| 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 |