1 false false false false false false false false false false true false false false false false false No description of principal activity 2022-09-01 Sage Accounts Production Advanced 2023 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 03414875 2022-09-01 2023-08-31 03414875 2023-08-31 03414875 2022-08-31 03414875 2021-09-01 2022-08-31 03414875 2022-08-31 03414875 2021-08-31 03414875 bus:Director2 2022-09-01 2023-08-31 03414875 bus:Director1 2022-09-01 2023-08-31 03414875 core:WithinOneYear 2023-08-31 03414875 core:WithinOneYear 2022-08-31 03414875 core:ShareCapital 2023-08-31 03414875 core:ShareCapital 2022-08-31 03414875 core:RetainedEarningsAccumulatedLosses 2023-08-31 03414875 core:RetainedEarningsAccumulatedLosses 2022-08-31 03414875 bus:Director1 2022-08-31 03414875 bus:Director1 2023-08-31 03414875 bus:Director1 2021-08-31 03414875 bus:Director1 2022-08-31 03414875 bus:Director1 2021-09-01 2022-08-31 03414875 bus:SmallEntities 2022-09-01 2023-08-31 03414875 bus:AuditExemptWithAccountantsReport 2022-09-01 2023-08-31 03414875 bus:SmallCompaniesRegimeForAccounts 2022-09-01 2023-08-31 03414875 bus:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 03414875 bus:FullAccounts 2022-09-01 2023-08-31
COMPANY REGISTRATION NUMBER: 03414875
RISEWOOD ENTERPRISES LIMITED
Filleted Unaudited Financial Statements
31 August 2023
RISEWOOD ENTERPRISES LIMITED
Statement of Financial Position
31 August 2023
2023
2022
Note
£
£
£
Current assets
Stocks
4,825
Debtors
5
16,387
Cash at bank and in hand
241,274
195,051
---------
---------
241,274
216,263
Creditors: amounts falling due within one year
6
36,791
11,751
---------
---------
Net current assets
204,483
204,512
---------
---------
Total assets less current liabilities
204,483
204,512
---------
---------
Net assets
204,483
204,512
---------
---------
Capital and reserves
Called up share capital
298,002
298,002
Profit and loss account
( 93,519)
( 93,490)
---------
---------
Shareholders funds
204,483
204,512
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 29 November 2024 , and are signed on behalf of the board by:
Mrs V Broch
Director
Company registration number: 03414875
RISEWOOD ENTERPRISES LIMITED
Notes to the Financial Statements
Year ended 31 August 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Hallswelle House, 1 Hallswelle Road, London, NW11 0DH.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2022: 1 ).
5. Debtors
2023
2022
£
£
Trade debtors
14,550
Other debtors
1,837
----
--------
16,387
----
--------
6. Creditors: amounts falling due within one year
2023
2022
£
£
Corporation tax
1,517
3,359
Social security and other taxes
4,185
Other creditors
35,274
4,207
--------
--------
36,791
11,751
--------
--------
7. Directors' advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2023
Balance brought forward
Advances/ (credits) to the directors
Balance outstanding
£
£
£
Mr A Broch
( 2,511)
( 23,802)
( 26,313)
-------
--------
--------
2022
Balance brought forward
Advances/ (credits) to the directors
Balance outstanding
£
£
£
Mr A Broch
( 38,680)
36,169
( 2,511)
--------
--------
-------