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REGISTERED NUMBER: 08904317 (England and Wales)

















RADLEY HOUSE PARTNERSHIP LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 OCTOBER 2022 TO 31 MARCH 2023






RADLEY HOUSE PARTNERSHIP LIMITED (REGISTERED NUMBER: 08904317)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 OCTOBER 2022 TO 31 MARCH 2023




Page

Balance Sheet 1

Notes to the Financial Statements 3


RADLEY HOUSE PARTNERSHIP LIMITED (REGISTERED NUMBER: 08904317)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 284,625 297,000
Tangible assets 5 24,964 13,619
309,589 310,619

CURRENT ASSETS
Debtors 6 218,168 287,919
Cash at bank and in hand 251,272 256,169
469,440 544,088
CREDITORS
Amounts falling due within one year 7 299,044 463,567
NET CURRENT ASSETS 170,396 80,521
TOTAL ASSETS LESS CURRENT
LIABILITIES

479,985

391,140

CREDITORS
Amounts falling due after more than one year 8 (22,501 ) (27,500 )

PROVISIONS FOR LIABILITIES (6,241 ) (2,588 )
NET ASSETS 451,243 361,052

CAPITAL AND RESERVES
Called up share capital 12,000 12,000
Retained earnings 439,243 349,052
SHAREHOLDERS' FUNDS 451,243 361,052

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2023 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.

RADLEY HOUSE PARTNERSHIP LIMITED (REGISTERED NUMBER: 08904317)

BALANCE SHEET - continued
31 MARCH 2023


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 October 2023 and were signed on its behalf by:




J C Poll - Director J Nicholson - Director




J O Murphy - Director T I Smith - Director


RADLEY HOUSE PARTNERSHIP LIMITED (REGISTERED NUMBER: 08904317)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 OCTOBER 2022 TO 31 MARCH 2023

1. STATUTORY INFORMATION

Radley House Partnership Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 08904317

Registered office: Keelings Broad House
The Broadway
Old Hatfield
Herts
AL9 5BG

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.

Going concern
The financial statements are prepared on the going concern basis.

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. In the Director's opinion, there are no significant judgements or key sources of estimation uncertainty.

Turnover/revenue recognition
Turnover represents revenue earned from architectural services (net of VAT). Revenue is recognised as earned when, and to the extent that, the company obtains the right to consideration in exchange for its services. It is measured at the fair value of the right to consideration, which represents amounts chargeable to clients.

Revenue is generally recognised as activity progresses so that for incomplete contracts it reflects the accrual of the right to consideration by reference to the value of work performed. Revenue not yet billed to clients' is included in debtors.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Goodwill, being the amount paid in connection with the acquisition of the business is being amortised over a 20-year period.

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 - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 50% on reducing balance

Government grants
Government grants have been accounted for under the accrual model, recognised as other income in the period to which they relate. There were no unfulfilled conditions or contingencies attached to the grants.

Financial instruments
The company only enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Profit and Loss Account.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

RADLEY HOUSE PARTNERSHIP LIMITED (REGISTERED NUMBER: 08904317)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 OCTOBER 2022 TO 31 MARCH 2023

2. ACCOUNTING POLICIES - continued

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 14 (2022 - 14 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2022
and 31 March 2023 495,000
AMORTISATION
At 1 October 2022 198,000
Charge for period 12,375
At 31 March 2023 210,375
NET BOOK VALUE
At 31 March 2023 284,625
At 30 September 2022 297,000

RADLEY HOUSE PARTNERSHIP LIMITED (REGISTERED NUMBER: 08904317)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 OCTOBER 2022 TO 31 MARCH 2023

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 October 2022 3,017 23,274 9,831 36,122
Additions - 2,240 13,201 15,441
At 31 March 2023 3,017 25,514 23,032 51,563
DEPRECIATION
At 1 October 2022 2,715 12,561 7,227 22,503
Charge for period 38 1,339 2,719 4,096
At 31 March 2023 2,753 13,900 9,946 26,599
NET BOOK VALUE
At 31 March 2023 264 11,614 13,086 24,964
At 30 September 2022 302 10,713 2,604 13,619

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 173,427 254,021
Other debtors 44,741 33,898
218,168 287,919

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 10,473 4,629
Taxation and social security 182,378 186,581
Other creditors 96,193 262,357
299,044 463,567

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 22,501 27,500

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 34,605 36,215
Between one and five years 50,661 67,964
85,266 104,179

RADLEY HOUSE PARTNERSHIP LIMITED (REGISTERED NUMBER: 08904317)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 OCTOBER 2022 TO 31 MARCH 2023

10. RELATED PARTY DISCLOSURES

Directors
All directors have made available unsecured loans on which interest at 10% is charged. At 31 March 2023 the directors' loan balances totalled £91,923 (30 September 2022 - £256,115). These loans are reflected as short term, and repayable within one year, in accordance with the principles of accounting standard FRS 102.