2 2 Rubicon Property (Campbell) Limited 09329255 false 2024-03-01 2025-02-28 2025-02-28 The principal activity of the company is property investment. Digita Accounts Production Advanced 6.30.9574.0 true 09329255 2024-03-01 2025-02-28 09329255 2025-02-28 09329255 core:RetainedEarningsAccumulatedLosses 2025-02-28 09329255 core:ShareCapital 2025-02-28 09329255 core:CurrentFinancialInstruments 2025-02-28 09329255 core:CurrentFinancialInstruments core:WithinOneYear 2025-02-28 09329255 bus:SmallEntities 2024-03-01 2025-02-28 09329255 bus:AuditExemptWithAccountantsReport 2024-03-01 2025-02-28 09329255 bus:FilletedAccounts 2024-03-01 2025-02-28 09329255 bus:SmallCompaniesRegimeForAccounts 2024-03-01 2025-02-28 09329255 bus:RegisteredOffice 2024-03-01 2025-02-28 09329255 bus:Director2 2024-03-01 2025-02-28 09329255 bus:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 09329255 countries:EnglandWales 2024-03-01 2025-02-28 09329255 2024-02-29 09329255 2023-03-01 2024-02-29 09329255 2024-02-29 09329255 core:RetainedEarningsAccumulatedLosses 2024-02-29 09329255 core:ShareCapital 2024-02-29 09329255 core:CurrentFinancialInstruments 2024-02-29 09329255 core:CurrentFinancialInstruments core:WithinOneYear 2024-02-29 xbrli:pure iso4217:GBP

Registration number: 09329255

Rubicon Property (Campbell) Limited

Unaudited Filleted Financial Statements

for the Year Ended 28 February 2025

 

Rubicon Property (Campbell) Limited

(Registration number: 09329255)
Balance Sheet as at 28 February 2025

Note

2025
£

2024
£

Fixed assets

 

Investment property

4

1,125,000

1,125,000

Current assets

 

Debtors

5

146,846

146,846

Cash at bank and in hand

 

41,526

53,541

 

188,372

200,387

Creditors: Amounts falling due within one year

6

(355,020)

(423,337)

Net current liabilities

 

(166,648)

(222,950)

Total assets less current liabilities

 

958,352

902,050

Provisions for liabilities

(20,076)

(34,978)

Net assets

 

938,276

867,072

Capital and reserves

 

Called up share capital

100

100

Retained earnings

938,176

866,972

Shareholders' funds

 

938,276

867,072

For the financial year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge 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 and 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.

 

Rubicon Property (Campbell) Limited

(Registration number: 09329255)
Balance Sheet as at 28 February 2025

Approved and authorised by the Board on 17 March 2025 and signed on its behalf by:
 

.........................................
Mr NG Redman
Director

 

Rubicon Property (Campbell) Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

1

General information

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

The address of its registered office is:
The Corner House
2 High Street
Aylesford
Kent
ME20 7BG
England

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.

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 and deferred 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.

 

Rubicon Property (Campbell) Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

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.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

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.

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.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

 

Rubicon Property (Campbell) Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

4

Investment properties

2025
£

At 1 March

1,125,000

At 28 February

1,125,000

The fair value of the property has been determined by the directors.

5

Debtors

Note

2025
£

2024
£

Amounts owed by related parties

145,000

145,000

Other debtors

 

1,846

1,846

 

146,846

146,846

6

Creditors

Note

2025
£

2024
£

Due within one year

 

Loans and borrowings

7

336,253

405,285

Taxation and social security

 

18,767

18,052

 

355,020

423,337

7

Loans and borrowings

Current loans and borrowings

2025
£

2024
£

Other borrowings

336,253

405,285