Registered number
SC532986
Richar Property Limited
Filleted Accounts
30 April 2024
Richar Property Limited
Registered number: SC532986
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 597,734 597,734
Current assets
Debtors 4 1 1
Cash at bank and in hand 7,828 863
7,829 864
Creditors: amounts falling due within one year 5 (430,209) (431,709)
Net current liabilities (422,380) (430,845)
Total assets less current liabilities 175,354 166,889
Creditors: amounts falling due after more than one year 6 (181,116) (181,116)
Net liabilities (5,762) (14,227)
Capital and reserves
Called up share capital 1 1
Profit and loss account (5,763) (14,228)
Shareholders' funds (5,762) (14,227)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
V Richardson
Director
Approved by the board on 28 April 2025
Richar Property Limited
Notes to the Accounts
for the year ended 30 April 2024
1 Accounting policies
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).
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 May 2023 597,734
Additions -
At 30 April 2024 597,734
Depreciation
At 30 April 2024 -
Net book value
At 30 April 2024 597,734
At 30 April 2023 597,734
4 Debtors 2024 2023
£ £
Other debtors 1 1
5 Creditors: amounts falling due within one year 2024 2023
£ £
Other creditors 430,209 431,709
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loan 181,116 181,116
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