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REGISTERED NUMBER: 12408753 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 August 2023

for

R H Austin Limited

R H Austin Limited (Registered number: 12408753)






Contents of the Financial Statements
for the Year Ended 31 August 2023




Page

Balance Sheet 1

Notes to the Financial Statements 2


R H Austin Limited (Registered number: 12408753)

Balance Sheet
31 August 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 4 393,546 393,546

CURRENT ASSETS
Debtors 5 42,911 83,180
Cash at bank 386,577 140,492
429,488 223,672
CREDITORS
Amounts falling due within one year 6 17,500 23,000
NET CURRENT ASSETS 411,988 200,672
TOTAL ASSETS LESS CURRENT LIABILITIES 805,534 594,218

CREDITORS
Amounts falling due after more than one year 7 200,000 200,000
NET ASSETS 605,534 394,218

CAPITAL AND RESERVES
Called up share capital 101 101
Retained earnings 605,433 394,117
SHAREHOLDERS' FUNDS 605,534 394,218

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

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

The director acknowledges his 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.

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 Profit & Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 January 2024 and were signed by:





Mr Richard Howard Austin - Director


R H Austin Limited (Registered number: 12408753)

Notes to the Financial Statements
for the Year Ended 31 August 2023

1. STATUTORY INFORMATION

R H Austin Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 12408753

Registered office: Unit G4-G5 Bellringer Road
Trentham Business Quarter
Stoke-On-Trent
ST4 8GB

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.

Preparation of consolidated financial statements
The financial statements contain information about R H Austin Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 1 (2022 - 1 ) .

R H Austin Limited (Registered number: 12408753)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 September 2022
and 31 August 2023 393,546
NET BOOK VALUE
At 31 August 2023 393,546
At 31 August 2022 393,546

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings 37,911 78,180
Other debtors 5,000 5,000
42,911 83,180

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other creditors 17,500 23,000

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Other creditors 200,000 200,000

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
W A Durber investment 200,000 200,000

9. POST BALANCE SHEET EVENTS

20A Shares have been bought back as at 21st December 2023 and the secured W A Durber loan of £200,000 has been settled.