RV Apartments Limited 14357434 false 2023-10-01 2025-03-31 2025-03-31 The principal activity of the company is Other letting & operating of own/lease Digita Accounts Production Advanced 6.30.9574.0 true 14357434 2023-10-01 2025-03-31 14357434 2025-03-31 14357434 core:RetainedEarningsAccumulatedLosses 2025-03-31 14357434 core:ShareCapital 2025-03-31 14357434 core:CurrentFinancialInstruments 2025-03-31 14357434 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 14357434 core:Non-currentFinancialInstruments core:AfterOneYear 2025-03-31 14357434 core:FurnitureFittings 2025-03-31 14357434 core:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2025-03-31 14357434 core:OtherRelatedParties 2025-03-31 14357434 bus:SmallEntities 2023-10-01 2025-03-31 14357434 bus:AuditExemptWithAccountantsReport 2023-10-01 2025-03-31 14357434 bus:FilletedAccounts 2023-10-01 2025-03-31 14357434 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2025-03-31 14357434 bus:RegisteredOffice 2023-10-01 2025-03-31 14357434 bus:Director1 2023-10-01 2025-03-31 14357434 bus:Director2 2023-10-01 2025-03-31 14357434 bus:Director3 2023-10-01 2025-03-31 14357434 bus:Director4 2023-10-01 2025-03-31 14357434 bus:PrivateLimitedCompanyLtd 2023-10-01 2025-03-31 14357434 bus:Agent1 2023-10-01 2025-03-31 14357434 core:FurnitureFittings 2023-10-01 2025-03-31 14357434 core:KeyManagementPersonnel 2023-10-01 2025-03-31 14357434 core:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2023-10-01 2025-03-31 14357434 core:OtherRelatedParties 2023-10-01 2025-03-31 14357434 countries:EnglandWales 2023-10-01 2025-03-31 14357434 2023-09-30 14357434 core:FurnitureFittings 2023-09-30 14357434 core:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2023-09-30 14357434 core:OtherRelatedParties 2023-09-30 14357434 2022-09-15 2023-09-30 14357434 2023-09-30 14357434 core:RetainedEarningsAccumulatedLosses 2023-09-30 14357434 core:ShareCapital 2023-09-30 14357434 core:CurrentFinancialInstruments 2023-09-30 14357434 core:CurrentFinancialInstruments core:WithinOneYear 2023-09-30 14357434 core:Non-currentFinancialInstruments core:AfterOneYear 2023-09-30 14357434 core:FurnitureFittings 2023-09-30 14357434 core:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2023-09-30 14357434 core:OtherRelatedParties 2023-09-30 14357434 core:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2022-09-15 2023-09-30 14357434 core:OtherRelatedParties 2022-09-15 2023-09-30 iso4217:GBP xbrli:pure

RV Apartments Limited

Unaudited Filleted Financial Statements

for the Period from 1 October 2023 to 31 March 2025

 

RV Apartments Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 9

 

RV Apartments Limited

Company Information

Directors

P Oliphant

S K Oliphant

S M Davidson

K A Davidson

Registered office

Lobby Office
65 Redcross Village
Redcross Street
Bristol
BS2 0BB

Registered Number

14357434

Accountants

Verinder Powell Associates Limited Suite 5 Corum 2
Corum Office Park
Crown Way
Warmley
Bristol
BS30 8FJ

 

RV Apartments Limited

(Registration number: 14357434)
Balance Sheet as at 31 March 2025

Note

2025
£

2023
£

Fixed assets

 

Tangible assets

4

9,422

13,409

Investment property

5

5,975,500

6,207,027

 

5,984,922

6,220,436

Current assets

 

Debtors

6

76,379

7,795

Cash at bank and in hand

 

24,349

124,678

 

100,728

132,473

Creditors: Amounts falling due within one year

7

(1,510,251)

(1,698,136)

Net current liabilities

 

(1,409,523)

(1,565,663)

Total assets less current liabilities

 

4,575,399

4,654,773

Creditors: Amounts falling due after more than one year

7

(4,531,254)

(4,579,068)

Net assets

 

