R&R (Watford) Ltd 11760840 false 2023-09-01 2024-08-31 2024-08-31 The principal activity of the company is investing in commercial property. Digita Accounts Production Advanced 6.30.9574.0 true true 11760840 2023-09-01 2024-08-31 11760840 2024-08-31 11760840 bus:OrdinaryShareClass1 2024-08-31 11760840 core:CurrentFinancialInstruments 2024-08-31 11760840 core:CurrentFinancialInstruments core:WithinOneYear 2024-08-31 11760840 core:Non-currentFinancialInstruments core:AfterOneYear 2024-08-31 11760840 bus:SmallEntities 2023-09-01 2024-08-31 11760840 bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 11760840 bus:FilletedAccounts 2023-09-01 2024-08-31 11760840 bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 11760840 bus:RegisteredOffice 2023-09-01 2024-08-31 11760840 bus:Director1 2023-09-01 2024-08-31 11760840 bus:Director2 2023-09-01 2024-08-31 11760840 bus:OrdinaryShareClass1 2023-09-01 2024-08-31 11760840 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 11760840 countries:EnglandWales 2023-09-01 2024-08-31 11760840 2023-08-31 11760840 2022-09-01 2023-08-31 11760840 2023-08-31 11760840 bus:OrdinaryShareClass1 2023-08-31 11760840 core:CurrentFinancialInstruments 2023-08-31 11760840 core:CurrentFinancialInstruments core:WithinOneYear 2023-08-31 11760840 core:Non-currentFinancialInstruments core:AfterOneYear 2023-08-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 11760840

R&R (Watford) Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 August 2024

 

R&R (Watford) Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 7

 

R&R (Watford) Ltd

Company Information

Directors

Lord RS Ranger CBE

Lady R Ranger

Registered office

Sun House
428 Long Drive
Greenford
Middlesex
UB6 8UH

Accountants

Xeinadin London Ltd
26 High Street
Rickmansworth
Herts
WD3 1ER

 

R&R (Watford) Ltd

(Registration number: 11760840)
Balance Sheet as at 31 August 2024

Note

2024
£

2023
£

Fixed assets

 

Investment property

4

1,278,250

1,278,250

Current assets

 

Debtors

5

-

12,300

Cash at bank and in hand

 

52,496

112,815

 

52,496

125,115

Creditors: Amounts falling due within one year

6

(52,939)

(50,434)

Net current (liabilities)/assets

 

(443)

74,681

Total assets less current liabilities

 

1,277,807

1,352,931

Creditors: Amounts falling due after more than one year

6

(894,690)

(1,078,163)

Net assets

 

383,117

274,768

Capital and reserves

 

Called up share capital

7

100

100

Retained earnings

383,017

274,668

Shareholders' funds

 

383,117

274,768

For the financial year ending 31 August 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; 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.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 29 April 2025 and signed on its behalf by:
 

 

R&R (Watford) Ltd

(Registration number: 11760840)
Balance Sheet as at 31 August 2024

.........................................
Lady R Ranger
Director

 

R&R (Watford) Ltd

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

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Sun House
428 Long Drive
Greenford
Middlesex
UB6 8UH
United Kingdom

These financial statements were authorised for issue by the Board on 29 April 2025.

2

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.

 

R&R (Watford) Ltd

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

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

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.

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.

3

Staff numbers

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

 

R&R (Watford) Ltd

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

4

Investment properties

2024
£

At 1 September

1,278,250

At 31 August

1,278,250

The property was independently valued in January 2022 by Messers Perry Holt & Co.

The directors consider the property is stated at its fair value given the recent valuation and the state of the property market.

5

Debtors

Current

2024
£

2023
£

Trade debtors

-

12,300

 

-

12,300

 

R&R (Watford) Ltd

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

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

13,254

959

Taxation and social security

29,268

39,059

Accruals and deferred income

10,417

10,417

Other creditors

-

(1)

52,939

50,434

Creditors: amounts falling due after more than one year

2024
£

2023
£

Due after one year

Other non-current financial liabilities

894,690

1,078,163

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary Shares of £1 each

100

100

100

100