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RL HOMES LTD

Unaudited Financial Statements

for the Year Ended 29th January 2023






RL HOMES LTD (REGISTERED NUMBER: 10597464)






Contents of the Financial Statements
for the year ended 29th January 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RL HOMES LTD

Company Information
for the year ended 29th January 2023







DIRECTOR: R Little





REGISTERED OFFICE: 11-13 Victoria Street
Liverpool
L2 5QQ





REGISTERED NUMBER: 10597464 (England and Wales)






RL HOMES LTD (REGISTERED NUMBER: 10597464)

Balance Sheet
29th January 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 4 1 -

CURRENT ASSETS
Stocks - 628,975
Debtors 5 709,312 -
Cash at bank 5,899 1,585
715,211 630,560
CREDITORS
Amounts falling due within one year 6 759,492 671,775
NET CURRENT LIABILITIES (44,281 ) (41,215 )
TOTAL ASSETS LESS CURRENT LIABILITIES (44,280 ) (41,215 )

CREDITORS
Amounts falling due after more than one
year

7

40,764

39,526
NET LIABILITIES (85,044 ) (80,741 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (85,045 ) (80,742 )
SHAREHOLDERS' FUNDS (85,044 ) (80,741 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29th January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 29th January 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

RL HOMES LTD (REGISTERED NUMBER: 10597464)

Balance Sheet - continued
29th January 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 27th October 2023 and were signed by:





R Little - Director


RL HOMES LTD (REGISTERED NUMBER: 10597464)

Notes to the Financial Statements
for the year ended 29th January 2023

1. STATUTORY INFORMATION

RL Homes Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors and loans from banks and other third parties.

Debtors
Short term debtors are measured at transaction price, less any impairment.

Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

Creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including loans, are measured initially at fair value, net of transaction costs.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


RL HOMES LTD (REGISTERED NUMBER: 10597464)

Notes to the Financial Statements - continued
for the year ended 29th January 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
Additions 1
At 29th January 2023 1
NET BOOK VALUE
At 29th January 2023 1

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings 701,469 -
Other debtors 7,843 -
709,312 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Other creditors 749,492 661,775
759,492 671,775

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 40,764 39,526

RL HOMES LTD (REGISTERED NUMBER: 10597464)

Notes to the Financial Statements - continued
for the year ended 29th January 2023

8. RELATED PARTY DISCLOSURES

Included in other creditors is an amount of £119,283 owed to R Little, the director of the company.

Included in debtors is an amount of £701,469 owed to Walkden Row Ltd, a company owned by RL Homes Ltd.

Land of £636,726 was transferred from RL Homes Ltd to Walkden Row Ltd during the year.

Included in other creditors is an amount of £9,882 owed to Highbury Bloom Ltd, a company of which R Little is also a director/shareholder.