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Registered number: 12616241
R.Dean Investments Ltd
Unaudited Financial Statements
For The Year Ended 31 May 2024
N T Ellis Chartered Accountants
2 Risca Road
Newport
NP20 4JW
Contents
Page
Accountant's Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4—5
Page 1
Accountant's Report
Chartered Accountant's report to the director on the preparation of the unaudited statutory accounts of R.Dean Investments Ltd for the year ended 31 May 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of R.Dean Investments Ltd for the year ended 31 May 2024 which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given to us.
As a practising member of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/membership/regulations-standards-and-guidance.
This report is made solely to the director of R.Dean Investments Ltd , as a body, in accordance with the terms of our engagement letter dated 31 May 2020. Our work has been undertaken solely to prepare for your approval the accounts of R.Dean Investments Ltd and state those matters that we have agreed to state to the director of R.Dean Investments Ltd , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than R.Dean Investments Ltd and its director, as a body, for our work or for this report.
It is your duty to ensure that R.Dean Investments Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of R.Dean Investments Ltd . You consider that R.Dean Investments Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit of the accounts of R.Dean Investments Ltd . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
29/11/2024
N T Ellis Chartered Accountants
Chartered Accountant
2 Risca Road
Newport
NP20 4JW
Page 1
Page 2
Balance Sheet
Registered number: 12616241
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 607 828
Investment Properties 5 576,813 576,813
577,420 577,641
CURRENT ASSETS
Cash at bank and in hand 71,126 101,152
71,126 101,152
Creditors: Amounts Falling Due Within One Year 6 (749 ) (1,182 )
NET CURRENT ASSETS (LIABILITIES) 70,377 99,970
TOTAL ASSETS LESS CURRENT LIABILITIES 647,797 677,611
Creditors: Amounts Falling Due After More Than One Year 7 (649,086 ) (678,037 )
NET LIABILITIES (1,289 ) (426 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account (1,389 ) (526 )
SHAREHOLDERS' FUNDS (1,289) (426)
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Page 3
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Huw Griffiths
Director
29/11/2024
The notes on pages 4 to 5 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. General Information
R.Dean Investments Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12616241 . The registered office is Plasnewydd, Heol Glannant, Edmondstown, Tonypandy, CF40 1NU.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services.

2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Computer Equipment 20% Straight line
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
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4. Tangible Assets
Computer Equipment
£
Cost
As at 1 June 2023 1,104
As at 31 May 2024 1,104
Depreciation
As at 1 June 2023 276
Provided during the period 221
As at 31 May 2024 497
Net Book Value
As at 31 May 2024 607
As at 1 June 2023 828
5. Investment Property
2024
£
Fair Value
As at 1 June 2023 and 31 May 2024 576,813
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax - 433
Accruals and deferred income 749 749
749 1,182
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 307,148 307,148
Directors loan account 341,938 370,889
649,086 678,037
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 5