Registered number
11526134
RR AND DAUGHTERS LIMITED
Filleted Accounts (unaudited)
31 August 2024
RR AND DAUGHTERS LIMITED
Registered number: 11526134
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 561,616 421,998
Current assets
Debtors 4 949 500
Cash at bank and in hand 14,648 17,723
15,597 18,223
Creditors: amounts falling due within one year 5 (359,886) (315,535)
Net current liabilities (344,289) (297,312)
Total assets less current liabilities 217,327 124,686
Creditors: amounts falling due after more than one year 6 (188,064) (93,689)
Net assets 29,263 30,997
Capital and reserves
Called up share capital 100 100
Profit and loss account 29,163 30,897
Shareholders' funds 29,263 30,997
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
K N Rajkumar
Director
Approved by the board on 28 May 2025
RR AND DAUGHTERS LIMITED
Notes to the Accounts
for the year ended 31 August 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Represents rents receivable from residential investment properties.
Tangible fixed assets
Comprise of residential investment properties. Investment proprieties are measured at fair value and are not depreciated. Fair value is estimated by the director at each balance sheet date. Changes in fair value are included in the profit and loss account as non-distributable items and are adjusted for tax purposes.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company - -
3 Tangible fixed assets
Investment properties Furniture & furnishings Total
£ £ £
Fair value
At 1 September 2023 421,603 465 422,068
Additions 139,616 73 139,689
At 31 August 2024 561,219 538 561,757
Depreciation
At 1 September 2023 - 70 70
Charge for the year - 71 71
At 31 August 2024 - 141 141
Net book value
At 31 August 2024 561,219 397 561,616
At 31 August 2023 421,603 395 421,998
4 Debtors 2024 2023
£ £
Other debtors 949 500
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors - 750
Amount owed to a company under common control of the director 304,500 259,500
Taxation and social security costs - 734
Other creditors 55,386 54,551
359,886 315,535
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 188,064 93,689
7 Loans 2024 2023
£ £
Creditors include:
Amounts payable otherwise than by instalment falling due for payment after more than five years 188,064 93,689
Secured bank loans 188,064 93,689
The bank loans are secured on the company's residential investment properties.
8 Transactions with the director
The company afforded its director the use of current account during the year. The movements on this account, in summary form, are given in the table below:
2024
£
Balance due to the director as at 01/09/23 52,737
Use of director personal asset 780
Personal items (185)
Balance due to the director as at 31/08/24 53,332
9 Other information
RR AND DAUGHTERS LIMITED is a private company limited by shares and incorporated in Wales. Its registered office is:
2 Shepley Court
Heol Isaf, Radyr
Cardiff
South Wales
CF15 8DX
RR AND DAUGHTERS LIMITED 11526134 false 2023-09-01 2024-08-31 2024-08-31 VT Final Accounts July 2024 K N Rajkumar No description of principal activity 11526134 2022-09-01 2023-08-31 11526134 core:WithinOneYear 2023-08-31 11526134 core:AfterOneYear 2023-08-31 11526134 core:ShareCapital 2023-08-31 11526134 core:RetainedEarningsAccumulatedLosses 2023-08-31 11526134 2023-09-01 2024-08-31 11526134 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 11526134 bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 11526134 bus:Director40 2023-09-01 2024-08-31 11526134 2 2023-09-01 2024-08-31 11526134 core:LandBuildings 2023-09-01 2024-08-31 11526134 core:PlantMachinery 2023-09-01 2024-08-31 11526134 countries:England 2023-09-01 2024-08-31 11526134 bus:FRS102 2023-09-01 2024-08-31 11526134 bus:FilletedAccounts 2023-09-01 2024-08-31 11526134 2024-08-31 11526134 core:WithinOneYear 2024-08-31 11526134 core:AfterOneYear 2024-08-31 11526134 core:ShareCapital 2024-08-31 11526134 core:RetainedEarningsAccumulatedLosses 2024-08-31 11526134 core:LandBuildings 2024-08-31 11526134 core:PlantMachinery 2024-08-31 11526134 2023-08-31 11526134 core:LandBuildings 2023-08-31 11526134 core:PlantMachinery 2023-08-31 iso4217:GBP xbrli:pure