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Registration number: 02824952

RR Surveyors 1993 Ltd (FORMERLY RR Surveyors Ltd)

Unaudited Financial Statements

for the Year Ended 30 June 2024

Brebners
Chartered Accountants
130 Shaftesbury Avenue
London
W1D 5AR

 

RR Surveyors 1993 Ltd (FORMERLY RR Surveyors Ltd)

Contents

Company Information

1

Statement of Financial Position

2 to 3

Notes to the Unaudited Financial Statements

4 to 7

 

RR Surveyors 1993 Ltd (FORMERLY RR Surveyors Ltd)

Company Information

Directors

D Robson

R Robson

Company secretary

D Lawrence-Smyth

Registered office

29 Highfield Road
Bromley
Kent
BR1 2JN

Accountants

Brebners
Chartered Accountants
130 Shaftesbury Avenue
London
W1D 5AR

 

RR Surveyors 1993 Ltd (FORMERLY RR Surveyors Ltd)

Statement of Financial Position as at 30 June 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

16,756

20,885

Current assets

 

Debtors

6

55,637

122,163

Cash at bank and in hand

 

340,039

299,856

 

395,676

422,019

Creditors: Amounts falling due within one year

7

(44,306)

(42,784)

Net current assets

 

351,370

379,235

Total assets less current liabilities

 

368,126

400,120

Provisions for liabilities

-

(2,342)

Net assets

 

368,126

397,778

Capital and reserves

 

Called up share capital

1,000

1,000

Retained earnings

367,126

396,778

Shareholders' funds

 

368,126

397,778

For the financial year ending 30 June 2024 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 in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

 

RR Surveyors 1993 Ltd (FORMERLY RR Surveyors Ltd)

Statement of Financial Position as at 30 June 2024

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Statement of Income and Retained Earnings has been taken.

Approved and authorised by the Board on 24 March 2025 and signed on its behalf by:
 

.........................................

R Robson

Director

Company registration number: 02824952

 

RR Surveyors 1993 Ltd (FORMERLY RR Surveyors Ltd)

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

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:
29 Highfield Road
Bromley
Kent
BR1 2JN

The principal activity of the company is that of the provision of consultancy services as Chartered Surveyors.

2

Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except any items disclosed in the accounting policies as being shown at fair value and are presented in sterling, which is the functional currency of the entity.

Summary of significant accounting policies

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.

Going concern

The company made a loss for the year ended 30 June 2024 but had net assets at that date of £368,126, including cash at bank amounting to £340,039. The company expects to return to profitability in the foreseeable future.

On the basis of the above, and after making queries, the directors have a reasonable expectation that the company has adequate resources to continue in operation existence for the foreseeable future. Accordingly, the directors continue to adopt the going concern basis in preparing the financial statements.

Revenue recognition

Turnover comprises the fair value of the consideration received and receivable for the provision of services in the ordinary course of the company's activities. Turnover is shown net of value added tax, rebates and discounts.

The company recognises turnover upon the completion of surveying services provided, which are generally short term in nature.

Government grants

Government grants are recognised when it is reasonable to expect that the grants will be received and that all related conditions will be met, usually on submission of a valid claim for payment.

Grants of a revenue nature are credited to income so as to match them with the expenditure to which they relate.

 

RR Surveyors 1993 Ltd (FORMERLY RR Surveyors Ltd)

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a charge 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.

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.

Tangible assets

Tangible assets are stated in the statement of financial position 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 and equipment

25% reducing balance

Motor vehicles

25% 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.

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.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

 

RR Surveyors 1993 Ltd (FORMERLY RR Surveyors Ltd)

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

3

Staff numbers

The average number of persons employed by the company during the year, was 5 (2023 - 5).

4

Loss/profit before tax

Arrived at after charging/(crediting)

2024
£

2023
£

Depreciation expense

5,651

6,165

5

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 July 2023

167,894

33,859

201,753

Additions

1,522

-

1,522

At 30 June 2024

169,416

33,859

203,275

Depreciation

At 1 July 2023

149,307

31,561

180,868

Charge for the year

5,076

575

5,651

At 30 June 2024

154,383

32,136

186,519

Carrying amount

At 30 June 2024

15,033

1,723

16,756

At 30 June 2023

18,587

2,298

20,885

 

RR Surveyors 1993 Ltd (FORMERLY RR Surveyors Ltd)

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

6

Debtors

2024
£

2023
£

Trade debtors

6,059

19,347

Other debtors

49,578

102,816

55,637

122,163

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Trade creditors

6,460

2,500

Taxation and social security

24,019

19,093

Other creditors

13,827

21,191

44,306

42,784

8

Transactions with directors

During the year there were advances to directors of £3,198 and repayments of £20,538. At 30 June 2024 an amount of £2,174 (2023: £19,190) was due from the directors. Interest of £324 (2023: £651) was payable to the company at 2.25% p.a. There are no agreed terms.