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Company Registration No. 11801325 (England and Wales)
Rutland Operations Limited Unaudited accounts for the year ended 29 February 2024
Rutland Operations Limited Unaudited accounts Contents
Page
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Rutland Operations Limited Company Information for the year ended 29 February 2024
Director
John Julian Edward March Phillips de Lisle
Company Number
11801325 (England and Wales)
Registered Office
HORSE AND JOCKEY, 2 ST MARYS ROAD ST. MA MANTON OAKHAM LE15 8SU ENGLAND
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Rutland Operations Limited Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,368,331 
1,373,897 
Current assets
Inventories
7,800 
7,730 
Debtors
19,572 
41,546 
Cash at bank and in hand
391 
3,525 
27,763 
52,801 
Creditors: amounts falling due within one year
(923,017)
(883,411)
Net current liabilities
(895,254)
(830,610)
Total assets less current liabilities
473,077 
543,287 
Creditors: amounts falling due after more than one year
(520,550)
(541,591)
Provisions for liabilities
Deferred tax
(10,566)
(9,088)
Net liabilities
(58,039)
(7,392)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(58,040)
(7,393)
Shareholders' funds
(58,039)
(7,392)
For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 30 November 2024 and were signed on its behalf by
John Julian Edward March Phillips de Lisle Director Company Registration No. 11801325
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Rutland Operations Limited Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
Rutland Operations Limited is a private company, limited by shares, registered in England and Wales, registration number 11801325. The registered office is HORSE AND JOCKEY, 2 ST MARYS ROAD ST. MA, MANTON, OAKHAM, LE15 8SU, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% Reducing Balance
Fixtures & fittings
20% Straight Line
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Going concern
The ultimate parent company will support the company for at least 12 months from date of signing and therefore the shareholders approve that the financial statements are prepared as a going concern.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Rutland Operations Limited Notes to the Accounts for the year ended 29 February 2024
4
Tangible fixed assets
Land & buildings 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 March 2023
1,326,066 
17,000 
60,230 
737 
1,404,033 
At 29 February 2024
1,326,066 
17,000 
60,230 
737 
1,404,033 
Depreciation
At 1 March 2023
- 
4,250 
25,149 
737 
30,136 
Charge for the year
- 
3,188 
2,378 
- 
5,566 
At 29 February 2024
- 
7,438 
27,527 
737 
35,702 
Net book value
At 29 February 2024
1,326,066 
9,562 
32,703 
- 
1,368,331 
At 28 February 2023
1,326,066 
12,750 
35,081 
- 
1,373,897 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
15,527 
28,643 
Accrued income and prepayments
4,045 
12,903 
19,572 
41,546 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
22,780 
22,780 
VAT
7,212 
20,048 
Trade creditors
29,506 
38,441 
Amounts owed to group undertakings and other participating interests
840,849 
771,899 
Taxes and social security
5,566 
10,006 
Other creditors
8,941 
10,147 
Loans from directors
57 
837 
Accruals
8,106 
9,253 
923,017 
883,411 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
520,550 
541,591 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
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Rutland Operations Limited Notes to the Accounts for the year ended 29 February 2024
9
Controlling party
The company is 100% subsidiary of Welland Valley Investment Company Limited.
10
Average number of employees
During the year the average number of employees was 10 (2023: 10).
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