Park Rutland Investments (London) Ltd - Accounts to registrar (filleted) - small 18.2
Park Rutland Investments (London) Ltd - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| PARK RUTLAND INVESTMENTS (LONDON) LTD |
| FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 APRIL 2022 |
| PARK RUTLAND INVESTMENTS (LONDON) LTD (REGISTERED NUMBER: 00582264) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| for the year ended 30 April 2022 |
| Page |
| Company information | 1 |
| Balance sheet | 2 |
| Notes to the financial statements | 3 |
| PARK RUTLAND INVESTMENTS (LONDON) LTD |
| COMPANY INFORMATION |
| for the year ended 30 April 2022 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| SENIOR STATUTORY AUDITOR: |
| AUDITORS: |
| Lygon House |
| 50 London Road |
| Bromley |
| Kent |
| BR1 3RA |
| PARK RUTLAND INVESTMENTS (LONDON) LTD (REGISTERED NUMBER: 00582264) |
| BALANCE SHEET |
| 30 April 2022 |
| 2022 | 2021 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Investments | 4 |
| Investment property | 5 |
| CURRENT ASSETS |
| Debtors | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES | 8 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Capital reserve | 9 |
| Reserve for repairs and maintenance | 9 |
| Retained earnings | 9 |
| SHAREHOLDERS' FUNDS |
| In accordance with Section 444 of the Companies Act 2006, the Statement of income and retained earnings has not been delivered. |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| PARK RUTLAND INVESTMENTS (LONDON) LTD (REGISTERED NUMBER: 00582264) |
| NOTES TO THE FINANCIAL STATEMENTS |
| for the year ended 30 April 2022 |
| 1. | STATUTORY INFORMATION |
| Park Rutland Investments (London) Ltd is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Preparation of consolidated financial statements |
| The financial statements contain information about Park Rutland Investments (London) Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements. |
| Related party exemption |
| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group. |
| Turnover |
| Turnover represents rental income receivable excluding VAT where applicable. |
| 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 Statement of Income and Retained Earnings, 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. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| PARK RUTLAND INVESTMENTS (LONDON) LTD (REGISTERED NUMBER: 00582264) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the year ended 30 April 2022 |
| 4. | FIXED ASSET INVESTMENTS |
| Unlisted |
| investments |
| £ |
| COST OR VALUATION |
| At 1 May 2021 |
| and 30 April 2022 |
| NET BOOK VALUE |
| At 30 April 2022 |
| At 30 April 2021 |
| Cost or valuation at 30 April 2022 is represented by: |
| Unlisted |
| investments |
| £ |
| Cost | 1,530,000 |
| The unlisted investment relates to 100% of the share capital in S Steventon & Co Limited acquired on 22 February 2019. |
| 5. | INVESTMENT PROPERTY |
| Total |
| £ |
| COST OR VALUATION |
| At 1 May 2021 |
| Revaluations |
| At 30 April 2022 |
| NET BOOK VALUE |
| At 30 April 2022 |
| At 30 April 2021 |
| Cost or valuation at 30 April 2022 is represented by: |
| £ |
| Valuation in 2014 | 5,273,171 |
| Valuation in 2017 | 2,784,703 |
| Valuation in 2019 | 140,849 |
| Valuation in 2022 | 625,455 |
| Cost | 6,803,674 |
| 15,627,852 |
| The investment properties were revalued by the directors on an open market basis as at the balance sheet date. |
| PARK RUTLAND INVESTMENTS (LONDON) LTD (REGISTERED NUMBER: 00582264) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the year ended 30 April 2022 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2022 | 2021 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2022 | 2021 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Amounts owed to group undertakings |
| Taxation and social security |
| Other creditors |
| 8. | PROVISIONS FOR LIABILITIES |
| 2022 | 2021 |
| £ | £ |
| Deferred taxation | 679,513 | 355,742 |
| Deferred |
| tax |
| £ |
| Balance at 1 May 2021 |
| Provided during year |
| Balance at 30 April 2022 |
| PARK RUTLAND INVESTMENTS (LONDON) LTD (REGISTERED NUMBER: 00582264) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the year ended 30 April 2022 |
| 9. | RESERVES |
| Reserve |
| for |
| repairs |
| Retained | Capital | and |
| earnings | reserve | maintenance | Totals |
| £ | £ | £ | £ |
| At 1 May 2021 | 16,684,206 |
| Profit for the year |
| Dividends | ( |
) | ( |
) |
| At 30 April 2022 | 17,144,901 |
| Retained earnings |
Distributable | Non- Distributable | Total |
| £ | £ | £ |
| Balance at 1 May 2021 | 7,413,143 | 7,842,981 | 15,256,124 |
| Profit for the year | 671,909 | 301,683 | 973,592 |
| Dividends | (512,897 | ) | - | (512,897 | ) |
| Balance at 30 April 2022 | 7,572,155 | 8,144,664 | 15,716,819 |
| 10. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
| The Report of the auditors was unqualified. |
| for and on behalf of |