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REGISTERED NUMBER: 04774891 (England and Wales)















Rushden Warehouse Limited

Unaudited Financial Statements For The Year Ended 31 January 2024






Rushden Warehouse Limited (Registered number: 04774891)






Contents of the Financial Statements
For The Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Rushden Warehouse Limited

Company Information
For The Year Ended 31 January 2024







DIRECTORS: M A Lawson
L R Stock





SECRETARY: B K Thakrar





REGISTERED OFFICE: 3 Coldbath Square
London
EC1R 5HL





REGISTERED NUMBER: 04774891 (England and Wales)





ACCOUNTANTS: Kingswood Allotts Limited
Chartered Accountants
Sidings Court
Lakeside
Doncaster
South Yorkshire
DN4 5NU

Rushden Warehouse Limited (Registered number: 04774891)

Balance Sheet
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 6,300,000 6,300,000

CURRENT ASSETS
Debtors 5 23,774 -
Cash at bank 199,206 360,781
222,980 360,781
CREDITORS
Amounts falling due within one year 6 244,310 192,208
NET CURRENT (LIABILITIES)/ASSETS (21,330 ) 168,573
TOTAL ASSETS LESS CURRENT LIABILITIES 6,278,670 6,468,573

CREDITORS
Amounts falling due after more than one year 7 (1,277,790 ) (1,842,790 )

PROVISIONS FOR LIABILITIES (78,013 ) (78,013 )
NET ASSETS 4,922,867 4,547,770

CAPITAL AND RESERVES
Called up share capital 8 99 99
Investment property reserve 9 1,248,467 1,248,467
Retained earnings 9 3,674,301 3,299,204
SHAREHOLDERS' FUNDS 4,922,867 4,547,770

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 January 2025 and were signed on its behalf by:




M A Lawson - Director


Rushden Warehouse Limited (Registered number: 04774891)

Notes to the Financial Statements
For The Year Ended 31 January 2024

1. STATUTORY INFORMATION

Rushden Warehouse 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.

Revenue
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

- the amount of revenue can be measured reliably;
- it is probable that the company will receive the consideration due under the
contract;
- the stage of completion of the contract at the end of the reporting period can be
measured reliably; and
- the costs incurred and the costs to complete the contract can be measured reliably.

Interest income
Interest income is recognised in profit or loss using the effective interest method.

Finance costs
Finance costs are charged to profit and loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Investment property
Investment property is carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Rushden Warehouse Limited (Registered number: 04774891)

Notes to the Financial Statements - continued
For The Year Ended 31 January 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INVESTMENT PROPERTY
Total
£   
COST
At 1 February 2023
and 31 January 2024 6,300,000
NET BOOK VALUE
At 31 January 2024 6,300,000
At 31 January 2023 6,300,000

The 2024 valuations were made by the directors, on an open market value for existing use basis.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 23,774 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 19,812 4,191
Taxation 118,168 85,757
Other taxation and social security 29,965 25,895
Accruals and deferred income 76,365 76,365
244,310 192,208

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Amounts owed to group undertakings 1,277,790 1,842,790

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
99 Ordinary £1 99 99

Rushden Warehouse Limited (Registered number: 04774891)

Notes to the Financial Statements - continued
For The Year Ended 31 January 2024

9. RESERVES

Investment property revaluation reserve

The investment property revaluation reserve relates to the revaluation of the company's investment property, net of deferred tax. The reserve is not distributable.

Profit and loss account

The profit and loss account includes all current and prior period retained profits and losses.

10. CONTINGENT LIABILITIES

The company has guaranteed a bank loan, secured against it's investment properties, alongside a number of other associated companies, in consideration for which the company has available to it, at the discretion of an associated company, a loan facility of up to £2m for further property acquisitions.

11. RELATED PARTY TRANSACTIONS

As at the balance sheet date the company owed £1,127,790 (2023: £1,842,790) to its parent company, Bradsett Limited.