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Company Registration No. 09127358 (England and Wales)
R2V DESIGN & BUILD LTD Unaudited accounts for the year ended 31 October 2024
R2V DESIGN & BUILD LTD Unaudited accounts Contents
Page
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R2V DESIGN & BUILD LTD Company Information for the year ended 31 October 2024
Directors
Vinod Patel Prakash Patel
Company Number
09127358 (England and Wales)
Registered Office
342 REGENTS PARK ROAD LONDON N3 2LJ ENGLAND
Accountants
Certax Accounting (Fitzrovia) Limited 85 Tottenham Court Road London W1T 4TQ
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R2V DESIGN & BUILD LTD Statement of financial position as at 31 October 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
969,859 
969,859 
Current assets
Debtors
17,075 
10,432 
Cash at bank and in hand
10,000 
55,833 
27,075 
66,265 
Creditors: amounts falling due within one year
(265,353)
(299,347)
Net current liabilities
(238,278)
(233,082)
Total assets less current liabilities
731,581 
736,777 
Creditors: amounts falling due after more than one year
(720,000)
(720,000)
Net assets
11,581 
16,777 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
11,481 
16,677 
Shareholders' funds
11,581 
16,777 
For the year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 13 January 2024 and were signed on its behalf by
Vinod Patel Director Company Registration No. 09127358
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R2V DESIGN & BUILD LTD Notes to the Accounts for the year ended 31 October 2024
1
Statutory information
R2V DESIGN & BUILD LTD is a private company, limited by shares, registered in England and Wales, registration number 09127358. The registered office is 342 REGENTS PARK ROAD, LONDON, N3 2LJ, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
50 Years
4
Tangible fixed assets
Land & buildings 
£ 
Cost or valuation
At cost 
At 1 November 2023
969,859 
At 31 October 2024
969,859 
Depreciation
At 31 October 2024
- 
Net book value
At 31 October 2024
969,859 
At 31 October 2023
969,859 
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R2V DESIGN & BUILD LTD Notes to the Accounts for the year ended 31 October 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
13,401 
6,525 
Accrued income and prepayments
2,227 
2,460 
Other debtors
1,447 
1,447 
17,075 
10,432 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
- 
1,992 
Other creditors
1,266 
1,268 
Loans from directors
264,087 
296,087 
265,353 
299,347 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
720,000 
720,000 
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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