Company registration number 03651356 (England and Wales)
READCO 187 LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
PAGES FOR FILING WITH REGISTRAR
READCO 187 LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
READCO 187 LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2023
31 December 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Investments
4
511,929
511,929
Current assets
Cash at bank and in hand
233
134
Creditors: amounts falling due within one year
5
(481,281)
(480,681)
Net current liabilities
(481,048)
(480,547)
Net assets
30,881
31,382
Capital and reserves
Called up share capital
6
5,000
5,000
Capital redemption reserve
6,111
6,111
Profit and loss reserves
19,770
20,271
Total equity
30,881
31,382
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his 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.
The financial statements were approved and signed by the director and authorised for issue on 6 September 2024
K Steel
Director
Company registration number 03651356 (England and Wales)
READCO 187 LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
- 2 -
1
Accounting policies
Company information
Readco 187 Limited is a private company limited by shares incorporated in England and Wales. The registered office is Fox Lane, Bradford Road, Wakefield, WF1 2AJ.
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 £.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.
2
Judgements and key sources of estimation uncertainty
In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
3
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2023
2022
Number
Number
Total
1
1
4
Fixed asset investments
2023
2022
£
£
Shares in group undertakings and participating interests
511,929
511,929
READCO 187 LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 3 -
5
Creditors: amounts falling due within one year
2023
2022
£
£
Amounts owed to group undertakings
481,281
480,681
6
Called up share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
5000 of £1 each
5,000
5,000
5,000
5,000
7
Related Party Transactions
The company has outstanding loans with its subsidiaries, T.S Booker & Son Limited and T.S Booker & Son (Manufacturing) Limited. The details are as follows:
Loan from T.S Booker & Son Limited
Amount: £478,291
Terms: The loan is unsecured, bears no interest, and is repayable on demand.
Loan from T.S Booker & Son (Manufacturing) Limited
Amount: £2,990
Terms: The loan is unsecured, bears no interest, and is repayable on demand.
8
Subsidiaries
The company’s subsidiaries are T.S Booker & Son Limited and T.S Booker & Son (Manufacturing) Limited, both registered at Fox Lane, Bradford Road, Wakefield, West Yorkshire, WF1 2AJ.