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Company Registration No. NI645345 (Northern Ireland)
RNH Academy Ltd. Unaudited accounts for the year ended 31 March 2024
RNH Academy Ltd. Unaudited accounts Contents
Page
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RNH Academy Ltd. Company Information for the year ended 31 March 2024
Directors
Robert Gary McAvoy Lauren Early
Company Number
NI645345 (Northern Ireland)
Registered Office
2 WOODSIDE DUNMURRY BELFAST BT17 9QZ UNITED KINGDOM
Accountants
Headstart Financials Ltd 180 Borough High Street (FORA) London SE1 1LB
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RNH Academy Ltd. Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
56,524 
56,524 
Current assets
Debtors
132,500 
132,500 
Cash at bank and in hand
70 
331 
132,570 
132,831 
Creditors: amounts falling due within one year
(44,417)
(43,698)
Net current assets
88,153 
89,133 
Net assets
144,677 
145,657 
Capital and reserves
Profit and loss account
144,677 
145,657 
Shareholders' funds
144,677 
145,657 
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 24 December 2024 and were signed on its behalf by
Robert Gary McAvoy Director Company Registration No. NI645345
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RNH Academy Ltd. Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
RNH Academy Ltd. is a private company, limited by shares, registered in Northern Ireland, registration number NI645345. The registered office is 2 WOODSIDE, DUNMURRY, BELFAST, BT17 9QZ, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
These financial statements for the year ended 31 March 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 April 2022. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Investment in Cryptocurrencies
Under FRS 102 Section 1A, cryptocurrencies are classified as intangible assets, whereas they were previously presented as investments under FRS 105. These assets are initially recognized at cost, including any directly attributable costs necessary to bring the cryptocurrency to its present condition and location for use. Subsequent to initial recognition, cryptocurrencies are measured at cost less accumulated amortization and any accumulated impairment losses. Amortization is not provided for cryptocurrencies as they are deemed to have an indefinite useful life unless evidence suggests otherwise. At each reporting date, cryptocurrencies are reviewed for indicators of impairment. If such indicators exist, the carrying amount is tested for impairment by comparing it to the recoverable amount. Impairment losses, if any, are recognized in the profit and loss account.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
33.33%
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RNH Academy Ltd. Notes to the Accounts for the year ended 31 March 2024
4
Intangible fixed assets
Other 
£ 
Cost
At 1 April 2023
56,524 
At 31 March 2024
56,524 
Amortisation
At 1 April 2023
- 
At 31 March 2024
- 
Net book value
At 31 March 2024
56,524 
At 31 March 2023
56,524 
Cryptocurrencies held by the company are classified as intangible assets and are initially recognized at cost and reviewed for impairment at the reporting date. Any impairment losses are recognized in the profit and loss account.
5
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 April 2023
2,649 
At 31 March 2024
2,649 
Depreciation
At 1 April 2023
2,649 
At 31 March 2024
2,649 
Net book value
At 31 March 2024
- 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
132,500 
132,500 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
29,571 
30,667 
Other creditors
670 
670 
Loans from directors
13,696 
11,641 
Accruals
480 
720 
44,417 
43,698 
8
Average number of employees
During the year the average number of employees was 0 (2023: 4).
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