Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.No description of principal activity2023-04-01false33falsetrue 04126709 2023-04-01 2024-03-31 04126709 2022-04-01 2023-03-31 04126709 2024-03-31 04126709 2023-03-31 04126709 c:Director2 2023-04-01 2024-03-31 04126709 d:Buildings 2024-03-31 04126709 d:Buildings 2023-03-31 04126709 d:Buildings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 04126709 d:OfficeEquipment 2024-03-31 04126709 d:OfficeEquipment 2023-03-31 04126709 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 04126709 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 04126709 d:CurrentFinancialInstruments 2024-03-31 04126709 d:CurrentFinancialInstruments 2023-03-31 04126709 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 04126709 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 04126709 d:ShareCapital 2024-03-31 04126709 d:ShareCapital 2023-03-31 04126709 d:InvestmentPropertiesRevaluationReserve 2024-03-31 04126709 d:InvestmentPropertiesRevaluationReserve 2023-03-31 04126709 d:OtherMiscellaneousReserve 2023-04-01 2024-03-31 04126709 d:RetainedEarningsAccumulatedLosses 2023-04-01 2024-03-31 04126709 d:RetainedEarningsAccumulatedLosses 2024-03-31 04126709 d:RetainedEarningsAccumulatedLosses 2023-03-31 04126709 c:OrdinaryShareClass1 2023-04-01 2024-03-31 04126709 c:OrdinaryShareClass1 2024-03-31 04126709 c:OrdinaryShareClass2 2023-04-01 2024-03-31 04126709 c:OrdinaryShareClass2 2024-03-31 04126709 c:OrdinaryShareClass3 2023-04-01 2024-03-31 04126709 c:OrdinaryShareClass3 2024-03-31 04126709 c:OrdinaryShareClass4 2023-04-01 2024-03-31 04126709 c:OrdinaryShareClass4 2024-03-31 04126709 c:FRS102 2023-04-01 2024-03-31 04126709 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 04126709 c:FullAccounts 2023-04-01 2024-03-31 04126709 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 04126709 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2023-04-01 2024-03-31 04126709 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2024-03-31 04126709 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2023-03-31 04126709 2 2023-04-01 2024-03-31 04126709 6 2023-04-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 04126709









RIDDLESWORTH PROPERTIES LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

 
RIDDLESWORTH PROPERTIES LIMITED
 

CONTENTS



Page
Balance sheet
 
 
1 - 2
Notes to the financial statements
 
 
3 - 8


 
RIDDLESWORTH PROPERTIES LIMITED
REGISTERED NUMBER: 04126709

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
650,167
650,333

Investments
 5 
109,667
8,528

  
759,834
658,861

Current assets
  

Debtors: amounts falling due within one year
 6 
389
149,737

Cash at bank and in hand
  
183,707
304,623

  
184,096
454,360

Creditors: amounts falling due within one year
 7 
(188,453)
(281,685)

Net current (liabilities)/assets
  
 
 
(4,357)
 
 
172,675

Total assets less current liabilities
  
755,477
831,536

Provisions for liabilities
  

Deferred tax
  
(94,124)
(93,548)

  
 
 
(94,124)
 
 
(93,548)

Net assets
  
661,353
737,988


Capital and reserves
  

Share capital
  
100
100

Investment property reserve
 9 
365,570
362,843

Profit and loss account
 9 
295,683
375,045

  
661,353
737,988


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.

Page 1

 
RIDDLESWORTH PROPERTIES LIMITED
REGISTERED NUMBER: 04126709
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 8 July 2024.





A J Hagen
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
RIDDLESWORTH PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

The company is a private company limited by shares. It is both incorporated domiciled in England and Wales. The registered office address is 7 The Close, Norwich, Norfolk, NR1 4DJ. 
The ongoing principal activity of the company is that of property rental. The principal place of business is Riddlesworth, Norfolk.

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:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Interest income

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

Page 3

 
RIDDLESWORTH PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.4

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.

 
2.5

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.6

Valuation of investments

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Profit and loss account for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

 
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

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 4

 
RIDDLESWORTH PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.9

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.

 
2.10

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the Balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Balance sheet.

 
2.11

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.

 
2.12

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. Dividends on shares recognised as liabilities are recognised as expenses and classified within interest payable.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2023 - 3).

Page 5

 
RIDDLESWORTH PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Investment Property





Freehold property
Office equipment
Total

£
£
£



Cost or valuation


At 1 April 2023
650,000
499
650,499



At 31 March 2024

650,000
499
650,499



Depreciation


At 1 April 2023
-
166
166


Charge for the year on owned assets
-
166
166



At 31 March 2024

-
332
332



Net book value



At 31 March 2024
650,000
167
650,167



At 31 March 2023
650,000
333
650,333


5.


Fixed asset investments





Listed investments
Unlisted investments
Total

£
£
£



Cost or valuation


At 1 April 2023
-
8,528
8,528


Additions
97,837
-
97,837


Revaluations
3,302
-
3,302



At 31 March 2024
101,139
8,528
109,667




Page 6

 
RIDDLESWORTH PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

6.


Debtors

2024
2023
£
£


Other debtors
-
149,384

Prepayments and accrued income
389
353

389
149,737



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
2,342
655

Other taxation and social security
-
33,769

Other creditors
186,111
247,261

188,453
281,685



8.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



42  'A' Ordinary shares of £1.00 each
42
42
26  'B' Ordinary shares of £1.00 each
26
26
26  'C' Ordinary shares of £1.00 each
26
26
6  'D' Ordinary shares of £1.00 each
6
6

100

100



9.


Reserves

Other reserves

The fair value reserve represents the cumulative value of revaluations of listed investments to fair value, net of deferred tax. The amounts debited or credited to this reserve are transfers from the profit and loss account. Deferred tax is provided for on these fair value adjustments at the standard rate of corporation tax.

Profit and loss account

The profit and loss account includes all current and prior period retained profits and losses.

Page 7

 
RIDDLESWORTH PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

10.


Related party transactions

As at 31 March 2024 the directors were owed £164,087 (2023: £207,256) by the company.

 
Page 8