Caseware UK (AP4) 2024.0.164 2024.0.164 2024-08-312024-08-31falsefalse2023-09-01Property Management66truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 10960870 2023-09-01 2024-08-31 10960870 2022-09-01 2023-08-31 10960870 2024-08-31 10960870 2023-08-31 10960870 c:Director5 2023-09-01 2024-08-31 10960870 d:CurrentFinancialInstruments 2024-08-31 10960870 d:CurrentFinancialInstruments 2023-08-31 10960870 d:Non-currentFinancialInstruments 2024-08-31 10960870 d:Non-currentFinancialInstruments 2023-08-31 10960870 d:CurrentFinancialInstruments d:WithinOneYear 2024-08-31 10960870 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 10960870 d:Non-currentFinancialInstruments d:AfterOneYear 2024-08-31 10960870 d:Non-currentFinancialInstruments d:AfterOneYear 2023-08-31 10960870 d:ShareCapital 2024-08-31 10960870 d:ShareCapital 2023-08-31 10960870 d:RetainedEarningsAccumulatedLosses 2024-08-31 10960870 d:RetainedEarningsAccumulatedLosses 2023-08-31 10960870 c:OrdinaryShareClass1 2023-09-01 2024-08-31 10960870 c:OrdinaryShareClass1 2024-08-31 10960870 c:OrdinaryShareClass1 2023-08-31 10960870 c:OrdinaryShareClass2 2023-09-01 2024-08-31 10960870 c:OrdinaryShareClass2 2024-08-31 10960870 c:OrdinaryShareClass2 2023-08-31 10960870 c:OrdinaryShareClass3 2023-09-01 2024-08-31 10960870 c:OrdinaryShareClass3 2024-08-31 10960870 c:OrdinaryShareClass3 2023-08-31 10960870 c:OrdinaryShareClass4 2023-09-01 2024-08-31 10960870 c:OrdinaryShareClass4 2024-08-31 10960870 c:OrdinaryShareClass4 2023-08-31 10960870 c:OrdinaryShareClass5 2023-09-01 2024-08-31 10960870 c:OrdinaryShareClass5 2024-08-31 10960870 c:OrdinaryShareClass5 2023-08-31 10960870 c:FRS102 2023-09-01 2024-08-31 10960870 c:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 10960870 c:FullAccounts 2023-09-01 2024-08-31 10960870 c:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 10960870 e:PoundSterling 2023-09-01 2024-08-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 10960870









READ ESTATES AND DEVELOPMENTS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

 
READ ESTATES AND DEVELOPMENTS LIMITED
REGISTERED NUMBER: 10960870

BALANCE SHEET
AS AT 31 AUGUST 2024

2024
2023
Note
£
£

  

CURRENT ASSETS
  

Debtors: amounts falling due within one year
 4 
10,804
10,380

Cash at bank and in hand
  
25,978
23,097

  
36,782
33,477

Creditors: amounts falling due within one year
 5 
(25,550)
(23,127)

NET CURRENT ASSETS
  
 
 
11,232
 
 
10,350

TOTAL ASSETS LESS CURRENT LIABILITIES
  
11,232
10,350

Creditors: amounts falling due after more than one year
 6 
(2,833)
(4,833)

  

NET ASSETS
  
8,399
5,517


CAPITAL AND RESERVES
  

Called up share capital 
 7 
1
1

Profit and loss account
  
8,398
5,516

  
8,399
5,517


Page 1

 
READ ESTATES AND DEVELOPMENTS LIMITED
REGISTERED NUMBER: 10960870
    
BALANCE SHEET (CONTINUED)
AS AT 31 AUGUST 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 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 by: 






N E Read
Director

Date: 6 March 2025

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
READ ESTATES AND DEVELOPMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1.


GENERAL INFORMATION

Read Estates and Developments Limited is a private company limited by shares and incorporated in England & Wales. Its registered office is Mostyn, 76 High Street, Sutton, Ely, Cambridgeshire, CB6 2NL.

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

TURNOVER

The turnover shown in the profit and loss account represents property management income receivable during the year.

 
2.3

TAXATION

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.


 
2.4

DEBTORS

Short term debtors are measured at transaction price, less any impairment.

 
2.5

CASH AND CASH EQUIVALENTS

Cash is represented by cash in hand and deposits with financial institutions repaybale without penalty on notice of not more than 24 hours.

 
2.6

CREDITORS

Short term creditors are measued at the transaction price.

Page 3

 
READ ESTATES AND DEVELOPMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

3.


EMPLOYEES

The average monthly number of employees, including directors, during the year was 6 (2023 - 6).





4.


DEBTORS

2024
2023
£
£


Other debtors
10,804
10,380

10,804
10,380



5.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024
2023
£
£

Bank loans
2,000
2,000

Corporation tax
676
173

Other creditors
7,500
7,500

Accruals and deferred income
15,374
13,454

25,550
23,127


Bank loans relates to a Government backed 'bounceback' loan. This loan is 100% guaranteed by the Government and interest is charged at 2.5% per annum. The loan is repayable in equal instalments until January 2027. 


6.


CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024
2023
£
£

Bank loans
2,833
4,833

2,833
4,833


Bank loans relates to a Government backed 'bounceback' loan. This loan is 100% guaranteed by the Government and interest is charged at 2.5% per annum. The loan is repayable in equal instalments until January 2027. 

Page 4

 
READ ESTATES AND DEVELOPMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

7.


SHARE CAPITAL

2024
2023
£
£
ALLOTTED, CALLED UP AND FULLY PAID



20 (2023 - 20) Ordinary A shares of £0.01 each
0.20
0.20
20 (2023 - 20) Ordinary B shares of £0.01 each
0.20
0.20
20 (2023 - 20) Ordinary C shares of £0.01 each
0.20
0.20
20 (2023 - 20) Ordinary D shares of £0.01 each
0.20
0.20
20 (2023 - 20) Ordinary E shares of £0.01 each
0.20
0.20

1.00

1.00


 
Page 5