Rathbone Investments Limited - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 08556999 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 JULY 2021 TO 30 SEPTEMBER 2022

FOR

RATHBONE INVESTMENTS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr C R Patel

REGISTERED OFFICE:

28 Rathbone Place

London

W1T 1JT

REGISTERED NUMBER:

08556999 (England and Wales)

ACCOUNTANTS:

Freemans Partnership LLP

Chartered Certifed Accountants

Solar House

282 Chase Road

London

N14 6NZ

FIXED ASSETS

Tangible assets

4

570

760

Investment property

5

1,600,000

350,000

1,600,570

350,760

CURRENT ASSETS

Debtors

6

39,336

31,000

Cash at bank and in hand

7,605

8,057

46,941

39,057

CREDITORS

Amounts falling due within one year

7

1,010,120

8,531

NET CURRENT (LIABILITIES)/ASSETS

(963,179

)

30,526

TOTAL ASSETS LESS CURRENT LIABILITIES

637,391

381,286

CREDITORS

Amounts falling due after more than one year

8

(246,866

)

(254,805

)

PROVISIONS FOR LIABILITIES

9

(72,851

)

(16,493

)

NET ASSETS

317,674

109,988

CAPITAL AND RESERVES

Called up share capital

10

100

100

Fair value reserve

11

268,937

105,904

Retained earnings

48,637

3,984

SHAREHOLDERS' FUNDS

317,674

109,988

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

The members have not required the company to obtain an audit of its financial statements for the period ended 30 September 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 29 June 2023 and were signed by:

Mr C R Patel - Director

1.	STATUTORY INFORMATION

Rathbone Investments Limited 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.

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 as modified by the revaluation of certain assets.

Turnover

Turnover represents amounts derived from rents charged to tenants during the year, and is recognised at the date the rental period occurred. This is stated after trade discounts and other sales taxes.

Tangible fixed assets

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

Fixtures and fittings

-

25% on reducing balance

Investment property

The company's properties are held for long-term investment and are included in the Balance Sheet at their current market values. The surplus or deficit on revaluation is transferred to the investment property revaluation reserve. Depreciation is not provided on these investment properties.

This policy represents a departure form statutory accounting principles, which require depreciation to be provided on all fixed assets. The director considers this policy is necessary in order for the accounts to give a true and fair view as current values and changes in current values are of prime importance rather than the calculation of systematic annual depreciation.

Taxation

Taxation for the period 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 period 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 period was 1 (2021 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 July 2021

and 30 September 2022

4,270

DEPRECIATION

At 1 July 2021

3,510

Charge for period

190

At 30 September 2022

3,700

NET BOOK VALUE

At 30 September 2022

570

At 30 June 2021

760

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 July 2021

350,000

Additions

1,030,609

Revaluations

219,391

At 30 September 2022

1,600,000

NET BOOK VALUE

At 30 September 2022

1,600,000

At 30 June 2021

350,000

Fair value at 30 September 2022 is represented by:

£

Valuation in 2015

33,272

Valuation in 2016

89,125

Valuation in 2022

219,391

Cost

1,258,212

1,600,000

If investment property had not been revalued it would have been included at the following historical cost:

30.9.22

30.6.21

£

£

Cost

1,258,212

227,603

Investment property was valued on an open market basis on 30 September 2022 by the directors .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.22

30.6.21

£

£

Trade debtors

39,336

-

Amounts due from related party

-

31,000

39,336

31,000

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.22

30.6.21

£

£

Trade creditors

-

600

Tax

10,511

1,517

Rent deposit

2,150

2,150

Directors' current accounts

997,159

3,964

Accrued expenses

300

300

1,010,120

8,531

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.9.22

30.6.21

£

£

Bank loans more 5 yr by instal

246,866

254,805

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

246,866

254,805

9.	PROVISIONS FOR LIABILITIES

30.9.22

30.6.21

£

£

Deferred tax

72,851

16,493

Deferred

tax

£

Balance at 1 July 2021

16,493

Provided during period

56,358

Balance at 30 September 2022

72,851

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.22

30.6.21

value:

£

£

100

Ordinary

1

100

100

11.

RESERVES

Fair

value

reserve

£

At 1 July 2021

105,904

Fair value reserve

219,391

Defered tax

(56,358

)

At 30 September 2022

268,937