Caseware UK (AP4) 2022.0.179 2022.0.179 2023-09-302023-09-30false2022-10-01truefalsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.No description of principal activity22 01377021 2022-10-01 2023-09-30 01377021 2021-10-01 2022-09-30 01377021 2023-09-30 01377021 2022-09-30 01377021 c:Director1 2022-10-01 2023-09-30 01377021 d:CurrentFinancialInstruments 2023-09-30 01377021 d:CurrentFinancialInstruments 2022-09-30 01377021 d:Non-currentFinancialInstruments 2023-09-30 01377021 d:Non-currentFinancialInstruments 2022-09-30 01377021 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 01377021 d:CurrentFinancialInstruments d:WithinOneYear 2022-09-30 01377021 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-09-30 01377021 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-09-30 01377021 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-09-30 01377021 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-09-30 01377021 c:FRS102 2022-10-01 2023-09-30 01377021 c:IndependentExaminationCharity 2022-10-01 2023-09-30 01377021 c:FullAccounts 2022-10-01 2023-09-30 01377021 c:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 01377021 d:TaxLossesCarry-forwardsDeferredTax 2023-09-30 01377021 d:TaxLossesCarry-forwardsDeferredTax 2022-09-30 01377021 2 2022-10-01 2023-09-30 01377021 e:PoundSterling 2022-10-01 2023-09-30 iso4217:GBP xbrli:pure

Registered number: 01377021









RAYMOND RICE DEVELOPMENTS LIMITED









FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2023

 
RAYMOND RICE DEVELOPMENTS LIMITED
REGISTERED NUMBER: 01377021

BALANCE SHEET
AS AT 30 SEPTEMBER 2023

2023
2022
Note
£
£

  

Fixed assets
  

Tangible assets
  
1,539
-

  
1,539
-

Current assets
  

Stocks
 4 
400,848
188,780

Debtors: amounts falling due within one year
 5 
266,304
216,637

Cash at bank and in hand
  
10,676
55,626

  
677,828
461,043

Creditors: amounts falling due within one year
 6 
(549,756)
(370,820)

Net current assets
  
 
 
128,072
 
 
90,223

Total assets less current liabilities
  
129,611
90,223

  

Creditors: amounts falling due after more than one year
 7 
-
(26,589)

  
129,611
63,634

  

  

Net assets excluding pension asset
  
129,611
63,634

Net assets
  
129,611
63,634


Capital and reserves
  

Called up share capital 
  
1,250
1,250

Share premium account
  
49,750
49,750

Profit and loss account
  
78,611
12,634

  
129,611
63,634


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 Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
Page 1

 
RAYMOND RICE DEVELOPMENTS LIMITED
REGISTERED NUMBER: 01377021
    
BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 2023


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 on 26 March 2024.



Raymond Kenneth Rice
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
RAYMOND RICE DEVELOPMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

1.


General information

Raymond Rice Developments Limited is a private company, limited by shares, registered in England and Wales.  The company's registered number and registered office address can be found on the company information page. 

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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3

 
RAYMOND RICE DEVELOPMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

2.Accounting policies (continued)

 
2.5

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.6

Stocks and work in progress

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 4

 
RAYMOND RICE DEVELOPMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

2.Accounting policies (continued)

 
2.9

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.10

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees




The average monthly number of employees, including the directors, during the year was as follows:


        2023
        2022
            No.
            No.







Administration
2
2


4.


Stocks

2023
2022
£
£

Work in progress (development to be sold)
400,848
188,780

400,848
188,780



5.


Debtors

2023
2022
£
£


Other debtors
254,308
211,679

Prepayments and accrued income
11,996
1,353

Deferred taxation
-
3,605

266,304
216,637

Page 5

 
RAYMOND RICE DEVELOPMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

5.Debtors (continued)



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
-
28,246

Trade creditors
4,902
1,783

Corporation tax
16,281
-

Other creditors
518,900
336,374

Accruals and deferred income
9,673
4,417

549,756
370,820



7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Loans
-
26,589

-
26,589


The following liabilities were secured:

2023
2022
£
£



Pension fund loan
-
17,598

-
17,598

Details of security provided:

Loans are secured on property

Page 6

 
RAYMOND RICE DEVELOPMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

8.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank and pension fund loans
-
28,246


-
28,246

Amounts falling due 1-2 years

Bank and pension fund loans
-
10,648


-
10,648

Amounts falling due 2-5 years

Bank loans
-
15,941


-
15,941


-
54,835



9.


Deferred taxation




2023


£






At beginning of year
3,605


Charged to profit or loss
(3,605)



At end of year
-

The deferred tax asset is made up as follows:

2023
2022
£
£


Tax losses carried forward
-
3,605

-
3,605

Page 7

 
RAYMOND RICE DEVELOPMENTS LIMITED
 
 
 Page 8