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Company No: 11255310 (England and Wales)

RUNMORE LTD

Unaudited Financial Statements
For the financial year ended 31 March 2024
Pages for filing with the registrar

RUNMORE LTD

Unaudited Financial Statements

For the financial year ended 31 March 2024

Contents

RUNMORE LTD

BALANCE SHEET

As at 31 March 2024
RUNMORE LTD

BALANCE SHEET (continued)

As at 31 March 2024
2024 2023
£ £
Current assets
Debtors 3 7,918 79,487
Cash at bank and in hand 20,351 149,034
28,269 228,521
Creditors: amounts falling due within one year 4 ( 3,860) ( 158,008)
Net current assets 24,409 70,513
Total assets less current liabilities 24,409 70,513
Net assets 24,409 70,513
Capital and reserves
Called-up share capital 5 100 100
Profit and loss account 24,309 70,413
Total shareholders' funds 24,409 70,513

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 financial statements of Runmore Ltd (registered number: 11255310) were approved and authorised for issue by the Board of Directors on 29 November 2024. They were signed on its behalf by:

T F Keeling
Director
RUNMORE LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
RUNMORE LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Runmore Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 55 Staplegrove Road, Taunton, TA1 1DG, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the sale of property in the ordinary course of the company’s activities. Turnover is shown net of value added tax. The company recognises revenue when contracts have been exchanged and the sale is unconditional.

Employee benefits

Defined contribution schemes
The company contributes to a director's personal pension scheme. The assets of the scheme are held separately from those of the company. The contributions payable are charges to the profit and loss account as they fall due.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Debtors

2024 2023
£ £
Prepayments 3,989 4,487
VAT recoverable 47 0
Corporation tax 3,777 0
Other debtors 105 75,000
7,918 79,487

4. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 16 21,455
Amounts owed to directors 493 82
Accruals 3,150 118,466
Corporation tax 0 16,517
Other taxation and social security 201 825
Other creditors 0 663
3,860 158,008

5. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100