REGISTERED NUMBER: 12269245 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 October 2024

for

Radar Commercial Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A Dallimer

Mrs E A Rathbone

REGISTERED OFFICE:

Suite B

Butts Road

Chiseldon

Swindon

Wiltshire

SN4 0PP

REGISTERED NUMBER:

12269245 (England and Wales)

ACCOUNTANTS:

Morley & Co (UK) Ltd

Chartered Certified Accountants,

2 Cricklade Court

Old Town

Swindon

Wiltshire

SN1 3EY

FIXED ASSETS

Tangible assets

4

298

672

CURRENT ASSETS

Debtors

5

474,660

13,737

Cash at bank

169

246

474,829

13,983

CREDITORS

Amounts falling due within one year

6

517,969

42,348

NET CURRENT LIABILITIES

(43,140

)

(28,365

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(42,842

)

(27,693

)

CREDITORS

Amounts falling due after more than one year

7

8,762

14,682

NET LIABILITIES

(51,604

)

(42,375

)

CAPITAL AND RESERVES

Called up share capital

100

1

Retained earnings

(51,704

)

(42,376

)

SHAREHOLDERS' FUNDS

(51,604

)

(42,375

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 July 2026 and were signed on its behalf by:

A Dallimer - Director

1.	STATUTORY INFORMATION

Radar Commercial Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Going Concern

At the balance sheet date, the company has net liabilities. The company is financially supported by other entities owned by the director and its director when required. As a consequence, the director has a reasonable expectation that the company is well placed to manage its business risks successfully and accordingly adopts the going concern basis in preparing the annual report and accounts.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover from property development is measured at the fair value of the consideration received or receivable for the sale of properties, excluding discounts, rebates,value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 November 2023

1,120

Disposals

(187

)

At 31 October 2024

933

DEPRECIATION

At 1 November 2023

448

Charge for year

187

At 31 October 2024

635

NET BOOK VALUE

At 31 October 2024

298

At 31 October 2023

672

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

-

348

Other debtors

425,000

-

Tax

13,389

13,389

VAT

8

-

Prepayments and accrued income

36,263

-

474,660

13,737

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

6,469

6,469

Trade creditors

31,062

332

Other creditors

271,173

32,672

Directors' current accounts

207,665

475

Accruals and deferred income

1,600

2,400

517,969

42,348

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans - 1-2 years

6,469

14,682

Bank loans - 2-5 years

2,293

-

8,762

14,682

8.	RELATED PARTY DISCLOSURES

During the year, sales of £NIL (2023: £100,000) were made to a company under common control.

During the year, stock purchases of £NIL (2023: £50,000) were made from a company under common control).

At the year end, a balance of £284,642 (2023: £32,672) was owed to a company under common control. The balance is interest free with no fixed date for repayment.

At the year end, the company owed £207,665 to the directors, (2023: the company was owed £475). The loan is interest free and has no fixed date for repayment.