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Registration number: 08501186

Richmond Upon Thames Property Ltd

Annual Report and Unaudited Abridged Financial Statements

for the Period from 31 December 2022 to 30 June 2023

 

Richmond Upon Thames Property Ltd

Contents

Company Information

1

Director's Report

2

Accountants' Report

3

Abridged Profit and Loss Account

4

Statement of Comprehensive Income

5

Abridged Balance Sheet

6 to 7

Statement of Changes in Equity

8

Notes to the Unaudited Abridged Financial Statements

9 to 11

 

Richmond Upon Thames Property Ltd

Company Information

Director

F Y Mohideen

Registered office

1st Floor
11 Bruton Street
London
W1J 6PY

Accountants

Kishens Limited
Chartered Accountants
13 Montpelier Avenue
Bexley
Kent
DA5 3AP

 

Richmond Upon Thames Property Ltd

Director's Report for the Period from 31 December 2022 to 30 June 2023

The director presents her report and the abridged financial statements for the period from 31 December 2022 to 30 June 2023.

Director of the company

The director who held office during the period was as follows:

F Y Mohideen

Principal activity

The principal activity of the company is that of development of building projects and buying and selling of own real estate.

Small companies provision statement

This report has 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.

Approved and authorised by the director on 21 October 2023
 

.........................................
F Y Mohideen
Director

 

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Richmond Upon Thames Property Ltd
for the Period Ended 30 June 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Richmond Upon Thames Property Ltd for the period ended 30 June 2023 as set out on pages 4 to 11 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Richmond Upon Thames Property Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Richmond Upon Thames Property Ltd and state those matters that we have agreed to state to the Board of Directors of Richmond Upon Thames Property Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Richmond Upon Thames Property Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Richmond Upon Thames Property Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Richmond Upon Thames Property Ltd. You consider that Richmond Upon Thames Property Ltd is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the accounts of Richmond Upon Thames Property Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Kishens Limited
Chartered Accountants
13 Montpelier Avenue
Bexley
Kent
DA5 3AP

21 October 2023

 

Richmond Upon Thames Property Ltd

Abridged Profit and Loss Account for the Period from 31 December 2022 to 30 June 2023

Note

2023
£

2022
£

Gross profit

 

-

818,092

Administrative expenses

 

(2,000)

(401,389)

Interest payable and similar expenses

 

-

(890,344)

Loss before tax

(2,000)

(473,641)

Loss for the financial period

 

(2,000)

(473,641)

The above results were derived from continuing operations.

The company has no recognised gains or losses for the period other than the results above.

 

Richmond Upon Thames Property Ltd

Statement of Comprehensive Income for the Period from 31 December 2022 to 30 June 2023

2023
£

2022
£

Loss for the period

(2,000)

(473,641)

Total comprehensive income for the period

(2,000)

(473,641)

 

Richmond Upon Thames Property Ltd

(Registration number: 08501186)
Abridged Balance Sheet as at 30 June 2023

Note

2023
£

2022
£

Current assets

 

Stocks

4

13,000,000

13,000,000

Cash at bank and in hand

 

71,389

71,389

 

13,071,389

13,071,389

Prepayments and accrued income

 

4,058

4,058

Creditors: Amounts falling due within one year

(8,964,931)

(8,964,931)

Total assets less current liabilities

 

4,110,516

4,110,516

Creditors: Amounts falling due after more than one year

(10,186,779)

(10,186,779)

Accruals and deferred income

 

(153,911)

(151,911)

Net liabilities

 

(6,230,174)

(6,228,174)

Capital and reserves

 

Called up share capital

6

100

100

Retained earnings

(6,230,274)

(6,228,274)

Shareholders' deficit

 

(6,230,174)

(6,228,174)

For the financial period ending 30 June 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 period in question in accordance with section 476; and

The director acknowledges her 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.

All of the company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the director on 21 October 2023
 

 

Richmond Upon Thames Property Ltd

(Registration number: 08501186)
Abridged Balance Sheet as at 30 June 2023

.........................................
F Y Mohideen
Director

 

Richmond Upon Thames Property Ltd

Statement of Changes in Equity for the Period from 31 December 2022 to 30 June 2023

Share capital
£

Retained earnings
£

Total
£

At 31 December 2022

100

(6,228,274)

(6,228,174)

Loss for the period

-

(2,000)

(2,000)

At 30 June 2023

100

(6,230,274)

(6,230,174)

Share capital
£

Retained earnings
£

Total
£

At 1 January 2022

100

(5,754,633)

(5,754,533)

Loss for the period

-

(473,641)

(473,641)

At 30 December 2022

100

(6,228,274)

(6,228,174)

 

Richmond Upon Thames Property Ltd

Notes to the Unaudited Abridged Financial Statements for the Period from 31 December 2022 to 30 June 2023

1

General information

The company is a private company limited by share capital, incorporated in United kingdom.

The address of its registered office is:
1st Floor
11 Bruton Street
London
W1J 6PY
United Kingdom

These financial statements were authorised for issue by the director on 21 October 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 abridged 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 abridged 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 when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods or on completion of the designated services;
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.

 

Richmond Upon Thames Property Ltd

Notes to the Unaudited Abridged Financial Statements for the Period from 31 December 2022 to 30 June 2023

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.

Stocks

Stock and work in progress represents properties held for resale which are valued at the lower of cost and net realisable value. Cost is determined on property at cost plus expenses in acquiring the asset and bringing it to its present condition. Net realisable value is estimated selling price less costs to complete the sale. Provisions are made against slow moving and or dilapidated stock where net realisable value is less than cost.

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.

 

Richmond Upon Thames Property Ltd

Notes to the Unaudited Abridged Financial Statements for the Period from 31 December 2022 to 30 June 2023

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 period, was 1 (2022 - 1).

4

Stocks

2023
£

2022
£

Finished goods and goods for resale

13,000,000

13,000,000

5

Debtors

Debtors includes £Nil (2022 - £Nil) due after more than one year.

6

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100

         

7

Parent and ultimate parent undertaking

The ultimate controlling party is the directors.