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Company Registration No. 14510785 (England and Wales)
Rhema Ltd Unaudited accounts for the period from 28 November 2022 to 30 November 2023
Rhema Ltd Unaudited accounts Contents
Page
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Rhema Ltd Company Information for the period from 28 November 2022 to 30 November 2023
Director
Angelina OWUSU
Company Number
14510785 (England and Wales)
Registered Office
75a Carnarvon Road London London E15 4JW England
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Rhema Ltd Statement of financial position as at 30 November 2023
2023 
Notes
£ 
Fixed assets
Tangible assets
2,840 
Current assets
Cash at bank and in hand
24,395 
Creditors: amounts falling due within one year
(24,934)
Net current liabilities
(539)
Net assets
2,301 
Capital and reserves
Called up share capital
1 
Profit and loss account
2,300 
Shareholders' funds
2,301 
For the period ending 30 November 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 9 April 2024 and were signed on its behalf by
Angelina OWUSU Director Company Registration No. 14510785
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Rhema Ltd Notes to the Accounts for the period from 28 November 2022 to 30 November 2023
1
Statutory information
Rhema Ltd is a private company, limited by shares, registered in England and Wales, registration number 14510785. The registered office is 75a Carnarvon Road, London, London, E15 4JW, 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 period from 28 November 2022 to 30 November 2023 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 28 November 2022. 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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Plant & machinery
20% Reducing Balance Method
Computer equipment
20% Reducing Balance Method
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Rhema Ltd Notes to the Accounts for the period from 28 November 2022 to 30 November 2023
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 28 November 2022
- 
- 
- 
Additions
1,294 
2,256 
3,550 
At 30 November 2023
1,294 
2,256 
3,550 
Depreciation
Charge for the period
259 
451 
710 
At 30 November 2023
259 
451 
710 
Net book value
At 30 November 2023
1,035 
1,805 
2,840 
5
Creditors: amounts falling due within one year
2023 
£ 
Taxes and social security
706 
Loans from directors
24,228 
24,934 
6
Average number of employees
During the period the average number of employees was 0.
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