Registered number
07832429
RHG Trading Ltd
Unaudited Filleted Accounts
31 December 2023
RHG Trading Ltd
Registered number: 07832429
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 252 663
Investments 4 780,000 730,000
780,252 730,663
Current assets
Stocks 7,021 7,835
Debtors 5 167 892
Cash at bank and in hand 27,587 52,304
34,775 61,031
Creditors: amounts falling due within one year 6 (29,317) (24,609)
Net current assets 5,458 36,422
Total assets less current liabilities 785,710 767,085
Creditors: amounts falling due after more than one year 7 (395,929) (433,928)
Provisions for liabilities (44,909) (35,565)
Net assets 344,872 297,592
Capital and reserves
Called up share capital 99 99
Profit and loss account 344,773 297,493
Shareholder's funds 344,872 297,592
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her 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.
Ms E Hawkins
Director
Approved by the board on 1 March 2024
RHG Trading Ltd
Notes to the Accounts
for the year ended 31 December 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). The financial statements are presented in sterling which is the functional currency of the company and are rounded to the nearest £.
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. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
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:
Plant and machinery 25% straight line
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable and payable within one year are recorded at transaction price. Any losses from impairment are recognised in the profit and loss account in other administrative expenses.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2023 5,363
At 31 December 2023 5,363
Depreciation
At 1 January 2023 4,700
Charge for the year 411
At 31 December 2023 5,111
Net book value
At 31 December 2023 252
At 31 December 2022 663
4 Investments
investments
£
Fair value
At 1 January 2023 730,000
Revaluation 50,000
At 31 December 2023 780,000
Historical cost
At 1 January 2023 544,144
At 31 December 2023 544,144
Investment properties are carried at fair value with gains/losses recognised in the profit and loss account. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Investment properties' fair value could be measured reliably without undue cost or effort. At the year end the Director, Ms E Hawkins, has assessed the fair value of properties and this is reflected in the cumulative carring amount.
5 Debtors 2023 2022
£ £
Trade debtors 167 892
6 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 8,090 7,689
Trade creditors 107 -
Taxation and social security costs 10,563 6,443
Other creditors 10,557 10,477
29,317 24,609
7 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 159,018 167,858
Other creditors 236,911 266,070
395,929 433,928
8 Loans 2023 2022
£ £
Creditors include:
Amounts payable otherwise than by instalment falling due for payment after more than five years 132,368 142,528
Secured bank loans 167,108 175,547
The above loans are secured via fixed and floating charges over the company's investment properties.
9 Other information
RHG Trading Ltd is a private company limited by shares and incorporated in England. Its registered office is:
5 Providence Court
Pynes Hill
Exeter
Devon
EX2 5JL
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