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REGISTERED NUMBER: 08294082 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Rheign Limited

Rheign Limited (Registered number: 08294082)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Rheign Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Ms H Ivins Whatley





REGISTERED OFFICE: The Old Airfield
Upper Marsh Farm
Brokenborough
SN16 9SR





REGISTERED NUMBER: 08294082 (England and Wales)





ACCOUNTANTS: CMCA Accounting
25A Buccleuch Street
Dumfries
Dumfries & Galloway
DG1 2AT

Rheign Limited (Registered number: 08294082)

Balance Sheet
31 March 2024

31.3.23 31.3.24
£    £    Notes £    £   
FIXED ASSETS
30 Tangible assets 4 25

CURRENT ASSETS
64,118 Stocks 56,500
840 Cash at bank 1,173
64,958 57,673
CREDITORS
62,207 Amounts falling due within one year 5 64,558
2,751 NET CURRENT (LIABILITIES)/ASSETS (6,885 )
2,781 TOTAL ASSETS LESS CURRENT
LIABILITIES

(6,860

)

CREDITORS
17,200 Amounts falling due after more than one
year

6

8,600
(14,419 ) NET LIABILITIES (15,460 )

CAPITAL AND RESERVES
100 Called up share capital 100
900 Share premium 900
(15,419 ) Retained earnings (16,460 )
(14,419 ) (15,460 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Rheign Limited (Registered number: 08294082)

Balance Sheet - continued
31 March 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 23 December 2024 and were signed by:





Ms H Ivins Whatley - Director


Rheign Limited (Registered number: 08294082)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Rheign Limited 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.

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

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 etc - 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

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

Rheign Limited (Registered number: 08294082)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 101
DEPRECIATION
At 1 April 2023 71
Charge for year 5
At 31 March 2024 76
NET BOOK VALUE
At 31 March 2024 25
At 31 March 2023 30

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 20,432 23,259
Trade creditors - 1
Taxation and social security - 302
Other creditors 44,126 38,645
64,558 62,207

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 8,600 17,200

7. RELATED PARTY DISCLOSURES

At 31 March 2024, a sum of £27,597 was owed to director Ms Ivins Whatley ( 2023 - £33,927). This sum is interest free and repayable on demand.