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REGISTERED NUMBER: 10023286 (England and Wales)












Unaudited Financial Statements

for the Year Ended 30 April 2024

for

R C Properties (South West) Limited

R C Properties (South West) Limited (Registered number: 10023286)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


R C Properties (South West) Limited

Company Information
for the Year Ended 30 April 2024







DIRECTOR: C R White





REGISTERED OFFICE: Brunel House
11 The Promenade
Clifton Down
Bristol
BS8 3NG





REGISTERED NUMBER: 10023286 (England and Wales)





ACCOUNTANTS: Wormald & Partners
Chartered Accountants (ICAEW)
Brunel House
11 The Promenade
Clifton Down
Bristol
BS8 3NG

R C Properties (South West) Limited (Registered number: 10023286)

Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,942 9,344
Investment property 5 691,437 691,437
699,379 700,781

CURRENT ASSETS
Debtors 6 - 37
Cash at bank 89,201 55,906
89,201 55,943
CREDITORS
Amounts falling due within one year 7 313,286 302,507
NET CURRENT LIABILITIES (224,085 ) (246,564 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

475,294

454,217

CREDITORS
Amounts falling due after more than one year 8 (371,470 ) (373,125 )

PROVISIONS FOR LIABILITIES (107 ) (125 )
NET ASSETS 103,717 80,967

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 103,617 80,867
SHAREHOLDERS' FUNDS 103,717 80,967

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

R C Properties (South West) Limited (Registered number: 10023286)

Balance Sheet - continued
30 April 2024


The 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.

The financial statements were approved by the director and authorised for issue on 25 January 2025 and were signed by:





C R White - Director


R C Properties (South West) Limited (Registered number: 10023286)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

R C Properties (South West) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

R C Properties (South West) Limited (Registered number: 10023286)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 May 2023
and 30 April 2024 13,364
DEPRECIATION
At 1 May 2023 4,020
Charge for year 1,402
At 30 April 2024 5,422
NET BOOK VALUE
At 30 April 2024 7,942
At 30 April 2023 9,344

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023
and 30 April 2024 691,437
NET BOOK VALUE
At 30 April 2024 691,437
At 30 April 2023 691,437

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Prepayments - 37

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 1,681 1,681
Other loans 17,500 17,500
R C Services (SW) Ltd 275,923 244,092
Tax 6,185 13,198
Deferred income 650 15,879
Accrued expenses 7,947 6,082
Deposits held 3,400 4,075
313,286 302,507

R C Properties (South West) Limited (Registered number: 10023286)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Barclays bounce back loan 1,820 3,501
Mortgage - Pepper 161,770 161,770
Mortgage - Fleet 207,880 207,854
371,470 373,125

9. RELATED PARTY DISCLOSURES

RC Services (South West) Limited
Mr White is a director and Controlling shareholder of the above Company.
Within Creditors due in less than one year there is a balance due to RC Services (South West) Limited of £275,923 (2023:£244,092).

10. ULTIMATE CONTROLLING PARTY

The controlling party is C R White.