Registered number
09262357
RHU Investments Ltd
Filleted Accounts
31 March 2024
RHU Investments Ltd
Registered number: 09262357
Balance Sheet
as at 31 March 2024
Notes 2024 2023
Restated
£ £
Fixed assets
Tangible assets 4 1,064 2,128
Current assets
Stocks 156,158 201,673
Debtors 5 1,198 750
Cash at bank and in hand 5,043 10,635
162,399 213,058
Creditors: amounts falling due within one year 6 (141,323) (68,422)
Net current assets 21,076 144,636
Total assets less current liabilities 22,140 146,764
Creditors: amounts falling due after more than one year 7 (340,581) (345,658)
Net liabilities (318,441) (198,894)
Capital and reserves
Called up share capital 2 2
Profit and loss account (318,443) (198,896)
Shareholders' funds (318,441) (198,894)
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.
S P Game
Director
Approved by the board on 23 April 2025
RHU Investments Ltd
Notes to the Accounts
for the year ended 31 March 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.
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.
Plant and machinery straight line over 3 years
Stocks
Stocks are measured at the cost of open trading positions held at the balance sheet date. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
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
Taxation for the year comprises current and deferred tax. Current tax is recognised in the Profit & loss account at the amount of tax payable using current tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
2 Prior year adjustment
The company commenced trading in stocks, shares and foreign currencies in January 2022 but the results of the trading activity for the 3 months ended 31 March 2022 were included in the financial statements for the year ended 31 March 2023 in error. Sales were understated by £17,015, cost of sales were understated by £15,333 and other operating income was understated by £297 resulting in an understatement of reserves amounting to £1,979 at 31 March 2022. Stocks were understated by £217,370, other debtors were understated by £53 and other creditors were understated by £215,444.

The trading activities were incorrectly reported for the year to 31 March 2023 resulting in an overstatement of losses of £9,152 reflecting understated sales of £31,491,454, understated cost of sales of £31,471,753, understated overheads of £14,085 and understated other operating income £4,536. Stocks were understated by £201,673, other debtors were understated by £750, other creditors were understated by £191,291 and reserves were understated by £11,132.

The comparative figures have been restated to reflect the adjusted results.
3 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2023 3,192
At 31 March 2024 3,192
Depreciation
At 1 April 2023 1,064
Charge for the year 1,064
At 31 March 2024 2,128
Net book value
At 31 March 2024 1,064
At 31 March 2023 2,128
5 Debtors 2024 2023
Restated
£ £
Other debtors 1,198 750
6 Creditors: amounts falling due within one year 2024 2023
Restated
£ £
Trade creditors - 3,100
Other creditors 141,323 65,322
141,323 68,422
7 Creditors: amounts falling due after one year 2024 2023
Restated
£ £
Other creditors 340,581 345,658
8 Related party transactions
At 31 March 2024 the company owed £173,686 to one of the directors (2023: £210,204 as restated) and £166,895 to the other director (2023: £135,454 as restated). The loans are interest free and have no set repayment terms.
9 Controlling party
The company is controlled by the directors.
10 Other information
RHU Investments Ltd is a private company limited by shares and incorporated in England. Its registered office is:
20 Wenlock Road
London
England
N1 7GU
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