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 2021





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 2021










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 2021







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 2021

30/4/21 30/4/20
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 307 341
Investment property 5 250,000 650,000
250,307 650,341

CURRENT ASSETS
Debtors - 116
Cash at bank 24,350 23,977
24,350 24,093
CREDITORS
Amounts falling due within one year 67,505 422,557
NET CURRENT LIABILITIES (43,155 ) (398,464 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
207,152
251,877

CAPITAL AND RESERVES
Called up share capital 62 62
Revaluation reserve 74,520 185,488
Retained earnings 132,570 66,327
SHAREHOLDERS' FUNDS 207,152 251,877

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2021 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 2021


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 2021 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 and authorised for issue on 25 January 2022 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 2021


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.


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

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 April 2021


2. ACCOUNTING POLICIES - continued
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.

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 NIL (2020 - 1 ).

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 May 2020
and 30 April 2021 11,030
DEPRECIATION
At 1 May 2020 10,689
Charge for year 34
At 30 April 2021 10,723
NET BOOK VALUE
At 30 April 2021 307
At 30 April 2020 341

Page 5 continued...
P. RICHARDSON DEVELOPMENTS LIMITED (REGISTERED NUMBER: 01309747)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 April 2021


5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2020 650,000
Disposals (400,000 )
At 30 April 2021 250,000
NET BOOK VALUE
At 30 April 2021 250,000
At 30 April 2020 650,000

Page 6