R D Investments Limited 03103414 false 2022-04-01 2023-03-31 2023-03-31 The principal activity of the company is leasing of owned real estate Digita Accounts Production Advanced 6.30.9574.0 true true 03103414 2022-04-01 2023-03-31 03103414 2023-03-31 03103414 bus:OrdinaryShareClass1 2023-03-31 03103414 core:CurrentFinancialInstruments 2023-03-31 03103414 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 03103414 core:Non-currentFinancialInstruments 2023-03-31 03103414 core:Non-currentFinancialInstruments core:AfterOneYear 2023-03-31 03103414 bus:SmallEntities 2022-04-01 2023-03-31 03103414 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 03103414 bus:FullAccounts 2022-04-01 2023-03-31 03103414 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 03103414 bus:RegisteredOffice 2022-04-01 2023-03-31 03103414 bus:Director1 2022-04-01 2023-03-31 03103414 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 03103414 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 03103414 countries:EnglandWales 2022-04-01 2023-03-31 03103414 2022-03-31 03103414 2021-04-01 2022-03-31 03103414 2022-03-31 03103414 bus:OrdinaryShareClass1 2022-03-31 03103414 core:CurrentFinancialInstruments 2022-03-31 03103414 core:CurrentFinancialInstruments core:WithinOneYear 2022-03-31 03103414 core:Non-currentFinancialInstruments 2022-03-31 03103414 core:Non-currentFinancialInstruments core:AfterOneYear 2022-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 03103414

R D Investments Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2023

 

R D Investments Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

 

R D Investments Limited

Company Information

Director

Mrs B Dymond

Registered office

Unit 2 Hither Green Ind Est
Clevedon
North Somerset
BS21 6XT

Accountants

Newsham Hanson Accountants Limited
Accountants & Business Advisors
Edinburgh House
1-5 Bellevue Road
Clevedon
North Somerset
BS21 7NP

 

R D Investments Limited

(Registration number: 03103414)
Balance Sheet as at 31 March 2023

Note

2023
£

2022
£

Fixed assets

 

Investment property

4

500,000

500,000

Current assets

 

Debtors

5

1,338

-

Cash at bank and in hand

 

51,678

22,042

 

53,016

22,042

Creditors: Amounts falling due within one year

6

(242,448)

(235,435)

Net current liabilities

 

(189,432)

(213,393)

Total assets less current liabilities

 

310,568

286,607

Creditors: Amounts falling due after more than one year

6

(94,063)

(125,120)

Net assets

 

216,505

161,487

Capital and reserves

 

Called up share capital

7

100

100

Retained earnings

216,405

161,387

Shareholders' funds

 

216,505

161,487

For the financial year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 10 November 2023
 

.........................................
Mrs B Dymond
Director

 

R D Investments Limited

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

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit 2 Hither Green Ind Est
Clevedon
North Somerset
BS21 6XT

These financial statements were authorised for issue by the director on 10 November 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income 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 taxable income.

 

R D Investments Limited

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

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by the director. The director uses observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

 

R D Investments Limited

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

4

Investment properties

2023
£

At 1 April

500,000

At 31 March

500,000

There has been no valuation of investment property by an independent valuer.

5

Debtors

Current

2023
£

2022
£

Trade debtors

1,338

-

 

R D Investments Limited

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

6

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Bank loans and overdrafts

8

25,500

19,900

Amounts owed to related parties

91,709

91,709

Taxation and social security

 

3,669

3,781

Other creditors

 

121,570

120,045

 

242,448

235,435

Due after one year

 

Loans and borrowings

8

94,063

125,120

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

8

94,063

125,120

7

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100

         
 

R D Investments Limited

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

8

Loans and borrowings

2023
£

2022
£

Non-current loans and borrowings

Bank borrowings

94,063

125,120

2023
£

2022
£

Current loans and borrowings

Bank borrowings

25,500

19,900