ACCOUNTS - Final Accounts preparation

Registered number: 10882613

RUGBY MAD REAL ESTATE LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JULY 2024

RUGBY MAD REAL ESTATE LIMITED

REGISTERED NUMBER: 10882613

BALANCE SHEET

AS AT 30 JULY 2024

		2024		2023
Note		£		£

Fixed assets
Investment property	4		135,003		135,003
			135,003		135,003
Current assets
Cash at bank and in hand	5	1,018		5,735
		1,018		5,735
Creditors: amounts falling due within one year	6	(132,871)		(133,728)
Net current liabilities			(131,853)		(127,993)
Total assets less current liabilities			3,150		7,010

Net assets			3,150		7,010

Capital and reserves
Called up share capital	10	10
Profit and loss account	3,140	7,000
	3,150	7,010

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RUGBY MAD REAL ESTATE LIMITED

REGISTERED NUMBER: 10882613

BALANCE SHEET (CONTINUED)

AS AT 30 JULY 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 9 June 2025.

Mrs C J Ball

Director

The notes on pages 3 to 5 form part of these financial statements.

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RUGBY MAD REAL ESTATE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JULY 2024

1.	General information

Rugby Mad Real Estate is a private company, limited by shares, registered in England and Wales. The company's registered number and registered office address can be found on the Company Information Page.
The presentation currency of the financial staements is the Pound sterling (£).
Monetary Amounts in these financial statements are rounded to the nearest £.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Revenue recognition

Revenue relates to rental income and is recognised in the period which it relates.

2.3

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.

2.4

Turnover

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

2.5

Borrowing costs

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

2.6

Taxation

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 balance sheet date in the countries where the Company operates and generates income.

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RUGBY MAD REAL ESTATE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JULY 2024

2.Accounting policies (continued)

2.7

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

2.8

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.

2.9

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.

Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

4.	Investment property

		Freehold investment property
		£
	Valuation
	At 31 July 2023	135,003
	At 30 July 2024	135,003

The property is valued on a fair value basis.

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RUGBY MAD REAL ESTATE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JULY 2024

5.	Cash and cash equivalents
		2024	2023
		£	£

Cash at bank and in hand	1,018	5,735
	1,018	5,735

6.	Creditors: Amounts falling due within one year
		2024	2023
		£	£

Bank loans	99,978	99,974
Amounts owed to group undertakings	28,439	28,439
Corporation tax	-	311
Other creditors	3,004	3,004
Accruals and deferred income	1,450	2,000
	132,871	133,728

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