| REGISTERED NUMBER: |
| RESOURCE R11 LIMITED |
| Unaudited Financial Statements |
| for the Year Ended 30 November 2024 |
| REGISTERED NUMBER: |
| RESOURCE R11 LIMITED |
| Unaudited Financial Statements |
| for the Year Ended 30 November 2024 |
| RESOURCE R11 LIMITED (REGISTERED NUMBER: 12420012) |
| Contents of the Financial Statements |
| FOR THE YEAR ENDED 30 NOVEMBER 2024 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| RESOURCE R11 LIMITED |
| Company Information |
| FOR THE YEAR ENDED 30 NOVEMBER 2024 |
| DIRECTOR: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Elfed House |
| Oak Tree Court |
| Cardiff Gate Business Park |
| CARDIFF |
| County of Cardiff |
| CF23 8RS |
| RESOURCE R11 LIMITED (REGISTERED NUMBER: 12420012) |
| Balance Sheet |
| 30 NOVEMBER 2024 |
| 2024 | 2023 |
| Notes | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| Investment property | 5 |
| CURRENT ASSETS |
| Debtors | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 | ( |
) | ( |
) |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
| CAPITAL AND RESERVES |
| Called up share capital | 9 |
| Retained earnings | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
| 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 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 director and authorised for issue on |
| RESOURCE R11 LIMITED (REGISTERED NUMBER: 12420012) |
| Notes to the Financial Statements |
| FOR THE YEAR ENDED 30 NOVEMBER 2024 |
| 1. | STATUTORY INFORMATION |
| Resource R11 Limited 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 company's functional presentational currency in the financial statements is the Sterling (£), rounded to the nearest pound. |
| The significant accounting policies applied in the presentation of these financial statements are set out below. These policies have been consistently applied unless otherwise stated. |
| 2. | ACCOUNTING POLICIES |
| BASIS OF PREPARING THE FINANCIAL STATEMENTS |
| There have been no material departures from Financial Reporting Standard 102. |
| GOING CONCERN |
| As at 30 November 2024 there were net liabilities of £357,632 and net current liabilities of £645,781. The director considers the going concern basis adopted for these financial statement to be appropriate, based upon available continued support. |
| TANGIBLE FIXED ASSETS |
| Plant and machinery | - |
| INVESTMENT PROPERTY |
| Investment properties are carried at fair value. Revaluation surpluses and deficits are recognised in the profit and loss account. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold, or the deferred tax liability is settled. |
| TAXATION |
| Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the year and is calculated using the tax rates and laws that have been enacted or substantively enacted at 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. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| RESOURCE R11 LIMITED (REGISTERED NUMBER: 12420012) |
| Notes to the Financial Statements - continued |
| FOR THE YEAR ENDED 30 NOVEMBER 2024 |
| 4. | TANGIBLE FIXED ASSETS |
| Plant and |
| machinery |
| £ |
| COST |
| At 1 December 2023 |
| and 30 November 2024 |
| DEPRECIATION |
| At 1 December 2023 |
| Charge for year |
| At 30 November 2024 |
| NET BOOK VALUE |
| At 30 November 2024 |
| At 30 November 2023 |
| 5. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 1 December 2023 |
| and 30 November 2024 |
| NET BOOK VALUE |
| At 30 November 2024 |
| At 30 November 2023 |
| The investment property was valued on a fair value basis at 30 November 2024 by the directors. In valuing the property the directors have considered future anticipated rental yields. |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Other debtors |
| Prepayments and accrued income |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Trade creditors |
| Amounts owed to related parties | 604,479 | 511,879 |
| Accruals and deferred income |
| RESOURCE R11 LIMITED (REGISTERED NUMBER: 12420012) |
| Notes to the Financial Statements - continued |
| FOR THE YEAR ENDED 30 NOVEMBER 2024 |
| 8. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 2024 | 2023 |
| £ | £ |
| Secured loan | 460,829 | 460,829 |
| The above loan is secured by way of a fixed and floating charge over the company's property. The loan is included within amounts owed to related parties. |
| 9. | CALLED UP SHARE CAPITAL |
| Allotted and issued: |
| Number: | Class: | Nominal | 2024 | 2023 |
| value: | £ | £ |
| Ordinary | £1 | 1 | 1 |
| 10. | RELATED PARTY DISCLOSURES |
| At 30 November 2024 the following related party loan balances existed: |
| 2024 | 2023 |
| £ | £ |
| Other related parties |
| Creditors: Amounts falling due within one year (amounts owed to related parties) | 143,650 | 511,879 |
| No interest has been charged on the above loans during 2024. |