2023-02-28 SC156098 core:RetainedEarningsAccumulatedLosses 2023-02-28 SC156098 2023-03-01 2024-02-29 SC156098 bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 SC156098 bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-29 SC156098 bus:Director40 2023-03-01 2024-02-29 SC156098 1 2023-03-01 2024-02-29 SC156098 2 2023-03-01 2024-02-29 SC156098 countries:England 2023-03-01 2024-02-29 SC156098 bus:FRS102 2023-03-01 2024-02-29 SC156098 bus:FilletedAccounts 2023-03-01 2024-02-29 SC156098 2024-02-29 SC156098 core:WithinOneYear 2024-02-29 SC156098 core:ShareCapital 2024-02-29 SC156098 core:RetainedEarningsAccumulatedLosses 2024-02-29 SC156098 2023-02-28 iso4217:GBP xbrli:pure