Company Registration No. 13575430 (England and Wales)
RICCAL PROPERTY LIMITED
Unaudited accounts
for the year ended 31 August 2024
RICCAL PROPERTY LIMITED
Unaudited accounts
Contents
RICCAL PROPERTY LIMITED
Company Information
for the year ended 31 August 2024
Company Number
13575430 (England and Wales)
Registered Office
128 CITY ROAD
LONDON
EC1V 2NX
UNITED KINGDOM
Accountants
Taxez
5 South Charlotte Street
Edinburgh
EH2 4AN
RICCAL PROPERTY LIMITED
Statement of financial position
as at 31 August 2024
Investment property
138,635
138,635
Cash at bank and in hand
1,203
549
Creditors: amounts falling due within one year
(49,704)
(16,601)
Net current liabilities
(48,501)
(16,052)
Total assets less current liabilities
120,134
122,583
Creditors: amounts falling due after more than one year
(122,450)
(122,450)
Net (liabilities)/assets
(2,316)
133
Called up share capital
100
100
Profit and loss account
(2,416)
33
Shareholders' funds
(2,316)
133
For the year ending 31 August 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 director acknowledges his 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 and authorised for issue on 30 October 2024 and were signed on its behalf by
Richard Calder
Director
Company Registration No. 13575430
RICCAL PROPERTY LIMITED
Notes to the Accounts
for the year ended 31 August 2024
RICCAL PROPERTY LIMITED is a private company, limited by shares, registered in England and Wales, registration number 13575430. The registered office is 128 CITY ROAD, LONDON, EC1V 2NX, UNITED KINGDOM.
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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
RICCAL PROPERTY LIMITED
Notes to the Accounts
for the year ended 31 August 2024
4
Tangible fixed assets
Plant & machinery
Fair value at 1 September 2023
138,635
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
-
11
Loans from directors
31,844
16,031
7
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
122,450
122,450
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).