Company registration number 12598554 (England and Wales)
RDR PROPERTY INVESTMENTS LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024
PAGES FOR FILING WITH REGISTRAR
RDR PROPERTY INVESTMENTS LTD
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
RDR PROPERTY INVESTMENTS LTD (REGISTERED NUMBER: 12598554)
BALANCE SHEET
AS AT
31 MAY 2024
31 May 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Investment property
3
1,425,000
1,228,314
Current assets
Debtors
4
6,740
3,298
Cash at bank and in hand
30,428
13,122
37,168
16,420
Creditors: amounts falling due within one year
5
(1,078,554)
(1,054,648)
Net current liabilities
(1,041,386)
(1,038,228)
Total assets less current liabilities
383,614
190,086
Creditors: amounts falling due after more than one year
6
(38,500)
(38,500)
Provisions for liabilities
(66,245)
(28,876)
Net assets
278,869
122,710
Capital and reserves
Called up share capital
100
100
Non-distributable profits reserve
7
310,164
170,486
Distributable profit and loss reserves
(31,395)
(47,876)
Total equity
278,869
122,710

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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 members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

RDR PROPERTY INVESTMENTS LTD (REGISTERED NUMBER: 12598554)
BALANCE SHEET (CONTINUED)
AS AT
31 MAY 2024
31 May 2024
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 6 August 2024 and are signed on its behalf by:
Mr N Redding
Director
RDR PROPERTY INVESTMENTS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024
- 3 -
1
Accounting policies
Company information

RDR Property Investments Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 19/21 Swan Street, West Malling, United Kingdom, ME19 6JU.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2
Going concern

Atruet the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Investment property

Investment property, which is property held to earn rentals and for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.

1.4
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.5
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
4
3
RDR PROPERTY INVESTMENTS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2024
- 4 -
3
Investment property
2024
£
Fair value
At 1 June 2023
1,228,314
Additions
24,244
Revaluations
172,442
At 31 May 2024
1,425,000

Investment property comprises £1,425,000. The fair value of the investment property has been arrived at on the basis of a valuation carried out by the directors of the company. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
6,740
3,298
5
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
2,730
7,514
Other creditors
1,075,824
1,047,134
1,078,554
1,054,648
6
Creditors: amounts falling due after more than one year
2024
2023
£
£
Other creditors
38,500
38,500
RDR PROPERTY INVESTMENTS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2024
- 5 -
7
Non-distributable profits reserve
2024
2023
£
£
At the beginning of the year
170,486
180,268
Non distributable profits in the year
139,678
(9,782)
At the end of the year
310,164
170,486
8
Financial commitments, guarantees and contingent liabilities

Long term creditors are secured against the investment properties to which they relate.

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