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REGISTERED NUMBER: 08776839 (England and Wales)


















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 NOVEMBER 2023

FOR

RUBIX PROPERTIES LTD

RUBIX PROPERTIES LTD (REGISTERED NUMBER: 08776839)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 NOVEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RUBIX PROPERTIES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 28 NOVEMBER 2023







DIRECTORS: R G Buffery
N G Rigby
N J Russell
P M Talbot
J R Britnell





REGISTERED OFFICE: Fulford House
Newbold Terrace
Leamington Spa
Warwickshire
CV32 4EA





REGISTERED NUMBER: 08776839 (England and Wales)





ACCOUNTANTS: TGFP
Chartered Accountants
Fulford House
Newbold Terrace
Leamington Spa
Warwickshire
CV32 4EA

RUBIX PROPERTIES LTD (REGISTERED NUMBER: 08776839)

BALANCE SHEET
28 NOVEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 11,962 -
Investments 5 32 52
Investment property 6 589,726 589,726
601,720 589,778

CURRENT ASSETS
Debtors 7 234,690 389,416
Cash at bank 5,956 8,721
240,646 398,137
CREDITORS
Amounts falling due within one year 8 254,785 397,860
NET CURRENT (LIABILITIES)/ASSETS (14,139 ) 277
TOTAL ASSETS LESS CURRENT
LIABILITIES

587,581

590,055

CREDITORS
Amounts falling due after more than one
year

9

(440,913

)

(437,860

)

PROVISIONS FOR LIABILITIES (2,273 ) -
NET ASSETS 144,395 152,195

CAPITAL AND RESERVES
Called up and paid share capital 100 100
Retained earnings 144,295 152,095
144,395 152,195

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 November 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.

RUBIX PROPERTIES LTD (REGISTERED NUMBER: 08776839)

BALANCE SHEET - continued
28 NOVEMBER 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 15 November 2024 and were signed on its behalf by:





P M Talbot - Director


RUBIX PROPERTIES LTD (REGISTERED NUMBER: 08776839)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 NOVEMBER 2023


1. STATUTORY INFORMATION

Rubix Properties 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance

Investments in associates
Investments in associate undertakings are recognised at 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 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

RUBIX PROPERTIES LTD (REGISTERED NUMBER: 08776839)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 NOVEMBER 2023


3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
Additions 15,950
At 28 November 2023 15,950
DEPRECIATION
Charge for year 3,988
At 28 November 2023 3,988
NET BOOK VALUE
At 28 November 2023 11,962

5. FIXED ASSET INVESTMENTS
Interest
in
associate
£   
COST
At 29 November 2022 52
Disposals (20 )
At 28 November 2023 32
NET BOOK VALUE
At 28 November 2023 32
At 28 November 2022 52

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 29 November 2022
and 28 November 2023 589,726
NET BOOK VALUE
At 28 November 2023 589,726
At 28 November 2022 589,726

RUBIX PROPERTIES LTD (REGISTERED NUMBER: 08776839)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 NOVEMBER 2023


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 189,416
Amounts owed by group undertakings - 200,000
Other debtors 231,500 -
VAT 3,190 -
234,690 389,416

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 3,331 -
Trade creditors 6,113 13,598
Amounts owed to group undertakings - 20,000
Tax - 3,543
VAT - 279
Other creditors 175,013 290,277
Accrued expenses 70,328 70,163
254,785 397,860

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans more 5 yr by instal 437,860 437,860
Hire purchase contracts 3,053 -
440,913 437,860

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 437,860 437,860

10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 437,860 437,860

Paragon bank holds 2 fixed charges over all assets of the company.