2023-04-012024-03-312024-03-31false10039992Richard Anthony Properties 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Richard Anthony Properties Limited

Registered Number
10039992
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2024

Richard Anthony Properties Limited
Company Information
for the year from 1 April 2023 to 31 March 2024

Director

MICHAELIDES, Andrew

Registered Address

Grove House
2 Woodberry Grove
London
N12 0DR

Registered Number

10039992 (England and Wales)
Richard Anthony Properties Limited
Balance Sheet as at
31 March 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Investment property31,011,4391,008,159
1,011,4391,008,159
Current assets
Debtors37,385-
Cash at bank and on hand1611,786
37,5461,786
Creditors amounts falling due within one year4(245,079)(239,986)
Net current assets (liabilities)(207,533)(238,200)
Total assets less current liabilities803,906769,959
Creditors amounts falling due after one year5(783,351)(783,351)
Net assets20,555(13,392)
Capital and reserves
Called up share capital400100
Profit and loss account20,155(13,492)
Shareholders' funds20,555(13,392)
The financial statements were approved and authorised for issue by the Board of Directors on 12 March 2025, and are signed on its behalf by:
MICHAELIDES, Andrew
Director
Registered Company No. 10039992
Richard Anthony Properties Limited
Notes to the Financial Statements
for the year ended 31 March 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
Turnover represents rents receivable from the investment properties owned by company. Rents are recognised up to the year end date.
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.
2.Average number of employees

20242023
Average number of employees during the year11
3.Investment property

£
Fair value at 01 April 231,008,159
Additions3,280
At 31 March 241,011,439
4.Creditors: amounts due within one year

2024

2023

££
Other creditors241,659237,826
Accrued liabilities and deferred income3,4202,160
Total245,079239,986
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
5.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts783,351783,351
Total783,351783,351