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REGISTERED NUMBER: 12465836 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

RIGHT CHOICE DEVELOPMENTS LTD

RIGHT CHOICE DEVELOPMENTS LTD (REGISTERED NUMBER: 12465836)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024










Page

Balance sheet 1

Notes to the financial statements 2


RIGHT CHOICE DEVELOPMENTS LTD (REGISTERED NUMBER: 12465836)

BALANCE SHEET
29 FEBRUARY 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 4 9,197 7,836

Current assets
Stocks 3,000 23,000
Debtors 5 20,506 81,289
Cash at bank 189 1,682
23,695 105,971
Creditors
Amounts falling due within one year 6 35,161 113,080
Net current liabilities (11,466 ) (7,109 )
Total assets less current liabilities (2,269 ) 727

Creditors
Amounts falling due after more than one year 7 6,852 -
Net (liabilities)/assets (9,121 ) 727

Capital and reserves
Called up share capital 8 200 200
Retained earnings (9,321 ) 527
Shareholders' funds (9,121 ) 727

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

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

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 comprehensive income has not been delivered.

The financial statements were approved by the director and authorised for issue on 15 November 2024 and were signed by:





Mr J J Wischhusen - Director


RIGHT CHOICE DEVELOPMENTS LTD (REGISTERED NUMBER: 12465836)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024


1. Statutory information

Right Choice Developments Ltd is a private company, limited by shares, registered in England and Wales. The company's registered number is 12465836. The registered office is 642 Blandford Road, Upton, Poole, Dorset, BH16 5EQ.

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.

The Company has made a loss of £9,848 during the year and has a deficiency of assets at the year end of £9,121. The company is dependant upon the continued support of its shareholders, who give assurances that they will assist with the company's working capital requirements over the next twelve months if necessary.

Turnover
Turnover represents income generated from the development of holiday sites and land, net of VAT.

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
Motor vehicles - 20% on reducing balance
Computer equipment - 33% on cost

Stocks
Stock and Work In Progress are valued at the lower of cost and net realisable value.

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.

Deferred taxation
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.

Financial instruments
Basic financial instruments are initially recognised at transaction price and accounted for according to the substance of the contractual arrangement, as either financial assets, liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company, after deducting all liabilities.

At each balance sheet date, financial instruments are measured at amortised cost using the effective interest method. Any losses arising from impairment are recognised in the profit and loss account in the period to which they relate.

3. Employees and directors

The average number of employees during the year was 1 (2023 - 2 ) .

RIGHT CHOICE DEVELOPMENTS LTD (REGISTERED NUMBER: 12465836)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


4. Tangible fixed assets
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
Cost
At 1 March 2023 19,500 - 2,230 21,730
Additions - 10,750 - 10,750
At 29 February 2024 19,500 10,750 2,230 32,480
Depreciation
At 1 March 2023 13,004 - 890 13,894
Charge for year 6,496 2,150 743 9,389
At 29 February 2024 19,500 2,150 1,633 23,283
Net book value
At 29 February 2024 - 8,600 597 9,197
At 28 February 2023 6,496 - 1,340 7,836

5. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 12,240 81,289
Directors' current accounts 8,266 -
20,506 81,289

6. Creditors: amounts falling due within one year
2024 2023
£    £   
Bank loans and overdrafts 3,225 -
Hire purchase contracts 3,982 12,903
Trade creditors 15,732 69,214
Amounts owed to associates 2,863 1,763
Tax - 7,456
Social security and other taxes 950 2,806
VAT 6,159 18,693
Other creditors - 211
Directors' current accounts - 34
Accruals and deferred income 2,250 -
35,161 113,080

7. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Hire purchase contracts 6,852 -

RIGHT CHOICE DEVELOPMENTS LTD (REGISTERED NUMBER: 12465836)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100
100 Ordinary A £1 100 100
200 200

9. Director's advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 29 February 2024 and 28 February 2023:

2024 2023
£    £   
Mr J J Wischhusen
Balance outstanding at start of year - -
Amounts advanced 57,615 -
Amounts repaid (49,349 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 8,266 -

At the balance sheet date, the director owed the company £8,266. This balance was repaid within 9 months of the year end.

10. Ultimate controlling party

The Company is controlled by its two shareholders, Mr Wischhusen and Ms Mason who own 50% of the shareholding each.