2023-03-01 2024-02-29 false Capium Accounts Production 1.1 13185592 bus:AbridgedAccounts 2023-03-01 2024-02-29 13185592 bus:FRS102 2023-03-01 2024-02-29 13185592 bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-29 13185592 bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 13185592 bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 13185592 2023-03-01 2024-02-29 13185592 2024-02-29 13185592 bus:RegisteredOffice 2023-03-01 2024-02-29 13185592 core:WithinOneYear 2024-02-29 13185592 core:AfterOneYear 2024-02-29 13185592 bus:Director1 2023-03-01 2024-02-29 13185592 bus:Director1 2024-02-29 13185592 bus:Director1 2022-03-01 2023-02-28 13185592 bus:Director2 2023-03-01 2024-02-29 13185592 bus:Director2 2024-02-29 13185592 bus:Director2 2022-03-01 2023-02-28 13185592 2022-03-01 13185592 bus:LeadAgentIfApplicable 2023-03-01 2024-02-29 13185592 2022-03-01 2023-02-28 13185592 2023-02-28 13185592 core:WithinOneYear 2023-02-28 13185592 core:AfterOneYear 2023-02-28 13185592 bus:EntityAccountantsOrAuditors 2022-03-01 2023-02-28 13185592 core:InvestmentProperties 2023-03-01 2024-02-29 13185592 core:InvestmentProperties 2024-02-29 13185592 core:InvestmentProperties 2023-02-28 13185592 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2024-02-29 13185592 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2023-02-28 13185592 core:CostValuation core:Non-currentFinancialInstruments 2024-02-29 13185592 core:CostValuation core:Non-currentFinancialInstruments 2023-02-28 13185592 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2024-02-29 13185592 core:DisposalsDecreaseInInvestments core:Non-currentFinancialInstruments 2024-02-29 13185592 core:RevaluationsIncreaseDecreaseInInvestments core:Non-currentFinancialInstruments 2024-02-29 13185592 core:Non-currentFinancialInstruments 2024-02-29 13185592 core:Non-currentFinancialInstruments 2023-02-28 13185592 core:ShareCapital 2024-02-29 13185592 core:ShareCapital 2023-02-28 13185592 core:RetainedEarningsAccumulatedLosses 2024-02-29 13185592 core:RetainedEarningsAccumulatedLosses 2023-02-28 13185592 dpl:Item1 2023-03-01 13185592 dpl:Item1 2024-02-29 13185592 dpl:Item1 2022-03-01 13185592 dpl:Item1 2023-02-28 iso4217:GBP xbrli:shares xbrli:pure
Registered Number: 13185592
England and Wales

 

 

 


Abridged Accounts

for the year ended 29 February 2024

for

RADCLIFFE & RUST PROPERTY LTD

 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 500,000    500,000 
500,000    500,000 
Current assets      
Debtors 1,000    1,201 
Cash at bank and in hand 3,797    108,812 
4,797    110,013 
Creditors: amount falling due within one year (113,657)   (238,812)
Net current assets (108,860)   (128,799)
 
Total assets less current liabilities 391,140    371,201 
Creditors: amount falling due after more than one year (255,653)   (255,653)
Provisions for liabilities (23,473)   (23,473)
Net assets 112,014    92,075 
 

Capital and reserves
     
Called up share capital 2    2 
Profit and loss account 112,012    92,073 
Shareholders' funds 112,014    92,075 
 


For the year ended 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 25 November 2024 and were signed on its behalf by:


-------------------------------
David John RADCLIFFE
Director
-------------------------------
Richard Peter RUST
Director
1
General Information
Radcliffe & Rust Property Ltd is a private company, limited by shares, registered in England and Wales, registration number 13185592, registration address Riverside Farm, Hollow Road, Ramsey Forty Foot, Huntingdon, Cambridgeshire, PE26 2YB.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts 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 Republic of Ireland (as applied to small entities by Section 1A of the standard)
Revenue
Revenue comprises the rents due by the company, net of Value Added Tax. 
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Investment properties
Investment properties are properties held to earn rentals and/or for capital appreciation.
Investment properties should be recognised initially at cost and subsequently investment properties are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 0 (2023 : 0).
3.

Tangible fixed assets

Cost or valuation Investment properties   Total
  £   £
At 01 March 2023 500,000    500,000 
Additions  
Disposals  
At 29 February 2024 500,000    500,000 
Depreciation
At 01 March 2023  
Charge for year  
On disposals  
At 29 February 2024  
Net book values
Closing balance as at 29 February 2024 500,000    500,000 
Opening balance as at 01 March 2023 500,000    500,000 

The valuation was made by the directors on 28 February 2023 on an open market basis. The value of the property has not changed materially since then.

The cost of the asset before revaluation was £406,109.

4.

Related parties

During the year the company entered into the following transactions with related parties:
Transaction value - income/(expenses) Balance owed by/(owed to)
2024
£
 2023
£
 2024
£
 2023
£
Radcliffe & Rust Limited(32,911)(91,931)

The Company operated loans with Radcliffe & Rust Limited, a Company under common control. This loan is interest free and repayable on demand.
2