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REGISTERED NUMBER: 07262856 (England and Wales)















RHUMBABA LTD

Unaudited Financial Statements

for the Year Ended 31 May 2024






RHUMBABA LTD (REGISTERED NUMBER: 07262856)

Contents of the Financial Statements
for the year ended 31 May 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


RHUMBABA LTD

Company Information
for the year ended 31 May 2024







Director: Y M Ismail





Registered office: Polygon Cottage
North Green Street
Bristol
Gloucestershire
BS8 4NE





Registered number: 07262856 (England and Wales)





Accountants: Cooper Parry Advisory Limited
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA

RHUMBABA LTD (REGISTERED NUMBER: 07262856)

Balance Sheet
31 May 2024

2024 2023
Notes £ £
Fixed assets
Tangible assets 4 340 679

Current assets
Debtors 5 1,349 -
Cash at bank 272,278 260,182
273,627 260,182
Creditors
Amounts falling due within one year 6 (123,928 ) (125,692 )
Net current assets 149,699 134,490
Total assets less current liabilities 150,039 135,169

Capital and reserves
Called up share capital 7 1 1
Retained earnings 150,038 135,168
Shareholders' funds 150,039 135,169

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director and authorised for issue on 13 February 2025 and were signed by:





Y M Ismail - Director


RHUMBABA LTD (REGISTERED NUMBER: 07262856)

Notes to the Financial Statements
for the year ended 31 May 2024


1. Statutory information

Rhumbaba Ltd 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Going concern
The financial statements have been prepared on a going concern basis. The Directors have reviewed and considered relevant information, including the annual budget and future cash flows in making their assessment.

3. Employees and directors

The average number of employees during the year was 1 (2023 - 1 ) .

RHUMBABA LTD (REGISTERED NUMBER: 07262856)

Notes to the Financial Statements - continued
for the year ended 31 May 2024


4. Tangible fixed assets
Computer
equipment
£
Cost
At 1 June 2023
and 31 May 2024 4,109
Depreciation
At 1 June 2023 3,430
Charge for year 339
At 31 May 2024 3,769
Net book value
At 31 May 2024 340
At 31 May 2023 679

5. Debtors: amounts falling due within one year
2024 2023
£ £
Trade debtors 1,349 -

6. Creditors: amounts falling due within one year
2024 2023
£ £
Trade creditors 594 -
Taxation and social security 6,742 22,143
Other creditors 116,592 103,549
123,928 125,692

7. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
1 Ordinary share capital £1 1 1

8. Related party disclosures

At 31 May 2024, Rhumbaba Ltd owed the Director Y Ismail £115,517 (2023: £102,474) this amount is included in other creditors.