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REGISTERED NUMBER: 08529014 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

RACKLEYS ESTATE LIMITED

RACKLEYS ESTATE LIMITED (REGISTERED NUMBER: 08529014)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RACKLEYS ESTATE LIMITED

COMPANY INFORMATION
for the Year Ended 31 December 2023







DIRECTORS: N G Sargent
Mrs W A Sargent
R A Oury





SECRETARY: Mrs W A Sargent





REGISTERED OFFICE: Herschel House
58 Herschel Street
Slough
Berkshire
SL1 1PG





REGISTERED NUMBER: 08529014 (England and Wales)





ACCOUNTANTS: Oury Clark Chartered Accountants
Herschel House
58 Herschel Street
Slough
Berkshire
SL1 1PG

RACKLEYS ESTATE LIMITED (REGISTERED NUMBER: 08529014)

BALANCE SHEET
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 33,463 25,650

CURRENT ASSETS
Debtors 5 5,420 5,593
Cash at bank 382,574 320,831
387,994 326,424
CREDITORS
Amounts falling due within one year 6 381,229 317,306
NET CURRENT ASSETS 6,765 9,118
TOTAL ASSETS LESS CURRENT
LIABILITIES

40,228

34,768

CREDITORS
Amounts falling due after more than one
year

7

120,000

120,000
NET LIABILITIES (79,772 ) (85,232 )

CAPITAL AND RESERVES
Called up share capital 250 250
Retained earnings (80,022 ) (85,482 )
SHAREHOLDERS' FUNDS (79,772 ) (85,232 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

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

RACKLEYS ESTATE LIMITED (REGISTERED NUMBER: 08529014)

BALANCE SHEET - continued
31 December 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 4 November 2024 and were signed on its behalf by:





N G Sargent - Director


RACKLEYS ESTATE LIMITED (REGISTERED NUMBER: 08529014)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Rackleys Estate Limited 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.

The financial statements have been prepared on the going concern basis as the company is in start-up phase and the directors expect the company to move into profit as the advanced bookings reach their event dates and revenue is recognised. In the interim the parent entity will continue to provide support as required.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue is recognised on the day that the hire event takes place.

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 etc - 33% on cost, 20% on cost and 10% on 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.

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.

RACKLEYS ESTATE LIMITED (REGISTERED NUMBER: 08529014)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 36,060
Additions 14,635
At 31 December 2023 50,695
DEPRECIATION
At 1 January 2023 10,410
Charge for year 6,822
At 31 December 2023 17,232
NET BOOK VALUE
At 31 December 2023 33,463
At 31 December 2022 25,650

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 170 3,840
Other debtors 5,250 1,753
5,420 5,593

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 7,803 3,037
Amounts owed to group undertakings 151,991 76,969
Taxation and social security 9,616 7,533
Other creditors & accruals 211,819 229,767
381,229 317,306

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Amounts owed to group undertakings 120,000 120,000

RACKLEYS ESTATE LIMITED (REGISTERED NUMBER: 08529014)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party are the Trustees of the Sargent Charitable Trust.

9. RENT EXPENSES IN THE YEAR

A rent expense in the amount of £50,000 was waived by The Sargent Charitable Trust due to the building work on the rented premises.