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REGISTERED NUMBER: 03108944 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

RUSKIN MILL LIMITED

RUSKIN MILL LIMITED (REGISTERED NUMBER: 03108944)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RUSKIN MILL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTOR: Mr A C H Gordon OBE





REGISTERED OFFICE: Ruskin Mill
Old Bristol Road
Nailsworth
Gloucestershire
GL6 0LA





REGISTERED NUMBER: 03108944 (England and Wales)





ACCOUNTANTS: Bronsens
Chartered Certified Accountants
Eden House
Two Rivers Business Park
Witney
Oxfordshire
OX28 4BL

RUSKIN MILL LIMITED (REGISTERED NUMBER: 03108944)

BALANCE SHEET
31 OCTOBER 2024

31.10.24 31.10.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,283,661 1,283,661

CURRENT ASSETS
Debtors 5 248,716 247,201
Cash at bank 84,766 55,828
333,482 303,029
CREDITORS
Amounts falling due within one year 6 91,041 49,338
NET CURRENT ASSETS 242,441 253,691
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,526,102

1,537,352

CREDITORS
Amounts falling due after more than one
year

7

(260,105

)

(277,973

)

PROVISIONS FOR LIABILITIES 9 (154,851 ) (154,851 )
NET ASSETS 1,111,146 1,104,528

RESERVES
Revaluation reserve 660,816 660,816
Income and expenditure account 450,330 443,712
1,111,146 1,104,528

RUSKIN MILL LIMITED (REGISTERED NUMBER: 03108944)

BALANCE SHEET - continued
31 OCTOBER 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 surplus or deficit 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 director and authorised for issue on 12 August 2025 and were signed by:





Mr A C H Gordon OBE - Director


RUSKIN MILL LIMITED (REGISTERED NUMBER: 03108944)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1. STATUTORY INFORMATION

Ruskin Mill Limited is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

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 as modified by the revaluation of certain assets.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - not provided - see below
Improvements to property - not provided - see below
Fixtures and fittings - not provided - see below

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Investment property and fixtures
No depreciation is provided on freehold land and buildings and fixtures and fittings as they are considered to be investments and thus included in the accounts at open market value. This represents a departure from the Companies Act 2006, in order to give a true and fair view.

3. EMPLOYEES AND DIRECTORS

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

RUSKIN MILL LIMITED (REGISTERED NUMBER: 03108944)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
Freehold to and
property property fittings Totals
£    £    £    £   
COST OR VALUATION
At 1 November 2023
and 31 October 2024 1,190,000 87,961 5,700 1,283,661
NET BOOK VALUE
At 31 October 2024 1,190,000 87,961 5,700 1,283,661
At 31 October 2023 1,190,000 87,961 5,700 1,283,661

Land and buildings comprise investment properties which have been valued by the directors on the basis of the open market values with current use as at 31 October 2024.

Cost or valuation at 31 October 2024 is represented by:

Improvements Fixtures
Freehold to and
property property fittings Totals
£    £    £    £   
Valuation in 2009 796,162 - - 796,162
Valuation in 2010 18,845 - - 18,845
Cost 374,993 87,961 5,700 468,654
1,190,000 87,961 5,700 1,283,661

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade debtors 25,787 19,154
Other debtors 200,000 202,000
Directors' current accounts 22,929 26,047
248,716 247,201

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Bank loans and overdrafts 17,777 16,300
Trade creditors 15,344 18,989
Tax 1,552 10,185
Accruals and deferred income 56,368 3,864
91,041 49,338

RUSKIN MILL LIMITED (REGISTERED NUMBER: 03108944)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.24 31.10.23
£    £   
Bank loans - 2-5 years 75,000 80,000
Bank loans more 5 yr by instal 185,105 197,973
260,105 277,973

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 185,105 197,973

8. SECURED DEBTS

The following secured debts are included within creditors:

31.10.24 31.10.23
£    £   
Bank loans 277,882 294,273

Triodos Bank NV have a legal charge dated 10 July 1997 and a legal mortgage dated 20 August 2010 over the freehold property known as Ruskin Mill, Nailsworth, Gloucester GL6 0LA.

9. PROVISIONS FOR LIABILITIES
31.10.24 31.10.23
£    £   
Deferred tax 154,851 154,851

Deferred
tax
£   
Balance at 1 November 2023 154,851
Balance at 31 October 2024 154,851

The deferred tax liability relates to the potential tax due on the revaluation of the freehold property.

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2024 and 31 October 2023:

31.10.24 31.10.23
£    £   
Mr A C H Gordon OBE
Balance outstanding at start of year 26,047 36,980
Amounts advanced 6,882 4,067
Amounts repaid (10,000 ) (15,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 22,929 26,047

RUSKIN MILL LIMITED (REGISTERED NUMBER: 03108944)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

11. COMPANY LIMITED BY GUARANTEE

The company is limited by guarantee, and the liability of every member for payment of the debts of the company is limited, in the event of the same being wound up while he or she is still a member or within one year after ceasing to be a member, to such sum as may be required not exceeding £1.