| REGISTERED NUMBER: |
| RUSHETT COMMON PROPERTIES LIMITED |
| Unaudited Financial Statements |
| for the Year Ended 29 March 2025 |
| REGISTERED NUMBER: |
| 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: |
| Registered office: |
| Registered number: |
| Accountants: |
| 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 |
| Current assets |
| Debtors | 5 |
| Cash at bank |
| Creditors |
| Amounts falling due within one year | 6 | ( |
) | ( |
) |
| Net current assets |
| Total assets less current liabilities |
| Provisions for liabilities | ( |
) | ( |
) |
| Net assets |
| Capital and reserves |
| Called up share capital | 7 |
| Fair value reserve |
| Retained earnings |
| Shareholders' funds |
| 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 were approved by the Board of Directors and authorised for issue on |
| 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 |
| 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 |
| Net book value |
| At 29 March 2025 |
| At 29 March 2024 |
| 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 |
| Other debtors |
| 6. | Creditors: amounts falling due within one year |
| 2025 | 2024 |
| £ | £ |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 7. | Called up share capital |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2025 | 2024 |
| value: | £ | £ |
| 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. |