RECORD LEVEL LIMITED

RECORD LEVEL LIMITED

RECORD LEVEL LIMITED - Company Information

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Company Registration No. 04068054 (England and Wales)
RECORD LEVEL LIMITED Unaudited accounts for the year ended 30 September 2022
RECORD LEVEL LIMITED Unaudited accounts Contents
Page
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RECORD LEVEL LIMITED Company Information for the year ended 30 September 2022
Director
Mr Paul Newman
Company Number
04068054 (England and Wales)
Registered Office
25 Mountway Potters Bar Hertfordshire EN6 1ER
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RECORD LEVEL LIMITED Statement of financial position as at 30 September 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Investment property
4
2,886,454 
2,886,454 
Investments
5
5,260 
5,260 
2,891,714 
2,891,714 
Current assets
Debtors
6
209,735 
184,544 
Cash at bank and in hand
9,262 
41,421 
218,997 
225,965 
Creditors: amounts falling due within one year
7
(79,941)
(84,736)
Net current assets
139,056 
141,229 
Total assets less current liabilities
3,030,770 
3,032,943 
Creditors: amounts falling due after more than one year
8
(1,320,321)
(1,320,321)
Net assets
1,710,449 
1,712,622 
Capital and reserves
Called up share capital
9
2 
2 
Profit and loss account
1,710,447 
1,712,620 
Shareholders' funds
1,710,449 
1,712,622 
For the year ending 30 September 2022 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 director acknowledges his 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 and authorised for issue on 28 June 2006 and were signed on its behalf by
Mr Paul Newman Director Company Registration No. 04068054
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RECORD LEVEL LIMITED Notes to the Accounts for the year ended 30 September 2022
1
Statutory information
RECORD LEVEL LIMITED is a private company, limited by shares, registered in England and Wales, registration number 04068054. The registered office is 25 Mountway, Potters Bar, Hertfordshire, EN6 1ER.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover relates to gross rental receipts.
4
Investment property
2022 
£ 
Fair value at 1 October 2021
2,886,454 
At 30 September 2022
2,886,454 
5
Investments
Subsidiary undertakings 
£ 
Valuation at 1 October 2021
5,260 
Valuation at 30 September 2022
5,260 
The company acquired a one third of the issued share capital of Park Avenue (29) Limited, a company incorporated in England.
6
Debtors
2022 
2021 
£ 
£ 
Amounts falling due within one year
Trade debtors
85,025 
78,300 
Other debtors
124,710 
106,244 
209,735 
184,544 
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RECORD LEVEL LIMITED Notes to the Accounts for the year ended 30 September 2022
7
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
Trade creditors
23,820 
19,576 
Taxes and social security
850 
3,600 
Other creditors
53,415 
60,060 
Loans from directors
356 
- 
Accruals
1,500 
1,500 
79,941 
84,736 
8
Creditors: amounts falling due after more than one year
2022 
2021 
£ 
£ 
Bank loans
1,320,321 
1,320,321 
Aggregate of amounts that fall due for payment after five years
- 
1,320,321 
The creditors due after more than one year are secured on the company's invesment properties.
9
Share capital
2022 
2021 
£ 
£ 
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2 
2 
10
Controlling party
The company is controlled by the director by virtue of his shareholding in the company.
11
Average number of employees
During the year the average number of employees was 3 (2021: 3).
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