Registered number
11951651
RH Assets Ltd
Filleted Accounts
30 April 2023
RH Assets Ltd
Registered number: 11951651
Balance Sheet
as at 30 April 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 144,250 144,250
Current assets
Cash at bank and in hand 971 1,039
Creditors: amounts falling due within one year 4 (371) -
Net current assets 600 1,039
Total assets less current liabilities 144,850 145,289
Creditors: amounts falling due after more than one year 5 (133,671) (133,807)
Net assets 11,179 11,482
Capital and reserves
Called up share capital 100 100
Revaluation reserve 6 15,500 15,500
Profit and loss account (4,421) (4,118)
Shareholders' funds 11,179 11,482
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Robin Hopwood
Director
Approved by the board on 23 November 2023
RH Assets Ltd
Notes to the Accounts
for the year ended 30 April 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings Held at Market Value
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 May 2022 144,250
At 30 April 2023 144,250
Depreciation
At 30 April 2023 -
Net book value
At 30 April 2023 144,250
At 30 April 2022 144,250
4 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs 371 -
5 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 88,998 88,998
Other creditors 44,673 44,809
133,671 133,807
6 Revaluation reserve 2023 2022
£ £
At 1 May 2022 15,500 15,500
At 30 April 2023 15,500 15,500
7 Other information
RH Assets Ltd is a private company limited by shares and incorporated in England. Its registered office is:
24 Ferrands Park Way
Harden
Bingley
BD16 1HZ
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