2 false false false false false false false false false false true false false false false false false No description of principal activity 2023-10-01 Sage Accounts Production Advanced 2024 - FRS102_2024 xbrli:pure xbrli:shares iso4217:GBP 07106943 2023-10-01 2024-09-30 07106943 2024-09-30 07106943 2023-09-30 07106943 2022-10-01 2023-09-30 07106943 2023-09-30 07106943 2022-09-30 07106943 bus:Director2 2023-10-01 2024-09-30 07106943 bus:Director1 2023-10-01 2024-09-30 07106943 core:WithinOneYear 2024-09-30 07106943 core:WithinOneYear 2023-09-30 07106943 core:ShareCapital 2024-09-30 07106943 core:ShareCapital 2023-09-30 07106943 core:RetainedEarningsAccumulatedLosses 2024-09-30 07106943 core:RetainedEarningsAccumulatedLosses 2023-09-30 07106943 core:CostValuation core:Non-currentFinancialInstruments 2023-09-30 07106943 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2024-09-30 07106943 core:DisposalsRepaymentsInvestments core:Non-currentFinancialInstruments 2024-09-30 07106943 core:CostValuation core:Non-currentFinancialInstruments 2024-09-30 07106943 core:Non-currentFinancialInstruments 2024-09-30 07106943 core:Non-currentFinancialInstruments 2023-09-30 07106943 bus:Director1 2023-09-30 07106943 bus:Director1 2024-09-30 07106943 bus:Director1 2022-09-30 07106943 bus:Director1 2023-09-30 07106943 bus:Director1 2022-10-01 2023-09-30 07106943 bus:SmallEntities 2023-10-01 2024-09-30 07106943 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 07106943 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 07106943 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 07106943 bus:AbridgedAccounts 2023-10-01 2024-09-30
COMPANY REGISTRATION NUMBER: 07106943
RUMBAWLY LIMITED
Filleted Unaudited Abridged Financial Statements
30 September 2024
RUMBAWLY LIMITED
Abridged Statement of Financial Position
30 September 2024
2024
2023
Note
£
£
Fixed assets
Investments
5
527,432
546,376
Current assets
Cash at bank and in hand
14,248
17,496
Creditors: amounts falling due within one year
314,294
324,630
---------
---------
Net current liabilities
300,046
307,134
---------
---------
Total assets less current liabilities
227,386
239,242
---------
---------
Net assets
227,386
239,242
---------
---------
Capital and reserves
Called up share capital
2
2
Profit and loss account
227,384
239,240
---------
---------
Shareholders funds
227,386
239,242
---------
---------
These abridged 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 abridged statement of income and retained earnings has not been delivered.
For the 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 abridged financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements .
All of the members have consented to the preparation of the abridged statement of income and retained earnings and the abridged statement of financial position for the year ending 30 September 2024 in accordance with Section 444(2A) of the Companies Act 2006.
RUMBAWLY LIMITED
Abridged Statement of Financial Position (continued)
30 September 2024
These abridged financial statements were approved by the board of directors and authorised for issue on 6 June 2025 , and are signed on behalf of the board by:
C P J BARRETT
Director
Company registration number: 07106943
RUMBAWLY LIMITED
Notes to the Abridged Financial Statements
Year ended 30 September 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is International House, 107 Gloucester Road, Malmesbury, Wiltshire, SN16 0AJ.
2. Statement of compliance
These abridged financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The abridged 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 abridged financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Investments in associates
Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.
Investments in joint ventures
Investments in jointly controlled entities accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in jointly controlled entities accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the joint venture arising before or after the date of acquisition.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2023: 4 ).
5. Investments
£
Cost
At 1 October 2023
546,376
Additions
52,702
Disposals
( 71,646)
---------
At 30 September 2024
527,432
---------
Impairment
At 1 October 2023 and 30 September 2024
---------
Carrying amount
At 30 September 2024
527,432
---------
At 30 September 2023
546,376
---------
6. Directors' advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2024
Balance brought forward
Advances/ (credits) to the directors
Balance outstanding
£
£
£
F J BARRETT
( 311,111)
14,217
( 296,894)
---------
--------
---------
2023
Balance brought forward
Advances/ (credits) to the directors
Balance outstanding
£
£
£
F J BARRETT
( 266,221)
( 44,890)
( 311,111)
---------
--------
---------
7. Related party transactions
The company was under the control of Mr F and Mrs C Barrett throughout the current and previous year. Mr and Mrs Barrett are the only directors and shareholders.