Registered number
03222205
Rather Quaint Riverside Properties Limited
Unaudited Filleted Accounts
28 February 2025
Rather Quaint Riverside Properties Limited
Registered number: 03222205
Balance Sheet
as at 28 February 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 1,044,000 1,090,144
Current assets
Debtors 4 4,698 4,376
Cash at bank and in hand 20,379 16,262
25,077 20,638
Creditors: amounts falling due within one year 5 (22,456) (17,050)
Net current assets 2,621 3,588
Total assets less current liabilities 1,046,621 1,093,732
Creditors: amounts falling due after more than one year 6 (220,906) (183,434)
Provisions for liabilities (133,322) (144,849)
Net assets 692,393 765,449
Capital and reserves
Called up share capital 2 2
Profit and loss account 692,391 765,447
Shareholders' funds 692,393 765,449
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.
L Dupee
Director
Approved by the board on 26 August 2025
Rather Quaint Riverside Properties Limited
Notes to the Accounts
for the year ended 28 February 2025
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
Rental income is measured at the fair value of the consideration received or receivable.
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:
Office equipment 25% straight line
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 2025 2024
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Land and buildings Office equipment Total
£ £ £
Cost
At 29 February 2024 1,090,000 579 1,090,579
Surplus on revaluation (46,000) - (46,000)
At 28 February 2025 1,044,000 579 1,044,579
Depreciation
At 29 February 2024 - 435 435
Charge for the year - 144 144
At 28 February 2025 - 579 579
Net book value
At 28 February 2025 1,044,000 - 1,044,000
At 28 February 2024 1,090,000 144 1,090,144
4 Debtors 2025 2024
£ £
Trade debtors 177 177
Other debtors 4,521 4,199
4,698 4,376
5 Creditors: amounts falling due within one year 2025 2024
£ £
Trade creditors - 1,460
Taxation and social security costs 2,764 2,123
Other creditors 19,692 13,467
22,456 17,050
6 Creditors: amounts falling due after one year 2025 2024
£ £
Other creditors 220,906 183,434
7 Loans 2025 2024
£ £
Creditors include:
Instalments falling due for payment after more than five years 72,630 84,638
8 Revaluation reserve 2025 2024
£ £
At 29 February 2024 596,445 546,097
(Loss)/gain on revaluation of land and buildings (46,000) 105,000
Deferred taxation arising on the revaluation of land and buildings 11,500 (54,652)
At 28 February 2025 561,945 596,445
9 Other information
Rather Quaint Riverside Properties Limited is a private company limited by shares and incorporated in England. Its registered office is:
1 Cabot House
Compass Point Business Park
St. Ives
Cambs
PE27 5JL
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