1 December 2022 v2024.40.1 limited_company_frs_102_section_1a_v1_1_1 companies_houseSoftwarefalsetruetruetrueNo description of principal activity00falsetruexbrli:purexbrli:sharesiso4217:GBP123174762022-12-012023-11-30123174762023-11-30123174762022-11-3012317476core:WithinOneYear2023-11-3012317476core:WithinOneYear2022-11-3012317476core:AfterOneYear2023-11-3012317476core:AfterOneYear2022-11-3012317476core:ShareCapital2023-11-3012317476core:ShareCapital2022-11-3012317476core:RetainedEarningsAccumulatedLosses2023-11-3012317476core:RetainedEarningsAccumulatedLosses2022-11-3012317476bus:Director12022-12-012023-11-3012317476bus:RegisteredOffice2022-12-012023-11-3012317476core:PlantMachinery2022-12-012023-11-3012317476core:LandBuildings2023-11-3012317476core:PlantMachinery2023-11-3012317476core:PlantMachinery2022-12-01123174762022-12-0112317476core:LandBuildings2022-11-3012317476core:PlantMachinery2022-11-301231747612022-12-012023-11-30123174762021-12-012022-11-3012317476countries:EnglandWales2022-12-012023-11-3012317476bus:AuditExemptWithAccountantsReport2022-12-012023-11-3012317476bus:PrivateLimitedCompanyLtd2022-12-012023-11-3012317476bus:SmallEntities2022-12-012023-11-3012317476bus:FullAccounts2022-12-012023-11-30
Company registration number:
12317476
Right Click Properties Limited
Unaudited Filleted Financial Statements for the year ended
30 November 2023
Right Click Properties Limited
Report of the Accountant to the director of Right Click Properties Limited
Year ended
30 November 2023
These financial statements have been prepared in accordance with my terms of engagement and in order to assist you to fulfil your duties under the Companies Acts that relate to preparing the financial statements of the company for the year ended
30 November 2023
.
I have prepared these financial statements based on the accounting records, information and explanations provided by you. I do not express any opinion on the financial statements.
On the statement of financial position you have acknowledged your duties under the prevailing Companies Acts to ensure that the company keeps adequate accounting records and prepares financial statements that give a "true and fair view".
You have determined that the company is exempt from the statutory requirement for an audit for this accounting year. Therefore, the financial statements are unaudited.
The financial statements are provided exclusively to the director for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.
H ROBINSON
MAAT, ATT
79 Sutton Road
Seaford
BN25 4QH
United Kingdom
Date:
31 August 2024
Right Click Properties Limited
Statement of Financial Position
30 November 2023
20232022
Note££
Fixed assets    
Tangible assets 5
194,608
 
198,073
 
Current assets    
Cash at bank and in hand
10,323
 
15,691
 
Creditors: amounts falling due within one year 6
(33,855
)
(28,645
)
Net current liabilities
(23,532
)
(12,954
)
Total assets less current liabilities 171,076   185,119  
Creditors: amounts falling due after more than one year 7
(216,282
)
(210,142
)
Net liabilities
(45,206
)
(25,023
)
Capital and reserves    
Called up share capital
3
 
3
 
Profit and loss account
(45,209
)
(25,026
)
Shareholders deficit
(45,206
)
(25,023
)
For the year ending
30 November 2023
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
  • 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;
  • The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
financial statements
have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies’ regime.
In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered.
These
financial statements
were approved by the board of directors and authorised for issue on
31 August 2024
, and are signed on behalf of the board by:
J Yap
Director
Company registration number:
12317476
Right Click Properties Limited
Notes to the Financial Statements
Year ended
30 November 2023

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
49 Sherwood Road
,
Seaford
,
East Sussex
,
BN25 3EG
, England.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Plant and machinery
15% reducing Balance

Investment properties

Investment property is measured initially at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.
The current value of the property is IRO £200,000 however we have not revalued it in these statements due to the uncertainty of the current market climate and we are unsure if the value will fall again.

Finance leases and hire purchase contracts

Assets held under finance leases are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset.
Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price and are subsequently measured as follows: Debt instruments are subsequently measured at amortised cost and commitments to receive a loan and to make a loan to another entity are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment.
All other financial instruments, including derivatives, are initially recognised at fair value, which is normally the transaction price and are subsequently measured at fair value, with any changes recognised in profit or loss.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
All equity instruments regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

4 Average number of employees

The average number of persons employed by the company during the year was Nil (2022: Nil).

5 Tangible assets

Land and buildingsPlant and machinery etc.Total
£££
Cost      
At
1 December 2022
and
30 November 2023
174,973
 
24,000
 
198,973
 
Depreciation      
At
1 December 2022
-  
900
 
900
 
Charge -  
3,465
 
3,465
 
At
30 November 2023
-  
4,365
 
4,365
 
Carrying amount      
At
30 November 2023
174,973
 
19,635
 
194,608
 
At 30 November 2022
174,973
 
23,100
 
198,073
 

Investment property

Included in land and buildings are the following amounts in relation to investment properties:
2023
£
Carrying value at
1 December 2022
and
30 November 2023
174,973
 

6 Creditors: amounts falling due within one year

20232022
££
Other creditors
33,855
 
28,645
 

7 Creditors: amounts falling due after more than one year

20232022
££
Other creditors
216,282
 
210,142
 

8 Director's advances, credit and guarantees

Directors loan account £211,413 (2021 £202,802) is a long term loan which is not expected to be fully repayable until the sale of the property.
Interest Accrued in the period totals £6,949.