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Company Registration No. 12449725 (England and Wales)
RICH & MI LONDON LTD Unaudited accounts for the year ended 28 February 2023
RICH & MI LONDON LTD Unaudited accounts Contents
Page
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RICH & MI LONDON LTD Company Information for the year ended 28 February 2023
Director
Mr CHAN SOON PARK
Company Number
12449725 (England and Wales)
Registered Office
31 Kingston Road London SW19 1JX England
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RICH & MI LONDON LTD Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
- 
3,363 
Current assets
Debtors
- 
6,300 
Cash at bank and in hand
- 
969 
- 
7,269 
Creditors: amounts falling due within one year
(22,748)
(29,015)
Net current liabilities
(22,748)
(21,746)
Total assets less current liabilities
(22,748)
(18,383)
Creditors: amounts falling due after more than one year
(43,259)
(47,591)
Net liabilities
(66,007)
(65,974)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(66,107)
(66,074)
Shareholders' funds
(66,007)
(65,974)
For the year ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 29 November 2023 and were signed on its behalf by
Mr CHAN SOON PARK Director Company Registration No. 12449725
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RICH & MI LONDON LTD Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
RICH & MI LONDON LTD is a private company, limited by shares, registered in England and Wales, registration number 12449725. The registered office is 31 Kingston Road, London, SW19 1JX, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
These financial statements for the year ended 28 February 2023 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 March 2021. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
10% reducing balance
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 March 2022
3,736 
Disposals
(3,363)
At 28 February 2023
373 
Depreciation
At 1 March 2022
373 
At 28 February 2023
373 
Net book value
At 28 February 2023
- 
At 28 February 2022
3,363 
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RICH & MI LONDON LTD Notes to the Accounts for the year ended 28 February 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
- 
6,300 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Loans from directors
22,748 
29,015 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
43,259 
47,591 
8
Average number of employees
During the year the average number of employees was 0 (2022: 2).
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