Accounts filed on 31-03-2021


ACCOUNTS
FOR THE YEAR ENDED 31/03/2021





DIRECTORS
SV Rideout
J J Rideout



SECRETARY
S V Rideout


REGISTERED OFFICE
12 The Green
Brightwalton
Newbury
Berks
RG20 7BH


COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 03731495



ACCOUNTANTS
Gould & Mansford
Chartered Accountants
PO Box 151
Wantage
Oxon
OX12 9ZN


ACCOUNTS
FOR THEYEARENDED31/03/2021



CONTENTS



		Page

Directors' Report		-

Accountants' Report		-

Statement Of Comprehensive Income		-

Balance Sheet		3

Notes To The Accounts		4


The following do not form part of the statutory financial statements:

Trading And Profit And Loss Account		-

Profit And Loss Account Summaries		-


BALANCE SHEET AT 31/03/2021

			2021		2020
	Notes		£		£

FIXED ASSETS
Tangible assets	3		449,178		193,770

CURRENT ASSETS
Cash at bank and in hand		3,904		10,298
		3,904		10,298
CREDITORS: Amounts falling due within one year	5	264,506		25,154
NET CURRENT LIABILITIES			(260,602)		(14,856)
TOTAL ASSETS LESS CURRENT LIABILITIES			188,576		178,914


CREDITORS: Amounts falling due after more than one year	6		118,500		118,500

NET ASSETS			70,076		60,414

CAPITAL AND RESERVES

Called up share capital	7		2		2
Profit and loss account			70,074		60,412
SHAREHOLDERS' FUNDS			70,076		60,414

For the year ending 31/03/2021 the company was entitled to exemption 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 directors have decided not to deliver to the registrar a copy of the company's profit and loss account.

Approved by the board on 14/06/2021 and signed on their behalf by




J J Rideout
Director

1. ACCOUNTING POLICIES




1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .




1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Fixtures and Fittings		reducing balance 15%




1c. Investment Properties
The company is investing in residential properties on a long term basis and continues to hold them at original cost price.




1e. Basis Of Accounting FRS 1021 a
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.




4. INVESTMENT PROPERTIES

	Investment
	Properties	Total
	£	£
Fair value
At 01/04/2020	193,770	193,770
Additions	254,512	254,512
At 31/03/2021	448,282	448,282
No provision is made for depreciation in value of the residential properties, which have been acquired for the long term.




5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
	2021	2020
	£	£
UK corporation tax	2,995	1,652
Directors current account	258,614	23,020
Other creditors	2,897	482
	264,506	25,154




6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
	2021	2020
	£	£
Mortgage >1yr	118,500	118,500
	118,500	118,500

The interest only mortgages are repayable by 2021 and are secured on the investment properties.




7. SHARE CAPITAL	2021	2020
	£	£
Allotted, issued and fully paid:
2 Ordinary shares of £1.00 each	2	2
	2	2