Company Registration No. 04640133 (England and Wales)
RA Property Developments Limited
Unaudited accounts
for the year ended 30 September 2024
RA Property Developments Limited
Statement of financial position
as at 30 September 2024
Tangible assets
94,938
51,391
Investment property
5,258,778
5,250,147
Creditors: amounts falling due within one year
(1,440,211)
(1,448,478)
Net current liabilities
(1,276,685)
(1,367,505)
Total assets less current liabilities
4,077,031
3,934,033
Provisions for liabilities
Deferred tax
(215,000)
(215,000)
Net assets
3,862,031
3,719,033
Called up share capital
1,000
1,000
Revaluation reserve
1,509,976
1,509,976
Profit and loss account
2,351,055
2,208,057
Shareholders' funds
3,862,031
3,719,033
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 12 June 2025 and were signed on its behalf by
A C Rickards
Director
Company Registration No. 04640133
RA Property Developments Limited
Notes to the Accounts
for the year ended 30 September 2024
RA Property Developments Limited is a private company, limited by shares, registered in England and Wales, registration number 04640133. The registered office is 1 Church Street, Moxley, Wednesbury, WS10 8RE, England.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
Not depreciated
Plant & machinery
15% rducing balance
Fixtures & fittings
15% reducing balance
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
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Tangible fixed assets
Total
At 30 September 2024
185,097
Charge for the year
16,753
At 30 September 2024
90,159
At 30 September 2024
94,938
At 30 September 2023
51,391
RA Property Developments Limited
Notes to the Accounts
for the year ended 30 September 2024
The company is a subsidiary of Anthony C Rickards Limited, incorporated in England with its registered office at 1 Church Street, Moxley, Wednesbury WS10 8RE
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Average number of employees
During the year the average number of employees was 2 (2023: 2).