IRIS Accounts Production v24.3.2.46 10835038 Board of Directors 1.4.23 31.3.24 31.3.24 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh108350382023-03-31108350382024-03-31108350382023-04-012024-03-31108350382022-03-31108350382022-04-012023-03-31108350382023-03-3110835038ns15:EnglandWales2023-04-012024-03-3110835038ns14:PoundSterling2023-04-012024-03-3110835038ns10:Director12023-04-012024-03-3110835038ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3110835038ns10:SmallEntities2023-04-012024-03-3110835038ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3110835038ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3110835038ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3110835038ns10:FullAccounts2023-04-012024-03-3110835038ns10:Director22023-04-012024-03-3110835038ns10:Director32023-04-012024-03-3110835038ns10:Director42023-04-012024-03-3110835038ns10:CompanySecretary12023-04-012024-03-3110835038ns10:RegisteredOffice2023-04-012024-03-3110835038ns5:CurrentFinancialInstruments2024-03-3110835038ns5:CurrentFinancialInstruments2023-03-3110835038ns5:Non-currentFinancialInstruments2024-03-3110835038ns5:Non-currentFinancialInstruments2023-03-3110835038ns5:ShareCapital2024-03-3110835038ns5:ShareCapital2023-03-3110835038ns5:FurtherSpecificReserve3ComponentTotalEquity2024-03-3110835038ns5:FurtherSpecificReserve3ComponentTotalEquity2023-03-3110835038ns5:RetainedEarningsAccumulatedLosses2024-03-3110835038ns5:RetainedEarningsAccumulatedLosses2023-03-3110835038ns5:PlantMachinery2023-03-3110835038ns5:PlantMachinery2023-04-012024-03-3110835038ns5:PlantMachinery2024-03-3110835038ns5:PlantMachinery2023-03-3110835038ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-3110835038ns5:WithinOneYearns5:CurrentFinancialInstruments2023-03-31
REGISTERED NUMBER: 10835038 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

RFE Properties Limited

RFE Properties Limited (Registered number: 10835038)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RFE Properties Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: W J Calderwood
Mrs R N Calderwood
M J Calderwood
Mrs A Calderwood





SECRETARY: Mrs A Calderwood





REGISTERED OFFICE: The Old Grange
Warren Estate
Lordship Road
Writtle
Essex
CM1 3WT





REGISTERED NUMBER: 10835038 (England and Wales)





ACCOUNTANTS: Xeinadin South East Limited
The Old Grange
Warren Estate
Lordship Road
Writtle
Essex
CM1 3WT

RFE Properties Limited (Registered number: 10835038)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 59,831 73,090
Investment property 5 3,268,880 3,268,880
3,328,711 3,341,970

CURRENT ASSETS
Debtors 6 237,261 104,230
Cash at bank and in hand 22,531 56,711
259,792 160,941
CREDITORS
Amounts falling due within one year 7 141,659 117,040
NET CURRENT ASSETS 118,133 43,901
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,446,844

3,385,871

CREDITORS
Amounts falling due after more than one
year

8

(294,552

)

(323,428

)

PROVISIONS FOR LIABILITIES (221,000 ) (221,000 )
NET ASSETS 2,931,292 2,841,443

CAPITAL AND RESERVES
Called up share capital 1,151,628 1,151,628
Fair value reserve 663,888 663,888
Retained earnings 1,115,776 1,025,927
2,931,292 2,841,443

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

RFE Properties Limited (Registered number: 10835038)

Balance Sheet - continued
31 March 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 Board of Directors and authorised for issue on 21 January 2025 and were signed on its behalf by:





M J Calderwood - Director


RFE Properties Limited (Registered number: 10835038)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

RFE Properties 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.

The company is not part of a group.

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 as modified by the revaluation of certain assets.

Significant judgements and estimates
No significant judgements or estimates have been applied in the preparation of the financial statements.

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

Tangible fixed assets
Tangible fixed assets are initially measured at cost. After initial recognition, tangible fixed assets are measured at cost less any accumulated depreciation and any accumulated impairment losses.

Depreciation is provided at the following annual rates, in order to write off each asset over its estimated useful life:

- Plant and machinery etc - 15% on reducing balance, 25% on reducing balance and 33% straight line

Investment property
The investment property is included at fair value. Gains are recognised in the income statement and subsequently transferred to the fair value reserve. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.

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.


RFE Properties Limited (Registered number: 10835038)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

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

Creditors
Short term creditors are measured at the transaction price.

Other financial liabilities, including bank loans are also measured at transaction price since the difference between this basis and the amortised cost basis is not material.

Going concern
The accounts have been prepared on the going concern basis which assumes the continued support of the directors and shareholders. The directors have confirmed that this support will continue and believe that no adjustments relating to the company's ability to continue as a going concern need to be made to these financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

RFE Properties Limited (Registered number: 10835038)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 98,706
DEPRECIATION
At 1 April 2023 25,616
Charge for year 13,259
At 31 March 2024 38,875
NET BOOK VALUE
At 31 March 2024 59,831
At 31 March 2023 73,090

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 3,268,880
NET BOOK VALUE
At 31 March 2024 3,268,880
At 31 March 2023 3,268,880

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2022 817,848
Valuation in 2023 67,040
Cost 2,383,992
3,268,880

If the investment properties had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 2,383,992 2,383,992

The investment properties were valued on an open market basis on 31 March 2024 by the directors .

RFE Properties Limited (Registered number: 10835038)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 22,933 12,956
Amounts owed by related parties 148,424 -
Other debtors 65,904 91,274
237,261 104,230

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 9,825 9,800
Trade creditors 2,595 60
Taxation and social security 79,265 60,970
Other creditors 49,974 46,210
141,659 117,040

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 14,344 24,370
Other creditors 280,208 299,058
294,552 323,428