Registered number
04292465
Radipole Limited
Unaudited Filleted Accounts
30 September 2024
Radipole Limited
Registered number: 04292465
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 995 1,105
Investments 4 800,000 800,000
800,995 801,105
Current assets
Debtors 5 2,304 296
Cash at bank and in hand 25,256 191,779
27,560 192,075
Creditors: amounts falling due within one year 6 (6,860) (7,122)
Net current assets 20,700 184,953
Total assets less current liabilities 821,695 986,058
Provisions for liabilities (152,189) (152,259)
Net assets 669,506 833,799
Capital and reserves
Called up share capital 2 2
Directors Loan 80,537 260,537
Revaluation reserve 7 352,011 352,011
Profit and loss account 236,956 221,249
Shareholders' funds 669,506 833,799
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.
C C Colbourne
Director
Approved by the board on 13 May 2025
Radipole Limited
Notes to the Accounts
for the year ended 30 September 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).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Furniture and equipment 10% reducing balance
Freehold investment property
Investment properties are revalued annually and any surplus or deficit is dealt with through profit and loss. No depreciation is provided in respect of investment properties.
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Furniture and equipment
£
Cost
At 1 October 2023 7,407
At 30 September 2024 7,407
Depreciation
At 1 October 2023 6,302
Charge for the year 110
At 30 September 2024 6,412
Net book value
At 30 September 2024 995
At 30 September 2023 1,105
4 Investments
Freehold
investment property
£
Cost
At 1 October 2023 800,000
At 30 September 2024 800,000
Historical cost
At 1 October 2023 271,119
At 30 September 2024 271,119
5 Debtors 2024 2023
£ £
Other debtors and prepayments 2,304 296
6 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 3,694 3,956
Other creditors 3,166 3,166
6,860 7,122
7 Revaluation reserve 2024 2023
£ £
At 1 October 2023 352,011 352,011
At 30 September 2024 352,011 352,011
8 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
C C Colbourne
Directors Loan 130,269 - (90,000) 40,269
C J Colbourne
Directors Loan 130,269 - (90,000) 40,269
260,538 - (180,000) 80,538
9 Other information
Radipole Limited is a private company limited by shares and incorporated in England. Its registered office is:
Unit A Farriers Courtyard,
Spelmonden Road
Goudhurst
Kent
TN17 1HE
Radipole Limited 04292465 false 2023-10-01 2024-09-30 2024-09-30 VT Final Accounts July 2024 C C Colbourne No description of principal activity 04292465 2022-10-01 2023-09-30 04292465 core:WithinOneYear 2023-09-30 04292465 core:ShareCapital 2023-09-30 04292465 core:SharePremium 2023-09-30 04292465 core:OtherReservesSubtotal 2023-09-30 04292465 core:RetainedEarningsAccumulatedLosses 2023-09-30 04292465 core:RevaluationReserve 2022-09-30 04292465 2023-10-01 2024-09-30 04292465 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 04292465 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 04292465 bus:Director40 2023-10-01 2024-09-30 04292465 1 2023-10-01 2024-09-30 04292465 2 2023-10-01 2024-09-30 04292465 core:LandBuildings 2023-10-01 2024-09-30 04292465 bus:Director1 2023-10-01 2024-09-30 04292465 bus:Director1 1 2023-10-01 2024-09-30 04292465 bus:Director2 2023-10-01 2024-09-30 04292465 bus:Director2 1 2023-10-01 2024-09-30 04292465 countries:England 2023-10-01 2024-09-30 04292465 bus:FRS102 2023-10-01 2024-09-30 04292465 bus:FilletedAccounts 2023-10-01 2024-09-30 04292465 2024-09-30 04292465 core:WithinOneYear 2024-09-30 04292465 core:ShareCapital 2024-09-30 04292465 core:SharePremium 2024-09-30 04292465 core:OtherReservesSubtotal 2024-09-30 04292465 core:RetainedEarningsAccumulatedLosses 2024-09-30 04292465 core:LandBuildings 2024-09-30 04292465 core:RevaluationReserve 2024-09-30 04292465 bus:Director1 1 2024-09-30 04292465 bus:Director2 1 2024-09-30 04292465 2023-09-30 04292465 core:LandBuildings 2023-09-30 04292465 core:RevaluationReserve 2023-09-30 04292465 bus:Director1 1 2023-09-30 04292465 bus:Director2 1 2023-09-30 iso4217:GBP xbrli:pure