Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-04-01falseNo description of principal activity22falsetruefalse 11268630 2023-04-01 2024-03-31 11268630 2022-04-01 2023-03-31 11268630 2024-03-31 11268630 2023-03-31 11268630 c:Director1 2023-04-01 2024-03-31 11268630 d:OfficeEquipment 2023-04-01 2024-03-31 11268630 d:OfficeEquipment 2024-03-31 11268630 d:OfficeEquipment 2023-03-31 11268630 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 11268630 d:CurrentFinancialInstruments 2024-03-31 11268630 d:CurrentFinancialInstruments 2023-03-31 11268630 d:Non-currentFinancialInstruments 2024-03-31 11268630 d:Non-currentFinancialInstruments 2023-03-31 11268630 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 11268630 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 11268630 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 11268630 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 11268630 d:ShareCapital 2024-03-31 11268630 d:ShareCapital 2023-03-31 11268630 d:RetainedEarningsAccumulatedLosses 2024-03-31 11268630 d:RetainedEarningsAccumulatedLosses 2023-03-31 11268630 c:FRS102 2023-04-01 2024-03-31 11268630 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 11268630 c:FullAccounts 2023-04-01 2024-03-31 11268630 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 11268630 2 2023-04-01 2024-03-31 11268630 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 11268630










RCC PROPERTY SERVICES LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
RCC PROPERTY SERVICES LIMITED
 

CONTENTS



Page
Balance sheet
 
1 - 2
Notes to the financial statements
 
3 - 7


 
RCC PROPERTY SERVICES LIMITED
REGISTERED NUMBER: 11268630

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
340
681

  
340
681

Current assets
  

Debtors: amounts falling due within one year
 5 
32,920
42,784

Bank and cash balances
  
88,360
113,968

  
121,280
156,752

Creditors: amounts falling due within one year
 6 
(68,560)
(105,862)

Net current assets
  
 
 
52,720
 
 
50,890

Total assets less current liabilities
  
53,060
51,571

Creditors: amounts falling due after more than one year
 7 
(1,933)
(3,469)

  

Net assets
  
51,127
48,102


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
51,125
48,100

  
51,127
48,102


Page 1

 
RCC PROPERTY SERVICES LIMITED
REGISTERED NUMBER: 11268630
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 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 on 24 March 2025.




R J Clarke
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
RCC PROPERTY SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

RCC Property Services Limited is a private company, limited by shares, incorporated in England and Wales. The address of the registered office is 17 Danecourt Close, Bexhill-On-Sea, TN39 4AR.

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.

 
2.3

Interest income

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

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
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:

Office equipment
-
25%

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 3

 
RCC PROPERTY SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.6

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.

 
2.7

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.

 
2.8

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.

 
2.9

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

Basic financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.
Page 4

 
RCC PROPERTY SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)


2.9
Financial instruments (continued)


Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.

 
2.10

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 5

 
RCC PROPERTY SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Tangible fixed assets





Office equipment

£



Cost


At 1 April 2023
1,363



At 31 March 2024

1,363



Depreciation


At 1 April 2023
682


Charge for the year on owned assets
341



At 31 March 2024

1,023



Net book value



At 31 March 2024
340



At 31 March 2023
681


5.


Debtors

2024
2023
£
£


Trade debtors
14,055
27,362

Other debtors
18,865
15,422

32,920
42,784


Page 6

 
RCC PROPERTY SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
1,653
1,654

Trade creditors
-
21,226

Corporation tax
1,250
839

Other taxation and social security
479
-

Other creditors
62,428
80,943

Accruals and deferred income
2,750
1,200

68,560
105,862



7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
1,933
3,469

1,933
3,469



8.


Related party transactions

Included in other debtors is an amount of £18,443 (2023: Included in other creditors £1,704) due from a director. Interest has been charged on the loan at a rate of 2.25% and has been repaid post year end.

 
Page 7