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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
Page
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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
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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
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Rooms by Che Ltd Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
- 
820 
Investment property
295,000 
285,000 
295,000 
285,820 
Current assets
Debtors
945 
- 
Cash at bank and in hand
1,739 
5,204 
2,684 
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)
Net assets
65,024 
62,205 
Capital and reserves
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
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Rooms by Che Ltd Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
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.
3
Accounting policies
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.
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.
Investment property
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
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Rooms by Che Ltd Notes to the Accounts for the year ended 29 February 2024
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 March 2023
3,282 
At 29 February 2024
3,282 
Depreciation
At 1 March 2023
2,462 
Charge for the year
820 
At 29 February 2024
3,282 
Net book value
At 29 February 2024
- 
At 28 February 2023
820 
5
Investment property
2024 
£ 
Fair value at 1 March 2023
285,000 
Net gain from fair value adjustments
10,000 
At 29 February 2024
295,000 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
945 
- 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Loans from directors
42,103 
39,996 
Accruals
2,132 
737 
Deferred income
- 
1,761 
44,235 
42,494 
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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 
Other creditors
3,000 
- 
188,425 
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).
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