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REGISTERED NUMBER: 03133518 (England and Wales)















Unaudited Financial Statements for the Year Ended 30th April 2024

for

R H INVESTMENTS LIMITED

R H INVESTMENTS LIMITED (REGISTERED NUMBER: 03133518)






Contents of the Financial Statements
for the Year Ended 30th April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


R H INVESTMENTS LIMITED

Company Information
for the Year Ended 30th April 2024







DIRECTORS: Mr R J M Hudaly
Mr D Snape





SECRETARY: Mrs C Hudaly





REGISTERED OFFICE: Unit 11
Common Bank Industrial Estate
Ackhurst Road
Chorley
Lancashire
PR7 1NH





REGISTERED NUMBER: 03133518 (England and Wales)





ACCOUNTANTS: Abrams Ashton - Chorley Limited
Chartered Certified Accountants
41 St Thomas's Road
Chorley
Lancashire
PR7 1JE

R H INVESTMENTS LIMITED (REGISTERED NUMBER: 03133518)

Balance Sheet
30th April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 517 325,425
Investments 4 41,100 1,100
41,617 326,525

CURRENT ASSETS
Debtors 5 1,600,059 667,252
Cash at bank 301,316 952,349
1,901,375 1,619,601
CREDITORS
Amounts falling due within one year 6 815,743 37,434
NET CURRENT ASSETS 1,085,632 1,582,167
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,127,249

1,908,692

CAPITAL AND RESERVES
Called up share capital 7 1,100 1,100
Retained earnings 1,126,149 1,907,592
SHAREHOLDERS' FUNDS 1,127,249 1,908,692

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 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.

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 19th December 2024 and were signed on its behalf by:




Mr R J M Hudaly - Director


R H INVESTMENTS LIMITED (REGISTERED NUMBER: 03133518)

Notes to the Financial Statements
for the Year Ended 30th April 2024

1. STATUTORY INFORMATION

R H Investments 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Revenue recognition
Revenue is derived from investment property management services, net of value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - NIL
Fixtures and fittings - 20% on reducing balance

In a departure from FRS 102 Section 1A for small entities, no depreciation is provided in respect of freehold properties. This is a departure from the requirements of the Companies Act 2006 which requires all properties to be depreciated. The directors consider that to depreciate them would not give a true and fair view. Depreciation is only one of the many elements reflected in the annual valuation of properties and accordingly the amount of depreciation which might otherwise have been charged cannot be separately identified or quantified. The directors consider that this policy results in the financial statements giving a true and fair view.

Impairment of assets
At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in profit or loss.

If an impairment loss subsequently reverses, the carry amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss.

Investment property
Investment properties are properties held to earn rentals, they are initially measured at cost, including transaction costs. Subsequently they are then measured at fair value on an open market basis. Deferred tax is provided on these movements. Gains and losses arising from changes in fair value are included in the Statement of Income & Retained Earnings in the period in which they arise.

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments' of FRS 102 to all its financial instruments. Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

R H INVESTMENTS LIMITED (REGISTERED NUMBER: 03133518)

Notes to the Financial Statements - continued
for the Year Ended 30th April 2024

2. ACCOUNTING POLICIES - continued

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Investments
Investments in subsidiary: investments held as fixed assets are stated at cost less provision for any impairment in value.

Cash and cash equivalents
Cash and cash equivalents includes cash in hand, deposits held with banks, and bank overdrafts. Bank overdrafts, when applicable, are shown within borrowings in current liabilities.

3. TANGIBLE FIXED ASSETS
Fixtures
Long and
leasehold fittings Totals
£    £    £   
COST
At 1st May 2023 324,778 9,429 334,207
Disposals (324,778 ) - (324,778 )
At 30th April 2024 - 9,429 9,429
DEPRECIATION
At 1st May 2023 - 8,782 8,782
Charge for year - 130 130
At 30th April 2024 - 8,912 8,912
NET BOOK VALUE
At 30th April 2024 - 517 517
At 30th April 2023 324,778 647 325,425

R H INVESTMENTS LIMITED (REGISTERED NUMBER: 03133518)

Notes to the Financial Statements - continued
for the Year Ended 30th April 2024

4. FIXED ASSET INVESTMENTS

30.4.24 30.4.23
£    £   
Other investments not loans 41,100 1,100

Additional information is as follows:
Other
investments
£   
COST
At 1st May 2023
and 30th April 2024 1,100
NET BOOK VALUE
At 30th April 2024 1,100
At 30th April 2023 1,100

Investments (neither listed nor unlisted) were as follows:
30.4.24 30.4.23
£    £   
Other Investments 40,000 -

5. DEBTORS
30.4.24 30.4.23
£    £   
Amounts falling due within one year:
Other debtors 822,755 -
Due from related companies 71,911 57,811
Deferred tax asset 5,393 4,472
Prepayments and accrued income - 4,969
900,059 67,252

Amounts falling due after more than one year:
Due from related companies 700,000 600,000

Aggregate amounts 1,600,059 667,252

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade creditors 63,898 -
Tax 63,666 21,330
Social security and other taxes 240 11,569
Other creditors 685,000 -
Directors' current accounts 1,269 -
Accruals and deferred income 1,670 4,535
815,743 37,434

R H INVESTMENTS LIMITED (REGISTERED NUMBER: 03133518)

Notes to the Financial Statements - continued
for the Year Ended 30th April 2024

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
1,000 Ordinary £1 1,000 1,000
100 Deferred Ordinary £1 100 100
1,100 1,100

8. ULTIMATE CONTROLLING PARTY

As at 30th April 2024 the company was controlled by RH InvestmentsTrustee Limited by virtue of holding 100% of the issued share capital.