0 false false false false false false false false false true false false false false false false No description of principal activity 2022-02-01 Sage Accounts Production Advanced 2021 - FRS102_2021 3,601 3,601 3,601 xbrli:pure xbrli:shares iso4217:GBP 13571401 2022-02-01 2023-01-31 13571401 2023-01-31 13571401 2022-01-31 13571401 2022-01-31 13571401 bus:OrdinaryShareClass1 2022-02-01 2023-01-31 13571401 bus:Director1 2022-02-01 2023-01-31 13571401 core:WithinOneYear 2023-01-31 13571401 core:WithinOneYear 2022-01-31 13571401 core:LandBuildings core:LongLeaseholdAssets 2022-01-31 13571401 core:LandBuildings core:ShortLeaseholdAssets 2022-01-31 13571401 core:LandBuildings core:LongLeaseholdAssets 2023-01-31 13571401 core:LandBuildings core:ShortLeaseholdAssets 2023-01-31 13571401 core:ShareCapital 2023-01-31 13571401 core:ShareCapital 2022-01-31 13571401 core:RetainedEarningsAccumulatedLosses 2023-01-31 13571401 core:RetainedEarningsAccumulatedLosses 2022-01-31 13571401 core:LandBuildings core:LongLeaseholdAssets 2022-02-01 2023-01-31 13571401 core:LandBuildings core:ShortLeaseholdAssets 2022-02-01 2023-01-31 13571401 core:CostValuation core:Non-currentFinancialInstruments 2023-01-31 13571401 core:Non-currentFinancialInstruments 2023-01-31 13571401 core:Non-currentFinancialInstruments 2022-01-31 13571401 core:AcceleratedTaxDepreciationDeferredTax 2023-01-31 13571401 core:AcceleratedTaxDepreciationDeferredTax 2022-01-31 13571401 core:LandBuildings core:LongLeaseholdAssets 2022-01-31 13571401 core:LandBuildings core:ShortLeaseholdAssets 2022-01-31 13571401 bus:SmallEntities 2022-02-01 2023-01-31 13571401 bus:AuditExemptWithAccountantsReport 2022-02-01 2023-01-31 13571401 bus:FullAccounts 2022-02-01 2023-01-31 13571401 bus:SmallCompaniesRegimeForAccounts 2022-02-01 2023-01-31 13571401 bus:PrivateLimitedCompanyLtd 2022-02-01 2023-01-31 13571401 bus:OrdinaryShareClass1 2023-01-31 13571401 bus:OrdinaryShareClass1 2022-01-31 13571401 core:TotalPropertyPlantEquipmentOtherThanExplorationEvaluationAssets 2022-02-01 2023-01-31
COMPANY REGISTRATION NUMBER: 13571401
RHODES ASSET HOLDINGS LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
31 January 2023
RHODES ASSET HOLDINGS LIMITED
FINANCIAL STATEMENTS
YEAR ENDED 31 JANUARY 2023
Contents
Pages
Balance sheet 1 to 2
Notes to the financial statements 3 to 5
RHODES ASSET HOLDINGS LIMITED
BALANCE SHEET
31 January 2023
2023
2022
Note
£
£
Fixed assets
Tangible assets
4
409,837
422,327
Investments
5
3,601
3,601
------------
------------
413,438
425,928
Current assets
Debtors
6
194,802
53,164
Cash at bank and in hand
125,968
------------
------------
320,770
53,164
Creditors: amounts falling due within one year
7
( 30,570)
( 6,177)
------------
------------
Net current assets
290,200
46,987
------------
------------
Total assets less current liabilities
703,638
472,915
Provisions
( 1,057)
( 1,099)
------------
------------
Net assets
702,581
471,816
------------
------------
Capital and reserves
Called up share capital
9
1,801
1,801
Profit and loss account
700,780
470,015
------------
------------
Shareholders funds
702,581
471,816
------------
------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.
For the year ending 31 January 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
RHODES ASSET HOLDINGS LIMITED
BALANCE SHEET (continued)
31 January 2023
These financial statements were approved by the board of directors and authorised for issue on 16 October 2023 , and are signed on behalf of the board by:
J H Rhodes
Director
Company registration number: 13571401
RHODES ASSET HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 JANUARY 2023
1. General information
The company is a private company limited by shares, registration number 13571401 and registered in England and Wales. The address of the registered office is Victoria Buildings, Albert Street, Lockwood, Huddersfield, HD1 3PR.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity and rounded to the nearest pound.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover comprises the value of rental income and other recharges receivable excluding value added tax. Income is also received from Ofgem in respect of solar panels. All income is recognised when entitlement has occurred.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost of an asset, less its residual value, over the useful economic life of that asset as follows:
Long leasehold property
-
2% straight line (occupied by group companies)
Solar panels
-
5% straight line
Investments
Investments, represented by shares in group undertakings, are initially recognised at cost, and subsequently stated at cost less any accumulated impairment losses.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the balance sheet and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. Tangible assets
Long leasehold property
Solar panels
Total
£
£
£
Cost
At 1 February 2022 and 31 January 2023
584,155
58,950
643,105
------------
------------
------------
Depreciation
At 1 February 2022
190,834
29,944
220,778
Charge for the year
9,542
2,948
12,490
------------
------------
------------
At 31 January 2023
200,376
32,892
233,268
------------
------------
------------
Carrying amount
At 31 January 2023
383,779
26,058
409,837
------------
------------
------------
At 31 January 2022
393,321
29,006
422,327
------------
------------
------------
5. Investments
Shares in group undertakings
£
Cost
At 1 February 2022 and 31 January 2023
3,601
------------
Impairment
At 1 February 2022 and 31 January 2023
------------
Carrying amount
At 31 January 2023
3,601
------------
At 31 January 2022
3,601
------------
6. Debtors
2023
2022
£
£
Trade debtors
1,886
Amounts owed by group undertakings
25,705
22,406
Other debtors
167,211
30,758
------------
------------
194,802
53,164
------------
------------
7. Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
4,020
Accruals and deferred income
1,500
1,500
Corporation tax
25,050
4,677
------------
------------
30,570
6,177
------------
------------
8. Deferred tax
The deferred tax included in the balance sheet is as follows:
2023
2022
£
£
Included in provisions
1,057
1,099
------------
------------
The deferred tax account consists of the tax effect of timing differences in respect of:
2023
2022
£
£
Accelerated capital allowances
1,057
1,099
------------
------------
9. Called up share capital
Issued, called up and fully paid
2023
2022
No.
£
No.
£
A Ordinary shares of £ 0.01 each
180,050
1,801
180,050
1,801
------------
------------
------------
------------