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REGISTERED NUMBER: 09960865 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

RMH HOLDINGS (SUSSEX) LIMITED

RMH HOLDINGS (SUSSEX) LIMITED (REGISTERED NUMBER: 09960865)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


RMH HOLDINGS (SUSSEX) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: R J Harris
Mrs M Harris





REGISTERED OFFICE: Pavilion View
19 New Road
Brighton
East Sussex
BN1 1EY





REGISTERED NUMBER: 09960865 (England and Wales)





ACCOUNTANTS: Hartley Fowler LLP
Chartered Accountants
Pavilion View
19 New Road
Brighton
East Sussex
BN1 1EY

RMH HOLDINGS (SUSSEX) LIMITED (REGISTERED NUMBER: 09960865)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,423 12,882
Investment property 5 2,915,915 2,117,442
2,922,338 2,130,324

CURRENT ASSETS
Debtors 6 32,138 672,285
Cash at bank 6,438 17,279
38,576 689,564
CREDITORS
Amounts falling due within one year 7 2,046,748 1,838,747
NET CURRENT LIABILITIES (2,008,172 ) (1,149,183 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

914,166

981,141

CAPITAL AND RESERVES
Called up share capital 8 1,080,000 1,080,000
Retained earnings (165,834 ) (98,859 )
SHAREHOLDERS' FUNDS 914,166 981,141

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 September 2024 and were signed on its behalf by:





R J Harris - Director


RMH HOLDINGS (SUSSEX) LIMITED (REGISTERED NUMBER: 09960865)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

RMH Holdings (Sussex) Limited is a private company, limited by shares, incorporated in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

The accounts have been prepared on a going concern basis as the directors have shown a willingness to support the company over the coming twelve months.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 33% on cost
Fixtures and fittings - 33% on cost
Computer equipment - 33% on cost

Tangible fixed assets are stated at cost or valuation less accumulated depreciation and accumulated impairment losses. Cost includes expenditure directly attributable to making the asset capable of operating as intended by management.

Investment property
Investment properties for which fair value can be measured reliably without undue cost or effort are measured at fair value at each reporting date with changes in fair value recognised in profit or loss.

The methods and significant assumptions used to ascertain fair value at the balance sheet date and fair value movement included in the profit for the year are as follows:

Properties are valued by the directors at the balance sheet date. The fair value is determined on an open market valuation basis.

Financial instruments
Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivables or payables within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Loans and borrowings

Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

RMH HOLDINGS (SUSSEX) LIMITED (REGISTERED NUMBER: 09960865)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


2. ACCOUNTING POLICIES - continued

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Turnover
Other income consists of rental income. Income from rental property is recognised for the period that the rent covers.

Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 January 2023
and 31 December 2023 14,507 28,641 1,204 44,352
DEPRECIATION
At 1 January 2023 4,949 25,317 1,204 31,470
Charge for year 3,906 2,553 - 6,459
At 31 December 2023 8,855 27,870 1,204 37,929
NET BOOK VALUE
At 31 December 2023 5,652 771 - 6,423
At 31 December 2022 9,558 3,324 - 12,882

RMH HOLDINGS (SUSSEX) LIMITED (REGISTERED NUMBER: 09960865)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023 2,117,442
Additions 798,473
At 31 December 2023 2,915,915
NET BOOK VALUE
At 31 December 2023 2,915,915
At 31 December 2022 2,117,442

Fair value at 31 December 2023 is represented by:
£   
Valuation in 2017 87,356
Valuation in 2020 (90,000 )
Valuation in 2021 180,000
Valuation in 2022 (47,610 )
Cost 2,786,169
2,915,915

The investment properties were valued on an open market basis on 31 December 2023 by the directors.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Rents receivable 1,261 -
Other debtors 30,877 672,285
32,138 672,285

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors - 156
Taxation and social security 1,111 1,125
Other creditors 2,045,637 1,837,466
2,046,748 1,838,747

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1,080,000 Ordinary £1 1,080,000 1,080,000