Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-052024-04-05The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-04-06falseNo description of principal activity22falsetruefalse 01500646 2023-04-06 2024-04-05 01500646 2022-04-06 2023-04-05 01500646 2024-04-05 01500646 2023-04-05 01500646 c:Director3 2023-04-06 2024-04-05 01500646 d:FurnitureFittings 2023-04-06 2024-04-05 01500646 d:FurnitureFittings 2024-04-05 01500646 d:FurnitureFittings 2023-04-05 01500646 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-04-06 2024-04-05 01500646 d:FreeholdInvestmentProperty 2023-04-06 2024-04-05 01500646 d:FreeholdInvestmentProperty 2024-04-05 01500646 d:FreeholdInvestmentProperty 2023-04-05 01500646 d:CurrentFinancialInstruments 2024-04-05 01500646 d:CurrentFinancialInstruments 2023-04-05 01500646 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-05 01500646 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-05 01500646 d:ShareCapital 2024-04-05 01500646 d:ShareCapital 2023-04-05 01500646 d:RevaluationReserve 2023-04-06 2024-04-05 01500646 d:RevaluationReserve 2024-04-05 01500646 d:RevaluationReserve 2023-04-05 01500646 d:OtherMiscellaneousReserve 2023-04-06 2024-04-05 01500646 d:OtherMiscellaneousReserve 2024-04-05 01500646 d:OtherMiscellaneousReserve 2023-04-05 01500646 d:RetainedEarningsAccumulatedLosses 2023-04-06 2024-04-05 01500646 d:RetainedEarningsAccumulatedLosses 2024-04-05 01500646 d:RetainedEarningsAccumulatedLosses 2023-04-05 01500646 c:FRS102 2023-04-06 2024-04-05 01500646 c:AuditExempt-NoAccountantsReport 2023-04-06 2024-04-05 01500646 c:FullAccounts 2023-04-06 2024-04-05 01500646 c:PrivateLimitedCompanyLtd 2023-04-06 2024-04-05 01500646 2 2023-04-06 2024-04-05 01500646 5 2023-04-06 2024-04-05 01500646 e:PoundSterling 2023-04-06 2024-04-05 iso4217:GBP xbrli:pure
Registered number: 01500646


RUBICON SERVICES LIMITED
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 5 APRIL 2024

 
RUBICON SERVICES LIMITED
 

CONTENTS



Page
Balance Sheet
 
 
1 - 2
Notes to the Financial Statements
 
 
3 - 7


 
RUBICON SERVICES LIMITED
REGISTERED NUMBER:01500646

BALANCE SHEET
AS AT 5 APRIL 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
827
568

Investment property
 5 
1,550,811
1,720,250

  
1,551,638
1,720,818

Current assets
  

Debtors: amounts falling due within one year
 6 
47,417
67,370

Cash at bank and in hand
 7 
204,893
19,586

  
252,310
86,956

Creditors: amounts falling due within one year
 8 
(105,790)
(87,172)

Net current assets/(liabilities)
  
 
 
146,520
 
 
(216)

  

Net assets
  
1,698,158
1,720,602


Capital and reserves
  

Called up share capital 
  
1,587
1,587

Revaluation reserve
 9 
469,007
476,250

Other reserves
 9 
1,587
1,587

Profit and loss account
 9 
1,225,977
1,241,178

  
1,698,158
1,720,602


Page 1

 
RUBICON SERVICES LIMITED
REGISTERED NUMBER:01500646
    
BALANCE SHEET (CONTINUED)
AS AT 5 APRIL 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 income and retained earnings 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: 




................................................
T Davis
Director

Date: 2 April 2025

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
RUBICON SERVICES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024

1.


General information

Rubicon Services Limited is a private company limited by shares, registered in England and Wales, registered number 01500646.
The registered office is 3 Lake Walk, Collingtree, Northampton Lake Walk, Northampton, NN4 0NH. 

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 following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Taxation

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.


 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives:

Depreciation is provided on the following basis:

Fixtures and fittings
-
15%
reducing balance

Page 3

 
RUBICON SERVICES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024

2.Accounting policies (continued)

 
2.6

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.

  
2.7

Investment property

Investment property is carried at fair value determined annually by the directors and derived from the
current market rents and investment property yields for comparable real estate, adjusted if
necessary for any difference in the nature, location or condition of the specific asset. No depreciation
is provided. Changes in fair value are recognised in the Statement of income and retained earnings.

 
2.8

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.

 
2.9

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.

 
2.10

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 4

 
RUBICON SERVICES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024

2.Accounting policies (continued)

 
2.11

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of
financial assets and liabilities like trade and other debtors and creditors, loans from banks and other
third parties, loans to related parties and investments in ordinary shares.

 
2.12

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).


4.


Tangible fixed assets





Fixtures and fittings

£



Cost or valuation


At 6 April 2023
1,769


Additions
400



At 5 April 2024

2,169



Depreciation


At 6 April 2023
1,201


Charge for the year on owned assets
141



At 5 April 2024

1,342



Net book value



At 5 April 2024
827



At 5 April 2023
568

Page 5

 
RUBICON SERVICES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024

5.


Investment property


Freehold investment property

£



Valuation


At 6 April 2023
1,720,250


Disposals
(169,439)



At 5 April 2024
1,550,811

The figures stated above for cost or valuation for investment properties include a valuation of £1,550,811 (2023 - £1,720,250).
The basis of the valuation used was open market value and the surplus was transferred to revaluation reserve. As the directors are not aware of any material change in value of investment properties, no further valuation has been sought.





6.


Debtors

2024
2023
£
£


Trade debtors
47,417
55,165

Prepayments and accrued income
-
12,205

47,417
67,370



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
204,893
19,586


Page 6

 
RUBICON SERVICES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024

8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
50,365
26,876

Other creditors
8,116
8,116

Accruals and deferred income
47,309
52,180

105,790
87,172



9.


Reserves

Revaluation reserve

This reserve is used to record increases in the fair value of land and buildings and decreases to the extent that such decrease relates to an increase on the same asset.

Other reserves

This reserve records the nominal value of shares repurchased by the company.

Profit and loss account

The profit and loss account includes all current and prior period accumulated profits and losses.


10.


Controlling party

The directors are this company's controlling related party by virtue of their office and their shareholding in the company.

 
Page 7