Rising Star Homes Ltd
Statement of financial position
as at 30 April 2024
Tangible assets
34,984
9,839
Cash at bank and in hand
1,698
3,290
Creditors: amounts falling due within one year
(94,062)
(16,105)
Net current (liabilities)/assets
(2,833)
52,727
Total assets less current liabilities
32,151
62,566
Creditors: amounts falling due after more than one year
(104,874)
(123,232)
Net liabilities
(72,723)
(60,666)
Called up share capital
2
-
Profit and loss account
(72,725)
(60,666)
Shareholders' funds
(72,723)
(60,666)
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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 and authorised for issue on 28 January 2025 and were signed on its behalf by
Hazvinei Manyonga
Director
Company Registration No. 12565636
Rising Star Homes Ltd
Notes to the Accounts
for the year ended 30 April 2024
Rising Star Homes Ltd is a private company, limited by shares, registered in England and Wales, registration number 12565636. The registered office is 9 REALGAR COURT, SITTINGBOURNE, KENT, ME10 5JZ, 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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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:
Land & buildings
10% Straight Line Basis
Plant & machinery
20% Straight Line Basis
Motor vehicles
20% Straight Line Basis
Computer equipment
20% Straight Line Basis
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 May 2023
-
8,576
-
3,775
12,351
Additions
8,340
11,927
7,895
1,833
29,995
At 30 April 2024
8,340
20,503
7,895
5,608
42,346
At 1 May 2023
-
1,461
-
1,051
2,512
Charge for the year
348
3,376
132
994
4,850
At 30 April 2024
348
4,837
132
2,045
7,362
At 30 April 2024
7,992
15,666
7,763
3,563
34,984
At 30 April 2023
-
7,115
-
2,724
9,839
Rising Star Homes Ltd
Notes to the Accounts
for the year ended 30 April 2024
Amounts falling due within one year
Amounts due from group undertakings etc.
-
48,892
Other debtors
17,074
16,650
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
6,457
-
Obligations under finance leases and hire purchase contracts
2,024
-
Trade creditors
3,028
3,496
Taxes and social security
63,877
10,699
Loans from directors
18,676
-
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
2,688
-
Loans from directors
-
123,232
8
Operating lease commitments
2024
2023
At 30 April 2024 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
3,780
-
Later than one year and not later than five years
5,985
-
9
Average number of employees
During the year the average number of employees was 10 (2023: 7).