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Registered number: 14457613









READING PARADE SHOPS LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 30 NOVEMBER 2023

 
READING PARADE SHOPS LTD
REGISTERED NUMBER: 14457613

STATEMENT OF FINANCIAL POSITION
AS AT 30 NOVEMBER 2023

2023
Note
£

  

Current assets
  

Stocks
 4 
1,281,330

Debtors: amounts falling due within one year
 5 
757,605

Cash at bank and in hand
 6 
88,920

  
2,127,855

Creditors: amounts falling due within one year
 7 
(880,078)

Net current assets
  
 
 
1,247,777

Total assets less current liabilities
  
1,247,777

Creditors: amounts falling due after more than one year
 9 
(1,253,569)

  

Net (liabilities)/assets
  
(5,792)


Capital and reserves
  

Called up share capital 
  
1

Profit and loss account
  
(5,793)

  
(5,792)


Page 1

 
READING PARADE SHOPS LTD
REGISTERED NUMBER: 14457613
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 NOVEMBER 2023

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 Period 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 statement of comprehensive income 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 by: 




A Lipman
Director

Date: 6 May 2025

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
READING PARADE SHOPS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2023

1.


General information

Reading Parade Shops Limited is a private company, limited by shares, incorporated in the United Kingdom and registered in England and Wales. The company's registered office address is 101 New Cavendish Street,London,W1W6XH. The principal activity of the company is property rental and management services.

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. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Borrowing costs

All borrowing costs are recognised in profit or loss in the Period in which they are incurred.

 
2.4

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Page 3

 
READING PARADE SHOPS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)

 
2.5

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.

 
2.6

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. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

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.


3.


Employees




The average monthly number of employees, including directors, during the Period was 2.


4.


Stocks

2023
£

Stock of properties
1,281,330

1,281,330



5.


Debtors

2023
£


Trade debtors
17,400

Amounts owed by group undertakings
718,323

Other debtors
10,889

Prepayments and accrued income
10,993

757,605


Page 4

 
READING PARADE SHOPS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2023

6.


Cash and cash equivalents

2023
£

Cash at bank and in hand
88,920

88,920



7.


Creditors: Amounts falling due within one year

2023
£

Trade creditors
2,316

Amounts owed to group undertakings
60,000

Other creditors
797,649

Accruals and deferred income
20,113

880,078



8.


Creditors: Amounts falling due after more than one year

2023
£

Bank loans
1,253,569

1,253,569


Page 5

 
READING PARADE SHOPS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2023

9.


Loans


Analysis of the maturity of loans is given below:


2023
£



Amounts falling due 2-5 years

Bank loans
1,253,569


1,253,569


1,253,569


 
Page 6