Ruttle Investments Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 09828602 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022

FOR

RUTTLE INVESTMENTS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

T K Ruttle

Mrs J F Ruttle

REGISTERED OFFICE:

Heathwood

Leyland Lane

Ulnes Walton

Leyland

Lancashire

PR26 8LB

REGISTERED NUMBER:

09828602 (England and Wales)

ACCOUNTANTS:

James Todd & Co

Greenbank House

141 Adelphi Street

Preston

Lancashire

PR1 7BH

FIXED ASSETS

Tangible assets

4

6,670

13,341

Investment property

5

3,585,177

3,453,819

3,591,847

3,467,160

CURRENT ASSETS

Debtors

6

333,109

337,258

Cash at bank

497,794

520,796

830,903

858,054

CREDITORS

Amounts falling due within one year

7

148,182

138,901

NET CURRENT ASSETS

682,721

719,153

TOTAL ASSETS LESS CURRENT
LIABILITIES

4,274,568

4,186,313

PROVISIONS FOR LIABILITIES

1,267

2,535

NET ASSETS

4,273,301

4,183,778

CAPITAL AND RESERVES

Called up share capital

1,000,000

Retained earnings

3,273,301

3,183,778

SHAREHOLDERS' FUNDS

4,273,301

4,183,778

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2022 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 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 27 February 2023 and were signed on its behalf by:

T K Ruttle - Director

1.	STATUTORY INFORMATION

Ruttle Investments 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 (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

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 net invoiced rental income, excluding value added tax.

Tangible fixed assets

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

Plant and machinery etc

-

25% Straight Line

Investment property

The properties held by the company are classed as investment properties. The investment properties are stated at open market value, their most recent valuation, at the balance sheet date. Gains or losses arising from the changes in the fair values of investment properties are included in the Income Statement for the period in which they arise.

Financial instruments

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument. Basic financial assets, which include debtors, prepayments and bank balances, are initially measured at transaction price and are subsequently carried at cost unless the arrangement indicates otherwise and then the asset is measured at the present value of the future receipts discounted at a market rate of interest. Basic financial liabilities, which include creditors, accruals, bank loans and group borrowings, are initially recognised at transaction price and are subsequently carried at cost unless the arrangement indicates otherwise and then the liability is measured at the present value of the future obligations discounted at a market rate of interest.

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 3 (2021 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 October 2021

and 30 September 2022

26,678

DEPRECIATION

At 1 October 2021

13,337

Charge for year

6,671

At 30 September 2022

20,008

NET BOOK VALUE

At 30 September 2022

6,670

At 30 September 2021

13,341

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 October 2021

3,453,819

Additions

254,070

Disposals

(122,712

)

At 30 September 2022

3,585,177

NET BOOK VALUE

At 30 September 2022

3,585,177

At 30 September 2021

3,453,819

The directors consider the market value of investment properties as at 30 September 2022 to be not materially different to their original cost to the company.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

Trade debtors

37,913

13,719

Other debtors

292,947

321,024

Prepayments and accrued income

2,249

2,515

333,109

337,258

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

Trade creditors

14,119

2,303

Corporation tax

42,525

51,777

Social security and other taxes

15,246

15,282

Other creditors

6,071

-

Directors' current accounts

119

Accruals and deferred income

70,102

69,420

148,182

138,901

8.	RELATED PARTY DISCLOSURES

At 30 September 2022 the company owed £5,945 (2021: was owed £26,815) by a company controlled by the directors and their family.

During the year the company had income of £5,228 (2021: £3,911), expenditure of £nil (2021: £833), wrote off doubtful debts of £nil (2021: £1,163), and was owed £155,887 (2021: £155,887) by companies controlled by siblings of the director.

9.	ULTIMATE CONTROLLING PARTY

The controlling party is TKR Holdings Ltd.

The ultimate controlling party is T K Ruttle.

Ruttle Investments Ltd - Accounts to registrar (filleted) - small 22.3

Ruttle Investments Ltd - Accounts to registrar (filleted) - small 22.3