Company Registration No. 10571168 (England and Wales)
Ricaud Property Limited
Unaudited accounts
for the year ended 31 March 2024
Ricaud Property Limited
Unaudited accounts
Contents
Ricaud Property Limited
Company Information
for the year ended 31 March 2024
Directors
Dr P M Ricaud
Mrs R A Ricaud
Company Number
10571168 (England and Wales)
Registered Office
79 Glen Eyre Road
Southampton
SO16 3NN
Ricaud Property Limited
Statement of financial position
as at 31 March 2024
Investment property
460,000
460,000
Cash at bank and in hand
1,899
23,668
Creditors: amounts falling due within one year
(51,012)
(87,286)
Net current liabilities
(47,472)
(61,380)
Total assets less current liabilities
412,528
398,620
Creditors: amounts falling due after more than one year
(281,546)
(281,546)
Provisions for liabilities
Deferred tax
(13,037)
(13,037)
Net assets
117,945
104,037
Called up share capital
10
10
Revaluation reserve
55,580
55,580
Profit and loss account
62,355
48,447
Shareholders' funds
117,945
104,037
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 12 September 2024 and were signed on its behalf by
Dr P M Ricaud
Director
Company Registration No. 10571168
Ricaud Property Limited
Notes to the Accounts
for the year ended 31 March 2024
Ricaud Property Limited is a private company, limited by shares, registered in England and Wales, registration number 10571168. The registered office is 79 Glen Eyre Road, Southampton, SO16 3NN.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Rental income from the letting of residential property is measured at the fair value of the consideration received or receivable, net of discounts.
The investment properties are shown at its fair value as estimated by the Director. Any movement in fair value is recognised in the fair value reserve.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Fair value at 1 April 2023
460,000
The investment properties are valued at open market value by the Directors. The original cost of the property was £391,383 (2023: £391,383).
Ricaud Property Limited
Notes to the Accounts
for the year ended 31 March 2024
Amounts falling due within one year
Accrued income and prepayments
321
294
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
3,732
3,541
Other creditors
1,319
1,943
Loans from directors
45,794
81,635
7
Creditors: amounts falling due after more than one year
2024
2023
Other creditors
281,546
281,546
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).