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Company Registration No. 12021784 (England and Wales)
Radiance Holdings Limited Unaudited accounts for the year ended 31 May 2024
Radiance Holdings Limited Unaudited accounts Contents
Page
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Radiance Holdings Limited Company Information for the year ended 31 May 2024
Director
Xiong Xu Wu
Company Number
12021784 (England and Wales)
Registered Office
26 SPINNING WHEEL WAY HACKBRIDGE WALLINGTON SM6 7DS ENGLAND
Accountants
Tax Return Accountants Ltd 26 Spinning Wheelway Hackbridge Wallington GB SM6 7DS
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Radiance Holdings Limited Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Current assets
Debtors
126,700 
126,700 
Cash at bank and in hand
449 
533 
127,149 
127,233 
Net current assets
127,149 
127,233 
Total assets less current liabilities
127,149 
127,233 
Creditors: amounts falling due after more than one year
(738,367)
(738,367)
Net liabilities
(611,218)
(611,134)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(611,318)
(611,234)
Shareholders' funds
(611,218)
(611,134)
For the year ending 31 May 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 his 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 11 February 2025 and were signed on its behalf by
Xiong Xu Wu Director Company Registration No. 12021784
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Radiance Holdings Limited Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
Radiance Holdings Limited is a private company, limited by shares, registered in England and Wales, registration number 12021784. The registered office is 26 SPINNING WHEEL WAY, HACKBRIDGE, WALLINGTON, SM6 7DS, ENGLAND.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Going concern
These financial statements have been prepared on a going concern basis under the historical cost convention and in accordance with the Companies Act 2006. The director acknowledges the latest guidance on going concern. The director has a reasonable expectation that the Company has adequate resources to continue in operational excellence for a period of twelve months from the date of the approval of the financial statements and, therefore, he continues to adopt the going concern basis in preparing the annual financial statements.
4
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
126,700 
126,700 
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Radiance Holdings Limited Notes to the Accounts for the year ended 31 May 2024
5
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Other creditors
738,367 
738,367 
6
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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