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REGISTERED NUMBER: 12169483 (England and Wales)















Abridged Unaudited Financial Statements for the Year Ended 30 September 2024

for

Rustan Limited

Rustan Limited (Registered number: 12169483)






Contents of the Financial Statements
for the year ended 30 September 2024




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


Rustan Limited

Company Information
for the year ended 30 September 2024







DIRECTORS: A P Wild
S P Wild
S J Wild
P A Wild





REGISTERED OFFICE: 22 Silverthorne Close
Stalybridge
Cheshire
SK15 2DQ





REGISTERED NUMBER: 12169483 (England and Wales)





ACCOUNTANTS: S & A Buckley Limited
22 Silverthorne Close
Stalybridge
Cheshire
SK15 2DQ

Rustan Limited (Registered number: 12169483)

Abridged Statement of Financial Position
30 September 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 427,500 400,000

CURRENT ASSETS
Cash at bank 14,560 9,762

CREDITORS
Amounts falling due within one year 19,581 18,861
NET CURRENT LIABILITIES (5,021 ) (9,099 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

422,479

390,901

PROVISIONS FOR LIABILITIES 5,225 -
NET ASSETS 417,254 390,901

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 5 417,154 390,801
SHAREHOLDERS' FUNDS 417,254 390,901

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

Rustan Limited (Registered number: 12169483)

Abridged Statement of Financial Position - continued
30 September 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Statement of Income and Retained Earnings and an abridged Statement of Financial Position for the year ended 30 September 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 17 January 2025 and were signed on its behalf by:





S P Wild - Director


Rustan Limited (Registered number: 12169483)

Notes to the Financial Statements
for the year ended 30 September 2024

1. STATUTORY INFORMATION

Rustan 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 as modified by the revaluation of certain assets.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 4 (2023 - 2 ) .

Rustan Limited (Registered number: 12169483)

Notes to the Financial Statements - continued
for the year ended 30 September 2024

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2023 400,000
Revaluations 27,500
At 30 September 2024 427,500
NET BOOK VALUE
At 30 September 2024 427,500
At 30 September 2023 400,000

The property was valued at Open Market Value by G Crossley & Son Ltd on 30 September 2024.

Fair value at 30 September 2024 is represented by:
£   
Valuation in 2024 27,500
Cost 400,000
427,500

5. RESERVES

Retained earnings includes £27,500 (2023: £Nil) of undistributable reserves in respect of fair value adjustments to the investment property.

6. RELATED PARTY DISCLOSURES

During the year, total dividends of £28,900 (2023 - £46,400) were paid to the directors .