Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31false2023-04-01No description of principal activity22falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13227658 2023-04-01 2024-03-31 13227658 2022-04-01 2023-03-31 13227658 2024-03-31 13227658 2023-03-31 13227658 2022-04-01 13227658 c:Director1 2023-04-01 2024-03-31 13227658 c:Director2 2023-04-01 2024-03-31 13227658 d:FreeholdInvestmentProperty 2024-03-31 13227658 d:FreeholdInvestmentProperty 2023-03-31 13227658 d:CurrentFinancialInstruments 2024-03-31 13227658 d:CurrentFinancialInstruments 2023-03-31 13227658 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 13227658 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 13227658 d:ShareCapital 2024-03-31 13227658 d:ShareCapital 2023-03-31 13227658 d:ShareCapital 2022-04-01 13227658 d:InvestmentPropertiesRevaluationReserve 2024-03-31 13227658 d:InvestmentPropertiesRevaluationReserve 2023-03-31 13227658 d:InvestmentPropertiesRevaluationReserve 2022-04-01 13227658 d:RetainedEarningsAccumulatedLosses 2023-04-01 2024-03-31 13227658 d:RetainedEarningsAccumulatedLosses 2024-03-31 13227658 d:RetainedEarningsAccumulatedLosses 2022-04-01 2023-03-31 13227658 d:RetainedEarningsAccumulatedLosses 2023-03-31 13227658 d:RetainedEarningsAccumulatedLosses 2022-04-01 13227658 d:TaxLossesCarry-forwardsDeferredTax 2024-03-31 13227658 d:TaxLossesCarry-forwardsDeferredTax 2023-03-31 13227658 d:OtherDeferredTax 2024-03-31 13227658 d:OtherDeferredTax 2023-03-31 13227658 c:OrdinaryShareClass1 2023-04-01 2024-03-31 13227658 c:OrdinaryShareClass1 2024-03-31 13227658 c:OrdinaryShareClass1 2023-03-31 13227658 c:OrdinaryShareClass2 2023-04-01 2024-03-31 13227658 c:OrdinaryShareClass2 2024-03-31 13227658 c:OrdinaryShareClass2 2023-03-31 13227658 c:FRS102 2023-04-01 2024-03-31 13227658 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 13227658 c:FullAccounts 2023-04-01 2024-03-31 13227658 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure

13227658







REALLY AWESOME DEVELOPMENTS LIMITED

DIRECTORS' REPORT AND UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED
31 MARCH 2024

































REALLY AWESOME DEVELOPMENTS LIMITED
REGISTERED NUMBER:13227658

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Investment property
 4 
350,000
350,000

  
350,000
350,000

Current assets
  

Debtors: amounts falling due within one year
 5 
200
200

  
200
200

Creditors: amounts falling due within one year
 6 
(240,521)
(229,627)

Net current liabilities
  
 
 
(240,321)
 
 
(229,427)

Total assets less current liabilities
  
109,679
120,573

Provisions for liabilities
  

Deferred tax
 7 
(27,370)
(30,093)

  
 
 
(27,370)
 
 
(30,093)

Net assets
  
82,309
90,480


Capital and reserves
  

Called up share capital 
 8 
200
200

Investment property reserve
  
104,668
104,668

Profit and loss account
  
(22,559)
(14,388)

  
82,309
90,480


Page 1

REALLY AWESOME DEVELOPMENTS LIMITED
REGISTERED NUMBER:13227658
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

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 statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




L Roberts
K O'Brien
Director
Director


Date: 3 September 2024

The notes on pages 4 to 7 form part of these financial statements.

Page 2

REALLY AWESOME DEVELOPMENTS LIMITED

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2024


Called up share capital
Investment property revaluation reserve
Profit and loss account
Total equity

£
£
£
£


At 1 April 2022
200
104,668
(6,378)
98,490



Loss for the year
-
-
(8,010)
(8,010)



At 1 April 2023
200
104,668
(14,388)
90,480



Loss for the year
-
-
(8,171)
(8,171)


At 31 March 2024
200
104,668
(22,559)
82,309


The notes on pages 4 to 7 form part of these financial statements.

Page 3

REALLY AWESOME DEVELOPMENTS LIMITED
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Really Awesome Developments Limited is a company limited by shares and is domiciled and incorporated in England and Wales. 
The address of the Company's registered office and place of business is 6 Vale Road, Tunbridge Wells, Kent, TN1 1BP.
The presentation currency of the financial statements is pound sterling.

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 Company's functional and presentational currency is GBP. 

The following principal accounting policies have been applied:

 
2.2

Going concern

Having taken into account all available information about the company’s trading prospects and cash flow requirements for 12 months from the date of approval of the financial statements, the directors consider that the company is a going concern.

 
2.3

Revenue

Revenue represents amounts receivable for goods and services net of VAT and trade discounts.
Revenue is recognised at the point of sale. Rental income is measured as the fair value of consideration received or receivable, excluding any discounts, rebates, value added tax and other sales taxes.

Page 4

REALLY AWESOME DEVELOPMENTS 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

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.

 
2.6

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.

 
2.7

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 5

REALLY AWESOME DEVELOPMENTS LIMITED
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Investment property


Investment property

£



Valuation


At 1 April 2023
350,000



At 31 March 2024
350,000

The 2024 valuations were made by the directors, on an open market value for existing use basis taking into account properties of a similar size, condition, location and letting potential to those held by the Company.





5.


Debtors

2024
2023
£
£


Other debtors
200
200



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Amounts owed to connected companies
237,146
226,477

Accruals and deferred income
3,375
3,150

240,521
229,627


Page 6

REALLY AWESOME DEVELOPMENTS LIMITED
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

7.


Deferred taxation




2024


£






At beginning of year
(30,093)


Charged to profit or loss
2,723



At end of year
(27,370)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Tax losses carried forward
7,519
4,796

Unrealised property gains
(34,889)
(34,889)

(27,370)
(30,093)


8.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) Ordinary A shares of £1.00 each
100
100
100 (2023 - 100) Ordinary B shares of £1.00 each
100
100

200

200


Both Ordinary A and Ordinary B shares have full rights regarding voting, payment of dividends and distributions.

 
Page 7