Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31truefalse32023-04-013falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13411579 2023-04-01 2024-03-31 13411579 2022-04-01 2023-03-31 13411579 2024-03-31 13411579 2023-03-31 13411579 c:Director1 2023-04-01 2024-03-31 13411579 d:CurrentFinancialInstruments 2024-03-31 13411579 d:CurrentFinancialInstruments 2023-03-31 13411579 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 13411579 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 13411579 d:ShareCapital 2024-03-31 13411579 d:ShareCapital 2023-03-31 13411579 d:RetainedEarningsAccumulatedLosses 2024-03-31 13411579 d:RetainedEarningsAccumulatedLosses 2023-03-31 13411579 c:FRS102 2023-04-01 2024-03-31 13411579 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 13411579 c:FullAccounts 2023-04-01 2024-03-31 13411579 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 13411579










RAINIER DEVELOPMENTS (PARADISE STREET) LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

 
RAINIER DEVELOPMENTS (PARADISE STREET) LIMITED
 

CONTENTS



Page
Balance sheet
 
1 - 2
Notes to the financial statements
 
3 - 5


 
RAINIER DEVELOPMENTS (PARADISE STREET) LIMITED
REGISTERED NUMBER: 13411579

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

  

Current assets
  

Stocks
  
1,332,925
1,158,461

Debtors: amounts falling due within one year
 4 
83,333
8,555

  
1,416,258
1,167,016

Creditors: amounts falling due within one year
 5 
(1,645,087)
(1,166,916)

Net current (liabilities)/assets
  
 
 
(228,829)
 
 
100

Total assets less current liabilities
  
(228,829)
100

  

Net (liabilities)/assets
  
(228,829)
100


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(228,929)
-

  
(228,829)
100


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 profit and loss account 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 3 to 5 form part of these financial statements.
Page 1

 
RAINIER DEVELOPMENTS (PARADISE STREET) LIMITED
REGISTERED NUMBER: 13411579
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024


Page 2

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

1.


General information

Rainier Developments (Paradise Street) Limited is a company limited by shares, incorporated in England and Wales and domiciled in England. The registered office is Rainier House, 62 High Street, Henley-In-Arden, England, B95 5AN. 

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

The company 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

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.

Page 3

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

2.Accounting policies (continued)

 
2.5

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.

 
2.6

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.

 
2.7

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.

 
2.8

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.

 
2.9

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
7,023
8,555

Deferred taxation
76,310
-

83,333
8,555


Page 4

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

5.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
22,433
42,471

Amounts owed to group undertakings
1,621,154
1,124,445

Accruals and deferred income
1,500
-

1,645,087
1,166,916



6.


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