Company Registration No. 00978228 (England and Wales)
RENSCOMBE PROPERTIES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
PAGES FOR FILING WITH REGISTRAR
RENSCOMBE PROPERTIES LIMITED
COMPANY INFORMATION
Director
Mr D B Murrell
Secretary
Mr D B Murrell
Company number
00978228
Registered office
Ashley Court
20A Ashley Rise
Walton On Thames
Surrey
KT12 1ND
Accountants
Apsleys Chartered Accountants
21 Bampton Street
Tiverton
Devon
EX16 6AA
RENSCOMBE PROPERTIES LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
RENSCOMBE PROPERTIES LIMITED
BALANCE SHEET
AS AT
30 JUNE 2024
30 June 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Investment properties
3
127,000
181,376
Current assets
Cash at bank and in hand
905
799
Creditors: amounts falling due within one year
4
(103,357)
(101,997)
Net current liabilities
(102,452)
(101,198)
Total assets less current liabilities
24,548
80,178
Capital and reserves
Called up share capital
5
70
70
Revaluation reserve
6
-
0
54,360
Profit and loss reserves
24,478
25,748
Total equity
24,548
80,178

The director of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved and signed by the director and authorised for issue on 15 August 2024
Mr D B Murrell
Director
Company Registration No. 00978228
RENSCOMBE PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
- 2 -
1
Accounting policies
Company information

Renscombe Properties Limited is a private company limited by shares incorporated in England and Wales within the United Kingdom.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

1.2
Turnover

Turnover represents the fair value of amounts receivable for ground rent.

1.3
Investment property

The reversionary property is stated at valuation by an independent valuer. It is only fully realisable when the occupant passes away.

1.4
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts.

1.5
Financial instruments

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was 0 (2023 - 0).

3
Investment property
2024
£
Fair value
At 1 July 2023
181,376
Investment property fair value adjustments
(54,376)
At 30 June 2024
127,000

The reversionary property is stated at fair value.

RENSCOMBE PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 3 -
4
Creditors: amounts falling due within one year
2024
2023
£
£
Other creditors
103,357
101,997
5
Called up share capital
2024
2023
£
£
Ordinary share capital
Issued and fully paid
7,001 ordinary shares of 1p each
70
70
6
Revaluation reserve
2024
2023
£
£
At beginning of year
54,360
41,242
Revaluation reserve fair value adjustment
(54,360)
13,118
At end of year
-
0
54,360
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