Caseware UK (AP4) 2023.0.135 2023.0.135 2024-07-312024-07-317falsefalseInterior Design2023-08-01false7trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 08159838 2023-08-01 2024-07-31 08159838 2022-08-01 2023-07-31 08159838 2024-07-31 08159838 2023-07-31 08159838 c:Director1 2023-08-01 2024-07-31 08159838 d:PlantMachinery 2023-08-01 2024-07-31 08159838 d:PlantMachinery 2024-07-31 08159838 d:PlantMachinery 2023-07-31 08159838 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 08159838 d:OfficeEquipment 2023-08-01 2024-07-31 08159838 d:OfficeEquipment 2024-07-31 08159838 d:OfficeEquipment 2023-07-31 08159838 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 08159838 d:ComputerEquipment 2023-08-01 2024-07-31 08159838 d:ComputerEquipment 2024-07-31 08159838 d:ComputerEquipment 2023-07-31 08159838 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 08159838 d:OtherPropertyPlantEquipment 2023-08-01 2024-07-31 08159838 d:OtherPropertyPlantEquipment 2024-07-31 08159838 d:OtherPropertyPlantEquipment 2023-07-31 08159838 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 08159838 d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 08159838 d:CurrentFinancialInstruments 2024-07-31 08159838 d:CurrentFinancialInstruments 2023-07-31 08159838 d:CurrentFinancialInstruments d:WithinOneYear 2024-07-31 08159838 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 08159838 d:ShareCapital 2024-07-31 08159838 d:ShareCapital 2023-07-31 08159838 d:RetainedEarningsAccumulatedLosses 2023-08-01 2024-07-31 08159838 d:RetainedEarningsAccumulatedLosses 2024-07-31 08159838 d:RetainedEarningsAccumulatedLosses 2023-07-31 08159838 c:OrdinaryShareClass1 2023-08-01 2024-07-31 08159838 c:OrdinaryShareClass1 2024-07-31 08159838 c:OrdinaryShareClass1 2023-07-31 08159838 c:FRS102 2023-08-01 2024-07-31 08159838 c:AuditExemptWithAccountantsReport 2023-08-01 2024-07-31 08159838 c:FullAccounts 2023-08-01 2024-07-31 08159838 c:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 08159838 d:WithinOneYear 2024-07-31 08159838 d:WithinOneYear 2023-07-31 08159838 2 2023-08-01 2024-07-31 08159838 e:PoundSterling 2023-08-01 2024-07-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 08159838










RITA KONIG LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JULY 2024

 
RITA KONIG LIMITED
 

CONTENTS



Page
Accountants' report
1
Balance sheet
2 - 3
Notes to the financial statements
4 - 10


 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF RITA KONIG LIMITED
FOR THE YEAR ENDED 31 JULY 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of Rita Konig Limited for the year ended 31 July 2024 which comprise  the Balance sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

This report is made to the director of Rita Konig Limited in accordance with the terms of our engagement letter. Our work has been undertaken so that we might compile the financial statements of Rita Konig Limited that we have been engaged to compile, report to the Company's Director that we have done so and state those matters that we have agreed to state to the director of Rita Konig Limited in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Rita Konig Limited and its director for our work or for this report. 

We have carried out this engagement in accordance with technical guidance issued by the Institute of Chartered Accountants in Ireland and have complied with the ethical guidance laid down by the Institute relating to members undertaking the compilation of financial statements.

You have acknowledged on the Balance sheet as at 31 July 2024 your duty to ensure that Rita Konig Limited has kept adequate accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006 of Rita Konig Limited. You consider that Rita Konig Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit of the financial statements of Rita Konig Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.

