Randall & Warner Building Contractors Limited

(Registration number: 06461034)
Balance Sheet as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Investment property	5	180,000	180,000
Current assets
Cash at bank and in hand		1,878	71
Creditors: Amounts falling due within one year	6	(93,709)	(91,519)
Net current liabilities		(91,831)	(91,448)
Total assets less current liabilities		88,169	88,552
Provisions for liabilities		(13,765)	(13,765)
Net assets		74,404	74,787
Capital and reserves
Called up share capital		200	200
Revaluation reserve		77,800	77,800
Retained earnings		(3,596)	(3,213)
Shareholders' funds		74,404	74,787

For the financial 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.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year 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 in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been 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 13 September 2025 and signed on its behalf by:
 

......................................... Mr D Randall Director

......................................... Mr D Warner Director

Randall & Warner Building Contractors Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

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:
44 Wigeon Lane
Walton Cardiff
Tewkesbury
Gloucestershire
GL20 7RS

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.

Revenue recognition

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.

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 valuers 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.

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Randall & Warner Building Contractors Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Asset class	Amortisation method and rate
Goodwill	Fully written down

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 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.

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 year, was 4 (2023 - 4).

Randall & Warner Building Contractors Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

4	Intangible assets

	Goodwill  £	Total £
Cost or valuation
At 1 January 2024	10,000	10,000
At 31 December 2024	10,000	10,000
Amortisation
At 1 January 2024	10,000	10,000
At 31 December 2024	10,000	10,000
Carrying amount
At 31 December 2024	-	-
At 31 December 2023	-	-

5	Investment properties

	2024 £
At 1 January 2024 and 31 December 2024	180,000

If the investment property had not been revalued, it would have been included at a historical cost of £88,435 (2023: £88,435). The directors have considered the value of the property and they consider £180,000 to be its market value at 31 December 2024.

6

Creditors

	Note	2024 £	2023 £
Due within one year
Trade creditors		-	1,254
Amounts owed to related parties		92,759	89,005
Other creditors		950	1,260
		93,709	91,519