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REGISTERED NUMBER: 13138316 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

4&7 REDCLIFFE PARADE WEST LTD

4&7 REDCLIFFE PARADE WEST LTD (REGISTERED NUMBER: 13138316)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 January 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Report of the Accountants 5

4&7 REDCLIFFE PARADE WEST LTD

COMPANY INFORMATION
For The Year Ended 31 January 2024







DIRECTORS: C G Badley
A J Mcvicar
F R R Dyton
J P Hooper
I G Randles





SECRETARY: Lancaster Brooks Property Management Limited





REGISTERED OFFICE: Lancaster Brooks Property Management Ltd
Avonlea Court
Cloverdale Drive
Longwell Green
Bristol
BS30 9UT





REGISTERED NUMBER: 13138316 (England and Wales)





ACCOUNTANTS: TC Group
1st Floor
Ocean Village Innovation Centre
Ocean Way
Southampton
Hampshire
SO14 3JZ

4&7 REDCLIFFE PARADE WEST LTD (REGISTERED NUMBER: 13138316)

BALANCE SHEET
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 120,584 120,584

CURRENT ASSETS
Cash at bank 3,475 15,718

CREDITORS
Amounts falling due within one year 5 9,295 11,726
NET CURRENT (LIABILITIES)/ASSETS (5,820 ) 3,992
TOTAL ASSETS LESS CURRENT LIABILITIES 114,764 124,576

CAPITAL AND RESERVES
Called up share capital 39 39
Share premium 116,916 128,864
Retained earnings (2,191 ) (4,327 )
114,764 124,576

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The 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.

The financial statements were approved by the Board of Directors and authorised for issue on 13 September 2024 and were signed on its behalf by:





C G Badley - Director


4&7 REDCLIFFE PARADE WEST LTD (REGISTERED NUMBER: 13138316)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 January 2024


1. STATUTORY INFORMATION

4&7 Redcliffe Parade West Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property
The property is held for investment and not for consumption and the directors consider that to depreciate it would not give a true and fair view. Depreciation is only one of the many elements reflected in the annual valuation of properties and accordingly the amount of depreciation which otherwise would have been charged cannot be separately identified or quantified. The directors consider that this policy results in the accounts giving a true and fair view.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Service charge funds
The company is responsible for the management of the property known as 4&7 Redcliffe Parade West and has instructed a managing agent to collect service charges from lessees in order to fund expenditure incurred in the management of the property. The service charge funds are held in trust on behalf of the leaseholders as required by Section 42 of the Landlord & Tenant Act 1987. All service charge transactions relating to the management of the property are reported separately and are excluded from the company's financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4&7 REDCLIFFE PARADE WEST LTD (REGISTERED NUMBER: 13138316)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 January 2024


4. INVESTMENT PROPERTY
Total
£   
COST
At 1 February 2023
and 31 January 2024 120,584
NET BOOK VALUE
At 31 January 2024 120,584
At 31 January 2023 120,584

The value of the investment property, which has been stated at cost, has been considered by the directors. The directors believe this to be an appropriate value given current market conditions for the property.

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 216 -
Other creditors 9,079 11,726
9,295 11,726

4&7 REDCLIFFE PARADE WEST LTD

REPORT OF THE ACCOUNTANTS TO THE DIRECTORS OF
4&7 REDCLIFFE PARADE WEST LTD


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of the company from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of the company, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of the company and state those matters that we have agreed to state to the Board of Directors of the company, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that the company has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of the company. You consider that the company is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of the company. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






TC Group
1st Floor
Ocean Village Innovation Centre
Ocean Way
Southampton
Hampshire
SO14 3JZ


18 September 2024