Randleside Limited

 

(Registration number: 2376373)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	2,824	438
Investment property	5	755,390	580,000
Other financial assets	7	56,277	62,828
Investments in joint property syndicates	6	45,116	43,106
		859,607	686,372
Current assets
Cash at bank and in hand		65,336	63,402
Creditors: Amounts falling due within one year	9	(391,231)	(220,413)
Net current liabilities		(325,895)	(157,011)
Total assets less current liabilities		533,712	529,361
Creditors: Amounts falling due after more than one year	9	(29,175)	(29,175)
Provisions for liabilities		(60,487)	(60,487)
Net assets		444,050	439,699
Capital and reserves
Called up share capital		2	2
Profit and loss account		214,403	210,052
Non-distributable reserve		229,645	229,645
Total equity		444,050	439,699

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

Director's 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 director acknowledges his 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Randleside Limited

 

(Registration number: 2376373)
Balance Sheet as at 31 March 2025

Approved and authorised by the director on 21 April 2026
 

......................................... Mr M Cik Director

Randleside Limited

 

Notes to the Unaudited Financial Statements for the Year Ended 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:
2nd Floor - Parkgates
Bury New Road
Prestwich
Manchester
M25 0TL
England

These financial statements were authorised for issue by the director on 21 April 2026.

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). This is the first year in which the financial statements have been prepared under FRS102. Details of the transition to FRS 102 are disclosed in note 11.

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.

Investment in Joint Property Syndicates

Investments in syndicates are accounted for under the equity accounting method.

Going concern

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of 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;
and specific criteria have been met for each of the company's activities.

Randleside Limited

 

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Tax

The tax expense for the period comprises 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
Furniture, fittings and equipment	10% reducing balance

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 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

Randleside Limited

 

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

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 the director) during the year, was 2 (2024 - 2).

Randleside Limited

 

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4	Tangible assets

	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 April 2024	1,627	1,627
Additions	2,700	2,700
At 31 March 2025	4,327	4,327
Depreciation
At 1 April 2024	1,189	1,189
Charge for the year	314	314
At 31 March 2025	1,503	1,503
Carrying amount
At 31 March 2025	2,824	2,824
At 31 March 2024	438	438

5	Investment properties

	2025 £
At 1 April 24	580,000
Additions	175,390
At 31 March 25	755,390

There has been no valuation of investment property by an independent valuer.

The historical cost of the property is £283,998.

6	Investments in joint property syndicates

Randleside Limited

 

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

	£
Capital as at 1 April 2024	43,106
Surplus/Deficit	2,010
At 31 March 2025	45,116

Randleside Limited

 

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

7	Other financial assets (current and non-current)

	Financial assets at fair value through profit and loss £	Total £
Non-current financial assets
Cost or valuation
At 1 April 2024	62,828	62,828
Fair value adjustments	961	961
Additions	7,329	7,329
Disposals	(14,841)	(14,841)
At 31 March 2025	56,277	56,277
Impairment
Carrying amount
At 31 March 2025	56,277	56,277

Randleside Limited

 

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

8

Debtors

9

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Accruals and deferred income	1,530	1,440
Other creditors	389,701	218,973
	391,231	220,413

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings		29,175	29,175