Company No:
Contents
DIRECTOR | Richard Bruton |
REGISTERED OFFICE | 42 Colebrooke Row |
London | |
N1 8AF | |
United Kingdom |
COMPANY NUMBER | 11172031 (England and Wales) |
Note | 2024 | 2023 | ||
£ | £ | |||
Fixed assets | ||||
Tangible assets | 3 |
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2,762,317 | 2,761,185 | |||
Current assets | ||||
Debtors | 4 |
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Cash at bank and in hand |
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35,205 | 21,501 | |||
Creditors: amounts falling due within one year | 5 | (
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Net current liabilities | (2,015,757) | (1,947,973) | ||
Total assets less current liabilities | 746,560 | 813,212 | ||
Creditors: amounts falling due after more than one year | 6 | (
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Net assets |
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Capital and reserves | ||||
Called-up share capital |
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Profit and loss account |
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Total shareholders' funds |
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Director's responsibilities:
These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Rum Runner Holdings Limited (registered number:
Richard Bruton
Director |
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.
Rum Runner Holdings Limited is a private company, limited by shares, incorporated in the England and Wales. The address of the Company's registered office is 42 Colebrooke Row, London, N1 8AF.
The financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
The financial statements have been prepared under the historical cost convention, except that as disclosed in the accounting policies certain items are shown at fair value.
The financial statements are presented in pounds sterling which is the functional currency of the company and rounded to the nearest £.
The financial statements have been prepared under a going concern basis, notwithstanding the balance of £2,015,757 for net current liabilities as at 30 September 2024. It is anticipated that the company will continue to be profitable and the parent company has also confirmed that the group will continue to provide support to the company for at least a period of 12 months from the date of approval of the accounts.
The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the UK, where the company operates and generates taxable income.
Under an agreement between companies within the group, the claimant company that utilises tax losses surrendered for group relief relates and is recorded as a tax credit in the claimant company.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Land and buildings | not depreciated |
Office equipment |
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Depreciation is charged so as to write off the cost of the assets, other than land and properties under construction over their estimated useful lives, as above.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
2024 | 2023 | ||
Number | Number | ||
Monthly average number of persons employed by the Company during the year |
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Land and buildings | Office equipment | Total | |||
£ | £ | £ | |||
Cost | |||||
At 01 October 2023 |
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Additions |
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At 30 September 2024 |
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Accumulated depreciation | |||||
At 01 October 2023 |
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Charge for the financial year |
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At 30 September 2024 |
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Net book value | |||||
At 30 September 2024 |
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At 30 September 2023 |
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2024 | 2023 | ||
£ | £ | ||
Amounts owed by group undertakings |
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Other debtors |
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2024 | 2023 | ||
£ | £ | ||
Bank loans (secured) |
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Amounts owed to group undertakings |
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Taxation and social security |
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Other creditors |
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The variable interest loan has interest charged at 2.75% above the Bank of England Bank Rate and is repaid in monthly instalments.
2024 | 2023 | ||
£ | £ | ||
Bank loans (secured) |
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Amounts repayable after more than 5 years are included in creditors falling due over one year:
2024 | 2023 | ||
£ | £ | ||
Bank loans (secured / repayable by instalments) |
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The variable interest loan has interest charged at 2.75% above the Bank of England Bank Rate and is repayable by 22 June 2028.