Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31truefalsefalse2023-04-013false3The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12998035 2023-04-01 2024-03-31 12998035 2022-04-01 2023-03-31 12998035 2024-03-31 12998035 2023-03-31 12998035 c:Director1 2023-04-01 2024-03-31 12998035 d:CurrentFinancialInstruments 2024-03-31 12998035 d:CurrentFinancialInstruments 2023-03-31 12998035 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 12998035 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 12998035 d:ShareCapital 2024-03-31 12998035 d:ShareCapital 2023-03-31 12998035 d:RetainedEarningsAccumulatedLosses 2024-03-31 12998035 d:RetainedEarningsAccumulatedLosses 2023-03-31 12998035 c:OrdinaryShareClass1 2023-04-01 2024-03-31 12998035 c:OrdinaryShareClass1 2024-03-31 12998035 c:OrdinaryShareClass1 2023-03-31 12998035 c:FRS102 2023-04-01 2024-03-31 12998035 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 12998035 c:FullAccounts 2023-04-01 2024-03-31 12998035 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 12998035 2 2023-04-01 2024-03-31 12998035 e:PoundSterling 2023-04-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 12998035










RAINIER DEVELOPMENTS (CRAWLEY) LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

 
RAINIER DEVELOPMENTS (CRAWLEY) LIMITED
 

CONTENTS



Page
Balance sheet
 
1
Notes to the financial statements
 
2 - 5


 
RAINIER DEVELOPMENTS (CRAWLEY) LIMITED
REGISTERED NUMBER: 12998035

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

  

Current assets
  

Stocks
  
5,879,397
4,527,439

Debtors: amounts falling due within one year
 4 
128,201
75,433

  
6,007,598
4,602,872

Creditors: amounts falling due within one year
 5 
(7,778,221)
(6,088,881)

Net current liabilities
  
 
 
(1,770,623)
 
 
(1,486,009)

  

Net liabilities
  
(1,770,623)
(1,486,009)


Capital and reserves
  

Called up share capital 
 6 
100
100

Profit and loss account
  
(1,770,723)
(1,486,109)

  
(1,770,623)
(1,486,009)


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 on 27 November 2024.




Mrs J C Kirk
Director

The notes on pages 2 to 5 form part of these financial statements.

Page 1

 
RAINIER DEVELOPMENTS (CRAWLEY) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Rainier Developments (Crawley) Limited (the Company) is a private company limited by shares, incorporated and domiciled in England. The address of its registered office is Rainier House, 62 High Street, Henley-in-Arden, Warwickshire, B95 5AN, which is also the address of its principal place of business.

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

Going concern

At the balance sheet date the company had net liabilities of £1,770,623 (2023: £1,486,009) and is dependent upon the financial support of the parent company. The directors have received assurance that this financial support will continue for a period of not less than twelve months from the date of the approval of the financial statements. Accordingly the financial statements have been prepared on a going concern basis.

 
2.3

Revenue

Sales of land and property are recognised on legal completion and included within turnover.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 2

 
RAINIER DEVELOPMENTS (CRAWLEY) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.6

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 income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet 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 balance sheet 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 balance sheet date.

 
2.7

Stocks

Land and property held for development and re-sale are stated at the lower of cost and net realisable value. Cost includes the acquisition and related costs and any subsequent costs of development. Net realisable value is based on estimated selling price, less further costs of realisation.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.10

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

Page 3

 
RAINIER DEVELOPMENTS (CRAWLEY) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.11

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 3 (2023 - 3).


4.


Debtors

2024
2023
£
£


Other debtors
7,433
75,433

Deferred taxation
120,768
-

128,201
75,433



5.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
33,773
69,962

Amounts owed to group undertakings
7,742,948
6,018,919

Accruals and deferred income
1,500
-

7,778,221
6,088,881


Page 4

 
RAINIER DEVELOPMENTS (CRAWLEY) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

6.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) Ordinary shares of £1.00 each
100
100



7.


Parent Undertaking

The company's immediate and parent undertaking is Rainier Real Estate Limited (formerly Rainier Projects Limited). The company is registered in England. The address of the registered office, which is also the principal place of business, is Rainier House, 62 High Street, Henley-in-Arden, Warwickshire, B95 5AN.

 
Page 5