RH Leisure Ltd 9695523 false 2021-02-01 2022-01-31 2022-01-31 The principal activity of the company is sale of sportswear Digita Accounts Production Advanced 6.30.9574.0 true 9695523 2021-02-01 2022-01-31 9695523 2022-01-31 9695523 core:CurrentFinancialInstruments 2022-01-31 9695523 core:AdditionsToInvestments 2022-01-31 9695523 core:CostValuation 2022-01-31 9695523 bus:SmallEntities 2021-02-01 2022-01-31 9695523 bus:AuditExemptWithAccountantsReport 2021-02-01 2022-01-31 9695523 bus:FullAccounts 2021-02-01 2022-01-31 9695523 bus:SmallCompaniesRegimeForAccounts 2021-02-01 2022-01-31 9695523 bus:RegisteredOffice 2021-02-01 2022-01-31 9695523 bus:Director1 2021-02-01 2022-01-31 9695523 bus:PrivateLimitedCompanyLtd 2021-02-01 2022-01-31 9695523 countries:UnitedKingdom 2021-02-01 2022-01-31 9695523 core:CostValuation 2021-01-31 9695523 2020-02-01 2021-01-31 9695523 2021-01-31 9695523 core:CurrentFinancialInstruments 2021-01-31 iso4217:GBP xbrli:pure

Registration number: 9695523

RH Leisure Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 31 January 2022

image-name
 

RH Leisure Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

RH Leisure Ltd

Company Information

Director

Mr Richard Harper

Registered office

2/4 Ash Lane
Rustington
Littlehampton
West Sussex
BN16 3BZ

Accountants

Lucraft Hodgson & Dawes LLP
2/4 Ash Lane
Rustington
Littlehampton
West Sussex
BN16 3BZ

 

RH Leisure Ltd

(Registration number: 9695523)
Balance Sheet as at 31 January 2022

Note

2022
£

2021
£

Fixed assets

 

Investments

4

88,199

102,199

Current assets

 

Debtors

5

312,235

215,755

Net assets

 

400,434

317,954

Capital and reserves

 

Called up share capital

100

100

Profit and loss account

400,334

317,854

Shareholders' funds

 

400,434

317,954

For the financial year ending 31 January 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 1 August 2022
 

.........................................
Mr Richard Harper
Director

 

RH Leisure Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2022

1

General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
2/4 Ash Lane
Rustington
Littlehampton
West Sussex
BN16 3BZ
United Kingdom

These financial statements were authorised for issue by the director on 1 August 2022.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

These financial statements are presented in Sterling, which is also the company's functional currency. The financial statements are rounded to the nearest £1.

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

 

RH Leisure Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2022

2

Accounting policies (continued)

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2021 - 1).

4

Investments

2022
£

2021
£

Investments in associates

88,199

102,199

 

RH Leisure Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2022

4

Investments (continued)

Associates

£

Cost

At 1 February 2021

102,199

Additions

(14,000)

At 31 January 2022

88,199

Provision

Carrying amount

At 31 January 2022

88,199

At 31 January 2021

102,199

5

Debtors

Current

2022
£

2021
£

Other debtors

312,235

215,755