RADMORE VALE MANAGEMENT COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023
Radmore Vale Management Company Limited ("the Company") is a private company limited by shares, incorporated in England and Wales. Its registered office is Fifth Floor Unex Tower, Station Street, Stratford, London, E15 1DA.
The Company's principal activity during the year under review was the control, supervision and management on behalf of its owners, of the site known as Radmore Vale, Peterborough, Cambridgeshire.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The following principal accounting policies have been applied:
In accordance with the terms of the leases and deeds of covenant, revenue comprises recharges of directly incurred expenses of the site known as Radmore Vale, Peterborough, Cambridgeshire, excluding discounts, rebates, value added tax and other sales taxes.
Short-term debtors are measured at transaction price, less any impairment.
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Cash and cash equivalents
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Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.
Short-term creditors are measured at the transaction price.
The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.
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The average monthly number of employees, including directors, during the year was 1 (2022 - 1).
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