Company Registration No. 07692540 (England and Wales)
RRF Developments Ltd
Unaudited accounts
for the year ended 30 November 2023
RRF Developments Ltd
Unaudited accounts
Contents
RRF Developments Ltd
Company Information
for the year ended 30 November 2023
Directors
N J A Howard-Jones
C N Howard-Jones
Company Number
07692540 (England and Wales)
Registered Office
School Master's House
39 College Street
Petersfield
Hampshire
GU31 4AG
Accountants
Newnham & Son Ltd
School Master's House
39 College Street
Petersfield
Hampshire
GU31 4AG
RRF Developments Ltd
Statement of financial position
as at 30 November 2023
Tangible assets
15,637
20,849
Inventories
480,315
480,315
Cash at bank and in hand
91,424
474,216
Creditors: amounts falling due within one year
(5,477)
(4,248)
Net current assets
566,262
1,275,566
Total assets less current liabilities
581,899
1,296,415
Provisions for liabilities
Deferred tax
(2,971)
(3,961)
Net assets
578,928
1,292,454
Called up share capital
1
1
Profit and loss account
578,927
1,292,453
Shareholders' funds
578,928
1,292,454
For the year 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 directors acknowledge their 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 of Directors and authorised for issue on 8 April 2024 and were signed on its behalf by
N J A Howard-Jones
Director
Company Registration No. 07692540
RRF Developments Ltd
Notes to the Accounts
for the year ended 30 November 2023
RRF Developments Ltd is a private company, limited by shares, registered in England and Wales, registration number 07692540. The registered office is School Master's House, 39 College Street, Petersfield, Hampshire, GU31 4AG.
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention.
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:
Plant & machinery
25% reducing balance
Computer equipment
25% reducing balance
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.
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 December 2022
40,325
12,761
53,086
At 30 November 2023
40,325
12,761
53,086
At 1 December 2022
25,961
6,276
32,237
Charge for the year
3,591
1,621
5,212
At 30 November 2023
29,552
7,897
37,449
At 30 November 2023
10,773
4,864
15,637
At 30 November 2022
14,364
6,485
20,849
RRF Developments Ltd
Notes to the Accounts
for the year ended 30 November 2023
Amounts falling due within one year
Amounts due from group undertakings etc.
-
325,283
6
Creditors: amounts falling due within one year
2023
2022
Loans from directors
1,035
312
7
Transactions with related parties
Management fees of £100,000 (2022 - £100,000) were paid to the parent company during the year.
The company is wholly owned by NHJ Limited, a company registered in England.
9
Average number of employees
During the year the average number of employees was 3 (2022: 3).