Registered number
06584631
RIT MANAGER LIMITED
Filleted Accounts
31 May 2024
RIT MANAGER LIMITED
Registered number: 06584631
Balance Sheet
as at 31 May 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 296 296
Current assets
Debtors 3 25,308 25,308
Cash at bank and in hand 338,568 299,768
363,876 325,076
Creditors: amounts falling due within one year 4 (30,213) (27,777)
Net current assets 333,663 297,299
Net assets 333,959 297,595
Capital and reserves
Called up share capital 1 1
Profit and loss account 333,958 297,594
Shareholders' funds 333,959 297,595
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Dario Jacques
Director
Approved by the board on 19 February 2025
RIT MANAGER LIMITED
Notes to the Accounts
for the year ended 31 May 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Debtors 2024 2023
£ £
Trade debtors 25,308 25,308
4 Creditors: amounts falling due within one year 2024 2023
£ £
Corporation tax 12,122 3,983
Unrealised exchange difference reserve 2,945 8,648
Other creditors 15,146 15,146
30,213 27,777
5 Other information
RIT MANAGER LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
102 Langdale House
11 Marshalsea Road
London
SE1 1EN
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