Caseware UK (AP4) 2022.0.179 2022.0.179 2023-08-312023-08-3162022-09-01falseProperty Management6truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 10960870 2022-09-01 2023-08-31 10960870 2021-09-01 2022-08-31 10960870 2023-08-31 10960870 2022-08-31 10960870 c:Director5 2022-09-01 2023-08-31 10960870 d:CurrentFinancialInstruments 2023-08-31 10960870 d:CurrentFinancialInstruments 2022-08-31 10960870 d:Non-currentFinancialInstruments 2023-08-31 10960870 d:Non-currentFinancialInstruments 2022-08-31 10960870 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 10960870 d:CurrentFinancialInstruments d:WithinOneYear 2022-08-31 10960870 d:Non-currentFinancialInstruments d:AfterOneYear 2023-08-31 10960870 d:Non-currentFinancialInstruments d:AfterOneYear 2022-08-31 10960870 d:ShareCapital 2023-08-31 10960870 d:ShareCapital 2022-08-31 10960870 d:RetainedEarningsAccumulatedLosses 2023-08-31 10960870 d:RetainedEarningsAccumulatedLosses 2022-08-31 10960870 c:OrdinaryShareClass1 2022-09-01 2023-08-31 10960870 c:OrdinaryShareClass1 2023-08-31 10960870 c:OrdinaryShareClass1 2022-08-31 10960870 c:OrdinaryShareClass2 2022-09-01 2023-08-31 10960870 c:OrdinaryShareClass2 2023-08-31 10960870 c:OrdinaryShareClass2 2022-08-31 10960870 c:OrdinaryShareClass3 2022-09-01 2023-08-31 10960870 c:OrdinaryShareClass3 2023-08-31 10960870 c:OrdinaryShareClass3 2022-08-31 10960870 c:OrdinaryShareClass4 2022-09-01 2023-08-31 10960870 c:OrdinaryShareClass4 2023-08-31 10960870 c:OrdinaryShareClass4 2022-08-31 10960870 c:OrdinaryShareClass5 2022-09-01 2023-08-31 10960870 c:OrdinaryShareClass5 2023-08-31 10960870 c:OrdinaryShareClass5 2022-08-31 10960870 c:FRS102 2022-09-01 2023-08-31 10960870 c:AuditExempt-NoAccountantsReport 2022-09-01 2023-08-31 10960870 c:FullAccounts 2022-09-01 2023-08-31 10960870 c:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 10960870 e:PoundSterling 2022-09-01 2023-08-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 10960870









READ ESTATES AND DEVELOPMENTS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 AUGUST 2023

 
READ ESTATES AND DEVELOPMENTS LIMITED
REGISTERED NUMBER: 10960870

BALANCE SHEET
AS AT 31 AUGUST 2023

2023
2022
Note
£
£

  

CURRENT ASSETS
  

Debtors: amounts falling due within one year
 4 
10,380
17,734

Cash at bank and in hand
  
23,097
14,757

  
33,477
32,491

Creditors: amounts falling due within one year
 5 
(23,127)
(20,879)

NET CURRENT ASSETS
  
 
 
10,350
 
 
11,612

TOTAL ASSETS LESS CURRENT LIABILITIES
  
10,350
11,612

Creditors: amounts falling due after more than one year
 6 
(4,833)
(6,833)

  

NET ASSETS
  
5,517
4,779


CAPITAL AND RESERVES
  

Called up share capital 
 7 
1
1

Profit and loss account
  
5,516
4,778

  
5,517
4,779


Page 1

 
READ ESTATES AND DEVELOPMENTS LIMITED
REGISTERED NUMBER: 10960870
    
BALANCE SHEET (CONTINUED)
AS AT 31 AUGUST 2023

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 profit and loss account 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: 






N E Read
Director

Date: 3 April 2024

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

Page 2

 
READ ESTATES AND DEVELOPMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

1.


GENERAL INFORMATION

Read Estates and Developments Limited is a private company limited by shares and incorporated in England & Wales. Its registered office is Mostyn, 76 High Street, Sutton, Ely, Cambridgeshire, CB6 2NL.

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

The turnover shown in the profit and loss account represents property management income receivable during the year.

 
2.3

TAXATION

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

 
2.4

DEBTORS

Short term debtors are measured at transaction price, less any impairment.

 
2.5

CASH AND CASH EQUIVALENTS

Cash is represented by cash in hand and deposits with financial institutions repaybale without penalty on notice of not more than 24 hours.

 
2.6

CREDITORS

Short term creditors are measued at the transaction price.


3.


EMPLOYEES

The average monthly number of employees, including directors, during the year was 6 (2022 - 6).

Page 3

 
READ ESTATES AND DEVELOPMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

4.


DEBTORS

2023
2022
£
£


Other debtors
10,380
17,734

10,380
17,734



5.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023
2022
£
£

Bank loans
2,000
2,000

Corporation tax
173
456

Other creditors
7,500
7,500

Accruals and deferred income
13,454
10,923

23,127
20,879


Bank loans relates to a Government backed 'bounceback' loan. This loan is 100% guaranteed by the Government and there were no fees or interest payable by the Company in the first 12 months. After this period, interest is charged at 2.5% per annum. .


6.


CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2023
2022
£
£

Bank loans
4,833
6,833

4,833
6,833


Bank loans relates to a Government backed 'bounceback' loan. This loan is 100% guaranteed by the Government and there were no fees or interest payable by the Company in the first 12 months. After this period, interest is charged at 2.5% per annum.

Page 4

 
READ ESTATES AND DEVELOPMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

7.


SHARE CAPITAL

2023
2022
£
£
ALLOTTED, CALLED UP AND FULLY PAID



20 (2022 - 20) Ordinary A shares of £0.01 each
0.20
0.20
20 (2022 - 20) Ordinary B shares of £0.01 each
0.20
0.20
20 (2022 - 20) Ordinary C shares of £0.01 each
0.20
0.20
20 (2022 - 20) Ordinary D shares of £0.01 each
0.20
0.20
20 (2022 - 20) Ordinary E shares of £0.01 each
0.20
0.20

1.00

1.00


 
Page 5