ACCOUNTS - Final Accounts preparation

Registered number: 15573358

RULA DEVELOPMENTS (EUROPA) LIMITED

UNAUDITED

FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2025

RULA DEVELOPMENTS (EUROPA) LIMITED

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF RULA DEVELOPMENTS (EUROPA) LIMITED
FOR THE PERIOD ENDED 31 MARCH 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Rula Developments (Europa) Limited for the period ended 31 March 2025 which comprise the Balance sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of directors of Rula Developments (Europa) Limited, as a body, in accordance with the terms of our engagement letter dated 23 January 2025. Our work has been undertaken solely to prepare for your approval the financial statements of Rula Developments (Europa) Limited and state those matters that we have agreed to state to the Board of directors of Rula Developments (Europa) Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Rula Developments (Europa) Limited and its Board of directors, as a body, for our work or for this report.

It is your duty to ensure that Rula Developments (Europa) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Rula Developments (Europa) Limited. You consider that Rula Developments (Europa) Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or review of the financial statements of Rula Developments (Europa) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

WR Partners

Chartered Accountants

3 Royal Court

Gadbrook Way

Gadbrook Park

Northwich

Cheshire

CW9 7UT

14 October 2025

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RULA DEVELOPMENTS (EUROPA) LIMITED

REGISTERED NUMBER: 15573358

BALANCE SHEET

AS AT 31 MARCH 2025

		2025
Note		£


Current assets
Work in progress		645,173
Debtors: amounts falling due within one year	4	259
Cash at bank and in hand	5	853
		646,285
Creditors: amounts falling due within one year	6	(646,313)
Net current (liabilities)/assets			(28)
Total assets less current liabilities			(28)

Net (liabilities)/assets			(28)

Capital and reserves
Called up share capital			1,000
Profit and loss account			(1,028)
			(28)

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 comprehensive income 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 13 October 2025.

M R Roberts

Director

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RULA DEVELOPMENTS (EUROPA) LIMITED

REGISTERED NUMBER: 15573358

BALANCE SHEET (CONTINUED)

AS AT 31 MARCH 2025

The notes on pages 4 to 7 form part of these financial statements.

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RULA DEVELOPMENTS (EUROPA) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2025

1.	General information

Rula Developments (Europa) Limited is a private company limited by shares incorporated in England and Wales.The registered office is Ottersway House Top Street, Bawtry, Doncaster, United Kingdom, DN10 6JY. The principal activity of the company is the acquisition and resale of land for development.

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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

2.2

Going concern

The directors consider that, notwithstanding the current year operating loss of £1,028 and net liabilities of £28, the company's financial statements should be prepared on a going concern basis. This opinion is based on the grounds that current and future sources of funding or support from the directors and shareholders will be adequate to meet the company's needs for a period of at least 12 months from the date of approval of these financial statements.

2.3

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:
Turnover is measured at the fair value of consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Revenue from the sale of land and properties is recognised at the point of legal completion and where title has passed.

2.4

Interest income

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

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RULA DEVELOPMENTS (EUROPA) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2025

2.Accounting policies (continued)

2.5

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 balance sheet date in the countries where the Company operates and generates income.

2.6

Stocks

Work in progress comprises of developments in progress and land held for development or sale. Deposit payments to acquire land are included in prepayments. Property developments in progress include properties being developed for onward sale. Land held for development or sale, is land owned by the company this is promoted through the planning process in order to gain planning permission, adding value to the land.
Work in progress is valued at the cost of third party supplies incurred on ongoing contracts at the balance sheet date. The value of work in progress excludes any profit element and any allocation of staff costs.
Impairment reviews are considered on a site by site basis or individual development basis by management at each reporting date. Write downs or revaluations are then made to ensure that work in progress is stated at lower of cost and net realisable value.
Net realisable value is considered in the light of progress made in the planning process, feedback from local planning officers, development appraisals and other external factors that might be considered likely to influence the eventual outcome. Where it is considered that no future benefit will arise, costs are written off the profit and loss account.

2.7

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.

2.8

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.

2.9

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.

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RULA DEVELOPMENTS (EUROPA) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2025

2.Accounting policies (continued)

2.10

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

Basic financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Employees

The average monthly number of employees, including directors, during the period was 0.

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RULA DEVELOPMENTS (EUROPA) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2025

Debtors

					2025
					£


	Prepayments and accrued income	259
		259

5.	Cash and cash equivalents
		2025
		£

	Cash at bank and in hand	853
		853

6.	Creditors: Amounts falling due within one year
		2025
		£

	Trade creditors	259
	Other creditors	645,214
	Accruals and deferred income	840
		646,313

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