Acorah Software Products - Accounts Production 15.0.600 false true true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 11167017 Richard Harry Smith the director true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11167017 2023-01-31 11167017 2024-01-31 11167017 2023-02-01 2024-01-31 11167017 frs-core:CurrentFinancialInstruments 2024-01-31 11167017 frs-core:Non-currentFinancialInstruments 2024-01-31 11167017 frs-core:ShareCapital 2024-01-31 11167017 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 11167017 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 11167017 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 11167017 frs-bus:SmallEntities 2023-02-01 2024-01-31 11167017 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 11167017 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 11167017 1 2023-02-01 2024-01-31 11167017 frs-bus:Director1 2023-02-01 2024-01-31 11167017 frs-countries:EnglandWales 2023-02-01 2024-01-31 11167017 2022-01-31 11167017 2023-01-31 11167017 2022-02-01 2023-01-31 11167017 frs-core:CurrentFinancialInstruments 2023-01-31 11167017 frs-core:Non-currentFinancialInstruments 2023-01-31 11167017 frs-core:ShareCapital 2023-01-31 11167017 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: 11167017
RHS Property Ventures Ltd
Unaudited Financial Statements
For The Year Ended 31 January 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 11167017
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Cash at bank and in hand 76 965
76 965
Creditors: Amounts Falling Due Within One Year 4 (33,716 ) (30,775 )
NET CURRENT ASSETS (LIABILITIES) (33,640 ) (29,810 )
TOTAL ASSETS LESS CURRENT LIABILITIES (33,640 ) (29,810 )
Creditors: Amounts Falling Due After More Than One Year 5 (39,699 ) (39,693 )
NET LIABILITIES (73,339 ) (69,503 )
CAPITAL AND RESERVES
Called up share capital 6 100 100
Profit and Loss Account (73,439 ) (69,603 )
SHAREHOLDERS' FUNDS (73,339) (69,503)
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Richard Harry Smith
Director
27 September 2024
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
RHS Property Ventures Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11167017 . The registered office is 809 Salisbury House, 29 Finsbury Circus, London, EC2M 7AQ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern. The directors believe that the company would have sufficient resources to continue to trade for foreseeable future.
2.3. Turnover
Revenue is recognised to the extent that the company obtains the right to consideration in exchange for its performance. Revenue is measured at the fair value of the consideration received, excluding discounts, rebates, VAT and other sales taxes or duty. The following criteria must also be met before revenue is recognised:
Interest income
Revenue is recognised as interest accrues using the effective interest method.
Dividends income
Revenue is recognised when the right to receive payment is established.
2.4. Financial Instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in the case of an out-right short-term loan not at market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the statement of comprehensive income.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the company would receive for the asset if it were to be sold at the reporting date.

3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Accruals and deferred income 780 780
Director's loan account 32,936 29,995
33,716 30,775
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Page 3
5. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 39,699 39,693
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
7. Related Party Transactions
Included in creditors due within one year is an amount of £32,936 (2023: £29,995 ) owed to its director. The amount is interest free and repayable on demand.
8. Ultimate Controlling Party
The company's ultimate controlling party is the director by virtue of the ownership of 100% of the issued share capital in the company.
Page 3