Roadtune Cars Limited 00915637 false 2023-10-01 2024-09-30 2024-09-30 The principal activity of the company is Property investment Digita Accounts Production Advanced 6.30.9574.0 true 00915637 2023-10-01 2024-09-30 00915637 2024-09-30 00915637 core:OtherReservesSubtotal 2024-09-30 00915637 core:RetainedEarningsAccumulatedLosses 2024-09-30 00915637 core:ShareCapital 2024-09-30 00915637 core:CurrentFinancialInstruments 2024-09-30 00915637 core:CurrentFinancialInstruments core:WithinOneYear 2024-09-30 00915637 bus:SmallEntities 2023-10-01 2024-09-30 00915637 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 00915637 bus:FilletedAccounts 2023-10-01 2024-09-30 00915637 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 00915637 bus:RegisteredOffice 2023-10-01 2024-09-30 00915637 bus:Director3 2023-10-01 2024-09-30 00915637 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 00915637 countries:EnglandWales 2023-10-01 2024-09-30 00915637 2023-09-30 00915637 2022-10-01 2023-09-30 00915637 2023-09-30 00915637 core:OtherReservesSubtotal 2023-09-30 00915637 core:RetainedEarningsAccumulatedLosses 2023-09-30 00915637 core:ShareCapital 2023-09-30 00915637 core:CurrentFinancialInstruments 2023-09-30 00915637 core:CurrentFinancialInstruments core:WithinOneYear 2023-09-30 iso4217:GBP xbrli:pure

Registration number: 00915637

Roadtune Cars Limited
 

Annual Report and Unaudited Financial Statements- Companies house filing

for the Year Ended 30 September 2024

 

Roadtune Cars Limited

Contents

Statement of Financial Position

1 to 2

Notes to the Unaudited Financial Statements

3 to 4

 

Roadtune Cars Limited

(Registration number: 00915637)
Statement of Financial Position as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Investment property

4

180,000

200,000

Current assets

 

Debtors

2,248

1,541

Cash at bank and in hand

 

18,897

11,757

 

21,145

13,298

Creditors: Amounts falling due within one year

5

(3,798)

(4,267)

Net current assets

 

17,347

9,031

Total assets less current liabilities

 

197,347

209,031

Provisions for liabilities

(5,497)

(5,497)

Net assets

 

191,850

203,534

Capital and reserves

 

Called up share capital

100

100

Fair value reserves

95,357

115,357

Profit and loss account

96,393

88,077

Shareholders' funds

 

191,850

203,534

For the financial year ending 30 September 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 provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

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 director has not delivered to the registrar a copy of the Income Statement.

 

Roadtune Cars Limited

(Registration number: 00915637)
Statement of Financial Position as at 30 September 2024

Approved and authorised by the Board on 10 April 2025 and signed on its behalf by:
 

.........................................

Mr N P Taylor
Director

 

Roadtune Cars Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 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: Grove Lodge, Walkers Ridge, Camberley, Surrey, GU15 2DF.

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.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities.

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. 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.

Trade debtors

Short term debtors are measured at transaction price, less any impairment.

Cash and cash equivalents

Cash is represented by cash in hand and bank deposits.

Trade creditors

Short term creditors are measured at the transaction price.

 

Roadtune Cars Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Provisions

Provisions are recognised when the company has an obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

Employee benefits

Short-term employee benefits are recognised as an expense in the period which they are incurred.

Financial instruments

The Company only enters into basic financial instruments 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 and loans to related parties.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 1 (2023 - 1).

4

Investment properties

2024
£

At 1 October 2023

200,000

Fair value adjustments

(20,000)

At 30 September 2024

180,000

The director has considered the fair value of the property held and considers that, based on the location and market conditions, the current revaluation is a reasonable estimate of the current position.

There has been no valuation of investment property by an independent valuer.

5

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Taxation and social security

2,772

3,075

Accruals and deferred income

690

660

Other creditors

336

532

3,798

4,267