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COMPANY REGISTRATION NUMBER: 08732324
RHTL Ltd.
Filleted Unaudited Financial Statements
31 March 2024
RHTL Ltd.
Financial Statements
Year ended 31 March 2024
Contents
Page
Statement of financial position
1
Notes to the financial statements
3
RHTL Ltd.
Statement of Financial Position
31 March 2024
2024
2023
Note
£
£
Fixed assets
Tangible assets
5
1,428
836
Investments
6
659,984
548,720
---------
---------
661,412
549,556
Current assets
Debtors
7
1,432,680
1,330,905
Cash at bank and in hand
3,674,379
4,140,580
------------
------------
5,107,059
5,471,485
Creditors: amounts falling due within one year
8
86,783
501,463
------------
------------
Net current assets
5,020,276
4,970,022
------------
------------
Total assets less current liabilities
5,681,688
5,519,578
------------
------------
Net assets
5,681,688
5,519,578
------------
------------
Capital and reserves
Called up share capital
160
160
Profit and loss account
5,681,528
5,519,418
------------
------------
Shareholders funds
5,681,688
5,519,578
------------
------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
RHTL Ltd.
Statement of Financial Position (continued)
31 March 2024
These financial statements were approved by the board of directors and authorised for issue on 27 March 2025 , and are signed on behalf of the board by:
Mr L Reeves
Director
Company registration number: 08732324
RHTL Ltd.
Notes to the Financial Statements
Year ended 31 March 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Camburgh House, 27 New Dover Road, Canterbury, Kent, CT1 3DN, United Kingdom.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment
-
33% straight line
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2023: 2 ).
5. Tangible assets
Equipment
£
Cost
At 1 April 2023
16,224
Additions
1,193
--------
At 31 March 2024
17,417
--------
Depreciation
At 1 April 2023
15,388
Charge for the year
601
--------
At 31 March 2024
15,989
--------
Carrying amount
At 31 March 2024
1,428
--------
At 31 March 2023
836
--------
6. Investments
Shares in participating interests
Other investments other than loans
Total
£
£
£
Cost
At 1 April 2023
35
548,685
548,720
Additions
119,624
119,624
Disposals
( 8,360)
( 8,360)
----
---------
---------
At 31 March 2024
35
659,949
659,984
----
---------
---------
Impairment
At 1 April 2023 and 31 March 2024
----
---------
---------
Carrying amount
At 31 March 2024
35
659,949
659,984
----
---------
---------
At 31 March 2023
35
548,685
548,720
----
---------
---------
7. Debtors
2024
2023
£
£
Trade debtors
73,333
73,333
Other debtors
1,359,347
1,257,572
------------
------------
1,432,680
1,330,905
------------
------------
8. Creditors: amounts falling due within one year
2024
2023
£
£
Other creditors
86,783
501,463
--------
---------
9. Related party transactions
At the year end the company owed £82,748 (2023: £497,382) to the Director.