REGISTERED NUMBER: 03075991 (England and Wales)

The Running Rabbit Ltd.

Unaudited Financial Statements

for the Year Ended 31st August 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

to

5

DIRECTORS:

M D Hegarty

I Tallentire

REGISTERED OFFICE:

310 Wellingborough Road

Northampton

Northamptonshire

NN1 4EP

BUSINESS ADDRESS:

Chitts Hill

Lexden

Colchester

Essex

CO3 5ST

REGISTERED NUMBER:

03075991 (England and Wales)

ACCOUNTANTS:

Cheney & Co

310 Wellingborough Road

Northampton

NN1 4EP

FIXED ASSETS

Tangible assets

5

69,164

74,740

CURRENT ASSETS

Stocks

1,807

2,073

Debtors

6

1,247

5,148

Cash in hand

111

375

3,165

7,596

CREDITORS

Amounts falling due within one year

7

224,932

225,320

NET CURRENT LIABILITIES

(221,767

)

(217,724

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(152,603

)

(142,984

)

CREDITORS

Amounts falling due after more than one year

8

(28,323

)

(33,323

)

PROVISIONS FOR LIABILITIES

9

(2,400

)

(3,400

)

NET LIABILITIES

(183,326

)

(179,707

)

CAPITAL AND RESERVES

Called up share capital

10

127,814

99

Retained earnings

(311,140

)

(179,806

)

SHAREHOLDERS' FUNDS

(183,326

)

(179,707

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st August 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 12th September 2025 and were signed on its behalf by:

I Tallentire - Director

1.	STATUTORY INFORMATION

The Running Rabbit Ltd. 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 (£).

The principal activity of the company in the year under review was that of a sports and leisure club.

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistency applied to all years presented unless otherwise stated.

Turnover

Turnover represents the value, excluding value added tax, of goods and services supplies to customers during the year.

Tangible fixed assets

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

Leasehold improvements

-

15% on reducing balance and 10% on reducing balance

Fixtures, fittings & equipment

-

50% on reducing balance and 15% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value. after making due allowance for obsolete and slow moving items.

In the case of stocks for resale , cost means invoice price on a first in, first out basis. Net realisable value means estimated selling price.

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 financial statements have been prepared on the going concern basis as the directors will continue to support the company.Therefore in the opinion of the directors the company will continue to trade for a period of twelve months following the approval of these financial statement.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 13 ) .

5.	TANGIBLE FIXED ASSETS

Fixtures,

Leasehold

fittings

improvements

& equipment

Totals

£

£

£

COST

At 1st September 2023

and 31st August 2024

128,404

241,363

369,767

DEPRECIATION

At 1st September 2023

84,732

210,295

295,027

Charge for year

921

4,655

5,576

At 31st August 2024

85,653

214,950

300,603

NET BOOK VALUE

At 31st August 2024

42,751

26,413

69,164

At 31st August 2023

43,672

31,068

74,740

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

100

300

Other debtors

1,147

4,848

1,247

5,148

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

11,975

20,427

Trade creditors

77,308

48,614

Taxation and social security

8,559

4,051

Other creditors

127,090

152,228

224,932

225,320

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

28,323

33,323

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

8,323

13,323

9.	PROVISIONS FOR LIABILITIES

2024

2023

£

£

Deferred tax

2,400

3,400

Deferred

tax

£

Balance at 1st September 2023

3,400

Provided during year

(1,000

)

Balance at 31st August 2024

2,400

10.	CALLED UP SHARE CAPITAL

**ERROR - CONFLICTS FOUND BETWEEN POSTINGS AND SHARE REGISTER - PLEASE REVIEW EXCEPTION REPORT (EXR).

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

99

Ordinary

£1

99

99

11.	CONTINGENT LIABILITIES

There were no contingent liabilities as at 31st August 2024 or 31st August 2023

.

12.	CAPITAL COMMITMENTS

There were no capital commitments as at 31st August 2024 or 31st August 2023

.

13.	RELATED PARTY DISCLOSURES

14.	OTHER CREDITORS

Included within other creditors is a balance of £80,548.68, in relation to a back dated charges for gas and electricity in relation to the pool. This has been raised by the school whom own the site.

The full amount of the invoice has been included so that the accounts show a true and fair view, however it must be noted that at present the directors are still attempting to negotiate the debt to come to an agreement, with the school on the value and payment terms.