Caseware UK (AP4) 2023.0.135 2023.0.135 2024-01-312024-01-312023-02-01falseNo description of principal activity22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 09978018 2023-02-01 2024-01-31 09978018 2024-01-31 09978018 2022-02-01 2023-01-31 09978018 2023-01-31 09978018 1 2023-02-01 2024-01-31 09978018 d:Director1 2023-02-01 2024-01-31 09978018 d:Director2 2023-02-01 2024-01-31 09978018 d:RegisteredOffice 2023-02-01 2024-01-31 09978018 c:CurrentFinancialInstruments 2024-01-31 09978018 c:CurrentFinancialInstruments 2023-01-31 09978018 c:Non-currentFinancialInstruments 2024-01-31 09978018 c:Non-currentFinancialInstruments 2023-01-31 09978018 c:CurrentFinancialInstruments c:WithinOneYear 2024-01-31 09978018 c:CurrentFinancialInstruments c:WithinOneYear 2023-01-31 09978018 c:Non-currentFinancialInstruments c:AfterOneYear 2024-01-31 09978018 c:Non-currentFinancialInstruments c:AfterOneYear 2023-01-31 09978018 c:ShareCapital 2024-01-31 09978018 c:ShareCapital 2023-01-31 09978018 c:RetainedEarningsAccumulatedLosses 2024-01-31 09978018 c:RetainedEarningsAccumulatedLosses 2023-01-31 09978018 d:FRS102 2023-02-01 2024-01-31 09978018 d:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 09978018 d:FullAccounts 2023-02-01 2024-01-31 09978018 d:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 09978018 4 2023-02-01 2024-01-31 09978018 e:PoundSterling 2023-02-01 2024-01-31 iso4217:GBP xbrli:pure
Company registration number: 09978018







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 JANUARY 2024


RIO HOMES (SANDRINGHAM) LIMITED






































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RIO HOMES (SANDRINGHAM) LIMITED
 


 
COMPANY INFORMATION


Directors
Mr C A Foster 
Mrs C A Foster 




Registered number
09978018



Registered office
The Studio
38 Fleet Road

Fleet

Hampshire

GU51 4PW




Accountants
Menzies LLP
Chartered Accountants

Victoria House

50-58 Victoria Road

Farnborough

Hampshire

GU14 7PG





 


RIO HOMES (SANDRINGHAM) LIMITED
 



CONTENTS



Page
Statement of Financial Position
1 - 2
Notes to the Financial Statements
3 - 5


 


RIO HOMES (SANDRINGHAM) LIMITED
REGISTERED NUMBER:09978018



STATEMENT OF FINANCIAL POSITION
AS AT 31 JANUARY 2024

2024
2023
Note
£
£

  

Current assets
  

Stocks
  
536,487
510,000

Debtors: amounts falling due within one year
 4 
305,234
582,337

Cash at bank and in hand
  
1,590
168

  
843,311
1,092,505

Creditors: amounts falling due within one year
 5 
(86,119)
(46,589)

Net current assets
  
 
 
757,192
 
 
1,045,916

Total assets less current liabilities
  
757,192
1,045,916

Creditors: amounts falling due after more than one year
 6 
(569,925)
(580,085)

  

Net assets
  
187,267
465,831


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
187,167
465,731

  
187,267
465,831


Page 1

 


RIO HOMES (SANDRINGHAM) LIMITED
REGISTERED NUMBER:09978018


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 JANUARY 2024

The Directors consider 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 Directors acknowledge their 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 by: 



................................................
Mr C A Foster
Director

Date: 30 October 2024

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 


RIO HOMES (SANDRINGHAM) LIMITED
 


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

1.


General information

Rio Homes (Sandringham) Limited is a private company limited by shares registered in England and Wales. The address of the registered office, which is also the principal place of business, is disclosed on the company information page.

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

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

 
2.3

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
2.4

Exceptional items

Exceptional items are transactions that fall within the ordinary activities of the Company but are presented separately due to their size or incidence.

Page 3

 


RIO HOMES (SANDRINGHAM) LIMITED
 


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

2.Accounting policies (continued)

 
2.5

Stocks

Stock consists solely of work  in  progress and is  valued  at  the  lower  of  cost  and  net  realisable  value.
Costs include  direct  materials, labour  and  attributable  overheads.  Net  realisable  value  is  based  on  the estimated  contract  value  or  selling price, less any further costs to completion and realisation.

 
2.6

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).


4.


Debtors

2024
2023
£
£


Other debtors
302,731
551,904

Amounts recoverable on long term contracts
2,503
-

Deferred taxation
-
30,433

305,234
582,337



5.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
10,090
9,810

Trade creditors
11,790
2,100

Other creditors
10,225
21,686

Accruals and deferred income
54,014
12,993

86,119
46,589


Accruals includes loan interest of £49,084 (2023 - £8,340) which is secured on land held within work in progress.

Page 4

 


RIO HOMES (SANDRINGHAM) LIMITED
 


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

6.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
13,925
24,085

Other loans
556,000
556,000

569,925
580,085


Other loans of £556,000 (2023 - £556,000) are secured on land held within work in progress.


7.


Related party transactions

Included in other creditors is a loan of £7,875 (2023 - £3,000) from the directors.  The loan has been provided interest free and is repayable on demand.


8.


Post balance sheet events

During the year the company received notification that a debtor owing £207,895 was being put into liquidation.  Since the year end the company has received an update from the liquidator that is it unlikely to recover any of the debt and consequently has provided against the debt in full in the financial statements.

 
Page 5