Caseware UK (AP4) 2022.0.179 2022.0.179 2023-09-302023-09-302The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2022-10-01falseNo description of principal activity4falsetrue 01164595 2022-10-01 2023-09-30 01164595 2022-09-30 01164595 c:Director1 2022-10-01 2023-09-30 01164595 d:OfficeEquipment 2022-10-01 2023-09-30 01164595 d:OfficeEquipment 2023-09-30 01164595 d:OfficeEquipment 2022-09-30 01164595 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-10-01 2023-09-30 01164595 d:CurrentFinancialInstruments 2023-09-30 01164595 d:CurrentFinancialInstruments 2022-09-30 01164595 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 01164595 d:CurrentFinancialInstruments d:WithinOneYear 2022-09-30 01164595 d:ShareCapital 2023-09-30 01164595 d:ShareCapital 2022-09-30 01164595 d:RetainedEarningsAccumulatedLosses 2023-09-30 01164595 d:RetainedEarningsAccumulatedLosses 2022-09-30 01164595 c:FRS102 2022-10-01 2023-09-30 01164595 c:IndependentExaminationCharity 2022-10-01 2023-09-30 01164595 c:FullAccounts 2022-10-01 2023-09-30 01164595 c:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 01164595 2021-10-01 2022-09-30 01164595 2023-09-30 iso4217:GBP xbrli:pure

Registered number: 01164595









PETER RICE DEVELOPMENTS LIMITED









FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2023

 
PETER RICE DEVELOPMENTS LIMITED
REGISTERED NUMBER: 01164595

BALANCE SHEET
AS AT 30 SEPTEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
-
683

  
-
683

Current assets
  

Stocks
  
1,000
15,210

Debtors: amounts falling due within one year
 5 
30,364
28,196

Cash at bank and in hand
  
207,077
142,752

  
238,441
186,158

Creditors: amounts falling due within one year
 6 
(20,131)
(6,053)

Net current assets
  
 
 
218,310
 
 
180,105

Total assets less current liabilities
  
218,310
180,788

  

Net assets
  
£218,310
£180,788


Capital and reserves
  

Called up share capital 
  
1,000
1,000

Profit and loss account
  
217,310
179,788

  
£218,310
£180,788


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 statement of income and retained earnings 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.

Peter James Rice
Page 1

 
PETER RICE DEVELOPMENTS LIMITED
REGISTERED NUMBER: 01164595
    
BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 2023

Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

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

1.


General information

Peter 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 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 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

Finance costs

Finance costs are charged to the Statement of income and retained earnings over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3

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

2.Accounting policies (continued)

 
2.4

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.

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment
-
25% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
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

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

3.


Employees

The average monthly number of employees, including directors, during the year was 4 (2022 - 2).


4.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 October 2022
2,065



At 30 September 2023

2,065



Depreciation


At 1 October 2022
1,382


Charge for the year on owned assets
683



At 30 September 2023

2,065



Net book value



At 30 September 2023
£-



At 30 September 2022
£683


5.


Debtors

2023
2022
£
£


Trade debtors
2,349
-

Other debtors
18,015
28,196

Prepayments and accrued income
10,000
-

£30,364
£28,196


Page 5

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

6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
2,458
320

Corporation tax
9,744
-

Other taxation and social security
3,929
1,533

Accruals and deferred income
4,000
4,200

£20,131
£6,053



7.


Auditor's information

The auditor's report on the financial statements for the year ended 30 September 2023 was unqualified.

The audit report was signed on 26 March 2024 by Philip Bryan.

 
Page 6