Caseware UK (AP4) 2022.0.179 2022.0.179 2023-01-312023-01-31true2022-02-01falseNo description of principal activity22trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09978018 2022-02-01 2023-01-31 09978018 2023-01-31 09978018 2021-02-01 2022-01-31 09978018 2022-01-31 09978018 1 2022-02-01 2023-01-31 09978018 d:Director1 2022-02-01 2023-01-31 09978018 d:Director2 2022-02-01 2023-01-31 09978018 d:RegisteredOffice 2022-02-01 2023-01-31 09978018 c:CurrentFinancialInstruments 2023-01-31 09978018 c:CurrentFinancialInstruments 2022-01-31 09978018 c:Non-currentFinancialInstruments 2023-01-31 09978018 c:Non-currentFinancialInstruments 2022-01-31 09978018 c:CurrentFinancialInstruments c:WithinOneYear 2023-01-31 09978018 c:CurrentFinancialInstruments c:WithinOneYear 2022-01-31 09978018 c:Non-currentFinancialInstruments c:AfterOneYear 2023-01-31 09978018 c:Non-currentFinancialInstruments c:AfterOneYear 2022-01-31 09978018 c:ShareCapital 2023-01-31 09978018 c:ShareCapital 2022-01-31 09978018 c:RetainedEarningsAccumulatedLosses 2023-01-31 09978018 c:RetainedEarningsAccumulatedLosses 2022-01-31 09978018 d:FRS102 2022-02-01 2023-01-31 09978018 d:AuditExempt-NoAccountantsReport 2022-02-01 2023-01-31 09978018 d:FullAccounts 2022-02-01 2023-01-31 09978018 d:PrivateLimitedCompanyLtd 2022-02-01 2023-01-31 iso4217:GBP xbrli:pure
Company registration number: 09978018







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 JANUARY 2023


RIO HOMES (SANDRINGHAM) LIMITED






































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RIO HOMES (SANDRINGHAM) LIMITED
 


 
COMPANY INFORMATION


Directors
Mr C A Foster 
Mrs C A Foster 




Registered number
09978018



Registered office
The Studio
38 Fleet Road

Fleet

Hampshire

GU51 4PW




Accountants
Menzies LLP
Chartered Accountants

Victoria House

50-58 Victoria Road

Farnborough

Hampshire

GU14 7PG





 


RIO HOMES (SANDRINGHAM) LIMITED
 



CONTENTS



Page
Statement of Financial Position
1 - 2
Notes to the Financial Statements
3 - 5


 


RIO HOMES (SANDRINGHAM) LIMITED
REGISTERED NUMBER:09978018



STATEMENT OF FINANCIAL POSITION
AS AT 31 JANUARY 2023

2023
2022
Note
£
£

  

Current assets
  

Stocks
 4 
510,000
612,535

Debtors: amounts falling due within one year
 5 
582,337
823,244

Cash at bank and in hand
  
168
14,790

  
1,092,505
1,450,569

Creditors: amounts falling due within one year
 6 
(46,589)
(922,509)

Net current assets
  
 
 
1,045,916
 
 
528,060

Total assets less current liabilities
  
1,045,916
528,060

Creditors: amounts falling due after more than one year
 7 
(580,085)
(33,986)

  

Net assets
  
465,831
494,074


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
465,731
493,974

  
465,831
494,074


The Directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The Directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 



................................................
Mr C A Foster
Director
Date: 25 October 2023

The notes on pages 3 to 5 form part of these financial statements.
Page 1

 


RIO HOMES (SANDRINGHAM) LIMITED
REGISTERED NUMBER:09978018


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 JANUARY 2023


Page 2

 


RIO HOMES (SANDRINGHAM) LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

1.


General information

Rio Homes (Sandringham) Limited is a private company limited by shares registered in England and Wales. The address of the registered office, which is also the principal place of business, is disclosed on the company information page.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover comprises sales of residential housing and is recognised on legal completion.  Legal and other costs are included in cost of sales.

 
2.3

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Statement of Financial Position date, except that:
 
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
2.4

Stocks

Stock and work in progress is valued at cost with provision made for foreseeable losses where appropriate. Cost comprises land and associated acquisition costs, direct materials, subcontract work and other direct costs, and attributable overheads based on normal level of activity. No element of profit is included in the valuation of stock and work in progress.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).

Page 3

 


RIO HOMES (SANDRINGHAM) LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

4.


Stocks

2023
2022
£
£

Work in progress
510,000
612,535

510,000
612,535


Impairment losses of £102,535 were recognised through cost of sales in the profit and loss account during the year.


5.


Debtors

2023
2022
£
£


Other debtors
551,904
802,226

Deferred taxation
30,433
21,018

582,337
823,244


The deferred tax asset is regarded as due in more than one year.


6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
9,810
9,547

Other loans
-
631,430

Trade creditors
2,100
116,415

Other creditors
21,686
122,453

Accruals and deferred income
12,993
42,664

46,589
922,509


The other loan of £631,430 in 2022 was secured over land held within work in progress.

Page 4

 


RIO HOMES (SANDRINGHAM) LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
24,085
33,986

Other loans
556,000
-

580,085
33,986


The other loans of £556,000 (2022 - £nil) is secured over land held within work in progress.


8.


Related party transactions

Included in other creditors is a loan of £3,000 (2022 - £83,000) from the directors.  The loan has been provided interest free and is repayable on demand.


9.


Post balance sheet events

Since the year end the company has received notification that a debtor owing £213,895 at 31 January 2023 has been put into liquidation.  At this time it is not known how much of the debtor will be recovered.

 
Page 5