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Company Registration No. 09127358 (England and Wales)
R2V DESIGN & BUILD LTD Unaudited accounts for the year ended 31 October 2023
R2V DESIGN & BUILD LTD Unaudited accounts Contents
Page
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R2V DESIGN & BUILD LTD Company Information for the year ended 31 October 2023
Directors
Vinod Patel Prakash Patel
Company Number
09127358 (England and Wales)
Registered Office
342 REGENTS PARK ROAD LONDON N3 2LJ ENGLAND
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R2V DESIGN & BUILD LTD Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
969,859 
969,859 
Current assets
Debtors
10,432 
- 
Cash at bank and in hand
55,833 
80,961 
66,265 
80,961 
Creditors: amounts falling due within one year
(299,347)
(307,876)
Net current liabilities
(233,082)
(226,915)
Total assets less current liabilities
736,777 
742,944 
Creditors: amounts falling due after more than one year
(720,000)
(720,000)
Net assets
16,777 
22,944 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
16,677 
22,844 
Shareholders' funds
16,777 
22,944 
For the year ending 31 October 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 17 May 2024 and were signed on its behalf by
Vinod Patel Director Company Registration No. 09127358
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R2V DESIGN & BUILD LTD Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
R2V DESIGN & BUILD LTD is a private company, limited by shares, registered in England and Wales, registration number 09127358. The registered office is 342 REGENTS PARK ROAD, LONDON, N3 2LJ, ENGLAND.
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 as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
4
Tangible fixed assets
Land & buildings 
£ 
Cost or valuation
At cost 
At 1 November 2022
969,859 
At 31 October 2023
969,859 
Depreciation
At 31 October 2023
- 
Net book value
At 31 October 2023
969,859 
At 31 October 2022
969,859 
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R2V DESIGN & BUILD LTD Notes to the Accounts for the year ended 31 October 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
6,525 
- 
Accrued income and prepayments
2,460 
- 
Other debtors
1,447 
- 
10,432 
- 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
1,992 
3,252 
Taxes and social security
- 
5,391 
Other creditors
297,355 
299,233 
299,347 
307,876 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
720,000 
720,000 
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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