44,145

75,705

Capital and reserves

 

Called up share capital

4

4

Retained earnings

44,141

75,701

Shareholders' funds

 

44,145

75,705

 

RV Apartments Limited

(Registration number: 14357434)
Balance Sheet as at 31 March 2025

For the financial period ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 28 June 2025 and signed on its behalf by:
 

.........................................
S M Davidson
Director

 

RV Apartments Limited

Notes to the Unaudited Financial Statements for the Period from 1 October 2023 to 31 March 2025

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Lobby Office
65 Redcross Village
Redcross Street
Bristol
BS2 0BB

These financial statements were authorised for issue by the Board on 28 June 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value. The financial statements are prepared in Pounds Sterling (£), and are rounded to the nearest pound.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
- the amount of revenue can be reliably measured;
- it is probable that future economic benefits will flow to the entity;
- the entity no longer retains effective control over the services provided;
- the cost incurred or to be incurred in respect of the transaction can be reliably measured;
- and specific criteria have been met for each of the company's activities.

 

RV Apartments Limited

Notes to the Unaudited Financial Statements for the Period from 1 October 2023 to 31 March 2025

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures and fittings

20% on cost

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by the directors. The directors use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

RV Apartments Limited

Notes to the Unaudited Financial Statements for the Period from 1 October 2023 to 31 March 2025

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 4 (2023 - 4).

 

RV Apartments Limited

Notes to the Unaudited Financial Statements for the Period from 1 October 2023 to 31 March 2025

4

Tangible assets

Fixtures and fittings
£

Total
£

Cost or valuation

At 1 October 2023

15,661

15,661

Additions

837

837

At 31 March 2025

16,498

16,498

Depreciation

At 1 October 2023

2,252

2,252

Charge for the period

4,824

4,824

At 31 March 2025

7,076

7,076

Carrying amount

At 31 March 2025

9,422

9,422

At 30 September 2023

13,409

13,409

5

Investment properties

2025
£

At 1 October

6,207,027

Impairment

(231,527)

At 31 March

5,975,500

The fair value of the properties at 31 March 2025 have been arrived at on the basis of a valuation carried out at that date by the directors. The valuation was arrived at by reference to market evidence of transaction prices for similar properties in their locations.

6

Debtors

2025
£

2023
£

Trade debtors

2,235

-

Prepayments

16,262

7,795

Other debtors

57,882

-

76,379

7,795

 

RV Apartments Limited

Notes to the Unaudited Financial Statements for the Period from 1 October 2023 to 31 March 2025

7

Creditors

2025
£

2023
£

Trade creditors

5,879

4,243

Taxation and social security

50,336

22,599

Accruals and deferred income

19,871

17,564

Amounts due to related parties

1,392,888

1,597,574

Other creditors

41,277

56,156

1,510,251

1,698,136


 


 

2025
£

2023
£

Due after one year

Bank borrowings

4,304,390

4,304,390

Amounts due to related parties

226,864

274,678

4,531,254

4,579,068

The bank loans are secured via a fixed charge over the investment properties held by the company and a personal guarantee by the directors. The carrying amount at period end is £4,304,390 (2023 - £4,304,390).
 

 

RV Apartments Limited

Notes to the Unaudited Financial Statements for the Period from 1 October 2023 to 31 March 2025

8

Related party transactions

Loans from related parties

2025

Key management
£

Other related parties
£

Total
£

At start of period

1,872,252

10,627

1,882,879

Advanced

86,250

-

86,250

Repaid

(338,750)

(10,627)

(349,377)

At end of period

1,619,752

-

1,619,752

2023

Key management
£

Other related parties
£

Total
£

Advanced

1,958,506

10,627

1,969,133

Repaid

(86,254)

-

(86,254)

At end of period

1,872,252

10,627

1,882,879

Terms of loans from related parties

Of the total loans from key management, £259,988 is charged interest of 3.5% per annum. The remaining balance of £1,359,764 is interest free.

Of the total loans from key management, £226,864 is repayable after one year, the remaining balance of £1,392,888 is repayable on demand.


 The loan from other related parties is interest free and repayable on demand.