  


UHY Hacker Young Fitch
 
Custom House
Custom House Square
Belfast
BT1 2LG
20 February 2025
Page 1

 
RITA KONIG LIMITED
REGISTERED NUMBER: 08159838

BALANCE SHEET
AS AT 31 JULY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
9,399
7,470

  
9,399
7,470

Current assets
  

Stocks
 5 
118,584
95,546

Debtors: amounts falling due within one year
 6 
158,439
238,304

Current asset investments
 7 
130,947
352,380

Cash at bank and in hand
 8 
1,108,023
1,571,273

  
1,515,993
2,257,503

Creditors: amounts falling due within one year
 9 
(761,229)
(1,500,303)

Net current assets
  
 
 
754,764
 
 
757,200

Total assets less current liabilities
  
764,163
764,670

  

Net assets
  
764,163
764,670


Capital and reserves
  

Called up share capital 
 10 
1
1

Profit and loss account
 11 
764,162
764,669

  
764,163
764,670


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 20 February 2025.




Henrietta De Chappuis Konig
Page 2

 
RITA KONIG LIMITED
REGISTERED NUMBER: 08159838

BALANCE SHEET (CONTINUED)
AS AT 31 JULY 2024

Director

The notes on pages 4 to 10 form part of these financial statements.

Page 3

 
RITA KONIG LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1.


General information

Rita Konig Limited is a private company limited by shares incorporated in England and Wales under company registration number 08159838.  
The registered office is The Studio Building, Second Floor, Studio 3, 21 Evesham Street, London, W11 4AJ. 
The principal acitivity of the company continued to be that of interior design services.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared using going concern basis.

 
2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Page 4

 
RITA KONIG LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)

 
2.4

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.6

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.7

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 5

 
RITA KONIG LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)

 
2.8

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.


 
2.9

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, as follows:.

Depreciation is provided on the following basis:

Plant and machinery
-
25%
Straight Line
Office equipment
-
25%
Reducing balance
Computer equipment
-
25%
Reducing balance
Other fixed assets
-
33%
Straight Line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.10

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.11

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 6

 
RITA KONIG LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)

 
2.12

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.13

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.14

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 7 (2023 - 7).


4.


Tangible fixed assets





Plant and machinery
Office equipment
Computer equipment
Other fixed assets
Total

£
£
£
£
£



Cost or valuation


At 1 August 2023
4,979
13,064
14,383
19,822
52,248


Additions
-
-
4,664
-
4,664



At 31 July 2024

4,979
13,064
19,047
19,822
56,912



Depreciation


At 1 August 2023
4,979
10,041
9,936
19,822
44,778


Charge for the year on owned assets
-
756
1,979
-
2,735



At 31 July 2024

4,979
10,797
11,915
19,822
47,513



Net book value



At 31 July 2024
-
2,267
7,132
-
9,399



At 31 July 2023
-
3,023
4,447
-
7,470

Page 7

 
RITA KONIG LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

5.


Stocks

2024
2023
£
£

Finished goods and goods for resale
118,584
95,546

118,584
95,546



6.


Debtors

2024
2023
£
£


Trade debtors
44,735
66,742

Other debtors
76,192
132,317

Prepayments and accrued income
37,512
39,245

158,439
238,304



7.


Current asset investments

2024
2023
£
£

Listed investments
130,947
352,380

130,947
352,380



8.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
1,108,023
1,571,273

1,108,023
1,571,273


Page 8

 
RITA KONIG LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

9.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
(401)
121,074

Corporation tax
170,854
111,629

Other taxation and social security
30,024
27,681

Other creditors
367,608
392,428

Accruals and deferred income
193,144
847,491

761,229
1,500,303


2024
2023
£
£

Other taxation and social security

PAYE/NI control
8,662
10,320

Form C.T.61 taxes
21,362
17,362

30,024
27,682


Page 9

 
RITA KONIG LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

10.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



1 (2023 - 1) Ordinary share of £1.00
1
1



11.


Reserves

Profit and loss account

The profit and loss account is a fully distributable reserve and includes all current and prior year retained profits and losses.


12.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £168,433 (2023 - £5,552). Contributions totalling £1,643 (2023 - £1,796) were payable to the fund at the balance sheet date and are included in creditors.


13.


Commitments under operating leases

At 31 July 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
-
36,000

-
36,000


Page 10