RAC PROPERTIES (HULL) LIMITED


Director	CHAPLIN, Ross Anthony


Company Secretary	CHAPLIN, Ross Anthony


Registered Address	373 Beverley Road
	Hull
	HU5 1LA


Registered Number	10361758 (England and Wales)

Balance Sheet as at
31 December 2024

	Notes	2024		2023
		£	£	£	£
Fixed assets
Tangible assets	3		1,071,241		922,891
			1,071,241		922,891
Current assets
Debtors	4	75,626		7,895
Cash at bank and on hand		60,635		28,580
		136,261		36,475
Creditors amounts falling due within one year	5	(92,891)		(9,460)
Net current assets (liabilities)			43,370		27,015
Total assets less current liabilities			1,114,611		949,906
Creditors amounts falling due after one year	6		(988,723)		(825,192)
Net assets			125,888		124,714
Capital and reserves
Called up share capital			100		100
Profit and loss account			125,788		124,614
Shareholders' funds			125,888		124,714

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 24 December 2025, and are signed on its behalf by:

CHAPLIN, Ross Anthony
Director
Registered Company No. 10361758

RAC PROPERTIES (HULL) LIMITED

Notes to the Financial Statements
for the year ended 31 December 2024

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

	Trade and other debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Trade and other debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Trade and other creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Share capital
	Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.

2.	Average number of employees


		2024		2023
	Average number of employees during the year	2		2

3.	Tangible fixed assets

	Land & buildings	Total
	£	£
Cost or valuation
At 01 January 24	922,891	922,891
Additions	148,350	148,350
At 31 December 24	1,071,241	1,071,241
Net book value
At 31 December 24	1,071,241	1,071,241
At 31 December 23	922,891	922,891

4.	Debtors: amounts due within one year

	2024	2023
	£	£
Other debtors	75,626	7,895
Total	75,626	7,895

5.	Creditors: amounts due within one year

	2024	2023
	£	£
Bank borrowings and overdrafts	83,015	253
Taxation and social security	8,116	8,153
Other creditors	1,760	1,054
Total	92,891	9,460

6.	Creditors: amounts due after one year

	2024	2023
	£	£
Bank borrowings and overdrafts	753,716	763,732
Other creditors	235,007	61,460
Total	988,723	825,192

7.	Share capital
	100 Ordinary Shares