Registered number
04148561
The Rising Sun (Poole) Limited
Filleted Accounts
31 July 2024
The Rising Sun (Poole) Limited
Registered number: 04148561
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 - 320,000
Tangible assets 4 1,802 2,076
1,802 322,076
Current assets
Cash at bank and in hand 38 72,820
Creditors: amounts falling due within one year 5 (321,966) (394,748)
Net current liabilities (321,928) (321,928)
Net (liabilities)/assets (320,126) 148
Capital and reserves
Called up share capital 108 108
Share premium 37 37
Profit and loss account (320,271) 3
Shareholder's funds (320,126) 148
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
J Goemaat
Director
Approved by the board on 24 March 2025
The Rising Sun (Poole) Limited
Notes to the Accounts
for the year ended 31 July 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 rendering of services. 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Computer equipment 33.33% reducing balance
Plant and machinery 20% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Intangible fixed assets £
Goodwill:
Cost
At 1 August 2023 320,000
At 31 July 2024 320,000
Amortisation
Provided during the year 320,000
At 31 July 2024 320,000
Net book value
At 31 July 2024 -
At 31 July 2023 320,000
Goodwill has been fully written off as it has no value.
4 Tangible fixed assets
Computer equipment Plant and machinery etc Total
£ £ £
Cost
At 1 August 2023 4,601 7,108 11,709
At 31 July 2024 4,601 7,108 11,709
Depreciation
At 1 August 2023 4,411 5,222 9,633
Charge for the year 63 211 274
At 31 July 2024 4,474 5,433 9,907
Net book value
At 31 July 2024 127 1,675 1,802
At 31 July 2023 190 1,886 2,076
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts - 25,904
Trade creditors 1,407 7,753
Amounts owed to group undertakings and undertakings in which the company has a participating interest 320,559 355,047
Other creditors - 6,044
321,966 394,748
6 Other information
The Rising Sun (Poole) Limited is a private company limited by shares and incorporated in England. Its registered office is:
Suite 9 Pine Court Business Centre
36 Gervis Road
Bournemouth
Dorset
BH1 3DH
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