Caseware UK (AP4) 2023.0.135 2023.0.135 2023-04-01false22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09338944 2023-04-01 2024-03-31 09338944 2024-03-31 09338944 2022-04-01 2023-03-31 09338944 2023-03-31 09338944 c:Director1 2023-04-01 2024-03-31 09338944 c:Director2 2023-04-01 2024-03-31 09338944 d:Buildings 2023-04-01 2024-03-31 09338944 d:Buildings 2024-03-31 09338944 d:Buildings 2023-03-31 09338944 d:Buildings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 09338944 d:FurnitureFittings 2023-04-01 2024-03-31 09338944 d:FurnitureFittings 2024-03-31 09338944 d:FurnitureFittings 2023-03-31 09338944 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 09338944 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 09338944 d:CurrentFinancialInstruments 2024-03-31 09338944 d:CurrentFinancialInstruments 2023-03-31 09338944 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 09338944 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 09338944 d:ShareCapital 2024-03-31 09338944 d:ShareCapital 2023-03-31 09338944 d:RetainedEarningsAccumulatedLosses 2024-03-31 09338944 d:RetainedEarningsAccumulatedLosses 2023-03-31 09338944 c:FRS102 2023-04-01 2024-03-31 09338944 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 09338944 c:FullAccounts 2023-04-01 2024-03-31 09338944 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 09338944 6 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure
Registered number: 09338944













R & R Smile Limited

Financial statements
Information for filing with the registrar

31 March 2024




 
R & R Smile Limited


Balance sheet
At 31 March 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
517,784
517,999

Fixed asset investments
  
788,178
788,178

  
1,305,962
1,306,177

Current assets
  

Debtors
 6 
586
581

Cash at bank and in hand
  
18,862
18,892

  
19,448
19,473

Creditors: amounts falling due within one year
 7 
(805,177)
(799,377)

Net current liabilities
  
 
 
(785,729)
 
 
(779,904)

Total assets less current liabilities
  
520,233
526,273

Provisions for liabilities
  

Deferred tax
  
-
(215)

Net assets
  
520,233
526,058


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
520,133
525,958

Shareholders' funds
  
520,233
526,058


1

 
R & R Smile Limited

    
Balance sheet (continued)
At 31 March 2024

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 25 July 2024.




Rachna Dattani
Rishi Jayant Dattani
Director
Director

Registered number: 09338944
The notes on pages 3 to 7 form part of these financial statements. 

2

 
R & R Smile Limited
 
 

Notes to the financial statements
Year ended 31 March 2024

1.


General information

R & R Smile Limited ('the company') is a private company limited by shares, incorporated and domiciled in the United Kingdom and registered in England and Wales. The address of the registered office is 52 Cedar Drive, Pinner, Middlesex, HA5 4DE.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Turnover represents the value of rental income received during the period.

 
2.3

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

3

 
R & R Smile Limited
 

 
Notes to the financial statements
Year ended 31 March 2024

2.Accounting policies (continued)


2.4
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.

Depreciation is provided on the following basis:

Freehold property
-
No depreciation
Fixtures and fittings
-
25% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the statement of comprehensive income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.6

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.7

Financial instruments

The company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are
4

 
R & R Smile Limited
 

 
Notes to the financial statements
Year ended 31 March 2024

2.Accounting policies (continued)


2.7
Financial instruments (continued)

initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Other financial assets

Other financial assets, which includes investments in equity instruments which are not classified as subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the recognised transaction price. Such assets are subsequently measured at fair value with the changes in fair value being recognised in the profit or loss. Where other financial assets are not publicly traded, hence their fair value cannot be measured reliably, they are measured at cost less impairment.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

5

 
R & R Smile Limited
 
 

Notes to the financial statements
Year ended 31 March 2024

4.


Tangible fixed assets





Property
Fixtures and fittings
Total

£
£
£



Cost


At 1 April 2023
517,140
1,365
518,505



At 31 March 2024

517,140
1,365
518,505



Depreciation


At 1 April 2023
-
506
506


Charge for the year
-
215
215



At 31 March 2024

-
721
721



Net book value



At 31 March 2024
517,140
644
517,784



At 31 March 2023
517,140
859
517,999


5.


Investments





Shares in group undertaking

£



Cost or valuation


At 1 April 2023
788,178



At 31 March 2024
788,178





6.


Debtors

2024
2023
£
£


Prepayments and accrued income
586
581

586
581


6

 
R & R Smile Limited
 
 

Notes to the financial statements
Year ended 31 March 2024

7.


Creditors: amounts falling due within one year

2024
2023
£
£

Trade creditors
9
9

Amounts owed to group undertakings
349,846
349,846

Corporation tax
-
386

Other creditors
447,534
447,534

Accruals and deferred income
7,788
1,602

805,177
799,377



8.


Related party transactions

During the year, the company operated on normal commercial terms with Smile Radiance Limited. The balance due to Smile Radiance Limited at 31 March 2024 was £349,846 (2023: £349,846 due to Smile Radiance Limited).

 
7