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REGISTERED NUMBER: 12269245 (England and Wales)




















Unaudited Financial Statements

for the Year Ended 31 October 2023

for

Radar Commercial Ltd

Radar Commercial Ltd (Registered number: 12269245)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Radar Commercial Ltd

Company Information
for the Year Ended 31 October 2023







DIRECTORS: A Dallimer
Mrs E A Rathbone





REGISTERED OFFICE: Suite C1
Butts Business Centre
Butts Road
Swindon
Wiltshire
SN4 0PP





REGISTERED NUMBER: 12269245 (England and Wales)

Radar Commercial Ltd (Registered number: 12269245)

Balance Sheet
31 October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 672 896

CURRENT ASSETS
Stocks - 80,211
Debtors 5 13,737 56,960
Cash at bank 246 1,135
13,983 138,306
CREDITORS
Amounts falling due within one year 6 42,348 102,987
NET CURRENT (LIABILITIES)/ASSETS (28,365 ) 35,319
TOTAL ASSETS LESS CURRENT
LIABILITIES

(27,693

)

36,215

CREDITORS
Amounts falling due after more than one
year

7

(14,682

)

(21,166

)

PROVISIONS FOR LIABILITIES - (170 )
NET (LIABILITIES)/ASSETS (42,375 ) 14,879

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings (42,376 ) 14,878
SHAREHOLDERS' FUNDS (42,375 ) 14,879

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 November 2024 and were signed on its behalf by:





A Dallimer - Director


Radar Commercial Ltd (Registered number: 12269245)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

Radar Commercial Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Going concern
At the balance sheet date, the company has net liabilities. The company is financially supported by other entities owned by the director and its director when required. As a consequence, the director has a reasonable expectation that the company is well placed to manage its business risks successfully and accordingly adopts the going concern basis in preparing the annual report and accounts.

Turnover
Turnover from property development is measured at the fair value of the consideration received or receivable for the sale of properties, excluding discounts, rebates, value added tax and other sales taxes.

Turnover from rental income is recognised net of losses from voids and is recognised from the date the property is first let.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on straight line basis

Stocks and work in progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Taxation
Taxation for the year 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 year 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.

Radar Commercial Ltd (Registered number: 12269245)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 November 2022
and 31 October 2023 1,120
DEPRECIATION
At 1 November 2022 224
Charge for year 224
At 31 October 2023 448
NET BOOK VALUE
At 31 October 2023 672
At 31 October 2022 896

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 348 -
Amounts owed by group undertakings - 47,435
Directors' current accounts - 9,525
Tax 13,389 -
13,737 56,960

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 6,469 80,858
Trade creditors 332 3,613
Tax - 17,376
Other creditors 32,672 -
Directors' current accounts 475 -
Accruals and deferred income 2,400 1,140
42,348 102,987

Bank Loans of £nil (2022: £75,000) are secured against all land and property.

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 14,682 21,166

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1 Ordinary 1 1 1

Radar Commercial Ltd (Registered number: 12269245)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

9. RELATED PARTY DISCLOSURES

During the year, sales of £100,000 were made to a company under common control (2022: Nil)

During the year, stock purchases of £50,000 were made from a company under common control (2022: Nil).

At the year end, a balance of £32,672 was owed to a company under common control (2022: £47,435 owed from). The balance is interest free with no fixed date for repayment.

At the year end, the company owed £475 to the director (2022: £9,525 owed from). The loan is interest free and has no fixed date for repayment.

During the year, dividends of £nil (2022: £60,000) have been declared.