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Company Registration No. 06164648 (England and Wales)
RIA DEVELOPMENT LIMITED Unaudited accounts for the year ended 31 March 2023
RIA DEVELOPMENT LIMITED Unaudited accounts Contents
Page
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RIA DEVELOPMENT LIMITED Company Information for the year ended 31 March 2023
Director
Mike Davidson
Secretary
Peter Davidson
Company Number
06164648 (England and Wales)
Registered Office
Office 7 35-37 Ludgate Hill London EC4M 7JN
Accountants
Accounts and Returns Ltd 26 Smith St Warwick CV34 4HS
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RIA DEVELOPMENT LIMITED Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
4,317 
1,328 
Investment property
12,579 
12,579 
16,896 
13,907 
Current assets
Debtors
8,054 
18,054 
Cash at bank and in hand
19,148 
472 
27,202 
18,526 
Creditors: amounts falling due within one year
(24,919)
(18,879)
Net current assets/(liabilities)
2,283 
(353)
Total assets less current liabilities
19,179 
13,554 
Creditors: amounts falling due after more than one year
(5,208)
(13,403)
Net assets
13,971 
151 
Capital and reserves
Called up share capital
10 
10 
Profit and loss account
13,961 
141 
Shareholders' funds
13,971 
151 
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 6 November 2023 and were signed on its behalf by
Mike Davidson Director Company Registration No. 06164648
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RIA DEVELOPMENT LIMITED Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
RIA DEVELOPMENT LIMITED is a private company, limited by shares, registered in England and Wales, registration number 06164648. The registered office is Office 7 35-37 Ludgate Hill, London, EC4M 7JN.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing Balance
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RIA DEVELOPMENT LIMITED Notes to the Accounts for the year ended 31 March 2023
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At valuation 
At 1 April 2022
9,580 
Additions
4,427 
Revaluations
1 
At 31 March 2023
14,008 
Depreciation
At 1 April 2022
8,252 
Charge for the year
1,439 
At 31 March 2023
9,691 
Net book value
At 31 March 2023
4,317 
At 31 March 2022
1,328 
5
Investment property
2023 
£ 
Fair value at 1 April 2022
12,579 
At 31 March 2023
12,579 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
355 
355 
Other debtors
7,699 
17,699 
8,054 
18,054 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
(4,702)
(4,864)
Taxes and social security
29,621 
23,743 
24,919 
18,879 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Other creditors
5,208 
13,403 
9
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
10 Ordinary shares of £1 each
10 
10 
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RIA DEVELOPMENT LIMITED Notes to the Accounts for the year ended 31 March 2023
10
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Mike Davidson
Loan 0% Interest
17,699 
- 
10,000 
7,699 
17,699 
- 
10,000 
7,699 
During the year, M Davidson was granted a short term loan. The maximum liability during the year was £17,699 and the amount owed at 31st March 2023 was £7,699. The loan is repayable on demand. Interest at the rate of 0% per annum is charged on the loan.
11
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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