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Right Choice Investments Limited
Registered Number:12312182
For the year ended 31 December 2021
England and Wales
Report of the Directors and Unaudited Financial Statements
2
For the year ended 31 December 2021
Right Choice Investments Limited
Contents Page
Company Information
1
2
Directors' Report
3
Chartered Accountants' Report
4
Income Statement
5
Statement of Financial Position
6
Statement of Changes in Equity
7 to 8
Notes to the Financial Statements
3
For the year ended 31 December 2021
Right Choice Investments Limited
Company Information
M P Joseph
Directors
D J Joseph
R J Taberner
12312182
Registered Number
St James House
Registered Office
27 - 43 Eastern Road
Romford
Essex
RM1 3NH
Turnbull & Co Accountants Limited
Accountants
Chartered Accountants
Pilgrim House
Oxford Place
Plymouth
PL1 5AJ
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4
For the year ended 31 December 2021
Right Choice Investments Limited
Directors' Report
The directors present their report and financial statements for the year ended 31 December 2021.
Principal activities
The principal activity of the company continued to be that of a general commercial company. Directors Responsibilities Company law requires the directors to prepare financial statements for each financial year which give a true and fair view. In preparing those financial statements, the directors are required to: Select suitable accounting policies and then apply them on a consistent basis, making judgements and estimates that are prudent and reasonable; State whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; Prepare the financial statements on the going concern basis unless it is not appropriate to presume that the company will continue in business. The directors are responsible for keeping adequate accounting records, for safeguarding the assets of the company, and for taking reasonable steps for the prevention and detection of fraud and other irregularitites.
Directors
The directors who served the company throughout the year were as follows:
M P Joseph
D J Joseph
R J Taberner
D J Joseph
Signed on behalf of the board of directors
This report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.
Date:
13 September 2022
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5
For the year ended 31 December 2021
Right Choice Investments Limited
Chartered Accountants' Report
Chartered Accountants' report to the Directors on the preparation of the unaudited statutory accounts of Right
Choice Investments Limited for the year ended 31 December 2021
In order to assist you to fulfil your duties under Companies Act 2006, we have prepared for your approval the accounts
of Right Choice Investments Limited for the year ended 31 December 2021 which comprise the Income Statement, the
Statement of Financial Position, the Statement of Changes in Equity and the related notes from the company's
accounting records and from information and explanations you have given us.
As a practising firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its
ethical and other professional requirements which are detailed at
icaew.com/en/members/regulations-standards-and-guidance.
This report is made solely to the Board of Directors of Right Choice Investments Limited, as a body, in accordance
with the terms of our engagement letter dated 22 June 2021. Our work has been undertaken solely to prepare for your
approval the accounts of Right Choice Investments Limited and state those matters that we have agreed to state to
the Board of Directors of Right Choice Investments Limited, as a body, in this report in accordance with ICAEW
Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to
anyone other than Right Choice Investments Limited and its Board of Directors as a body for our work or for this
report.
It is your duty to ensure that Right Choice Investments Limited has kept adequate accounting records to prepare
statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Right Choice
Investments Limited. You consider that Right Choice Investments Limited is exempt from the statutory audit
requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Right Choice Investments Limited.
For this reason, we have not verified the accuracy or completeness of the accounting records or information and
explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Turnbull & Co Accountants Limited
Chartered Accountants
Pilgrim House
Oxford Place
Plymouth
PL1 5AJ
Date:
13 September 2022
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6
For the year ended 31 December 2021
Right Choice Investments Limited
Income Statement
2020
£
2021
£
Turnover
-
-
-
Gross profit
-
Administrative expenses
(583)
(1,240)
Operating loss
(583)
(1,240)
(583)
(1,240)
Loss before taxation
(583)
Loss for the financial year
(1,240)
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Registered Number :
12312182
As at 31 December 2021
Right Choice Investments Limited
Statement of Financial Position
£
£
2020
2021
Notes
Fixed assets
Financial assets
60,000
60,000
2
60,000
60,000
Current assets
Trade and other receivables
936
-
3
-
936
Trade and other payables: amounts falling due within one
year
(61,240)
(60,887)
4
(60,304)
(60,887)
Net current liabilities
Total assets less current liabilities
(887)
(304)
(887)
Net liabilities
(304)
Capital and reserves
Called up share capital
936
936
Retained earnings
(1,823)
(1,240)
(887)
(304)
Shareholders' funds
For the year ended 31 December 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 of its financial statements for the year ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
b) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Section
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
D J Joseph
These financial statements were approved and authorised for issue by the Board on 13 September 2022 and were signed by:
The notes form part of these financial statements
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For the year ended 31 December 2021
Right Choice Investments Limited
Statement of Changes in Equity
Share Capital
Retained
earnings
Total
£
£
£
Balance at 13 November 2019
-
-
-
Share issue during the period
936
936
(1,240)
(1,240)
Loss for the period
Balance at 31 December 2020 and 01 January 2021
(304)
(1,240)
936
(583)
(583)
Loss for the year
Balance at 31 December 2021
936
(1,823)
(887)
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For the year ended 31 December 2021
Right Choice Investments Limited
Notes to the Financial Statements
Statutory Information
Right Choice Investments Limited is a private limited company, limited by shares, domiciled in England and Wales,
registration number 12312182.
Registered address:
St James House
27 - 43 Eastern Road
Romford
Essex
RM1 3NH
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention.
2. Investments held as fixed assets
Other investments
Total
At 01 January 2021
60,000
60,000
Cost
£
£
At 31 December 2021
60,000
60,000
At 31 December 2021
Net book value
60,000
60,000
At 01 January 2021
60,000
60,000
The investments is a holding of 2,500 1p ordinary shares in Vertical Financial Services Limited, a company
registered in Engalnd and Wales.
3. Trade and other receivables
2020
2021
£
£
Other debtors
-
936
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For the year ended 31 December 2021
Right Choice Investments Limited
Notes to the Financial Statements Continued
4. Trade and other payables: amounts falling due within one year
2020
2021
£
£
Other creditors
60,887
61,240
5. Related party transactions
The company is under the effective control of its directors.
6. Average number of persons employed
During the year the average number of employees was 3 (2020 : 3)
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