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REGISTERED NUMBER: 01568939 (England and Wales)















RUSHETT COMMON PROPERTIES LIMITED

Unaudited Financial Statements

for the Year Ended 29 March 2025






RUSHETT COMMON PROPERTIES LIMITED (REGISTERED NUMBER: 01568939)

Contents of the Financial Statements
for the year ended 29 March 2025










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


RUSHETT COMMON PROPERTIES LIMITED

Company Information
for the year ended 29 March 2025







Directors: H L Forbes
A Womersley





Registered office: 115 Mount Street
London
W1K 3NQ





Registered number: 01568939 (England and Wales)





Accountants: Cooper Parry Advisory Limited
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA

RUSHETT COMMON PROPERTIES LIMITED (REGISTERED NUMBER: 01568939)

Balance Sheet
29 March 2025

2025 2024
Notes £ £
Fixed assets
Investment property 4 715,000 715,000

Current assets
Debtors 5 6,304 5,628
Cash at bank 38,249 64,045
44,553 69,673
Creditors
Amounts falling due within one year 6 (23,473 ) (19,516 )
Net current assets 21,080 50,157
Total assets less current liabilities 736,080 765,157

Provisions for liabilities (85,592 ) (85,592 )
Net assets 650,488 679,565

Capital and reserves
Called up share capital 7 1,000 1,000
Fair value reserve 519,239 519,239
Retained earnings 130,249 159,326
Shareholders' funds 650,488 679,565

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 June 2025 and were signed on its behalf by:





H L Forbes - Director


RUSHETT COMMON PROPERTIES LIMITED (REGISTERED NUMBER: 01568939)

Notes to the Financial Statements
for the year ended 29 March 2025


1. Statutory information

Rushett Common Properties Limited is a private company limited by shares and incorporated in England and Wales. The address of the company's registered office is 115 Mount Street, London, W1K 3NQ. The registered number is 01568939.

2. Accounting policies

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of-Section 1A "Small Entities" of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value.

The presentation currency of these financial statements is Sterling pound, being the currency of the primary economic market in which the entity operates its functional currency. All amounts in these financial statements have been rounded to the nearest pound unless stated otherwise.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property
Investment properties are properties which are held either to earn rental income or for capital appreciation or for both.

Investment properties are measured at cost upon initial recognition. The initial cost of the property comprises of its purchase price and any directly attributable expenditure.

Subsequently, investment property is measured at fair value at each reporting date with changes in fair value recognised in the income statement in the period that they arise. No depreciation is provided in respect of investment properties applying the fair value model.

Financial instruments
The company has applied the provisions of Section 11 "Basic Financial Instruments" and Section 12 "Other Financial Instrument Issues" of FRS 102 to its financial statements.

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Leasing incentives
The company from time to time provides incentives to enter into new lease agreements. These incentives may take the form of an initial period of the lease being rent free or at a reduced rent. In accordance with the standard accounting treatment for lease incentives, the rent free period or reduction in rent is allocated on a straight line basis over the full lease term or, where a lease commenced prior to the date of transition to Section 1A of FRS 102, up to the rent review date.

3. Employees and directors

The average number of employees during the year was 2 (2024 - 3 ) .

RUSHETT COMMON PROPERTIES LIMITED (REGISTERED NUMBER: 01568939)

Notes to the Financial Statements - continued
for the year ended 29 March 2025


4. Investment property
Total
£
Fair value
At 30 March 2024
and 29 March 2025 715,000
Net book value
At 29 March 2025 715,000
At 29 March 2024 715,000

Independent professional revaluations of all investment properties, taking into account the open market conditions, were carried out as at 29 March 2023. The Directors confirm the value of the property us unlikely to have materially changed since this valuation.

2025 2024
£ £

Historical cost 110,169 110,169

5. Debtors: amounts falling due within one year
2025 2024
£ £
Trade debtors 5,523 5,628
Other debtors 781 -
6,304 5,628

6. Creditors: amounts falling due within one year
2025 2024
£ £
Trade creditors - 4,500
Taxation and social security 8,598 4,133
Other creditors 14,875 10,883
23,473 19,516

7. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £ £
1,000 Ordinary £1 1,000 1,000

8. Ultimate controlling party

The directors consider Barbie Properties Limited to be both the immediate parent company and the ultimate parent company. The address of their registered office is 115 Mount Street, London, W1K 3NQ.