Caseware UK (AP4) 2023.0.135 2023.0.135 2024-09-302024-09-304No description of principal activityThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-10-01false4falsetruefalse 12905916 2023-10-01 2024-09-30 12905916 2022-10-01 2023-09-30 12905916 2024-09-30 12905916 2023-09-30 12905916 c:Director1 2023-10-01 2024-09-30 12905916 d:FurnitureFittings 2023-10-01 2024-09-30 12905916 d:FurnitureFittings 2024-09-30 12905916 d:FurnitureFittings 2023-09-30 12905916 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 12905916 d:ComputerEquipment 2023-10-01 2024-09-30 12905916 d:ComputerEquipment 2024-09-30 12905916 d:ComputerEquipment 2023-09-30 12905916 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 12905916 d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 12905916 d:FreeholdInvestmentProperty 2024-09-30 12905916 d:FreeholdInvestmentProperty 2023-09-30 12905916 d:CurrentFinancialInstruments 2024-09-30 12905916 d:CurrentFinancialInstruments 2023-09-30 12905916 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 12905916 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 12905916 d:ShareCapital 2024-09-30 12905916 d:ShareCapital 2023-09-30 12905916 d:RetainedEarningsAccumulatedLosses 2024-09-30 12905916 d:RetainedEarningsAccumulatedLosses 2023-09-30 12905916 d:AcceleratedTaxDepreciationDeferredTax 2024-09-30 12905916 d:AcceleratedTaxDepreciationDeferredTax 2023-09-30 12905916 c:FRS102 2023-10-01 2024-09-30 12905916 c:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 12905916 c:FullAccounts 2023-10-01 2024-09-30 12905916 c:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 12905916 2 2023-10-01 2024-09-30 12905916 e:PoundSterling 2023-10-01 2024-09-30 iso4217:GBP xbrli:pure

Registered number: 12905916










RHEDX PROPERTY MANAGEMENT LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2024

 
RHEDX PROPERTY MANAGEMENT LIMITED
REGISTERED NUMBER: 12905916

BALANCE SHEET
AS AT 30 SEPTEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
42,812
3,176

Investment property
 5 
2,450,000
2,450,000

Current assets
  

Debtors: amounts falling due within one year
 6 
785
41,285

Cash at bank and in hand
 7 
91,149
53,894

  
91,934
95,179

Creditors: amounts falling due within one year
 8 
(2,057,160)
(2,171,439)

Net current liabilities
  
 
 
(1,965,226)
 
 
(2,076,260)

Provisions for liabilities
  

Deferred tax
 9 
(10,703)
-

  
 
 
(10,703)
 
 
-

Net assets
  
516,883
376,916


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
516,783
376,816

  
516,883
376,916


Page 1

 
RHEDX PROPERTY MANAGEMENT LIMITED
REGISTERED NUMBER: 12905916
    
BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 2024

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 by: 




................................................
R C Moore
Director

Date: 27 January 2025

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
RHEDX PROPERTY MANAGEMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.


General information

Rhedx Property Management Limited is a members limited liability company limited by shares, incorporated and registered in England, registration number 12905916. Its registered office is 21 Station Road Little Houghton, Northampton, NN7 1AJ.

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

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Interest income

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

Page 3

 
RHEDX PROPERTY MANAGEMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
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.


 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures and fittings
-
10 years straight line
Computer equipment
-
5 years straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 4

 
RHEDX PROPERTY MANAGEMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.6

Investment property

Investment property is carried at fair value determined annually by external valuers 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. Changes in fair value are recognised in profit or loss.

 
2.7

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.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
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.


3.


Employees




The average monthly number of employees, including directors, during the year was 4 (2023 - 4).

Page 5

 
RHEDX PROPERTY MANAGEMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

4.


Tangible fixed assets





Fixtures and fittings
Computer equipment
Total

£
£
£



Cost or valuation


At 1 October 2023
-
3,665
3,665


Additions
44,039
-
44,039



At 30 September 2024

44,039
3,665
47,704



Depreciation


At 1 October 2023
-
489
489


Charge for the year on owned assets
3,670
733
4,403



At 30 September 2024

3,670
1,222
4,892



Net book value



At 30 September 2024
40,369
2,443
42,812



At 30 September 2023
-
3,176
3,176


5.


Investment property


Freehold investment property

£



Valuation


At 1 October 2023
2,450,000



At 30 September 2024
2,450,000

The 2024 valuations were made by the directors, on an open market value for existing use basis.






Page 6

 
RHEDX PROPERTY MANAGEMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

6.


Debtors

2024
2023
£
£


Trade debtors
-
40,500

Prepayments and accrued income
785
785

785
41,285



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
91,149
53,894



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
34,930
38,043

Other taxation and social security
17,726
18,891

Other creditors
1,951,061
2,061,061

Accruals and deferred income
53,443
53,444

2,057,160
2,171,439


Page 7

 
RHEDX PROPERTY MANAGEMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

9.


Deferred taxation




2024


£






Charged to profit or loss
10,703



At end of year
10,703

The deferred taxation balance is made up as follows:

2024
2023
£
£


Accelerated capital allowances
10,703
-

 
Page 8