P Richardson Developments Limited - Accounts to registrar (filleted) - small 18.2

P Richardson Developments Limited - Accounts to registrar (filleted) - small 18.2

P. RICHARDSON DEVELOPMENTS LIMITED - Company Information

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REGISTERED NUMBER: 01309747 (England and Wales)















P RICHARDSON DEVELOPMENTS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2019





Hilden Park Accountants Limited
Chartered Accountants
Hilden Park House
79 Tonbridge Road
Hildenborough
Tonbridge
Kent
TN11 9BH








P RICHARDSON DEVELOPMENTS LIMITED (REGISTERED NUMBER: 01309747)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 30 April 2019










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


P RICHARDSON DEVELOPMENTS LIMITED

COMPANY INFORMATION
For The Year Ended 30 April 2019







DIRECTOR: P Richardson





REGISTERED OFFICE: Hilden Park House
79 Tonbridge Road
Hildenborough
Tonbridge
Kent
TN11 9BH





REGISTERED NUMBER: 01309747 (England and Wales)





ACCOUNTANTS: Hilden Park Accountants Limited
Chartered Accountants
Hilden Park House
79 Tonbridge Road
Hildenborough
Tonbridge
Kent
TN11 9BH
Page 1
P RICHARDSON DEVELOPMENTS LIMITED (REGISTERED NUMBER: 01309747)

ABRIDGED BALANCE SHEET
30 April 2019

30/4/19 30/4/18
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 379 2,177
Investment property 5 650,000 650,000
650,379 652,177

CURRENT ASSETS
Debtors - 105
Cash at bank 34,969 29,816
34,969 29,921
CREDITORS
Amounts falling due within one year 433,626 417,574
NET CURRENT LIABILITIES (398,657 ) (387,653 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
251,722
264,524

CAPITAL AND RESERVES
Called up share capital 62 62
Revaluation reserve 6 185,488 185,488
Retained earnings 66,172 78,974
SHAREHOLDERS' FUNDS 251,722 264,524

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 notes form part of these financial statements

Page 2 continued...
P RICHARDSON DEVELOPMENTS LIMITED (REGISTERED NUMBER: 01309747)

ABRIDGED BALANCE SHEET - continued
30 April 2019


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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30 April 2019 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the director on 23 January 2020 and were signed by:





P Richardson - Director


The notes form part of these financial statements

Page 3
P RICHARDSON DEVELOPMENTS LIMITED (REGISTERED NUMBER: 01309747)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 30 April 2019


1. STATUTORY INFORMATION

P Richardson Developments 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.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, 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.
Plant and machinery - 10% on reducing balance
Motor vehicles - 25% on reducing balance

Investment property
In accordance with the Statement of Standard Accounting Practice No.19, the company's property is held for
long-term investment and is included in the Balance Sheet at open market value. The surplus on revaluation in
2014 was transferred to the investment property revaluation reserve.

No depreciation is provided on freehold investment properties and this is considered to be a departure from the
Companies Act 2006, that requires the systematic depreciation of any fixed asset that has a limited useful
economic life. The director considers that this policy is necessary in order that the Financial Statements may give
a true and fair view because current values and changes in current values are of prime importance rather than the
systematic annual depreciation. Depreciation is only one of many factors reflected in the valuation and the
amount which might otherwise have been shown cannot be separately identified or quantified.

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.

Page 4 continued...
P RICHARDSON DEVELOPMENTS LIMITED (REGISTERED NUMBER: 01309747)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 April 2019


2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension
scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2018 - 2 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 May 2018
and 30 April 2019 30,809
DEPRECIATION
At 1 May 2018 28,632
Charge for year 1,798
At 30 April 2019 30,430
NET BOOK VALUE
At 30 April 2019 379
At 30 April 2018 2,177

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2018
and 30 April 2019 650,000
NET BOOK VALUE
At 30 April 2019 650,000
At 30 April 2018 650,000

6. RESERVES
Revaluation
reserve
£   
At 1 May 2018
and 30 April 2019 185,488

Page 5