| R & D Properties Limited |
| Registered number: |
02837778 |
| Balance Sheet |
| as at 31 July 2021 |
|
| Notes |
|
|
2021 |
|
|
2020 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
229,000 |
|
|
229,000 |
|
| Current assets |
| Cash at bank and in hand |
|
|
2,562 |
|
|
439 |
|
| Creditors: amounts falling due within one year |
4 |
|
(41,622) |
|
|
(30,447) |
|
| Net current liabilities |
|
|
|
(39,060) |
|
|
(30,008) |
|
| Total assets less current liabilities |
|
|
|
189,940 |
|
|
198,992 |
|
|
| Provisions for liabilities |
|
|
|
(34,600) |
|
|
(34,600) |
|
|
| Net assets |
|
|
|
155,340 |
|
|
164,392 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
100 |
|
|
100 |
| Profit and loss account |
|
|
|
155,240 |
|
|
164,292 |
|
| Shareholder's funds |
|
|
|
155,340 |
|
|
164,392 |
|
|
|
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The member has not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| D J Riddell |
| Director |
| Approved by the board on 22 September 2021 |
|
| R & D Properties Limited |
| Notes to the Accounts |
| for the year ended 31 July 2021 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
|
Turnover |
|
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers. |
|
|
|
Tangible fixed assets |
|
Freehold buildings were measured at cost in prior years less accumulative depreciation. Depreciation at 2% on cost is no longer provided on freehold buildings as the property is being revalued. An adjustment has been made in the prior year 2016 to adjust for the accumulative depreciation against retained profits. |
|
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). |
|
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. |
|
|
|
Provisions |
|
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably. |
|
|
| 2 |
Employees |
2021 |
|
2020 |
| Number |
Number |
|
|
Average number of persons employed by the company |
1 |
|
1 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Land and buildings |
| £ |
|
Cost |
|
At 1 August 2020 |
229,000 |
|
At 31 July 2021 |
229,000 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 31 July 2021 |
- |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 July 2021 |
229,000 |
|
At 31 July 2020 |
229,000 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Freehold land and buildings: |
2021 |
|
2020 |
| £ |
£ |
|
Historical cost |
47,000 |
|
47,000 |
|
Cumulative depreciation based on historical cost |
- |
|
- |
|
|
|
|
|
|
47,000 |
|
47,000 |
|
The fair value of the property at 31st July 2018 is unchanged and has been arrived at on the basis of a valuation carried out at that date by D J Riddell, a director of the company, who is not a professionally qualified valuer. |
|
|
| 4 |
Creditors: amounts falling due within one year |
2021 |
|
2020 |
| £ |
£ |
|
|
Taxation and social security costs |
- |
|
- |
|
Other creditors |
41,622 |
|
30,447 |
|
|
|
|
|
|
41,622 |
|
30,447 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Other information |
|
|
R & D Properties Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
Devnshire House |
|
582 Honeyport lane |
|
Stanmore |
|
HA7 1JS |
