RD & D Properties Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 06965205

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		219,799		219,799

			219,799		219,799
CURRENT ASSETS
Debtors	5	14,151		14,174
Cash at bank and in hand		2,168		4,203

		16,319		18,377
Creditors: Amounts Falling Due Within One Year	6	(13,231 )		(41,664 )

NET CURRENT ASSETS (LIABILITIES)			3,088		(23,287 )

TOTAL ASSETS LESS CURRENT LIABILITIES			222,887		196,512

Creditors: Amounts Falling Due After More Than One Year	7		(219,290 )		(198,237 )

NET ASSETS/(LIABILITIES)			3,597		(1,725 )

CAPITAL AND RESERVES
Called up share capital	8		450		450
Profit and Loss Account			3,147		(2,175 )

SHAREHOLDERS' FUNDS			3,597		(1,725)

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RD & D Properties Limited

Balance Sheet (continued)

As At 31 December 2024

For the year ending 31 December 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.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Darren Shearwood Director	Mr Robert Shearwood Director	Mr Daniel Shearwood Director
23rd May 2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

RD & D Properties Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06965205 . The registered office is Unit 4 Tilia Court, Rackheath Industrial Estate, Norwich, Norfolk, NR13 6SX.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover comprises the invoiced value of rents charged by the company, net of Value Added Tax and trade discounts. All income is derived from activities within the UK.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold

2.4. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 3 (2023: 3)

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RD & D Properties Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

4. Tangible Assets

	Land & Property
	Freehold
	£
Cost
As at 1 January 2024	219,799

As at 31 December 2024	219,799

Net Book Value
As at 31 December 2024	219,799

As at 1 January 2024	219,799

5. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	1,200	1,200
Prepayments and accrued income	201	224

	1,401	1,424
Due after more than one year
Other debtors	10,350	10,350
Directors loan account	2,400	2,400

	12,750	12,750

	14,151	14,174

6. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	511	433
Other loans	9,870	38,900
Corporation tax	2,055	1,536
VAT	795	795

	13,231	41,664

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RD & D Properties Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

7. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Other loans	36,570	22,750
Other creditors	182,658	173,743
Directors loan account	62	1,744

	219,290	198,237

8. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	450	450

9. Related Party Transactions

R P Shearwood Builders Ltd

R Shearwood is a director and shareholder of R P Shearwood Builders Ltd.

There is a loan between the two companies and the outstanding balance at the year end was £64,964 (£60,024 Creditor 2023) and is included within Creditors on the Balance Sheet.

R P Shearwood Properties Ltd

R Shearwood is a director and shareholder of R P Shearwood Properties Ltd.

There is a loan between the two companies and the outstanding balance at the year end was £37,008 (£36,593 Creditor 2023) and is included within Creditors on the Balance Sheet.

RPS Maintenance Services Ltd

R Shearwood is a director and shareholder of RPS Maintenance Services Ltd.

There is a loan between the two companies and the outstanding balance at the year end was £19,165 (£18,875 Creditor 2023) and is included within Creditors on the Balance Sheet.

Batemans Carpets Ltd

R Shearwood is a director and shareholder of Batemans Carpets Ltd.

There is a loan between the two companies and the outstanding balance at the year end was £61,520 (£58,250 Creditor 2023) and is included within Creditors on the Balance Sheet.

10. Ultimate Controlling Party

The company's ultimate controlling party is the directors by virtue of their ownership of 100% of the issued share capital in the company.

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