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Company No: 10880387 (England and Wales)

B&R RADSTONE LIMITED

Unaudited Financial Statements
For the financial year ended 30 April 2024
Pages for filing with the registrar

B&R RADSTONE LIMITED

Unaudited Financial Statements

For the financial year ended 30 April 2024

Contents

B&R RADSTONE LIMITED

STATEMENT OF FINANCIAL POSITION

As at 30 April 2024
B&R RADSTONE LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 30 April 2024
Note 2024 2023
£ £
Fixed assets
Investments 3 82 82
82 82
Current assets
Debtors 4 513,639 418,978
Cash at bank and in hand 510,825 507,194
1,024,464 926,172
Creditors: amounts falling due within one year 5 ( 153,949) ( 151,429)
Net current assets 870,515 774,743
Total assets less current liabilities 870,597 774,825
Net assets 870,597 774,825
Capital and reserves
Called-up share capital 6 400 400
Profit and loss account 870,197 774,425
Total shareholder's funds 870,597 774,825

For the financial year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of B&R Radstone Limited (registered number: 10880387) were approved and authorised for issue by the Director. They were signed on its behalf by:

B Radstone
Director

30 January 2025

B&R RADSTONE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2024
B&R RADSTONE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

B&R Radstone Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the company's registered office is 35 Ballards Lane, London, N3 1XW, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Financial instruments

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Statement of Income and Retained Earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Financial assets
Basic financial assets, including trade and other debtors, and amounts due from related companies, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in the Statement of Income and Retained Earnings.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

Financial liabilities
Basic financial liabilities, including trade and other creditors and accruals, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the company during the year, including the director 1 1

3. Fixed asset investments

Other investments Total
£ £
Cost or valuation before impairment
At 01 May 2023 82 82
At 30 April 2024 82 82
Carrying value at 30 April 2024 82 82
Carrying value at 30 April 2023 82 82

4. Debtors

2024 2023
£ £
Amounts owed by connected companies 413,639 362,520
Amounts owed by related parties 100,000 56,458
513,639 418,978

Amounts owed by connected companies and related parties are unsecured, interest-free, have no fixed date of repayment and are repayable on demand.

5. Creditors: amounts falling due within one year

2024 2023
£ £
Amounts owed to related parties 149,029 149,029
Amounts owed to director 4,920 0
Accruals 0 2,400
153,949 151,429

Amounts owed to related parties are unsecured, interest-free, have no fixed date of repayment and are repayable on demand.

6. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
400 Ordinary shares of £ 1.00 each 400 400

7. Related party transactions

Included within other debtors is a balance of £513,639 (2023: £418,978) owed from companies in which the directors have an interest either as directors or participators. The balance is unsecured and interest free with no fixed repayment terms.

Included within other creditors is a balance of £149,029 (2023: £149,029) owed to companies in which the directors have an interest either as directors or participators. The balance is unsecured and interest free with no fixed repayment terms.