Company Registration No. 10103634 (England and Wales)
REHOBOTH PROPERTIES (UK) LIMITED
Unaudited accounts
for the year ended 31 December 2022
REHOBOTH PROPERTIES (UK) LIMITED
Unaudited accounts
Contents
REHOBOTH PROPERTIES (UK) LIMITED
Company Information
for the year ended 31 December 2022
Directors
Gideon Ayiku AKROFI
Eric DJAN
Company Number
10103634 (England and Wales)
REHOBOTH PROPERTIES (UK) LIMITED
Statement of financial position
as at 31 December 2022
Tangible assets
4,431
5,907
Cash at bank and in hand
(17,701)
48,925
Creditors: amounts falling due within one year
(397,199)
(446,125)
Net current liabilities
(276,636)
(284,641)
Total assets less current liabilities
(272,105)
(278,634)
Creditors: amounts falling due after more than one year
(25,000)
(35,935)
Net liabilities
(297,105)
(314,569)
Called up share capital
1
1
Profit and loss account
(297,106)
(314,570)
Shareholders' funds
(297,105)
(314,569)
For the year ending 31 December 2022 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 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 30 September 2023 and were signed on its behalf by
Eric DJAN
Director
Company Registration No. 10103634
REHOBOTH PROPERTIES (UK) LIMITED
Notes to the Accounts
for the year ended 31 December 2022
REHOBOTH PROPERTIES (UK) LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10103634.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
Straight line over the length of the lease
Motor vehicles
25% reducing balance
Fixtures & fittings
25% straight line
Computer equipment
25% straight line
Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.
A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.
REHOBOTH PROPERTIES (UK) LIMITED
Notes to the Accounts
for the year ended 31 December 2022
4
Tangible fixed assets
Land & buildings
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 January 2022
64,230
21,589
2,385
23,049
111,253
At 31 December 2022
64,230
21,589
2,385
23,049
111,253
At 1 January 2022
64,229
15,686
2,383
23,048
105,346
Charge for the year
-
1,476
-
-
1,476
At 31 December 2022
64,229
17,162
2,383
23,048
106,822
At 31 December 2022
1
4,427
2
1
4,431
At 31 December 2021
1
5,903
2
1
5,907
5
Investments
Subsidiary undertakings
Valuation at 1 January 2022
100
Valuation at 31 December 2022
100
Amounts falling due within one year
Amounts due from group undertakings etc.
58,104
50,671
7
Creditors: amounts falling due within one year
2022
2021
Bank loans and overdrafts
10,000
10,000
Obligations under finance leases and hire purchase contracts
-
4,013
Trade creditors
9,450
34,133
Amounts owed to group undertakings and other participating interests
133,140
195,530
Taxes and social security
7,514
17,260
Other creditors
42,752
44,307
Loans from directors
177,643
124,082
8
Creditors: amounts falling due after more than one year
2022
2021
REHOBOTH PROPERTIES (UK) LIMITED
Notes to the Accounts
for the year ended 31 December 2022
9
Operating lease commitments
2022
2021
At 31 December 2022 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
-
15,339
10
Average number of employees
During the year the average number of employees was 6 (2021: 5).