Company Registration No. 10017540 (England and Wales)
Rooms by Che Ltd
Unaudited accounts
for the year ended 29 February 2024
Rooms by Che Ltd
Unaudited accounts
Contents
Rooms by Che Ltd
Company Information
for the year ended 29 February 2024
Directors
Mark Paul Bowen
Techie Bowen
Company Number
10017540 (England and Wales)
Registered Office
5 Falcon Mews
Morley
Leeds
West Yorkshire
LS27 8UP
United Kingdom
Accountants
RAE Business Services (Yorkshire) Limited
First Floor
85 Great Portland Street
London
W1W 7LT
Rooms by Che Ltd
Accountants' report
Accountants' report to the board of directors of Rooms by Che Ltd on the preparation of the unaudited statutory accounts for the year ended 29 February 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Rooms by Che Ltd for the year ended
29 February 2024 as set out on pages
5 -
8 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Rooms by Che Ltd, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Rooms by Che Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Rooms by Che Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Rooms by Che Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Rooms by Che Ltd. You consider that Rooms by Che Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Rooms by Che Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
RAE Business Services (Yorkshire) Limited
First Floor
85 Great Portland Street
London
W1W 7LT
30 July 2024
Rooms by Che Ltd
Statement of financial position
as at 29 February 2024
Investment property
295,000
285,000
Cash at bank and in hand
1,739
5,204
Creditors: amounts falling due within one year
(44,235)
(42,494)
Net current liabilities
(41,551)
(37,290)
Total assets less current liabilities
253,449
248,530
Creditors: amounts falling due after more than one year
(188,425)
(186,325)
Called up share capital
2
2
Revaluation reserve
98,694
88,694
Profit and loss account
(33,672)
(26,491)
Shareholders' funds
65,024
62,205
For the year ending 29 February 2024 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 13 August 2024 and were signed on its behalf by
Techie Bowen
Director
Company Registration No. 10017540
Rooms by Che Ltd
Notes to the Accounts
for the year ended 29 February 2024
Rooms by Che Ltd is a private company, limited by shares, registered in England and Wales, registration number 10017540. The registered office is 5 Falcon Mews, Morley, Leeds, West Yorkshire, LS27 8UP, United Kingdom.
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 as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
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:
Computer Equipment 33% at cost
Rooms by Che Ltd
Notes to the Accounts
for the year ended 29 February 2024
4
Tangible fixed assets
Computer equipment
Fair value at 1 March 2023
285,000
Net gain from fair value adjustments
10,000
At 29 February 2024
295,000
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2024
2023
Loans from directors
42,103
39,996
Rooms by Che Ltd
Notes to the Accounts
for the year ended 29 February 2024
8
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
185,425
186,325
Aggregate of amounts that fall due for payment after five years
185,425
183,625
In May 2020, the company received a Bounce Back Loan of £4,000, which is a 100% UK Government backed loan.
Under the terms of the loan, the fees and interest incurred in the first 12 months are settled on behalf of the company by the UK Government.
After the first 12 months, an interest rate of 2.5% is applicable. The initial length of the loan is for six years, with an option to extend to ten years under the Bounce Back Loan Scheme.
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).