Randolph Court Ltd |
Notes to the Accounts |
for the year ended 31 December 2022 |
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1 |
Accounting policies |
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Basis of preparation |
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The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
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Turnover |
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The company is mutual trading entity, trading soley for the benefit of its shareholder and therefore has no taxable turnover and no taxable profit, other than its investment income, which is taxed at the trust tax rate |
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Freehold land and buildings, at cost |
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No depreciation is charged in respect of the freehold land and buildings, as in the director's opnion the value is greater than the amount shown in these financial statements. |
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Taxation |
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A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. |
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Pensions |
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there is no pension payable any director. |
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2 |
Employees |
2022 |
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2021 |
Number |
Number |
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Average number of persons employed by the company |
0 |
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0 |
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3 |
Tangible fixed assets |
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Land and buildings |
£ |
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Cost |
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At 1 January 2022 |
8 |
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At 31 December 2022 |
8 |
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Depreciation |
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At 31 December 2022 |
- |
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Net book value |
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At 31 December 2022 |
8 |
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At 31 December 2021 |
8 |
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4 |
Debtors |
2022 |
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2021 |
£ |
£ |
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Trade debtors |
10,060 |
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16,112 |
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Other debtors |
1,323 |
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1,228 |
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11,383 |
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17,340 |
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5 |
Creditors: amounts falling due within one year |
2022 |
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2021 |
£ |
£ |
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Taxation and social security costs |
7,441 |
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7,441 |
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Other creditors |
3,136 |
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2,340 |
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10,577 |
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9,781 |
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6 |
Other information |
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Randolph Court Ltd is a private company limited by shares and incorporated in England. Its registered office is: |
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Millhouse Ltd |
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5 Croft Close |
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London |
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NW7 4QL |