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REGISTERED NUMBER: 06956273 (England and Wales)















Randalls Properties Limited

Financial Statements

for the Year Ended 31 March 2023






Randalls Properties Limited (Registered number: 06956273)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Randalls Properties Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: M Randall





SECRETARY: C Randall





REGISTERED OFFICE: Unit 2 Cwmdraw Industrial Estate
Newtown
Ebbw Vale
NP23 5AE





REGISTERED NUMBER: 06956273 (England and Wales)





AUDITORS: Xeinadin Audit Limited
Chartered Accountants
& Statutory Auditors
Highdale House
7 Centre Court
Treforest Industrial Estate
Pontypridd
Rhondda Cynon Taff
CF37 5YR

Randalls Properties Limited (Registered number: 06956273)

Statement of Financial Position
31 March 2023

31.3.23 31.3.22
Notes £    £   
CURRENT ASSETS
Debtors 4 7,892 7,892
TOTAL ASSETS LESS CURRENT LIABILITIES 7,892 7,892

CAPITAL AND RESERVES
Called up share capital 5 100 100
Retained earnings 7,792 7,792
SHAREHOLDERS' FUNDS 7,892 7,892

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 17 August 2023 and were signed by:





M Randall - Director


Randalls Properties Limited (Registered number: 06956273)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Randalls Properties 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.

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.

Preparation of consolidated financial statements
The financial statements of the company are consolidated in the financial statements of Randalls Holdings Limited. These consolidated financial statements are available from its registered office, Unit 2, Cwmdraw Industrial Estate. Newtown, Ebbw Vale NP23 5AE.

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.

Significant judgements and estimates
The application of the company's accounting policies, the management is required to make judgements, estimates and assumptions about the carrying value of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

Taxation
Taxation for the year 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Going concern
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

Randalls Properties Limited (Registered number: 06956273)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Amounts owed by group undertakings 7,892 7,892

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
100 Ordinary £1 100 100

6. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Lewis Van Emden (Senior Statutory Auditor)
for and on behalf of Xeinadin Audit Limited

7. FINANCIAL COMMITMENTS, GUARANTEES AND CONTINGENT LIABILITIES

A company unlimited multilateral guarantee has been given by Randalls (Holdings) Limited, Randalls (Groundworks) Limited, Randalls Civils Limited, Randalls Properties Limited, Randalls Resource Limited and RGW Plant Limited to guarantee liabilities to Barclays Bank plc.

Barclays Bank plc hold a debenture including a fixed and floating charges over all assets and undertaking both present and future.

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is M Randall.

The company's ultimate parent undertaking at the balance sheet date is Randalls Holdings Limited, a company incorporated in England and Wales.