Caseware UK (AP4) 2023.0.135 2023.0.135 2024-09-302024-09-3022023-10-01falsefalsetrueNo description of principal activity2trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 01377021 2023-09-30 01377021 2023-10-01 2024-09-30 01377021 2022-10-01 2023-09-30 01377021 2024-09-30 01377021 c:Director1 2023-10-01 2024-09-30 01377021 d:OfficeEquipment 2024-09-30 01377021 d:OfficeEquipment 2023-09-30 01377021 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 01377021 d:CurrentFinancialInstruments 2024-09-30 01377021 d:CurrentFinancialInstruments 2023-09-30 01377021 c:FRS102 2023-10-01 2024-09-30 01377021 c:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 01377021 c:FullAccounts 2023-10-01 2024-09-30 01377021 c:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 01377021 2 2023-10-01 2024-09-30 01377021 e:PoundSterling 2023-10-01 2024-09-30 iso4217:GBP xbrli:pure

Registered number: 01377021









RAYMOND RICE (DEVELOPMENTS) LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2024

 
RAYMOND RICE (DEVELOPMENTS) LIMITED
REGISTERED NUMBER: 01377021

BALANCE SHEET
AS AT 30 SEPTEMBER 2024

2024
2023
Note
£
£

  

Fixed assets
  

Tangible assets
 4 
-
1,539

  
-
1,539

Current assets
  

Stocks
 5 
413,347
400,848

Debtors: amounts falling due within one year
 6 
56,285
199,174

Cash at bank and in hand
  
1,177
10,676

  
470,809
610,698

Creditors: amounts falling due within one year
 7 
(448,180)
(561,363)

Net current assets
  
 
 
22,629
 
 
49,335

Total assets less current liabilities
  
22,629
50,874

  

  

  

Net assets excluding pension asset
  
22,629
50,874

Net assets
  
22,629
50,874


Capital and reserves
  

Called up share capital 
  
1,250
1,250

Share premium account
  
49,750
49,750

Profit and loss account
  
(28,371)
(126)

  
22,629
50,874


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 year 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 Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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 profit and loss account in accordance with provisions applicable to
Page 1

 
RAYMOND RICE (DEVELOPMENTS) LIMITED
REGISTERED NUMBER: 01377021
    
BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 2024

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 on 25 June 2025.



Raymond Kenneth Rice
Director

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

Page 2

 
RAYMOND RICE (DEVELOPMENTS) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.


General information

Raymond Rice Developments 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

 
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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

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:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.


Page 3

 
RAYMOND RICE (DEVELOPMENTS) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.5

Stocks and work in progress

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 balance sheet 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.

 
2.6

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.

 
2.7

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.

 
2.8

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including the directors, during the year was as follows:


        2024
        2023
            No.
            No.







Administration
2
2

Page 4

 
RAYMOND RICE (DEVELOPMENTS) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

4.


Tangible fixed assets





Computer equipment

£



Cost or valuation


At 1 October 2023
6,482



At 30 September 2024

6,482



Depreciation


At 1 October 2023
4,943


Charge for the year on owned assets
1,539



At 30 September 2024

6,482



Net book value



At 30 September 2024
-



At 30 September 2023
1,539


5.


Stocks

2024
2023
£
£

Work in progress (development to be sold)
413,347
400,848

413,347
400,848



6.


Debtors

2024
2023
£
£


Other debtors
9,096
150,958

Prepayments and accrued income
47,189
48,216

56,285
199,174


Page 5

 
RAYMOND RICE (DEVELOPMENTS) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
-
4,902

Corporation tax
-
26,488

Other creditors
430,093
519,050

Accruals and deferred income
18,087
10,923

448,180
561,363


 
Page 6