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RL HOMES LTD

Unaudited Financial Statements

for the Year Ended 29th January 2024






RL HOMES LTD (REGISTERED NUMBER: 10597464)






Contents of the Financial Statements
for the year ended 29th January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RL HOMES LTD

Company Information
for the year ended 29th January 2024







DIRECTOR: R Little





REGISTERED OFFICE: 60 Bridge Street
St Helens
Merseyside
WA10 1NW





REGISTERED NUMBER: 10597464 (England and Wales)





ACCOUNTANTS: Haines Watts Wirral Limited
1 Abbots Quay
Monks Ferry
Birkenhead
Merseyside
CH41 5LH

RL HOMES LTD (REGISTERED NUMBER: 10597464)

Balance Sheet
29th January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investments 4 1 -

CURRENT ASSETS
Debtors 5 793,000 709,312
Cash at bank - 5,899
793,000 715,211
CREDITORS
Amounts falling due within one year 6 840,865 759,492
NET CURRENT LIABILITIES (47,865 ) (44,281 )
TOTAL ASSETS LESS CURRENT LIABILITIES (47,864 ) (44,281 )

CREDITORS
Amounts falling due after more than one
year

7

42,033

40,764
NET LIABILITIES (89,897 ) (85,045 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (89,898 ) (85,046 )
SHAREHOLDERS' FUNDS (89,897 ) (85,045 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29th January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29th January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

RL HOMES LTD (REGISTERED NUMBER: 10597464)

Balance Sheet - continued
29th January 2024


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 29th October 2024 and were signed by:





R Little - Director


RL HOMES LTD (REGISTERED NUMBER: 10597464)

Notes to the Financial Statements
for the year ended 29th January 2024

1. STATUTORY INFORMATION

RL Homes Ltd is a private company, limited by shares , registered 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors and loans from banks and other third parties.

Debtors
Short term debtors are measured at transaction price, less any impairment.

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.

Creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including loans, are measured initially at fair value, net of transaction costs.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.


RL HOMES LTD (REGISTERED NUMBER: 10597464)

Notes to the Financial Statements - continued
for the year ended 29th January 2024

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 30th January 2023
and 29th January 2024 1
NET BOOK VALUE
At 29th January 2024 1
At 29th January 2023 1

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 781,471 701,469
Other debtors 11,529 7,843
793,000 709,312

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Other creditors 830,865 749,492
840,865 759,492

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 42,033 40,764

RL HOMES LTD (REGISTERED NUMBER: 10597464)

Notes to the Financial Statements - continued
for the year ended 29th January 2024

8. RELATED PARTY DISCLOSURES

Included in other creditors is an amount of £195,595 (2023 : £119,282) owed to R Little, the director of the company.

Included in debtors is an amount of £781,471 (2023 : £701,468) owed to Walkden Row Ltd, a company owned by RL Homes Ltd.

Included in other creditors is an amount of £13,920 (2023 : £9,882 ) owed to Highbury Bloom Ltd, a company of which R Little is also a director/shareholder.