IRIS Accounts Production v23.3.1.45 01499577 Board of Directors 1.4.22 31.3.23 31.3.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure014995772022-03-31014995772023-03-31014995772022-04-012023-03-31014995772021-03-31014995772021-04-012022-03-31014995772022-03-3101499577ns16:EnglandWales2022-04-012023-03-3101499577ns15:PoundSterling2022-04-012023-03-3101499577ns11:Director12022-04-012023-03-3101499577ns11:PrivateLimitedCompanyLtd2022-04-012023-03-3101499577ns11:SmallEntities2022-04-012023-03-3101499577ns11:AuditExempt-NoAccountantsReport2022-04-012023-03-3101499577ns11:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3101499577ns11:SmallCompaniesRegimeForAccounts2022-04-012023-03-3101499577ns11:FullAccounts2022-04-012023-03-3101499577ns11:Director22022-04-012023-03-3101499577ns11:CompanySecretary12022-04-012023-03-3101499577ns11:RegisteredOffice2022-04-012023-03-3101499577ns6:CurrentFinancialInstruments2023-03-3101499577ns6:CurrentFinancialInstruments2022-03-3101499577ns6:Non-currentFinancialInstruments2023-03-3101499577ns6:Non-currentFinancialInstruments2022-03-3101499577ns6:ShareCapital2023-03-3101499577ns6:ShareCapital2022-03-3101499577ns6:RetainedEarningsAccumulatedLosses2023-03-3101499577ns6:RetainedEarningsAccumulatedLosses2022-03-3101499577ns6:FurnitureFittings2022-03-3101499577ns6:MotorVehicles2022-03-3101499577ns6:ComputerEquipment2022-03-3101499577ns6:FurnitureFittings2022-04-012023-03-3101499577ns6:MotorVehicles2022-04-012023-03-3101499577ns6:ComputerEquipment2022-04-012023-03-3101499577ns6:FurnitureFittings2023-03-3101499577ns6:MotorVehicles2023-03-3101499577ns6:ComputerEquipment2023-03-3101499577ns6:FurnitureFittings2022-03-3101499577ns6:MotorVehicles2022-03-3101499577ns6:ComputerEquipment2022-03-3101499577ns6:MotorVehiclesns6:LeasedAssetsHeldAsLessee2022-03-3101499577ns6:MotorVehiclesns6:LeasedAssetsHeldAsLessee2022-04-012023-03-3101499577ns6:MotorVehiclesns6:LeasedAssetsHeldAsLessee2023-03-3101499577ns6:MotorVehiclesns6:LeasedAssetsHeldAsLessee2022-03-3101499577ns6:WithinOneYearns6:CurrentFinancialInstruments2023-03-3101499577ns6:WithinOneYearns6:CurrentFinancialInstruments2022-03-3101499577ns6:BetweenTwoFiveYearsns6:Non-currentFinancialInstruments2023-03-3101499577ns6:BetweenTwoFiveYearsns6:Non-currentFinancialInstruments2022-03-31
REGISTERED NUMBER: 01499577 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

RLH DEVELOPMENTS LIMITED

RLH DEVELOPMENTS LIMITED (REGISTERED NUMBER: 01499577)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RLH DEVELOPMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: A I Godfree
K D Godfree





SECRETARY: K D Godfree





REGISTERED OFFICE: 3 Coombe Avenue
Croydon
Surrey
CR0 5SD





REGISTERED NUMBER: 01499577 (England and Wales)





ACCOUNTANTS: GBJ Financial Limited
Sterling House
27 Hatchlands Road
Redhill
Surrey
RH1 6RW

RLH DEVELOPMENTS LIMITED (REGISTERED NUMBER: 01499577)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 24,040 29,468

CURRENT ASSETS
Stocks 8,000 34,000
Debtors 5 332,501 287,807
Cash at bank and in hand 32,119 53,364
372,620 375,171
CREDITORS
Amounts falling due within one year 6 342,323 332,085
NET CURRENT ASSETS 30,297 43,086
TOTAL ASSETS LESS CURRENT
LIABILITIES

54,337

72,554

CREDITORS
Amounts falling due after more than one
year

7

31,891

50,429
NET ASSETS 22,446 22,125

CAPITAL AND RESERVES
Called up share capital 20,000 20,000
Retained earnings 2,446 2,125
SHAREHOLDERS' FUNDS 22,446 22,125

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

RLH DEVELOPMENTS LIMITED (REGISTERED NUMBER: 01499577)

BALANCE SHEET - continued
31 MARCH 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 November 2023 and were signed on its behalf by:





K D Godfree - Director


RLH DEVELOPMENTS LIMITED (REGISTERED NUMBER: 01499577)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023


1. STATUTORY INFORMATION

RLH Developments Limited 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 represents net invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery is depreciated at 25% on a reducing balance basis.

Office equipment and computer equipment is depreciated at 25% on a reducing balance basis.

Motor vehicles are depreciated at 25% on a reducing balance basis.


Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2022 - 8 ) .

RLH DEVELOPMENTS LIMITED (REGISTERED NUMBER: 01499577)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


4. TANGIBLE FIXED ASSETS
Office
equipment
and Motor Computer
furniture vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2022 9,965 77,627 21,005 108,597
Additions 1,790 - 861 2,651
At 31 March 2023 11,755 77,627 21,866 111,248
DEPRECIATION
At 1 April 2022 9,570 52,527 17,032 79,129
Charge for year 547 6,324 1,208 8,079
At 31 March 2023 10,117 58,851 18,240 87,208
NET BOOK VALUE
At 31 March 2023 1,638 18,776 3,626 24,040
At 31 March 2022 395 25,100 3,973 29,468

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 April 2022
and 31 March 2023 47,976
DEPRECIATION
At 1 April 2022 32,257
Charge for year 3,979
At 31 March 2023 36,236
NET BOOK VALUE
At 31 March 2023 11,740
At 31 March 2022 15,719

RLH DEVELOPMENTS LIMITED (REGISTERED NUMBER: 01499577)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 319,017 280,921
Other debtors 13,484 6,886
332,501 287,807

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts (see note 8) 37,054 30,846
Hire purchase contracts 3,402 6,258
Trade creditors 88,794 93,710
Taxation and social security 63,334 67,255
Other creditors 149,739 134,016
342,323 332,085

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans (see note 8) 29,746 45,822
Hire purchase contracts 2,145 4,607
31,891 50,429

8. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 19,294 14,166
Bank loans 17,760 16,680
37,054 30,846

Amounts falling due between two and five years:
Bank loans - 2-5 years 29,746 45,822

This is in respect of a bank term loan under the Coronavirus Business Interruption Loan Scheme.
Repayments commenced in June 2021 and is payable over 5 years. Interest is chargeable at a variable rate not less than 2.99%.