REGISTERED NUMBER: 13887943 (England and Wales)

R & C WAREHOUSING LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 DECEMBER 2024

Page

Balance Sheet

1

to

2

Notes to the Financial Statements

3

to

5

FIXED ASSETS

Investment property

4

370,000

385,684

CURRENT ASSETS

Debtors

5

100

100

Cash at bank

29,575

151

29,675

251

CREDITORS

Amounts falling due within one year

6

(89,679

)

(119,762

)

NET CURRENT LIABILITIES

(60,004

)

(119,511

)

TOTAL ASSETS LESS CURRENT LIABILITIES

309,996

266,173

CREDITORS

Amounts falling due after more than one year

7

(255,172

)

(199,569

)

PROVISIONS FOR LIABILITIES

(10,320

)

(9,656

)

NET ASSETS

44,504

56,948

CAPITAL AND RESERVES

Called up share capital

100

100

Fair value reserve

43,996

59,680

Retained earnings

408

(2,832

)

44,504

56,948

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

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

The directors acknowledge their 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 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 Board of Directors and authorised for issue on 26 September 2025 and were signed on its behalf by:

Mr R Bryant - Director

1.	STATUTORY INFORMATION

R & C Warehousing Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

13887943

Registered office:

Unit 5 Fieldgate Buildings

Haven Road

Colchester

Essex

CO2 8HT

For the purposes of presentation the financial statements have been rounded to the nearest Pound Sterling (£).

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.

Turnover

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

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.

Financial instruments

Basic financial instruments are recognised at amortised cost.

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 or deferred taxation assets and liabilities are not discounted.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

385,684

Revaluations

(15,684

)

At 31 December 2024

370,000

NET BOOK VALUE

At 31 December 2024

370,000

At 31 December 2023

385,684

At the end of the accounting period the open market values of investment properties were considered by the directors and adjusted accordingly. The historic cost of the investment properties was £315,684.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Other debtors

100

100

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

6,097

8,157

Trade creditors

1,740

600

Amounts owed to related undertakings

80,733

109,559

Taxation and social security

534

921

Other creditors

575

525

89,679

119,762

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

255,172

199,569

Amounts falling due in more than five years:

Repayable by instalments

Bank loans > 5 years

230,783

166,939

8.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Bank loans

261,269

207,726

The bank loan is secured by way of a fixed and floating charge in favour Barclays Security Trustee Ltd.