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Company No: 00342127 (England and Wales)

RUFIJO BUILDING & TRADING CO. LIMITED

Unaudited Financial Statements
For the financial year ended 05 April 2024
Pages for filing with the registrar

RUFIJO BUILDING & TRADING CO. LIMITED

Unaudited Financial Statements

For the financial year ended 05 April 2024

Contents

RUFIJO BUILDING & TRADING CO. LIMITED

BALANCE SHEET

As at 05 April 2024
RUFIJO BUILDING & TRADING CO. LIMITED

BALANCE SHEET (continued)

As at 05 April 2024
Note 2024 2023
£ £
Current assets
Debtors 4 438,511 355,397
Cash at bank and in hand 72,443 88,026
510,954 443,423
Creditors: amounts falling due within one year 5 ( 1,303,345) ( 207,332)
Net current (liabilities)/assets (792,391) 236,091
Total assets less current liabilities (792,391) 236,091
Net (liabilities)/assets ( 792,391) 236,091
Capital and reserves
Called-up share capital 6 1,750 1,750
Other reserves 19,129 19,129
Profit and loss account ( 813,270 ) 215,212
Total shareholders' (deficit)/funds ( 792,391) 236,091

For the financial year ending 05 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Rufijo Building & Trading Co. Limited (registered number: 00342127) were approved and authorised for issue by the Board of Directors. They were signed on its behalf by:

D. Edelstein
Director

25 April 2025

RUFIJO BUILDING & TRADING CO. LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 05 April 2024
RUFIJO BUILDING & TRADING CO. LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 05 April 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Rufijo Building & Trading Co. Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the company's registered office is 34-36 Maddox Street, London, W1S 1PD, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover represents management services and commission receivable for the year.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

2. Critical accounting judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements that have a significant impact on the amounts recognised. The following are the critical judgements that the directors have made in the process of applying the company’s accounting policies and that have the most significant effect on the amounts recognised in the financial statements.

3. Employees

2024 2023
Number Number
Monthly average number of persons employed by the company during the year, including directors 3 5

4. Debtors

2024 2023
£ £
Corporation tax 0 6,792
Other debtors 438,511 348,605
438,511 355,397

5. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 0 7,050
Other creditors 1,303,345 200,282
1,303,345 207,332

6. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
1,750 Ordinary shares of £ 1.00 each 1,750 1,750

7. Related party transactions

Transactions with the entity's directors

2024 2023
£ £
Amount due to directors 25,699 23,537

Other related party transactions

2024 2023
£ £
Included in debtors, amount due by companies in which the directors have an interest 436,186 346,280
Included in creditors, amount due to companies in which the directors have an interest 1,272,045 1,975,898