Rutherford Construction Company Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 00409528 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Rutherford Construction Company Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs M K Rutherford

Mr G N Rutherford

SECRETARY:

Mrs M K Rutherford

REGISTERED OFFICE:

Rutherford Business Park

Marley Lane

Battle

East Sussex

TN33 0TY

REGISTERED NUMBER:

00409528 (England and Wales)

ACCOUNTANTS:

McCabe Ford Williams

Bank Chambers

61 High Street

Cranbrook

Kent

TN17 3EG

FIXED ASSETS

Tangible assets

4

1,375

3,235

Investment property

5

2,500,000

2,501,375

2,503,235

CURRENT ASSETS

Debtors

6

20,905

Cash at bank

953

412

21,858

21,317

CREDITORS

Amounts falling due within one year

7

67,218

72,819

NET CURRENT LIABILITIES

(45,360

)

(51,502

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,456,015

2,451,733

CREDITORS

Amounts falling due after more than one
year

8

(10,000

)

-

PROVISIONS FOR LIABILITIES

(507,581

)

(507,581

)

NET ASSETS

1,938,434

1,944,152

CAPITAL AND RESERVES

Called up share capital

9

8,004

Share premium

178,398

Capital redemption reserve

18,250

Special reserve

34,500

Fair value reserve

1,848,142

Retained earnings

(148,860

)

(143,142

)

SHAREHOLDERS' FUNDS

1,938,434

1,944,152

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 29 September 2025 and were signed on its behalf by:

Mr G N Rutherford - Director

1.	STATUTORY INFORMATION

Rutherford Construction Company 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 presentation currency of the financial statements is the 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on cost

Fixtures, fittings & equipment

-

15% on cost

Motor vehicles

-

25% on cost

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.

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.

Going concern

The company has continued the process of marketing the property but no formal offers are currently in place for the sale of the site. This process has not been helped by low confidence regarding the future economic outlook and a stagnant property market. As noted previously, even without these current issues, the process of marketing and selling property is often slow and bring material uncertainties that cast significant doubt on the entity's ability to continue as a going concern for the foreseeable future. Therefore, the company might be unable to realise its assets and discharge its liabilities in the normal course of business. The directors and shareholders have shown a willingness to continue to support the company financially for the foreseeable future.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Fixtures,

Plant and

fittings

Motor

machinery

& equipment

vehicles

Totals

£

COST

At 1 January 2024

1,840

10,176

3,000

15,016

Disposals

(1,840

)

(9,038

)

-

(10,878

)

At 31 December 2024

-

1,138

3,000

4,138

DEPRECIATION

At 1 January 2024

820

10,086

875

11,781

Charge for year

-

90

750

840

Eliminated on disposal

(820

)

(9,038

)

-

(9,858

)

At 31 December 2024

-

1,138

1,625

2,763

NET BOOK VALUE

At 31 December 2024

-

1,375

At 31 December 2023

1,020

90

2,125

3,235

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

and 31 December 2024

2,500,000

NET BOOK VALUE

At 31 December 2024

2,500,000

At 31 December 2023

2,500,000

Fair value at 31 December 2024 is represented by:

£

Valuation in 2018

1,500,000

Valuation in 2019

(500,000

)

Valuation in 2021

1,500,000

2,500,000

If the investment property had not been revalued it would have been included at the following historical cost:

31.12.24

31.12.23

£

Cost

144,277

The investment property was valued on an open market basis on 31 December 2024 by the directors .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Trade debtors

17,405

Other debtors

3,500

20,905

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Trade creditors

-

2,044

Amounts owed to group undertakings

36,381

Other creditors

30,837

34,394

67,218

72,819

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.12.24

31.12.23

£

Other creditors

10,000

-

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

16,008

Ordinary shares

£0.50

8,004