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Company Registration No. 11814188 (England and Wales)
Radcliffe Property Investments Limited Unaudited financial statements for the year ended 31 March 2023
Radcliffe Property Investments Limited Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,070 
2,142 
Investment property
1,785,000 
1,785,000 
1,786,070 
1,787,142 
Current assets
Debtors
189 
1,765 
Cash at bank and in hand
140,893 
104,730 
141,082 
106,495 
Creditors: amounts falling due within one year
(14,611)
(15,368)
Net current assets
126,471 
91,127 
Total assets less current liabilities
1,912,541 
1,878,269 
Creditors: amounts falling due after more than one year
(1,587,491)
(1,592,883)
Provisions for liabilities
Deferred tax
(53,886)
(53,886)
Net assets
271,164 
231,500 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
271,064 
231,400 
Shareholders' funds
271,164 
231,500 
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 directors acknowledge their 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 of Directors and authorised for issue on 19 March 2024 and were signed on its behalf by
Mrs P Radcliffe Director Company Registration No. 11814188
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Radcliffe Property Investments Limited Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
Radcliffe Property Investments Limited is a private company, limited by shares, registered in England and Wales, registration number 11814188. The registered office is Hinton Bungalow, Hinton Manor Lane, Catherington, Hampshire, PO8 0QW.
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 modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.
Presentation currency
The accounts are prepared in sterling, which is the functional currency of the company. Monetary amounts in the accounts are rounded to the nearest £.
Turnover
Turnover represents amounts receivable for rent and goods and services net of trade discounts.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% straight line
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Going concern
The company is reliant upon the continued support of its directors. The financial statements are prepared on a going concern basis as it is not expected that the directors will withdraw funding in the near future.
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Radcliffe Property Investments Limited Notes to the Accounts for the year ended 31 March 2023
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 April 2022
5,358 
At 31 March 2023
5,358 
Depreciation
At 1 April 2022
3,216 
Charge for the year
1,072 
At 31 March 2023
4,288 
Net book value
At 31 March 2023
1,070 
At 31 March 2022
2,142 
5
Investment property
2023 
£ 
Fair value at 1 April 2022
1,785,000 
At 31 March 2023
1,785,000 
The fair value of the investment property has been arrived at on the basis of a valuation carried out by the directors on the balance sheet date. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
189 
335 
Other debtors
- 
1,430 
189 
1,765 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
9,526 
7,660 
Accruals
2,453 
3,053 
Deferred income
2,632 
4,655 
14,611 
15,368 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Loans from directors
1,587,491 
1,592,883 
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Radcliffe Property Investments Limited Notes to the Accounts for the year ended 31 March 2023
9
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
5 A Ordinary Shares of £1 of £1 each
5 
5 
5 B Ordinary Shares of £1 of £1 each
5 
5 
45 C Ordinary Shares of £1 of £1 each
45 
45 
45 D Ordinary Shares of £1 of £1 each
45 
45 
100 
100 
10
Loans to directors
At the year end the company owed the director the sum of £1,587,491 (2022: £1,592,883) which is included in creditors due after more than one year. There are no fixed repayment terms and no interest is charged.
11
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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