Caseware UK (AP4) 2024.0.164 2024.0.164 falsefalse2023-07-01The principal activity of the company continued to be that of investment in property partnerships based in the USA.00falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 01817152 2023-07-01 2024-06-30 01817152 2022-07-01 2023-06-30 01817152 2024-06-30 01817152 2023-06-30 01817152 c:Director3 2023-07-01 2024-06-30 01817152 d:CurrentFinancialInstruments 2024-06-30 01817152 d:CurrentFinancialInstruments 2023-06-30 01817152 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 01817152 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 01817152 d:ShareCapital 2024-06-30 01817152 d:ShareCapital 2023-06-30 01817152 d:RevaluationReserve 2024-06-30 01817152 d:RevaluationReserve 2023-06-30 01817152 d:RetainedEarningsAccumulatedLosses 2024-06-30 01817152 d:RetainedEarningsAccumulatedLosses 2023-06-30 01817152 c:OrdinaryShareClass1 2023-07-01 2024-06-30 01817152 c:OrdinaryShareClass1 2024-06-30 01817152 c:OrdinaryShareClass1 2023-06-30 01817152 c:FRS102 2023-07-01 2024-06-30 01817152 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 01817152 c:FullAccounts 2023-07-01 2024-06-30 01817152 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 01817152 5 2023-07-01 2024-06-30 01817152 d:OtherDeferredTax 2024-06-30 01817152 d:OtherDeferredTax 2023-06-30 01817152 e:PoundSterling 2023-07-01 2024-06-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 01817152










Rubyhill Properties Limited








Unaudited

Financial statements

For the year ended 30 June 2024

 
Rubyhill Properties Limited
Registered number: 01817152

Balance sheet
As at 30 June 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 4 
1
2,132,801

  
1
2,132,801

Current assets
  

Bank and cash balances
  
2,003,601
345,283

  
2,003,601
345,283

Creditors: amounts falling due within one year
 5 
(324,723)
(490,949)

Net current assets/(liabilities)
  
 
 
1,678,878
 
 
(145,666)

Total assets less current liabilities
  
1,678,879
1,987,135

Provisions for liabilities
  

Deferred tax
 6 
-
(423,721)

  
 
 
-
 
 
(423,721)

Net assets
  
1,678,879
1,563,414


Capital and reserves
  

Called up share capital 
 7 
2
2

Revaluation reserve
  
-
911,850

Profit and loss account
  
1,678,877
651,562

  
1,678,879
1,563,414


Page 1

 
Rubyhill Properties Limited
Registered number: 01817152

Balance sheet (continued)
As at 30 June 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 


L G Marks
Director
Date: 26 March 2025

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
Rubyhill Properties Limited
 

 
Notes to the financial statements
For the year ended 30 June 2024

1.


General information

The Company is a private company, limited by shares, incorporated and domiciled in England & Wales. The Company's registered office is 2nd Floor, 168 Shoreditch High Street, London, E1 6RA. The Company's principal place of business is 95 Dorset House, London, NW1 5AF. The principal activity of the company continued to be that of investment in property partnerships based in the USA.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

 
2.2

Fixed asset investments

Subsidiary undertakings
Investments in subsidiary undertakings are valued at cost less provision for impairment.
Loans to property partnerships
Loans to property partnerships represent the company's share of the assets and liabilities of US partnerships invested in, including the revaluation of the tangible fixed assets of those partnerships to market value at the balance sheet date.
Unlisted investments
Unlisted investments are valued at the open market value.

 
2.3

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.4

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 3

 
Rubyhill Properties Limited
 

 
Notes to the financial statements
For the year ended 30 June 2024

2.Accounting policies (continued)

 
2.5

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of comprehensive income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

 
2.6

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

 
2.7

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Page 4

 
Rubyhill Properties Limited
 

 
Notes to the financial statements
For the year ended 30 June 2024

3.


Employees




The average monthly number of employees, excluding directors, during the year was 0 (2023 - 0).


4.


Fixed asset investments





Investments in subsidiary companies
Loans to property partnerships
Total

£
£
£



Cost or valuation


At 1 July 2023
1
2,132,800
2,132,801


Disposals
-
(2,109,862)
(2,109,862)


Share of profit/(loss)
-
(22,938)
(22,938)



At 30 June 2024

1
-
1






Net book value



At 30 June 2024
1
-
1



At 30 June 2023
1
2,132,800
2,132,801


5.


Creditors: Amounts falling due within one year

2024
2023
£
£

Amounts owed to group undertakings
315,790
481,919

Corporation tax
5,000
7,590

Accruals and deferred income
3,933
1,440

324,723
490,949


Page 5

 
Rubyhill Properties Limited
 

 
Notes to the financial statements
For the year ended 30 June 2024

6.


Deferred taxation




2024


£






At beginning of year
(423,721)


Charged to profit or loss
423,721



At end of year
-

The deferred taxation balance is made up as follows:

2024
2023
£
£


Revaluation of investments
-
(423,721)


7.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



2 (2023 - 2) Ordinary shares of £1.00 each
2
2



8.


Controlling party

The company regards Cardinal Estates Limited as its immediate parent company and Cardinal Group Limited, as its ultimate parent company.
The company considers its ultimate control relationship to be the directors of Cardinal Group Limited.
All companies mentioned above are registered in England and Wales. 


Page 6