ACCOUNTS - Final Accounts preparation

Period

31 December

Company registration number: 14541285

RUDLAND ASSOCIATES LIMITED

Unaudited

Financial statements

Information for filing with the registrar

For the Period Ended 31 December 2024

Coveney Nicholls Limited

Chartered Accountants

The Old Wheel House

31/37 Church Street

Reigate

Surrey

RH2 0AD


RUDLAND ASSOCIATES LIMITED Registered number:14541285

Statement of Financial Position

As at 31 December 2024

		2024		2023
Note		£		£

Fixed assets
Tangible assets	4		819		815
			819		815
Current assets
Debtors: amounts falling due within one year	5	3,024		4,302
Cash at bank and in hand		137,360		19,626
		140,384		23,928
Creditors: amounts falling due within one year	6	(57,165)		(13,797)
Net current assets			83,219		10,131
Total assets less current liabilities			84,038		10,946

Net assets			84,038		10,946

Capital and reserves
Called up share capital	100	100
Profit and loss account	83,938	10,846
	84,038	10,946

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RUDLAND ASSOCIATES LIMITED Registered number:14541285

Statement of Financial Position (continued)

As at 31 December 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 period 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 statement of income and retained earnings 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 25 September 2025.

Miles Rudland

Director

The notes on pages 3 to 6 form part of these financial statements.

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RUDLAND ASSOCIATES LIMITED

Notes to the Financial Statements

For the Period Ended 31 December 2024

1.	General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 144 Abercairn Road, London, United Kingdom, SW16 5AG.

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

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

2.4

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 reporting date in the countries where the Company operates and generates income.

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RUDLAND ASSOCIATES LIMITED

Notes to the Financial Statements

For the Period Ended 31 December 2024

2.Accounting policies (continued)

2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment

25%

Straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.7

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.

2.8

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.

2.9

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

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RUDLAND ASSOCIATES LIMITED

Notes to the Financial Statements

For the Period Ended 31 December 2024

Wages and salaries	11,128	4,797
	11,128	4,797

4.	Tangible fixed assets

		Office equipment
		£
	Cost or valuation
	At 1 January 2024	1,087
	Additions	367
	At 31 December 2024	1,454
	Depreciation
	At 1 January 2024	272
	Charge for the period on owned assets	363
	At 31 December 2024	635
	Net book value
	At 31 December 2024	819
	At 31 December 2023	815

Debtors

					2024	2023
					£	£


Trade debtors	3,024	4,302
	3,024	4,302

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RUDLAND ASSOCIATES LIMITED

Notes to the Financial Statements

For the Period Ended 31 December 2024

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

Corporation tax	40,136	5,884
Other taxation and social security	10,428	6,280
Other creditors	5,606	683
Accruals and deferred income	995	950
	57,165	13,797

During the year the directors entered into the following advances and credits with the company:

		2024
	Balance brought forward and outstanding	Advances/(credits) to the directors	Amounts repaid	Balance outstanding
	£	£	£	£
Miles Rudland	(683)	67,128	(57,443)	(5,606)
Jennifer Rudland	-	12,000	(12,000)	-
		2023
	Balance brought forward and outstanding	Advances/(credits) to the directors	Amounts repaid	Balance outstanding
	£	£	£	£
Miles Rudland	-	37,380	(38,064)	(683)
Jennifer Rudland	-	4,020	(4,020)	-

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