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Company registration number: 04091281
Rudstone Residential Limited
Unaudited filleted financial statements
31 March 2025
Rudstone Residential Limited
Contents
Directors and other information
Statement of financial position
Statement of changes in equity
Notes to the financial statements
Rudstone Residential Limited
Directors and other information
Director Mr David Wilbraham
Company number 04091281
Registered office Ferriby Hall
High Street
North Ferriby
East Yorkshire
HU14 3JP
Rudstone Residential Limited
Statement of financial position
31 March 2025
2025 2024
Note £ £ £ £
Fixed assets
Tangible assets 4 801,000 801,000
_______ _______
801,000 801,000
Current assets
Debtors 5 732 965
Cash at bank and in hand 1,439 11,523
_______ _______
2,171 12,488
Creditors: amounts falling due
within one year 6 ( 48,835) ( 47,797)
_______ _______
Net current liabilities ( 46,664) ( 35,309)
_______ _______
Total assets less current liabilities 754,336 765,691
Creditors: amounts falling due
after more than one year 7 ( 85,787) ( 91,415)
Provisions for liabilities ( 56,481) ( 49,836)
_______ _______
Net assets 612,068 624,440
_______ _______
Capital and reserves
Called up share capital 1,000 1,000
Revaluation reserve 392,265 392,265
Profit and loss account 218,803 231,175
_______ _______
Shareholders funds 612,068 624,440
_______ _______
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 27 May 2025 , and are signed on behalf of the board by:
Mr David Wilbraham
Director
Company registration number: 04091281
Rudstone Residential Limited
Statement of changes in equity
Year ended 31 March 2025
Called up share capital Revaluation reserve Profit and loss account Total
£ £ £ £
At 1 April 2023 1,000 392,017 256,620 649,637
(Loss)/profit for the year 4,803 4,803
Other comprehensive income for the year:
Reclassification from revaluation reserve to profit and loss account 248 (248) -
_______ _______ _______ _______
Total comprehensive income for the year - 248 4,555 4,803
Dividends paid and payable ( 30,000) ( 30,000)
_______ _______ _______ _______
Total investments by and distributions to owners - - ( 30,000) ( 30,000)
_______ _______ _______ _______
At 31 March 2024 and 1 April 2024 1,000 392,265 231,175 624,440
(Loss)/profit for the year ( 372) ( 372)
_______ _______ _______ _______
Total comprehensive income for the year - - ( 372) ( 372)
Dividends paid and payable ( 12,000) ( 12,000)
_______ _______ _______ _______
Total investments by and distributions to owners - - ( 12,000) ( 12,000)
_______ _______ _______ _______
At 31 March 2025 1,000 392,265 218,803 612,068
_______ _______ _______ _______
Rudstone Residential Limited
Notes to the financial statements
Year ended 31 March 2025
1. General information
The company is a private company limited by shares, registered in England. The address of the registered office is Ferriby Hall, High Street, North Ferriby, East Yorkshire, HU14 3JP.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is recognised for rental fees as they fall due.
Taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax the company expects to pay or recover using the rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date using the tax rates and laws enacted or substantively enacted at the reporting date.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Freehold property - Nil % straight line
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates .
4. Tangible assets
Freehold property Total
£ £
Cost
At 1 April 2024 and 31 March 2025 801,000 801,000
_______ _______
Depreciation
At 1 April 2024 and 31 March 2025 - -
_______ _______
Carrying amount
At 31 March 2025 801,000 801,000
_______ _______
At 31 March 2024 801,000 801,000
_______ _______
5. Debtors
2025 2024
£ £
Other debtors 732 965
_______ _______
6. Creditors: amounts falling due within one year
2025 2024
£ £
Bank loans and overdrafts 6,130 6,130
Trade creditors 642 -
Corporation tax 1,471 1,105
Other creditors 40,592 40,562
_______ _______
48,835 47,797
_______ _______
7. Creditors: amounts falling due after more than one year
2025 2024
£ £
Bank loans and overdrafts 85,787 91,415
_______ _______
8. Directors advances, credits and guarantees
There have been no directors advances, credits of guarantees in the period.