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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
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
St James House
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.
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
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. |
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
13 September 2022
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6
For the year ended 31 December 2021
Right Choice Investments Limited
Income Statement
2020
2021
-
-
-
Gross profit
-
(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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7
Right Choice Investments Limited
Statement of Financial Position
2020
2021
60,000
60,000
2
60,000
60,000
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)
936
936
(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. |
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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8
For the year ended 31 December 2021
Right Choice Investments Limited
Statement of Changes in Equity
Share Capital
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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9
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. |
St James House
27 - 43 Eastern Road
Romford
Essex
RM1 3NH
The presentation currency is £ sterling. |
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 |
60,000
60,000
60,000
60,000
60,000
60,000
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
-
936
7 of 8
10
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
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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