Silverfin false false 31/10/2023 01/11/2022 31/10/2023 R Kothari 15/10/2019 30 January 2025 The principal activity of the Company during the financial year was that of management and business consultancy services. 12262559 2023-10-31 12262559 bus:Director1 2023-10-31 12262559 2022-10-31 12262559 core:CurrentFinancialInstruments 2023-10-31 12262559 core:CurrentFinancialInstruments 2022-10-31 12262559 core:ShareCapital 2023-10-31 12262559 core:ShareCapital 2022-10-31 12262559 core:RetainedEarningsAccumulatedLosses 2023-10-31 12262559 core:RetainedEarningsAccumulatedLosses 2022-10-31 12262559 core:OtherPropertyPlantEquipment 2022-10-31 12262559 core:OtherPropertyPlantEquipment 2023-10-31 12262559 2022-11-01 2023-10-31 12262559 bus:FilletedAccounts 2022-11-01 2023-10-31 12262559 bus:SmallEntities 2022-11-01 2023-10-31 12262559 bus:AuditExemptWithAccountantsReport 2022-11-01 2023-10-31 12262559 bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 12262559 bus:Director1 2022-11-01 2023-10-31 12262559 core:OtherPropertyPlantEquipment 2022-11-01 2023-10-31 12262559 2021-11-01 2022-10-31 iso4217:GBP xbrli:pure

Company No: 12262559 (England and Wales)

RUE KOTHARI LIMITED

Unaudited Financial Statements
For the financial year ended 31 October 2023
Pages for filing with the registrar

RUE KOTHARI LIMITED

Unaudited Financial Statements

For the financial year ended 31 October 2023

Contents

RUE KOTHARI LIMITED

BALANCE SHEET

As at 31 October 2023
RUE KOTHARI LIMITED

BALANCE SHEET (continued)

As at 31 October 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 1,746 1,803
1,746 1,803
Current assets
Debtors 4 79,624 95,061
Cash at bank and in hand 1,087 302
80,711 95,363
Creditors: amounts falling due within one year 5 ( 53,293) ( 93,301)
Net current assets 27,418 2,062
Total assets less current liabilities 29,164 3,865
Net assets 29,164 3,865
Capital and reserves
Called-up share capital 100 100
Profit and loss account 29,064 3,765
Total shareholder's funds 29,164 3,865

For the financial year ending 31 October 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Rue Kothari Limited (registered number: 12262559) were approved and authorised for issue by the Director on 30 January 2025. They were signed on its behalf by:

R Kothari
Director
RUE KOTHARI LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 October 2023
RUE KOTHARI LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 October 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Rue Kothari Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 43 Berkeley Square, Mayfair, W1J 5AP, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the sale and 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 and after eliminating sales within the company.

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.

Taxation

Current tax
The tax expense for the period comprises current 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 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.

Tangible fixed 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 over their estimated useful lives, as follows:

Plant and machinery etc. 33 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Trade and other debtors

Trade and other debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment, except where the effect of discounting would be immaterial. In such cases debtors are stated at transaction price less impairment losses. 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 transaction.

Trade and other creditors

Trade and other creditors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, except where the effect of discounting would be immaterial. In such cases creditors are stated at transaction price.

Financial instruments

Classification
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Financial assets are classified as financial assets at fair value through profit or loss, loans and debtors, held-to-maturity investments, available-for-sale financial assets, or as derivatives designated as hedging instruments in an effective hedge, as appropriate. The company determines the classification of its financial assets at initial recognition.

Financial liabilities are classified as financial liabilities at fair value through profit and loss, loans and borrowings, trade and other creditors, or as derivatives designated as hedging instruments in an effective hedge, as appropriate. The company determines the classification of its financial liabilities at initial recognition.

Recognition and measurement
All financial instruments are recognised initially at fair value plus transaction costs. Thereafter financial instruments are stated at amortised cost using the effective interest rate method (less impairment where appropriate) unless the effect of discounting would be immaterial in which case they are stated at cost (less impairment where appropriate). The exception to this are those financial instruments where it is a requirement to continue recording them at fair value through profit and loss.

Impairment
Financial assets are assessed for indicators of impairment at the end of each reporting period. Financial assets are considered to be impaired when there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows of the investment have been affected.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 November 2022 3,226 3,226
Additions 757 757
At 31 October 2023 3,983 3,983
Accumulated depreciation
At 01 November 2022 1,423 1,423
Charge for the financial year 814 814
At 31 October 2023 2,237 2,237
Net book value
At 31 October 2023 1,746 1,746
At 31 October 2022 1,803 1,803

4. Debtors

2023 2022
£ £
Trade debtors 30,036 95,061
Corporation tax 10,617 0
Other debtors 38,971 0
79,624 95,061

5. Creditors: amounts falling due within one year

2023 2022
£ £
Trade creditors 11,409 6,104
Taxation and social security 35,581 17,231
Other creditors 6,303 69,966
53,293 93,301

6. Related party transactions

Transactions with the entity's director

2023 2022
£ £
Amounts owed by/(to) directors 31,457 (67,839)

During the year the company made advances totalling £31,457 (2022 - Nil).

The above amounts are unsecured, provided interest free and are repayable on demand.