IRIS Accounts Production v23.4.0.336 05129560 Board of Directors 1.6.22 31.5.23 31.5.23 0 0 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh051295602022-05-31051295602023-05-31051295602022-06-012023-05-31051295602021-05-31051295602021-06-012022-05-31051295602022-05-3105129560ns15:EnglandWales2022-06-012023-05-3105129560ns14:PoundSterling2022-06-012023-05-3105129560ns10:Director12022-06-012023-05-3105129560ns10:PrivateLimitedCompanyLtd2022-06-012023-05-3105129560ns10:SmallEntities2022-06-012023-05-3105129560ns10:AuditExempt-NoAccountantsReport2022-06-012023-05-3105129560ns10:SmallCompaniesRegimeForDirectorsReport2022-06-012023-05-3105129560ns10:SmallCompaniesRegimeForAccounts2022-06-012023-05-3105129560ns10:FullAccounts2022-06-012023-05-3105129560ns10:Director22022-06-012023-05-3105129560ns10:RegisteredOffice2022-06-012023-05-3105129560ns5:CurrentFinancialInstruments2023-05-3105129560ns5:CurrentFinancialInstruments2022-05-3105129560ns5:Non-currentFinancialInstruments2023-05-3105129560ns5:Non-currentFinancialInstruments2022-05-3105129560ns5:ShareCapital2023-05-3105129560ns5:ShareCapital2022-05-3105129560ns5:FurtherSpecificReserve3ComponentTotalEquity2023-05-3105129560ns5:FurtherSpecificReserve3ComponentTotalEquity2022-05-3105129560ns5:RetainedEarningsAccumulatedLosses2023-05-3105129560ns5:RetainedEarningsAccumulatedLosses2022-05-3105129560ns5:PlantMachinery2022-05-3105129560ns5:PlantMachinery2022-06-012023-05-3105129560ns5:PlantMachinery2023-05-3105129560ns5:PlantMachinery2022-05-3105129560ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-05-3105129560ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-05-3105129560ns5:FurtherSpecificReserve3ComponentTotalEquity2022-05-31051295601ns10:Director12022-05-31051295601ns10:Director12021-05-31051295601ns10:Director12022-06-012023-05-31051295601ns10:Director12021-06-012022-05-31051295601ns10:Director12023-05-31051295601ns10:Director12022-05-31
REGISTERED NUMBER: 05129560 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2023

FOR

RISHILOK LIMITED

RISHILOK LIMITED (REGISTERED NUMBER: 05129560)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


RISHILOK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2023







DIRECTORS: Mr A Sennik
Mr C Sennik





REGISTERED OFFICE: 60 Moreland Drive
Gerrards Cross
Buckinghamshire
SL6 8BE





REGISTERED NUMBER: 05129560 (England and Wales)





ACCOUNTANTS: David Simon Limited
Chartered Certified Accountants
5 Jardine House
Harrovian Business Village
Bessborough Road
Harrow
Middlesex
HA1 3EX

RISHILOK LIMITED (REGISTERED NUMBER: 05129560)

STATEMENT OF FINANCIAL POSITION
31 MAY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 85 172
Investment property 5 290,000 290,000
290,085 290,172

CURRENT ASSETS
Debtors 6 22,078 24,531
Cash at bank and in hand 332 565
22,410 25,096
CREDITORS
Amounts falling due within one year 7 4,439 4,488
NET CURRENT ASSETS 17,971 20,608
TOTAL ASSETS LESS CURRENT
LIABILITIES

308,056

310,780

CREDITORS
Amounts falling due after more than one
year

8

(173,005

)

(173,005

)

PROVISIONS FOR LIABILITIES (2,568 ) (2,568 )
NET ASSETS 132,483 135,207

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 10 83,232 83,232
Retained earnings 49,151 51,875
SHAREHOLDERS' FUNDS 132,483 135,207

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

RISHILOK LIMITED (REGISTERED NUMBER: 05129560)

STATEMENT OF FINANCIAL POSITION - continued
31 MAY 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 Board of Directors and authorised for issue on 29 February 2024 and were signed on its behalf by:





Mr A Sennik - Director


RISHILOK LIMITED (REGISTERED NUMBER: 05129560)

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

1. STATUTORY INFORMATION

Rishilok 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 NIL (2022 - NIL).

RISHILOK LIMITED (REGISTERED NUMBER: 05129560)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2022
and 31 May 2023 259
DEPRECIATION
At 1 June 2022 87
Charge for year 87
At 31 May 2023 174
NET BOOK VALUE
At 31 May 2023 85
At 31 May 2022 172

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2022
and 31 May 2023 290,000
NET BOOK VALUE
At 31 May 2023 290,000
At 31 May 2022 290,000

Fair value at 31 May 2023 is represented by:
£   
Valuation in 2019 85,800
Cost 204,200
290,000

If investment property had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 204,200 204,200

Investment property was valued on an open market basis on 31 May 2023 by the director .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 6,220 11,000
Other debtors 15,858 13,531
22,078 24,531

RISHILOK LIMITED (REGISTERED NUMBER: 05129560)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors - 810
Taxation and social security 947 947
Other creditors 3,492 2,731
4,439 4,488

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 173,005 173,005

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 173,005 173,005

9. SECURED DEBTS

The bank loan is secured by way of a fixed and floating charge over the assets of the company.

10. RESERVES
Fair
value
reserve
£   
At 1 June 2022
and 31 May 2023 83,232

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2023 and 31 May 2022:

2023 2022
£    £   
Mr A Sennik
Balance outstanding at start of year 12,902 -
Amounts advanced 1,614 12,902
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 14,516 12,902

The director's overdrawn loan account was repaid within 9 months after the year end.