REGISTERED NUMBER: |
RIGHELATO PROPERTY COMPANY LTD |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 25 JANUARY 2023 TO 31 MARCH 2024 |
REGISTERED NUMBER: |
RIGHELATO PROPERTY COMPANY LTD |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 25 JANUARY 2023 TO 31 MARCH 2024 |
RIGHELATO PROPERTY COMPANY LTD (REGISTERED NUMBER: 14616749) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 25 JANUARY 2023 TO 31 MARCH 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 | to | 4 |
RIGHELATO PROPERTY COMPANY LTD |
COMPANY INFORMATION |
FOR THE PERIOD 25 JANUARY 2023 TO 31 MARCH 2024 |
DIRECTOR: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
255 Green Lanes |
Palmers Green |
London |
N13 4XE |
RIGHELATO PROPERTY COMPANY LTD (REGISTERED NUMBER: 14616749) |
BALANCE SHEET |
31 MARCH 2024 |
Notes | £ |
CURRENT ASSETS |
Stocks |
Debtors | 4 |
CREDITORS |
Amounts falling due within one year | 5 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital | 7 |
SHAREHOLDERS' FUNDS |
The director acknowledges his 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 were approved by the director and authorised for issue on |
RIGHELATO PROPERTY COMPANY LTD (REGISTERED NUMBER: 14616749) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 25 JANUARY 2023 TO 31 MARCH 2024 |
1. | STATUTORY INFORMATION |
Righelato Property Company Ltd is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Stocks |
Work in progress is valued at the lower of cost and net realisable value. |
Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition. |
Taxation |
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 period 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. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was NIL. |
4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Other debtors |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Other creditors |
RIGHELATO PROPERTY COMPANY LTD (REGISTERED NUMBER: 14616749) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 25 JANUARY 2023 TO 31 MARCH 2024 |
6. | SECURED DEBTS |
The following secured debts are included within creditors: |
£ |
Director's loan | 147,500 |
Secretary's loan | 147,500 |
A fixed charge in the sum of £295000 over the land to the West of the Haven, Hawks Point, St Ives Cornwall. |
7. | CALLED UP SHARE CAPITAL |
Allotted and issued: |
Number: | Class: | Nominal |
value: | £ |
Share capital 1 | 1 | 2 |
2 Ordinary shares of 1 each were allotted |
8. | RELATED PARTY DISCLOSURES |
The director and the Company secretary own one share each and have provided all of the capital to acquire the land for development and each is owed £261,933 at 31 March 2024 |