Radius Ventures Limited
Radius Ventures Limited
Registered number: 10853284
Unaudited Financial Statements
For the Period 6 July 2017 to 31 July 2018
Radius Ventures Limited
Unaudited Financial Statements
For the Period 6 July 2017 to 31 July 2018
Unaudited Financial Statements
| Contents | |
| Page | |
|---|---|
| Balance Sheet | 1 |
| Notes to the Financial Statements | 3 |
Radius Ventures Limited
Balance Sheet
As at
31 July 2018
Balance Sheet
Registered number:
10853284
For the period ending 31 July 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
| Period to 31 July 2018 | |||
|---|---|---|---|
| Notes | £ | £ | |
| FIXED ASSETS | |||
| Tangible Assets | 3 |
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| CURRENT ASSETS | |||
| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year | 4 |
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| NET CURRENT ASSETS (LIABILITIES) |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
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| NET ASSETS |
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| Profit and Loss Account |
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| SHAREHOLDERS' FUNDS | (711) | ||
Directors' responsibilities:
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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 company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
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Page 1
Radius Ventures Limited
Balance Sheet (continued)
As at
31 July 2018
The notes on page 3 form part of these financial statements.
Page 2
Radius Ventures Limited
Notes to the Financial Statements
For the Period 6 July 2017 to 31 July 2018
Notes to the Financial Statements
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
1.3.
Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.
Average Number of Employees
Average number of employees, including directors, during the year was as follows:Nil
3.
Tangible Assets
| Investment Properties | |
|---|---|
| £ | |
| Cost | |
| As at |
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| As at |
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| Net Book Value | |
| As at |
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| As at |
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4.
Creditors: Amounts Falling Due Within One Year
| Period to 31 July 2018 | |
|---|---|
| £ | |
| Other creditors |
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| Directors' loan accounts |
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5.
Ultimate Controlling Party
The company is under control of the directors.
Page 3