Rushbrooke Park Ltd - Period Ending 2020-06-30

Rushbrooke Park Ltd
(Registration number: 466900)

Balance Sheet as at 30 June 2020

	Note	2020 £	2019 £
Fixed assets
Tangible assets	4	2,000,000	1,315,875
Creditors: Amounts falling due within one year	6	(66,191)	(55,374)
Total assets less current liabilities		1,933,809	1,260,501
Provisions for liabilities		(118,771)	-
Net assets		1,815,038	1,260,501
Capital and reserves
Called up share capital	7	148,100	148,100
Capital redemption reserve		900,000	900,000
Revaluation reserve		919,038	364,501
Profit and loss account		(152,100)	(152,100)
Shareholders' funds		1,815,038	1,260,501

For the financial year ending 30 June 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

For the financial year ending 30 June 2020 the company was entitled to exemption from audit under section 479A of the Companies Act 2006 relating to subsidiary companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Rushbrooke Park Ltd
(Registration number: 466900)

Balance Sheet as at 30 June 2020

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 19 November 2020 and signed on its behalf by:
 

.........................................

Ms Alice Goldsmith
Director

Rushbrooke Park Ltd
(Registration number: 466900)

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2020

1	General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Baythorne Hall
Baythorne End
Halstead
Essex
CO9 4AH

These financial statements were authorised for issue by the Board on 19 November 2020.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

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

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Freehold land and buildings	Directors' valuation

Rushbrooke Park Ltd
(Registration number: 466900)

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2020

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2019 - 0).

4	Tangible assets

	Land and buildings £	Total £
Cost or valuation
At 1 July 2019	1,315,875	1,315,875
Revaluations	673,308	673,308
Additions	10,817	10,817
At 30 June 2020	2,000,000	2,000,000
Depreciation
Carrying amount
At 30 June 2020	2,000,000	2,000,000
At 30 June 2019	1,315,875	1,315,875

Included within the net book value of land and buildings above is £2,000,000 (2019 - £1,315,875) in respect of freehold land and buildings.
 

Rushbrooke Park Ltd
(Registration number: 466900)

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2020

5

Debtors

	2020 £	2019 £
	-	-

The directors have reviewed trade debtors for impairment and consider the impairment losses to be provided for the year are £Nil (2019 - £Nil)

All amounts are due within one year.

6

Creditors

Creditors: amounts falling due within one year

	Note	2020 £	2019 £
Due within one year
Amounts owed to group undertakings and undertakings in which the company has a participating interest		66,191	55,374

7	Share capital

8

Reserves

The changes to each component of equity resulting from items of other comprehensive income for the current year were as follows:

	Revaluation reserve £	Total £
Surplus/(deficit) on property, plant and equipment revaluation	554,537	554,537

The changes to each component of equity resulting from items of other comprehensive income for the prior year were as follows:

	Revaluation reserve £	Total £
Surplus/(deficit) on property, plant and equipment revaluation	9,375	9,375