REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 24 June 2023 to 30 June 2024 |
for |
Barmy Rubble Limited |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 24 June 2023 to 30 June 2024 |
for |
Barmy Rubble Limited |
Barmy Rubble Limited (Registered number: 14957830) |
Contents of the Financial Statements |
for the Period 24 June 2023 to 30 June 2024 |
Page |
Company Information | 1 |
Statement of Financial Position | 2 |
Notes to the Financial Statements | 3 |
Barmy Rubble Limited |
Company Information |
for the Period 24 June 2023 to 30 June 2024 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
1 Minster Court |
Tuscam Way |
Camberley |
Surrey |
GU15 3YY |
Barmy Rubble Limited (Registered number: 14957830) |
Statement of Financial Position |
30 June 2024 |
Notes | £ |
FIXED ASSETS |
Investment property | 4 |
CURRENT ASSETS |
Investments | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 | ( |
) |
NET CURRENT LIABILITIES | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
7 |
( |
) |
NET LIABILITIES | ( |
) |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | ( |
) |
( |
) |
The director acknowledges his 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. |
The financial statements were approved by the director and authorised for issue on |
Barmy Rubble Limited (Registered number: 14957830) |
Notes to the Financial Statements |
for the Period 24 June 2023 to 30 June 2024 |
1. | STATUTORY INFORMATION |
Barmy Rubble Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Due to this being the first year of trading, the accounting period is slightly longer than one year. |
Turnover |
Turnover represents amounts receivable for rental income. |
Investment property |
Investment property, which is property held to earn rentals, is stated at its fair value as at the reporting date. The fair value is arrived at on the basis of a valuation by the director, which is made on an open market basis by reference to market evidence of transaction prices for similar properties. The movement for the year in relation to fair value adjustments is recognised in the Income Statement. |
Current asset investments |
Current asset investments are initially measured at the transaction price and subsequently measured at cost less impairment. |
Taxation |
Taxation for the period periodcomprises current and deferred tax. Tax is recognised in the Income Statement, 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 period 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. |
Going concern |
After making enquiries, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. For this reason, he continues to adopt the going concern basis in preparing the financial statements. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was |
Barmy Rubble Limited (Registered number: 14957830) |
Notes to the Financial Statements - continued |
for the Period 24 June 2023 to 30 June 2024 |
4. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
Additions |
At 30 June 2024 |
NET BOOK VALUE |
At 30 June 2024 |
5. | CURRENT ASSET INVESTMENTS |
£ |
Unlisted investments | 100,000 |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Other loans |
Other creditors |
Directors' current accounts | 212 |
Accruals |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
£ |
Other loans - 1-2 years | 12,000 |
Other loans - 2-5 years | 36,000 |
Other loans more than 5 years |
Amounts falling due in more than five years: |
Repayable by instalments |
Other loans more than 5 years | 39,000 |
8. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
The following advances and credits to a director subsisted during the period ended 30 June 2024: |
£ |
Balance outstanding at start of period |
Amounts advanced |
Amounts repaid | ( |
) |
Amounts written off | - |
Amounts waived | - |
Balance outstanding at end of period |
The above loan is unsecured, interest free and repayable on demand. |