Russet Eaves Management (Newbury) Limited 05512423 false 2023-08-01 2024-07-31 2024-07-31 The principal activity of the company is that of property management Digita Accounts Production Advanced 6.30.9574.0 true true 05512423 2023-08-01 2024-07-31 05512423 2024-07-31 05512423 bus:OrdinaryShareClass1 2024-07-31 05512423 core:CurrentFinancialInstruments 2024-07-31 05512423 core:CurrentFinancialInstruments core:WithinOneYear 2024-07-31 05512423 bus:SmallEntities 2023-08-01 2024-07-31 05512423 bus:AuditExemptWithAccountantsReport 2023-08-01 2024-07-31 05512423 bus:FilletedAccounts 2023-08-01 2024-07-31 05512423 bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 05512423 bus:RegisteredOffice 2023-08-01 2024-07-31 05512423 bus:CompanySecretary1 2023-08-01 2024-07-31 05512423 bus:Director1 2023-08-01 2024-07-31 05512423 bus:Director3 2023-08-01 2024-07-31 05512423 bus:Director4 2023-08-01 2024-07-31 05512423 bus:OrdinaryShareClass1 2023-08-01 2024-07-31 05512423 bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 05512423 countries:EnglandWales 2023-08-01 2024-07-31 05512423 2022-08-01 2023-07-31 05512423 2023-07-31 05512423 bus:OrdinaryShareClass1 2023-07-31 05512423 core:CurrentFinancialInstruments 2023-07-31 05512423 core:CurrentFinancialInstruments core:WithinOneYear 2023-07-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 05512423

Russet Eaves Management (Newbury) Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 July 2024

 

Russet Eaves Management (Newbury) Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 4

 

Russet Eaves Management (Newbury) Limited

Company Information

Directors

J Legg

N Thomson

E Peat

Company secretary

Innovus Company Secretaries Limited

Registered office

Queensway House
Queensway
New Milton
Hampshire
BH25 5NR

Accountants

EJBC Chartered Accountants
2 Toomers Wharf
Canal Walk
Newbury
Berkshire
RG14 1DY

 

Russet Eaves Management (Newbury) Limited

(Registration number: 05512423)
Balance Sheet as at 31 July 2024

Note

2024
£

2023
£

Current assets

 

Debtors

1,410

1,376

Cash at bank and in hand

 

12,658

10,506

 

14,068

11,882

Creditors: Amounts falling due within one year

(2,734)

(705)

Net assets

 

11,334

11,177

Capital and reserves

 

Called up share capital

3

12

12

Retained earnings

11,322

11,165

Shareholders' funds

 

11,334

11,177

For the financial year ending 31 July 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 of the Companies Act 2006; 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.

Approved and authorised by the Board on 31 March 2025 and signed on its behalf by:
 

.........................................
J Legg
Director

 

Russet Eaves Management (Newbury) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

1

Accounting policies

Summary of significant accounting policies and key accounting estimates

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.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

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.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Russet Eaves Management (Newbury) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

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.

2

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2023 - 3).

3

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

12

12

12

12