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Registration number: 11030307

R.T.H. Holdings Limited

Filleted Financial Statements

for the Year Ended 30 April 2024

 

R.T.H. Holdings Limited

Contents

Balance Sheet

1

Notes to the Financial Statements

2 to 8

 

R.T.H. Holdings Limited

(Registration number: 11030307)
Balance Sheet as at 30 April 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

278,732

287,661

Investment property

5

325,000

325,000

Investments

6

2

2

Other financial assets

7

1,199,684

1,031,827

 

1,803,418

1,644,490

Current assets

 

Debtors

8

-

61,705

Cash at bank and in hand

 

1,296,170

142,422

 

1,296,170

204,127

Creditors: Amounts falling due within one year

9

(2,057,406)

(1,050,267)

Net current liabilities

 

(761,236)

(846,140)

Total assets less current liabilities

 

1,042,182

798,350

Provisions for liabilities

(57,837)

(14,892)

Net assets

 

984,345

783,458

Capital and reserves

 

Called up share capital

10

2

2

Retained earnings

984,343

783,456

Shareholders' funds

 

984,345

783,458

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 14 January 2025 and signed on its behalf by:
 

.........................................
Mr MRJ Harris
Director

 

R.T.H. Holdings Limited

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

1

General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
Shotover Kilns
Shotover Hill
Headington
Oxford
OX3 8ST

These financial statements were authorised for issue by the Board on 14 January 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

Audit report

The Independent Auditor's Report was unqualified. The name of the Senior Statutory Auditor who signed the audit report on 14 January 2025 was Mr A E Haines BSc FCA, who signed for and on behalf of Wenn Townsend.

Correction of error in comparative amounts

The prior year has been restated to correctly disclose the dividends received and then directly paid out to the parent. This has resulted in no change to retained earnings in the piror year.

 

R.T.H. Holdings Limited

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

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Freehold land and buildings

Straight line over 50 years

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by the directors. The directors use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

 

R.T.H. Holdings Limited

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

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

 

R.T.H. Holdings Limited

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

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2023 - 0).

4

Tangible assets

Land and buildings
£

Total
£

Cost or valuation

At 1 May 2023

341,235

341,235

At 30 April 2024

341,235

341,235

Depreciation

At 1 May 2023

53,574

53,574

Charge for the year

8,929

8,929

At 30 April 2024

62,503

62,503

Carrying amount

At 30 April 2024

278,732

278,732

At 30 April 2023

287,661

287,661

Included within the net book value of land and buildings above is £278,732 (2023 - £287,661) in respect of freehold land and buildings.
 

5

Investment properties

2024
£

At 1 May

325,000

At 30 April

325,000

The investment property was valued at 30th April 2024 at fair value by the directors.

There has been no valuation of investment property by an independent valuer.

 

R.T.H. Holdings Limited

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

6

Investments

2024
£

2023
£

Investments in subsidiaries

2

2

Subsidiaries

£

Cost or valuation

At 1 May 2023

2

Carrying amount

At 30 April 2024

2

At 30 April 2023

2

 

R.T.H. Holdings Limited

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

7

Other financial assets (current and non-current)

Financial assets at fair value through profit and loss
£

Total
£

Non-current financial assets

Cost or valuation

At 1 May 2023

1,031,827

1,031,827

Fair value adjustments

171,798

171,798

Disposals

(3,941)

(3,941)

At 30 April 2024

1,199,684

1,199,684

Impairment

Carrying amount

At 30 April 2024

1,199,684

1,199,684

8

Debtors

Note

2024
£

2023
£

Amounts owed by group undertakings and undertakings in which the company has a participating interest

-

61,705

 

-

61,705

 

R.T.H. Holdings Limited

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

9

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Amounts owed to group undertakings and undertakings in which the company has a participating interest

1,724,197

1,029,630

Taxation and social security

 

30,223

18,237

Accruals and deferred income

 

6,642

2,400

Other creditors

 

296,344

-

 

2,057,406

1,050,267

10

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

2

2

2

2

       

11

Dividends

2024

As
restated

2023

£

£

Interim dividend of £625,000.00 (2023 - £Nil) per ordinary share

1,250,000

150,000