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REGISTERED NUMBER: 02259486 (England and Wales)



















RUSHBROOK AND RATHBONE LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024






RUSHBROOK AND RATHBONE LIMITED (REGISTERED NUMBER: 02259486)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


RUSHBROOK AND RATHBONE LIMITED (REGISTERED NUMBER: 02259486)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 26,801 30,593

CURRENT ASSETS
Debtors 5 503,349 223,851
Cash at bank 33,793 59,389
537,142 283,240
CREDITORS
Amounts falling due within one year 6 242,709 234,646
NET CURRENT ASSETS 294,433 48,594
TOTAL ASSETS LESS CURRENT
LIABILITIES

321,234

79,187

CREDITORS
Amounts falling due after more than one
year

7

(263,078

)

(16,667

)

PROVISIONS FOR LIABILITIES (5,092 ) (5,813 )
NET ASSETS 53,064 56,707

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 52,964 56,607
SHAREHOLDERS' FUNDS 53,064 56,707

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

RUSHBROOK AND RATHBONE LIMITED (REGISTERED NUMBER: 02259486)

BALANCE SHEET - continued
30 SEPTEMBER 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 11 April 2025 and were signed by:





Ms R K Sharma - Director


RUSHBROOK AND RATHBONE LIMITED (REGISTERED NUMBER: 02259486)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1. STATUTORY INFORMATION

Rushbrook And Rathbone Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 02259486

Registered office: 71 Knowl Piece
Wilbury Way
Hitchin
Hertfordshire
SG4 0TY

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Going concern
The Director believes that the Company will have adequate resources to meet its liabilities as they fall due for at least twelve months from the date of approval of these financial statements. Accordingly, the going concern basis has been adopted in preparing these financial statements.

Finance costs
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Borrowing costs
All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Turnover
Turnover is derived from estate agency services and recognised when the services are received by the customer. Turnover is recorded at the fair value of the consideration received or receivable, and excludes value added tax and rebates.

Interest income
Interest income is recognised in profit or loss using the effective interest method.

Revenue
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Short leasehold - 33% on reducing balance
Office equipment - 20% on reducing balance
Computer equipment - 20% on reducing balance


RUSHBROOK AND RATHBONE LIMITED (REGISTERED NUMBER: 02259486)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2. ACCOUNTING POLICIES - continued
Current and deferred taxation
The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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 income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:

- The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

- Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Foreign currencies
Transactions and balances
Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non­ monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Leasing and hire purchase
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired by finance lease are depreciated over the shorter of the lease term and their useful lives.Assets acquired by hire purchase are depreciated over their useful lives.Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the Income statement so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Pensions

Defined contribution pension plan
The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

RUSHBROOK AND RATHBONE LIMITED (REGISTERED NUMBER: 02259486)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2. ACCOUNTING POLICIES - continued

Debtors
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Provisions for liabilities
Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the reporting date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the Statement of Financial Position.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2023 - 15 ) .

4. TANGIBLE FIXED ASSETS
Short Office Computer
leasehold equipment equipment Totals
£    £    £    £   
COST
At 1 October 2023 47,190 56,666 182,148 286,004
Additions - 950 2,205 3,155
At 30 September 2024 47,190 57,616 184,353 289,159
DEPRECIATION
At 1 October 2023 44,209 51,229 159,973 255,411
Charge for year 982 1,169 4,796 6,947
At 30 September 2024 45,191 52,398 164,769 262,358
NET BOOK VALUE
At 30 September 2024 1,999 5,218 19,584 26,801
At 30 September 2023 2,981 5,437 22,175 30,593

RUSHBROOK AND RATHBONE LIMITED (REGISTERED NUMBER: 02259486)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:
Short Office Computer
leasehold equipment equipment Totals
£    £    £    £   
COST
At 1 October 2023
and 30 September 2024 46,155 1,376 76,937 124,468
DEPRECIATION
At 1 October 2023 43,275 1,073 66,062 110,410
Charge for year 949 61 2,176 3,186
At 30 September 2024 44,224 1,134 68,238 113,596
NET BOOK VALUE
At 30 September 2024 1,931 242 8,699 10,872
At 30 September 2023 2,880 303 10,875 14,058

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 48,856 20,389
Other debtors 454,493 203,462
503,349 223,851

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 19,776 26,695
Taxation and social security 80,514 75,210
Other creditors 132,419 122,741
242,709 234,646

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 6,667 16,667
Other creditors 256,411 -
263,078 16,667

RUSHBROOK AND RATHBONE LIMITED (REGISTERED NUMBER: 02259486)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 33,370 33,370
Between one and five years 61,875 95,245
95,245 128,615

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £54,000 (2023 - £96,650) were paid to the directors .

At the balance sheet date, £375 was owed to the director by the company (2023 - £256)