Company Registration No. 10652683 (England and Wales)
RADIUS PROPERTY HOLDINGS LTD
Unaudited accounts
for the year ended 31 March 2021
RADIUS PROPERTY HOLDINGS LTD
Unaudited accounts
Contents
RADIUS PROPERTY HOLDINGS LTD
Company Information
for the year ended 31 March 2021
Directors
Michael Edward John Fryer
Lisa Fryer
Company Number
10652683 (England and Wales)
Registered Office
Mainland House
Gladstone Close
Northampton
NN5 7AY
RADIUS PROPERTY HOLDINGS LTD
Statement of financial position
as at 31 March 2021
Investment property
1,000,000
684,815
Cash at bank and in hand
33,373
25,655
Creditors: amounts falling due within one year
(338,509)
(338,101)
Net current liabilities
(305,136)
(312,446)
Total assets less current liabilities
694,864
372,369
Creditors: amounts falling due after more than one year
(212,235)
(249,689)
Provisions for liabilities
Net assets
427,129
122,680
Called up share capital
2
2
Profit and loss account
427,127
122,678
Shareholders' funds
427,129
122,680
For the year ending 31 March 2021 the company was entitled to exemption from audit 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 30 December 2021 and were signed on its behalf by
Michael Edward John Fryer
Director
Company Registration No. 10652683
RADIUS PROPERTY HOLDINGS LTD
Notes to the Accounts
for the year ended 31 March 2021
RADIUS PROPERTY HOLDINGS LTD is a private company, limited by shares, registered in England and Wales, registration number 10652683. The registered office is Mainland House, Gladstone Close, Northampton, NN5 7AY.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Investment property is included at fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Fair value at 1 April 2020
684,815
Net gain from fair value adjustments
315,185
At 31 March 2021
1,000,000
5
Creditors: amounts falling due within one year
2021
2020
Bank loans and overdrafts
47,990
47,991
Taxes and social security
10,500
10,091
Other creditors
280,019
280,019
6
Creditors: amounts falling due after more than one year
2021
2020
Bank loans
212,235
249,689
RADIUS PROPERTY HOLDINGS LTD
Notes to the Accounts
for the year ended 31 March 2021
7
Average number of employees
During the year the average number of employees was 0 (2020: 0).
