0 false false false false false false false false false false true false false false false false false No description of principal activity 2023-10-01 Sage Accounts Production Advanced 2023 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 07587125 2023-10-01 2024-09-30 07587125 2024-09-30 07587125 2023-09-30 07587125 2022-04-01 2023-09-30 07587125 2023-09-30 07587125 2022-03-31 07587125 core:FurnitureFittings 2023-10-01 2024-09-30 07587125 bus:LeadAgentIfApplicable 2023-10-01 2024-09-30 07587125 bus:Director7 2023-10-01 2024-09-30 07587125 core:WithinOneYear 2023-09-30 07587125 core:ShareCapital 2024-09-30 07587125 core:ShareCapital 2023-09-30 07587125 core:RetainedEarningsAccumulatedLosses 2024-09-30 07587125 core:RetainedEarningsAccumulatedLosses 2023-09-30 07587125 bus:SmallEntities 2023-10-01 2024-09-30 07587125 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 07587125 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 07587125 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 07587125 bus:AbridgedAccounts 2023-10-01 2024-09-30 07587125 core:ComputerEquipment 2023-10-01 2024-09-30
STATEMENT OF CONSENT TO PREPARE ABRIDGED FINANCIAL STATEMENTS
All of the members of Recreation Road Limited have consented to the preparation of the abridged statement of income and retained earnings and the abridged statement of financial position for the year ending 30 September 2024 in accordance with Section 444(2A) of the Companies Act 2006.
COMPANY REGISTRATION NUMBER: 07587125
RECREATION ROAD LIMITED
FILLETED UNAUDITED ABRIDGED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 September 2024
RECREATION ROAD LIMITED
REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY ABRIDGED FINANCIAL STATEMENTS OF RECREATION ROAD LIMITED
YEAR ENDED 30 SEPTEMBER 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abridged financial statements of Recreation Road Limited for the year ended 30 September 2024, which comprise the abridged statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html. Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf.
LANGARD LIFFORD HALL LIMITED Accountants and Registered Auditors
Lifford Hall Lifford Lane Kings Norton Birmingham B30 3JN
2 October 2024
RECREATION ROAD LIMITED
ABRIDGED STATEMENT OF FINANCIAL POSITION
30 September 2024
2024
2023
Note
£
£
£
£
Current Assets
Debtors
1,029
Creditors: amounts falling due within one year
1,028
------------
------------
Net Current Assets
1
------------
------------
Total Assets Less Current Liabilities
1
------------
------------
Capital and Reserves
Called up share capital
7
7
Profit and loss account
( 7)
( 6)
------------
------------
Shareholders Funds
1
------------
------------
These abridged financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the abridged statement of income and retained earnings has not been delivered.
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements .
RECREATION ROAD LIMITED
ABRIDGED STATEMENT OF FINANCIAL POSITION (continued)
30 September 2024
These abridged financial statements were approved by the board of directors and authorised for issue on 2 October 2024 , and are signed on behalf of the board by:
Dr D F Law
Director
Company registration number: 07587125
RECREATION ROAD LIMITED
NOTES TO THE ABRIDGED FINANCIAL STATEMENTS
YEAR ENDED 30 SEPTEMBER 2024
1. General Information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Lifford Hall, Lifford Lane, Kings Norton, Birmingham, B30 3JN.
2. Statement of Compliance
These abridged financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting Policies
Basis of preparation
The abridged financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The abridged financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
The turnover shown in the profit and loss account represents the realisable value of goods and services provided during the year, net of discounts and exclusive of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and fittings
-
5% reducing balance
Equipment
-
5% reducing balance
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.