IRIS Accounts Production v24.2.0.383 00582264 Board of Directors 1.5.23 30.4.24 30.4.24 22.1.25 false true false false true false Auditors Opinion iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh005822642023-04-30005822642024-04-30005822642023-05-012024-04-30005822642022-04-30005822642022-05-012023-04-30005822642023-04-3000582264ns15:EnglandWales2023-05-012024-04-3000582264ns14:PoundSterling2023-05-012024-04-3000582264ns10:Director12023-05-012024-04-3000582264ns10:PrivateLimitedCompanyLtd2023-05-012024-04-3000582264ns10:SmallEntities2023-05-012024-04-3000582264ns10:Audited2023-05-012024-04-3000582264ns10:SmallCompaniesRegimeForDirectorsReport2023-05-012024-04-3000582264ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-3000582264ns10:FullAccounts2023-05-012024-04-3000582264ns10:Director22023-05-012024-04-3000582264ns10:Director32023-05-012024-04-3000582264ns10:RegisteredOffice2023-05-012024-04-3000582264ns5:CurrentFinancialInstruments2024-04-3000582264ns5:CurrentFinancialInstruments2023-04-3000582264ns5:ShareCapital2024-04-3000582264ns5:ShareCapital2023-04-3000582264ns5:CapitalRedemptionReserve2024-04-3000582264ns5:CapitalRedemptionReserve2023-04-3000582264ns5:FurtherSpecificReserve2ComponentTotalEquity2024-04-3000582264ns5:FurtherSpecificReserve2ComponentTotalEquity2023-04-3000582264ns5:RetainedEarningsAccumulatedLosses2024-04-3000582264ns5:RetainedEarningsAccumulatedLosses2023-04-3000582264ns5:UnlistedNon-exchangeTradedns5:CostValuation2023-04-3000582264ns5:UnlistedNon-exchangeTraded2024-04-3000582264ns5:UnlistedNon-exchangeTraded2023-04-3000582264ns5:WithinOneYearns5:CurrentFinancialInstruments2024-04-3000582264ns5:WithinOneYearns5:CurrentFinancialInstruments2023-04-3000582264ns5:DeferredTaxation2023-04-3000582264ns5:DeferredTaxation2023-05-012024-04-3000582264ns5:DeferredTaxation2024-04-30
REGISTERED NUMBER: 00582264 (England and Wales)











PARK RUTLAND INVESTMENTS (LONDON) LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024






PARK RUTLAND INVESTMENTS (LONDON) LTD (REGISTERED NUMBER: 00582264)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 April 2024




Page

Company information 1

Balance sheet 2

Notes to the financial statements 3


PARK RUTLAND INVESTMENTS (LONDON) LTD

COMPANY INFORMATION
for the year ended 30 April 2024







DIRECTORS: S Taylor
J D Gregory
Ms H R Gough



REGISTERED OFFICE: Kingfisher House
21-23 Elmfield Road
Bromley
Kent
BR1 1LT



REGISTERED NUMBER: 00582264 (England and Wales)



SENIOR STATUTORY AUDITOR: Ricky Hutson BSc FCCA ACA



AUDITORS: Berringers LLP
Lygon House
50 London Road
Bromley
Kent
BR1 3RA

PARK RUTLAND INVESTMENTS (LONDON) LTD (REGISTERED NUMBER: 00582264)

BALANCE SHEET
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investments 4 1,530,000 1,530,000
Investment property 5 16,181,231 16,067,252
17,711,231 17,597,252

CURRENT ASSETS
Debtors 6 325,412 375,540
Cash at bank 1,506,767 1,164,482
1,832,179 1,540,022
CREDITORS
Amounts falling due within one year 7 711,476 1,109,252
NET CURRENT ASSETS 1,120,703 430,770
TOTAL ASSETS LESS CURRENT
LIABILITIES

18,831,934

18,028,022

PROVISIONS FOR LIABILITIES 8 708,008 679,513
NET ASSETS 18,123,926 17,348,509

CAPITAL AND RESERVES
Called up share capital 6,000 6,000
Capital reserve 1,386,882 1,386,882
Reserve for repairs and maintenance 41,200 41,200
Retained earnings 16,689,844 15,914,427
SHAREHOLDERS' FUNDS 18,123,926 17,348,509

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 Statement of income and retained earnings 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:





J D Gregory - Director


PARK RUTLAND INVESTMENTS (LONDON) LTD (REGISTERED NUMBER: 00582264)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 April 2024

1. STATUTORY INFORMATION

Park Rutland Investments (London) Ltd 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 as modified by the revaluation of certain assets.

Preparation of consolidated financial statements
The financial statements contain information about Park Rutland Investments (London) Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

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 represents rental income receivable excluding VAT where applicable.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

PARK RUTLAND INVESTMENTS (LONDON) LTD (REGISTERED NUMBER: 00582264)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 April 2024

4. FIXED ASSET INVESTMENTS
Unlisted
investments
£   
COST OR VALUATION
At 1 May 2023
and 30 April 2024 1,530,000
NET BOOK VALUE
At 30 April 2024 1,530,000
At 30 April 2023 1,530,000

Cost or valuation at 30 April 2024 is represented by:

Unlisted
investments
£   
Cost 1,530,000

The unlisted investment relates to 100% of the share capital in S Steventon & Co Limited acquired on 22 February 2019.

5. INVESTMENT PROPERTY
Total
£   
COST OR VALUATION
At 1 May 2023 16,067,252
Revaluations 113,979
At 30 April 2024 16,181,231
NET BOOK VALUE
At 30 April 2024 16,181,231
At 30 April 2023 16,067,252

Cost or valuation at 30 April 2024 is represented by:
£   
Valuation in 2014 5,273,171
Valuation in 2017 2,784,703
Valuation in 2019 140,849
Valuation in 2022 625,455
Valuation in 2024 113,979
Cost 7,243,074
16,181,231

The directors have reviewed the property valuations at the balance sheet date and are of the opinion that the fair values of the investment properties are not that materially different to the carrying amounts.

PARK RUTLAND INVESTMENTS (LONDON) LTD (REGISTERED NUMBER: 00582264)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 April 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 236,755 168,053
Other debtors 88,657 207,487
325,412 375,540

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 92,999 49,112
Amounts owed to group undertakings 19,783 541,134
Taxation and social security 255,298 186,860
Other creditors 343,396 332,146
711,476 1,109,252

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred taxation 708,008 679,513

Deferred
tax
£   
Balance at 1 May 2023 679,513
Provided during year 28,495
Balance at 30 April 2024 708,008

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the auditors was unqualified.

Ricky Hutson BSc FCCA ACA (Senior Statutory Auditor)
for and on behalf of Berringers LLP