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RHK Properties Ltd

Unaudited Financial Statements for the Year Ended 29 February 2024






RHK Properties Ltd (Registered number: 13229501)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RHK Properties Ltd

Company Information
for the Year Ended 29 February 2024







DIRECTORS: Miss R H Kersh
Mrs J L Kersh





REGISTERED OFFICE: 15 Hadassah Grove
Liverpool
Merseyside
L17 8XH





REGISTERED NUMBER: 13229501 (England and Wales)





ACCOUNTANTS: Matthews Sutton & Co Ltd
Chartered Certified Accountants
48 - 52 Penny Lane
Mossley Hill
Liverpool
Merseyside
L18 1DG

RHK Properties Ltd (Registered number: 13229501)

Balance Sheet
29 February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 135,000 130,241

CURRENT ASSETS
Debtors 5 58 125
Cash at bank 1 1,641
59 1,766
CREDITORS
Amounts falling due within one year 6 33,510 39,886
NET CURRENT LIABILITIES (33,451 ) (38,120 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

101,549

92,121

CREDITORS
Amounts falling due after more than one
year

7

(94,699

)

(94,700

)

PROVISIONS FOR LIABILITIES (904 ) -
NET ASSETS/(LIABILITIES) 5,946 (2,579 )

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 8 3,855 -
Retained earnings 1,991 (2,679 )
5,946 (2,579 )

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 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.

RHK Properties Ltd (Registered number: 13229501)

Balance Sheet - continued
29 February 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 Board of Directors and authorised for issue on 18 November 2024 and were signed on its behalf by:




Miss R H Kersh - Director



Mrs J L Kersh - Director


RHK Properties Ltd (Registered number: 13229501)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

RHK Properties 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.

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.

Turnover
Turnover represents net rent receivable.

Investment property
Investment properties were valued using market data by the director on the 28/02/2023.

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 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 2 (2023 - 2 ) .

4. INVESTMENT PROPERTY
Total
£   
COST OR VALUATION
At 1 March 2023 130,241
Revaluations 4,759
At 29 February 2024 135,000
NET BOOK VALUE
At 29 February 2024 135,000
At 28 February 2023 130,241

RHK Properties Ltd (Registered number: 13229501)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

4. INVESTMENT PROPERTY - continued

Investment properties were valued using market data by the director on the 29/02/2024.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 58 125

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 2,261 2,200
Taxation and social security 467 -
Other creditors 30,782 37,686
33,510 39,886

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 94,699 94,700

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 94,699 94,700

8. RESERVES
Fair
value
reserve
£   
Fair value reserve 3,855

At 29 February 2024 3,855