Caseware UK (AP4) 2023.0.135 2023.0.135 2024-01-312024-01-312023-02-01falseNo description of principal activity11truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 05687598 2023-02-01 2024-01-31 05687598 2022-02-01 2023-01-31 05687598 2024-01-31 05687598 2023-01-31 05687598 c:Director1 2023-02-01 2024-01-31 05687598 d:PlantMachinery 2023-02-01 2024-01-31 05687598 d:PlantMachinery 2024-01-31 05687598 d:PlantMachinery 2023-01-31 05687598 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 05687598 d:MotorVehicles 2023-02-01 2024-01-31 05687598 d:MotorVehicles 2024-01-31 05687598 d:MotorVehicles 2023-01-31 05687598 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 05687598 d:FurnitureFittings 2023-02-01 2024-01-31 05687598 d:FurnitureFittings 2024-01-31 05687598 d:FurnitureFittings 2023-01-31 05687598 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 05687598 d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 05687598 d:CurrentFinancialInstruments 2024-01-31 05687598 d:CurrentFinancialInstruments 2023-01-31 05687598 d:Non-currentFinancialInstruments 2024-01-31 05687598 d:Non-currentFinancialInstruments 2023-01-31 05687598 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 05687598 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 05687598 d:Non-currentFinancialInstruments d:AfterOneYear 2024-01-31 05687598 d:Non-currentFinancialInstruments d:AfterOneYear 2023-01-31 05687598 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-01-31 05687598 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-01-31 05687598 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-01-31 05687598 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-01-31 05687598 d:ShareCapital 2024-01-31 05687598 d:ShareCapital 2023-01-31 05687598 d:RetainedEarningsAccumulatedLosses 2024-01-31 05687598 d:RetainedEarningsAccumulatedLosses 2023-01-31 05687598 c:FRS102 2023-02-01 2024-01-31 05687598 c:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 05687598 c:FullAccounts 2023-02-01 2024-01-31 05687598 c:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 05687598 2 2023-02-01 2024-01-31 05687598 e:PoundSterling 2023-02-01 2024-01-31 iso4217:GBP xbrli:pure

Registered number: 05687598










ROBERT CHARLES PROPERTY DEVELOPMENT LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JANUARY 2024

 
ROBERT CHARLES PROPERTY DEVELOPMENT LIMITED
REGISTERED NUMBER: 05687598

BALANCE SHEET
AS AT 31 JANUARY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
7,965
9,458

  
7,965
9,458

Current assets
  

Stocks
  
60,709
60,709

Debtors: amounts falling due within one year
 5 
317
1,118

Cash at bank and in hand
 6 
4,154
9,328

  
65,180
71,155

Creditors: amounts falling due within one year
 7 
(73,414)
(86,721)

Net current liabilities
  
 
 
(8,234)
 
 
(15,566)

Total assets less current liabilities
  
(269)
(6,108)

Creditors: amounts falling due after more than one year
 8 
(11,294)
(11,474)

  

Net liabilities
  
(11,563)
(17,582)


Capital and reserves
  

Called up share capital 
  
1,000
1,000

Profit and loss account
  
(12,563)
(18,582)

  
(11,563)
(17,582)


Page 1

 
ROBERT CHARLES PROPERTY DEVELOPMENT LIMITED
REGISTERED NUMBER: 05687598

BALANCE SHEET (CONTINUED)
AS AT 31 JANUARY 2024

The director considers 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 director acknowledges his 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 income and retained earnings 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 on 25 October 2024.




J.R.C. Flanagan
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
ROBERT CHARLES PROPERTY DEVELOPMENT LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1.


General information

Robert Charles Property Development Limited is a private company, limited by shares, domiciled in England and Wales, registration number 05687598. The registered office is 53 Castle Road, Benfleet, Essex.  SS7 2AN.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

In view of the excess of liabilities over assets at 31 January 2024 of £11,563 the appropriateness of the going concern basis is dependent upon the continued support of the company's creditors.
The company's creditors have continued to support the company and the director is of the opinion that they will continue to do so. In light of the aforementioned, the director considers it appropriate to adopt the going concern basis in preparing these financial statements.       

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
ROBERT CHARLES PROPERTY DEVELOPMENT LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
15% reducing balance
Motor vehicles
-
25% reducing balance
Fixtures, fittings & equipment
-
15% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.9

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.

Page 4

 
ROBERT CHARLES PROPERTY DEVELOPMENT LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.11

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.


3.


Employees




The average monthly number of employees, including directors, during the year was 1 (2023 - 1).

Page 5

 
ROBERT CHARLES PROPERTY DEVELOPMENT LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Fixtures, fittings and equipment
Total

£
£
£
£



Cost or valuation


At 1 February 2023
20,057
13,155
458
33,670


Additions
111
-
-
111



At 31 January 2024

20,168
13,155
458
33,781



Depreciation


At 1 February 2023
12,745
11,302
165
24,212


Charge for the year on owned assets
1,097
463
44
1,604



At 31 January 2024

13,842
11,765
209
25,816



Net book value



At 31 January 2024
6,326
1,390
249
7,965



At 31 January 2023
7,312
1,853
293
9,458


5.


Debtors

2024
2023
£
£


Other debtors
-
920

Prepayments and accrued income
317
198

317
1,118



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
4,154
9,328

4,154
9,328


Page 6

 
ROBERT CHARLES PROPERTY DEVELOPMENT LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
1,656
1,651

Trade creditors
800
1,300

Other taxation and social security
4,105
5,835

Other creditors
66,853
77,935

73,414
86,721



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
11,294
11,474

11,294
11,474



9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
1,656
1,651


1,656
1,651


Amounts falling due 2-5 years

Bank loans
7,053
7,034


7,053
7,034

Amounts falling due after more than 5 years

Bank loans
4,242
4,440

4,242
4,440

12,951
13,125



Page 7