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Registration number: 00392166

M.A. Rance & Company Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 January 2025

 

M.A. Rance & Company Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Statement of Changes in Equity

4

Notes to the Unaudited Financial Statements

5 to 10

 

M.A. Rance & Company Limited

Company Information

Director

Delia Margaret Andrews

Registered office

19 Howard Road
Seer Green
Beaconsfield
Bucks
HP9 2XT

Accountants

Seer Green Accountancy Ltd
Chartered Certified Accountants
19 Howard Road
Seer Green
Beaconsfield
Bucks
HP9 2XT

 

M.A. Rance & Company Limited

(Registration number: 00392166)
Balance Sheet as at 31 January 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

4

2,300,000

1,904,500

Current assets

 

Debtors

5

18,263

15,648

Cash at bank and in hand

 

487,522

474,417

 

505,785

490,065

Creditors: Amounts falling due within one year

6

(21,225)

(28,854)

Net current assets

 

484,560

461,211

Total assets less current liabilities

 

2,784,560

2,365,711

Provisions for liabilities

(237,358)

(237,358)

Net assets

 

2,547,202

2,128,353

Capital and reserves

 

Called up share capital

7

2,500

2,500

Capital redemption reserve

3,381

3,381

Revaluation reserve

2,030,510

1,635,010

Retained earnings

510,811

487,462

Shareholders' funds

 

2,547,202

2,128,353

For the financial year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 22 February 2025
 

 

M.A. Rance & Company Limited

(Registration number: 00392166)
Balance Sheet as at 31 January 2025

.........................................
Delia Margaret Andrews
Director

 

M.A. Rance & Company Limited

Statement of Changes in Equity for the Year Ended 31 January 2025

Share capital
£

Capital redemption reserve
£

Revaluation reserve
£

Retained earnings
£

At 1 February 2024

2,500

3,381

1,635,010

487,462

Profit for the year

-

-

-

23,349

Other comprehensive income

-

-

395,500

-

Total comprehensive income

-

-

395,500

23,349

At 31 January 2025

2,500

3,381

2,030,510

510,811

Total
£

At 1 February 2024

2,128,353

Profit for the year

23,349

Other comprehensive income

395,500

Total comprehensive income

418,849

At 31 January 2025

2,547,202

Share capital
£

Capital redemption reserve
£

Revaluation reserve
£

Retained earnings
£

At 1 February 2023

2,500

3,381

1,635,010

477,921

Profit for the year

-

-

-

13,541

Dividends

-

-

-

(4,000)

At 31 January 2024

2,500

3,381

1,635,010

487,462

Total
£

At 1 February 2023

2,118,812

Profit for the year

13,541

Dividends

(4,000)

At 31 January 2024

2,128,353

 

M.A. Rance & Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
19 Howard Road
Seer Green
Beaconsfield
Bucks
HP9 2XT

These financial statements were authorised for issue by the director on 22 February 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income 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 countries where the company operates and generates taxable income.

 

M.A. Rance & Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Furniture, fittings & equipment

15% Reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 3 (2024 - 3).

 

M.A. Rance & Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

4

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 February 2024

1,904,500

6,949

1,911,449

Revaluations

395,500

-

395,500

At 31 January 2025

2,300,000

6,949

2,306,949

Depreciation

At 1 February 2024

-

6,949

6,949

At 31 January 2025

-

6,949

6,949

Carrying amount

At 31 January 2025

2,300,000

-

2,300,000

At 31 January 2024

1,904,500

-

1,904,500

Included within the net book value of land and buildings above is £2,300,000 (2024 - £1,904,500) in respect of freehold land and buildings.
 

5

Debtors

Current

2025
£

2024
£

Prepayments

10,181

9,936

Other debtors

8,082

5,712

 

18,263

15,648

 

M.A. Rance & Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

6

Creditors

Creditors: amounts falling due within one year

2025
£

2024
£

Due within one year

Taxation and social security

6,259

8,470

Accruals and deferred income

8,821

8,941

Other creditors

6,145

11,443

21,225

28,854

7

Share capital

Allotted, called up and fully paid shares

2025

2024

No.

£

No.

£

Ordinary £1 shares of £1 each

100

100

100

100

"A" Ordinary £1 shares of £1 each

2,400

2,400

2,400

2,400

2,500

2,500

2,500

2,500

8

Reserves

The changes to each component of equity resulting from items of other comprehensive income for the current year were as follows:

Revaluation reserve
£

Total
£

Surplus/deficit on property, plant and equipment revaluation

395,500

395,500

9

Dividends

2025

2024

£

£

Final dividend of £Nil (2024 - £2,000.00) per ordinary share

-

2,000

Interim dividend of £Nil (2024 - £2,000.00) per ordinary share

-

2,000

-

4,000

 

 

10

Related party transactions

 

M.A. Rance & Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

Transactions with the director

2025

At 1 February 2024
£

Advances to director
£

Repayments by director
£

At 31 January 2025
£

Mrs Adele Andrews

Loan

11,443

(5,298)

-

6,145

Delia Margaret Andrews

Loan

(880)

-

-

(880)

2024

At 1 February 2023
£

Advances to director
£

Repayments by director
£

At 31 January 2024
£

Mrs Adele Andrews

Loan

16,439

-

(4,996)

11,443

Delia Margaret Andrews

Loan

(57)

(823)

-

(880)

 

M.A. Rance & Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

Director's remuneration

The director's remuneration for the year was as follows:

2025
£

2024
£

Remuneration

35,699

44,752

Dividends paid to the director

2025
£

2024
£

Mrs Adele Andrews

Interim dividend

-

2,000

Final dividend

-

2,000

-

4,000