Registered number
11635241
RNC Properties Limited
Filleted Accounts
5 April 2025
RNC Properties Limited
Registered number: 11635241
Balance Sheet
as at 5 April 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 361,748 346,328
Current assets
Debtors 4 - 3,041
Cash at bank and in hand 7,038 6,188
7,038 9,229
Creditors: amounts falling due within one year 5 (5,500) (1,500)
Net current assets 1,538 7,729
Total assets less current liabilities 363,286 354,057
Creditors: amounts falling due after more than one year 6 (321,423) (323,915)
Net assets 41,863 30,142
Capital and reserves
Called up share capital 4 4
Profit and loss account 41,859 30,138
Shareholders' funds 41,863 30,142
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
J Goulden
Director
Approved by the board on 25 August 2025
RNC Properties Limited
Notes to the Accounts
for the year ended 5 April 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Depreciation is provided on all tangible fixed assets, other than freehold land.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant Land and buildings Total
£ £
Cost
At 5 April 2024 27210 325,920 353,130
Additions 27,415 27,415
At 5 April 2025 54,625 325,920 380,545
Depreciation
At 5 April 2024 6802 - 6,802
Provision for year 11,995 11,995
At 5 April 2025 18,797 18,797
Net book value
At 5 April 2025 35,828 325,920 361,748
4 Debtors 2025 2024
£ £
Other debtors - 3,041
5 Creditors: amounts falling due within one year 2025 2024
£ £
Other creditors 5,500 1,500
6 Creditors: amounts falling due after one year 2025 2024
£ £
Bank loans 4,759 7,779
Other creditors 316,664 316,136
321,423 323,915
7 Other information
RNC Properties Limited is a private company limited by shares and incorporated in England. Its registered office is:
44 Warwick Close
Dukinfield
Cheshire
SK10 5SD
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