Properties of RR Limited 15422187 false 2024-01-17 2025-01-31 2025-01-31 The principal activity of the company is letting. Digita Accounts Production Advanced 6.30.9574.0 true 15422187 2024-01-17 2025-01-31 15422187 2025-01-31 15422187 core:RetainedEarningsAccumulatedLosses 2025-01-31 15422187 core:ShareCapital 2025-01-31 15422187 core:CurrentFinancialInstruments core:WithinOneYear 2025-01-31 15422187 core:Non-currentFinancialInstruments 2025-01-31 15422187 core:Non-currentFinancialInstruments core:AfterOneYear 2025-01-31 15422187 core:FurnitureFittingsToolsEquipment 2025-01-31 15422187 bus:SmallEntities 2024-01-17 2025-01-31 15422187 bus:AuditExemptWithAccountantsReport 2024-01-17 2025-01-31 15422187 bus:FilletedAccounts 2024-01-17 2025-01-31 15422187 bus:SmallCompaniesRegimeForAccounts 2024-01-17 2025-01-31 15422187 bus:RegisteredOffice 2024-01-17 2025-01-31 15422187 bus:Director1 2024-01-17 2025-01-31 15422187 bus:PrivateLimitedCompanyLtd 2024-01-17 2025-01-31 15422187 core:FurnitureFittings 2024-01-17 2025-01-31 15422187 core:FurnitureFittingsToolsEquipment 2024-01-17 2025-01-31 15422187 core:OfficeEquipment 2024-01-17 2025-01-31 15422187 countries:EnglandWales 2024-01-17 2025-01-31 iso4217:GBP xbrli:pure

Registration number: 15422187

Properties of RR Limited

Unaudited Financial Statements

for the Period from 17 January 2024 to 31 January 2025

 

Properties of RR Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 5

 

Properties of RR Limited

(Registration number: 15422187)
Balance Sheet as at 31 January 2025

Note

2025
£

Fixed assets

 

Tangible assets

4

5,723

Investment property

5

296,742

 

302,465

Current assets

 

Cash at bank and in hand

 

4,566

Creditors: Amounts falling due within one year

6

(108,408)

Net current liabilities

 

(103,842)

Total assets less current liabilities

 

198,623

Creditors: Amounts falling due after more than one year

6

(198,275)

Net assets

 

348

Capital and reserves

 

Called up share capital

100

Retained earnings

248

Shareholders' funds

 

348

For the financial period ending 31 January 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 accounts for the period in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 11 June 2025
 

.........................................
Miss R Roberts
Director

 

Properties of RR Limited

Notes to the Unaudited Financial Statements for the Period from 17 January 2024 to 31 January 2025

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit 7-9 Macon Court
Herald Drive
Crewe
CW1 6EA
England

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

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

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax.

The current 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 taxable income.

 

Properties of RR Limited

Notes to the Unaudited Financial Statements for the Period from 17 January 2024 to 31 January 2025

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Computer Equipment

3 Years straight line

Fixtures and Fittings

15% reducing balance

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 1.

 

Properties of RR Limited

Notes to the Unaudited Financial Statements for the Period from 17 January 2024 to 31 January 2025

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

Additions

6,804

6,804

At 31 January 2025

6,804

6,804

Depreciation

Charge for the period

1,081

1,081

At 31 January 2025

1,081

1,081

Carrying amount

At 31 January 2025

5,723

5,723

5

Investment properties

2025
£

Additions

296,742

At 31 January

296,742

There has been no valuation of investment property by an independent valuer.

6

Creditors

Creditors: amounts falling due within one year

2025
£

Due within one year

Accruals and deferred income

720

Other creditors

107,688

108,408

Creditors: amounts falling due after more than one year

Note

2025
£

Due after one year

 

Loans and borrowings

7

198,275

Other borrowings

 

Properties of RR Limited

Notes to the Unaudited Financial Statements for the Period from 17 January 2024 to 31 January 2025

7

Loans and borrowings

Non-current loans and borrowings

2025
£

Other borrowings

198,275