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REGISTERED NUMBER: 08507089 (England and Wales)



















Unaudited Financial Statements

for the Year Ended 29 September 2024

for

Radstone Projects Limited

Radstone Projects Limited (Registered number: 08507089)

Contents of the Financial Statements
for the Year Ended 29 September 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Radstone Projects Limited

Company Information
for the Year Ended 29 September 2024







DIRECTOR: S D Ringer





REGISTERED OFFICE: Leam House
Stockwell Lane
Hellidon
Daventry
Northamptonshire
NN11 6LG





REGISTERED NUMBER: 08507089 (England and Wales)





ACCOUNTANTS: APT
44 The Pantiles
Tunbridge Wells
Kent
TN2 5TN

Radstone Projects Limited (Registered number: 08507089)

Balance Sheet
29 September 2024

29.9.24 29.9.23
Notes £    £    £    £   
FIXED ASSETS
Investments 4 741,738 1,902,093

CURRENT ASSETS
Cash at bank 298,498 198,864

CREDITORS
Amounts falling due within one year 5 698,738 803,132
NET CURRENT LIABILITIES (400,240 ) (604,268 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

341,498

1,297,825

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 341,497 1,297,824
SHAREHOLDERS' FUNDS 341,498 1,297,825

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Radstone Projects Limited (Registered number: 08507089)

Balance Sheet - continued
29 September 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 3 April 2025 and were signed by:





S D Ringer - Director


Radstone Projects Limited (Registered number: 08507089)

Notes to the Financial Statements
for the Year Ended 29 September 2024


1. STATUTORY INFORMATION

Radstone Projects 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.

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.

The functional and presentational currency of the company is pounds sterling. Monetary amounts in these financial statements are rounded to the nearest £1, except where otherwise indicated.

Going concern
After reviewing the company's forecasts and projections, the members have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

Significant judgements and estimates
Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

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

Investments
Investments are shown at fair value or where fair value cannot be readily ascertained at cost less impairment. Any aggregate or surplus arising from changes in fair value is recognised through profit and loss.

Impairment of assets
Fixed assets are reviewed at each reporting date to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in profit or loss.

If an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss.

Debtors and creditors receivable/payable in one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses.


Radstone Projects Limited (Registered number: 08507089)

Notes to the Financial Statements - continued
for the Year Ended 29 September 2024


2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

Provision for liabilities
Provisions are recognised when the company has a present obligation (legal or constructive) as a result of a past event, it is probable that the company will be required to settle the obligation, and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the end of the reporting period, taking into account the risks and uncertainties surrounding the obligation.

Dividends
Dividends are recognised as liabilities once they are no longer at the discretion of the company.

3. EMPLOYEES AND DIRECTORS

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

4. FIXED ASSET INVESTMENTS

29.9.24 29.9.23
£    £   
Other investments not loans 741,738 1,902,093

Radstone Projects Limited (Registered number: 08507089)

Notes to the Financial Statements - continued
for the Year Ended 29 September 2024


4. FIXED ASSET INVESTMENTS - continued

Additional information is as follows:
Other
investments
£   
COST
At 30 September 2023
and 29 September 2024 630,898
NET BOOK VALUE
At 29 September 2024 630,898
At 29 September 2023 630,898

Investments (neither listed nor unlisted) were as follows:
29.9.24 29.9.23
£    £   
Brought forward 1,271,195 1,525,856
Net movements (1,160,355 ) (254,661 )
110,840 1,271,195

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.9.24 29.9.23
£    £   
Taxation and social security 21,658 128,552
Other creditors 677,080 674,580
698,738 803,132

6. RELATED PARTY DISCLOSURES

As at 30 September 2024 £178,698 (2022: £178,698) was owed to a company controlled by key management personnel. The loan is interest free and is repayable on demand.