Caseware UK (AP4) 2024.0.164 2024.0.164 The principal activity of the company continued to be that of property investmentfalse2023-07-01false00truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 05650435 2023-07-01 2024-06-30 05650435 2022-07-01 2023-06-30 05650435 2024-06-30 05650435 2023-06-30 05650435 c:Director3 2023-07-01 2024-06-30 05650435 d:CurrentFinancialInstruments 2024-06-30 05650435 d:CurrentFinancialInstruments 2023-06-30 05650435 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 05650435 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 05650435 d:ShareCapital 2024-06-30 05650435 d:ShareCapital 2023-06-30 05650435 d:RevaluationReserve 2024-06-30 05650435 d:RevaluationReserve 2023-06-30 05650435 d:RetainedEarningsAccumulatedLosses 2024-06-30 05650435 d:RetainedEarningsAccumulatedLosses 2023-06-30 05650435 c:OrdinaryShareClass1 2023-07-01 2024-06-30 05650435 c:OrdinaryShareClass1 2024-06-30 05650435 c:OrdinaryShareClass1 2023-06-30 05650435 c:FRS102 2023-07-01 2024-06-30 05650435 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 05650435 c:FullAccounts 2023-07-01 2024-06-30 05650435 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 05650435 5 2023-07-01 2024-06-30 05650435 6 2023-07-01 2024-06-30 05650435 d:OtherDeferredTax 2024-06-30 05650435 d:OtherDeferredTax 2023-06-30 05650435 e:PoundSterling 2023-07-01 2024-06-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 05650435










Rubyhill (Mount View) Limited








Unaudited

Financial statements

For the year ended 30 June 2024

 
Rubyhill (Mount View) Limited
Registered number: 05650435

Balance sheet
As at 30 June 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 4 
818,138
720,559

  
818,138
720,559

Current assets
  

Debtors: amounts falling due within one year
 5 
71,652
237,781

  
71,652
237,781

Creditors: amounts falling due within one year
 6 
(3,040)
(174,367)

Net current assets
  
 
 
68,612
 
 
63,414

Total assets less current liabilities
  
886,750
783,973

Provisions for liabilities
  

Deferred tax
 7 
(158,646)
(121,843)

  
 
 
(158,646)
 
 
(121,843)

Net assets
  
728,104
662,130


Capital and reserves
  

Called up share capital 
 8 
1
1

Revaluation reserve
  
301,537
350,045

Profit and loss account
  
426,566
312,084

  
728,104
662,130


Page 1

 
Rubyhill (Mount View) Limited
Registered number: 05650435

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 (Mount View) 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 a property partnership, 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 Section 1A of Financial Reporting
Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and
the Companies Act 2006.
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.
The following principal accounting policies have been applied:

 
2.2

Revaluation of tangible fixed assets

Individual freehold and leasehold properties are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the balance sheet date.
Fair values are determined from market based evidence normally undertaken by professionally qualified valuers.

Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.

 
2.3

Valuation of investments

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. 

 
2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.5

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 (Mount View) Limited
 

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

2.Accounting policies (continued)

 
2.6

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.7

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.

 
2.8

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.

 
2.9

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.



3.


Employees




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

Page 4

 
Rubyhill (Mount View) Limited
 

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

4.


Fixed asset investments





Loans to property partnerships

£



Valuation


At 1 July 2023
720,559


Distributions
(35,488)


Additions
90,438


Foreign exchange movement
(1,100)


Revaluations
43,729



At 30 June 2024

818,138






Net book value



At 30 June 2024
818,138



At 30 June 2023
720,559


5.


Debtors

2024
2023
£
£


Amounts owed by group undertakings
71,651
237,780

Other debtors
1
1

71,652
237,781



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
-
160,555

Other creditors
-
10,292

Accruals and deferred income
3,040
3,520

3,040
174,367


Page 5

 
Rubyhill (Mount View) Limited
 

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

7.


Deferred taxation




2024


£






At beginning of year
(121,843)


Charged to profit or loss
(36,803)



At end of year
(158,646)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Revaluation of investments
(158,646)
(121,843)


8.


Share capital

2024
2023
£
£
Allotted, called up and partly paid



1 (2023 - 1) Ordinary share of £1.00
1
1



9.


Controlling party

The company regards Rubyhill Properties 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