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REGISTERED NUMBER: 05997612 (England and Wales)



UNAUDITED CESSATION FINANCIAL STATEMENTS

FOR THE PERIOD

1 JANUARY 2024 TO 20 MARCH 2025

FOR

READS PROPERTIES LIMITED

READS PROPERTIES LIMITED (REGISTERED NUMBER: 05997612)






CONTENTS OF THE FINANCIAL STATEMENTS
For The Period 1 January 2024 to 20 March 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


READS PROPERTIES LIMITED

COMPANY INFORMATION
For The Period 1 January 2024 to 20 March 2025







DIRECTOR: D W Read





SECRETARY: L Read





REGISTERED OFFICE: 12 Festival Close
Bexley
Kent
DA5 3JE





REGISTERED NUMBER: 05997612 (England and Wales)





ACCOUNTANTS: Robsons Accountants
19 Montpelier Avenue
Bexley
Kent
DA5 3AP

READS PROPERTIES LIMITED (REGISTERED NUMBER: 05997612)

BALANCE SHEET
20 March 2025

2025 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 - 93,432

CURRENT ASSETS
Debtors 5 2 2
Cash at bank 25,906 6,855
25,908 6,857
CREDITORS
Amounts falling due within one year 6 (24,868 ) (94,939 )
NET CURRENT ASSETS/(LIABILITIES) 1,040 (88,082 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,040

5,350

CREDITORS
Amounts falling due after more than one
year

7

-

(24,325

)
NET ASSETS/(LIABILITIES) 1,040 (18,975 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 940 (19,075 )
SHAREHOLDERS' FUNDS 1,040 (18,975 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 20 March 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 20 March 2025 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.

READS PROPERTIES LIMITED (REGISTERED NUMBER: 05997612)

BALANCE SHEET - continued
20 March 2025


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 director and authorised for issue on 7 May 2025 and were signed by:





D W Read - Director


READS PROPERTIES LIMITED (REGISTERED NUMBER: 05997612)

NOTES TO THE FINANCIAL STATEMENTS
For The Period 1 January 2024 to 20 March 2025

1. STATUTORY INFORMATION

Reads 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.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation
Taxation for the period 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.

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 period 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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
At 1 January 2024 93,432
Disposals (93,432 )
At 20 March 2025 -
NET BOOK VALUE
At 20 March 2025 -
At 31 December 2023 93,432

READS PROPERTIES LIMITED (REGISTERED NUMBER: 05997612)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Period 1 January 2024 to 20 March 2025

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2023
£    £   
Other debtors 2 2

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2023
£    £   
Taxation and social security 174 362
Other creditors 24,694 94,577
24,868 94,939

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2025 2023
£    £   
Other creditors - 24,325