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Company No: 11399955 (England and Wales)

RHR PROPERTY (DEVON) LIMITED

Unaudited Financial Statements
For the financial year ended 30 June 2023
Pages for filing with the registrar

RHR PROPERTY (DEVON) LIMITED

Unaudited Financial Statements

For the financial year ended 30 June 2023

Contents

RHR PROPERTY (DEVON) LIMITED

COMPANY INFORMATION

For the financial year ended 30 June 2023
RHR PROPERTY (DEVON) LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 30 June 2023
DIRECTOR Ms J M Horth
REGISTERED OFFICE Centenary House Peninsula Park
Rydon Lane
Exeter
EX2 7XE
United Kingdom
COMPANY NUMBER 11399955 (England and Wales)
CHARTERED ACCOUNTANTS Francis Clark LLP
Centenary House
Peninsula Park
Rydon Lane
Exeter
Devon EX2 7XE
RHR PROPERTY (DEVON) LIMITED

BALANCE SHEET

As at 30 June 2023
RHR PROPERTY (DEVON) LIMITED

BALANCE SHEET (continued)

As at 30 June 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 587 947
Investment property 4 158,082 158,082
158,669 159,029
Current assets
Debtors 5 286,186 305,163
Cash at bank and in hand 22,007 21,247
308,193 326,410
Creditors: amounts falling due within one year 6 ( 364,967) ( 403,644)
Net current liabilities (56,774) (77,234)
Total assets less current liabilities 101,895 81,795
Net assets 101,895 81,795
Capital and reserves
Called-up share capital 7 100 100
Profit and loss account 101,795 81,695
Total shareholder's funds 101,895 81,795

For the financial year ending 30 June 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of RHR Property (Devon) Limited (registered number: 11399955) were approved and authorised for issue by the Director on 10 October 2023. They were signed on its behalf by:

Ms J M Horth
Director
RHR PROPERTY (DEVON) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2023
RHR PROPERTY (DEVON) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

RHR Property (Devon) Limited (the Company) is a private company, limited by shares, incorporated in the England and Wales under the Companies Act 2006 and is registered in England and Wales.

The address of the Company's registered office:
Centenary House
Peninsula Park
Rydon Lane
Exeter
EX2 7XE

The principal place of business is:
Farthings
Gosford
Ottery St Mary
EX11 1LX

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006. The financial statements are presented in pounds sterling which is the functional currency of the company and rounded to the nearest £.

Turnover

Turnover comprises the fair value of rental income receivable in the ordinary course of the company's activities. The company recognises revenue in the period to which it relates with accrued and deferred income being adjusted as necessary.

Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Office equipment 5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Tangible assets

Office equipment Total
£ £
Cost
At 01 July 2022 1,800 1,800
At 30 June 2023 1,800 1,800
Accumulated depreciation
At 01 July 2022 853 853
Charge for the financial year 360 360
At 30 June 2023 1,213 1,213
Net book value
At 30 June 2023 587 587
At 30 June 2022 947 947

4. Investment property

Investment property
£
Valuation
As at 01 July 2022 158,082
As at 30 June 2023 158,082

Valuation

The property was valued at the year end by the director on an open market basis. The fair value was deemed to be materially equal to the existing carrying value.

5. Debtors

2023 2022
£ £
Prepayments 1,186 163
Other debtors 285,000 305,000
286,186 305,163

6. Creditors: amounts falling due within one year

2023 2022
£ £
Taxation and social security 4,800 5,600
Other creditors 360,167 398,044
364,967 403,644

7. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100

8. Related party transactions

Transactions with the entity's director

2023 2022
£ £
Loan due to director, interest free and repayable on demand 358,277 395,461