Caseware UK (AP4) 2023.0.135 2023.0.135 2023-07-312023-07-312022-08-01falsefalseNo description of principal activity55trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 07503385 2022-08-01 2023-07-31 07503385 2021-08-01 2022-07-31 07503385 2023-07-31 07503385 2022-07-31 07503385 c:Director1 2022-08-01 2023-07-31 07503385 d:FurnitureFittings 2022-08-01 2023-07-31 07503385 d:FurnitureFittings 2023-07-31 07503385 d:FurnitureFittings 2022-07-31 07503385 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-08-01 2023-07-31 07503385 d:OfficeEquipment 2022-08-01 2023-07-31 07503385 d:OfficeEquipment 2023-07-31 07503385 d:OfficeEquipment 2022-07-31 07503385 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-08-01 2023-07-31 07503385 d:OwnedOrFreeholdAssets 2022-08-01 2023-07-31 07503385 d:CurrentFinancialInstruments 2023-07-31 07503385 d:CurrentFinancialInstruments 2022-07-31 07503385 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 07503385 d:CurrentFinancialInstruments d:WithinOneYear 2022-07-31 07503385 d:ShareCapital 2023-07-31 07503385 d:ShareCapital 2022-07-31 07503385 d:RetainedEarningsAccumulatedLosses 2023-07-31 07503385 d:RetainedEarningsAccumulatedLosses 2022-07-31 07503385 c:FRS102 2022-08-01 2023-07-31 07503385 c:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 07503385 c:FullAccounts 2022-08-01 2023-07-31 07503385 c:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 07503385 2 2022-08-01 2023-07-31 07503385 e:PoundSterling 2022-08-01 2023-07-31 iso4217:GBP xbrli:pure

Registered number: 07503385









RGH ASCOT LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JULY 2023

 
RGH ASCOT LTD
07503385

BALANCE SHEET
AS AT 31 JULY 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
115
501

  
115
501

Current assets
  

Stocks
  
34,312
33,920

Debtors: amounts falling due within one year
 5 
84,289
61,407

Cash at bank and in hand
 6 
16,704
8,153

  
135,305
103,480

Creditors: amounts falling due within one year
 7 
(126,264)
(89,930)

Net current assets
  
 
 
9,041
 
 
13,550

Total assets less current liabilities
  
9,156
14,051

  

Net assets
  
9,156
14,051

Page 1

 
RGH ASCOT LTD
07503385
    
BALANCE SHEET (CONTINUED)
AS AT 31 JULY 2023

2023
2022
Note
£
£

Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
9,154
14,049

  
9,156
14,051


The director considers 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 director acknowledges her 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 income and retained earnings 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 21 October 2024.




Kavita Gadhavi
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
RGH ASCOT LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1.


General information

RGH Ascot Limited is a private limited company limited by share capital. The Company is regsitered in England and Wales, company number 07503385. The company's registered office address is located at 61 High Street, Ascot Berkshire SL5 7HP.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 3

 
RGH ASCOT LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

2.Accounting policies (continued)

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.7

Taxation

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.

 
2.8

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.

Page 4

 
RGH ASCOT LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

2.Accounting policies (continued)


2.8
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures and fittings
-
15%
Office equipment
-
33%

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.

 
2.9

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.10

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.11

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.12

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.13

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 5

 
RGH ASCOT LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

3.


Employees

2023
2022
£
£

Wages and salaries
16,598
26,595

Cost of defined contribution scheme
-
605

16,598
27,200


The average monthly number of employees, including directors, during the year was 5 (2022 - 5).


4.


Tangible fixed assets





Fixtures and fittings
Office equipment
Total

£
£
£



Cost or valuation


At 1 August 2022
2,271
18,962
21,233



At 31 July 2023

2,271
18,962
21,233



Depreciation


At 1 August 2022
2,271
18,461
20,732


Charge for the year on owned assets
-
386
386



At 31 July 2023

2,271
18,847
21,118



Net book value



At 31 July 2023
-
115
115



At 31 July 2022
-
501
501

Page 6

 
RGH ASCOT LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

5.


Debtors

2023
2022
£
£


Trade debtors
6,640
6,237

Other debtors
72,479
50,000

Prepayments and accrued income
5,170
5,170

84,289
61,407



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
16,704
8,153

16,704
8,153



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
61,928
13,220

Corporation tax
34,302
54,729

Other taxation and social security
15,027
9,966

Other creditors
298
306

Accruals and deferred income
14,709
11,709

126,264
89,930



8.


Pension commitments

The company pays into an autoenrolment pension scheme for the company's employees. As at 31 July
2022 the Company had a commitment of £305, (2022: £305).


9.


Controlling party

RGH Ascot Ltd is a wholly owned subsidiary of K&T Vision Ltd, (company number 11827901). K&T Vision
Ltd's registered office address is Office 9, Dalton House, 60 Windsor Avenue, London SW19 2RR.
The company is exempt from the requirement to produce group accounts.

 
Page 7