Registered number
14593066
Rife Lodges Ltd
Filleted Accounts
31 March 2025
Rife Lodges Ltd
Registered number: 14593066
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 30,343 37,540
Current assets
Stocks 750 750
Debtors 4 1,045 1,496
Cash at bank and in hand 62,659 32,456
64,454 34,702
Creditors: amounts falling due within one year 5 (13,689) (11,045)
Net current assets 50,765 23,657
Total assets less current liabilities 81,108 61,197
Creditors: amounts falling due after more than one year 6 (40,000) (40,000)
Net assets 41,108 21,197
Capital and reserves
Called up share capital 100 100
Profit and loss account 41,008 21,097
Shareholder's funds 41,108 21,197
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 her 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.
Mrs S J Kilhams
Director
Approved by the board on 24 April 2025
Rife Lodges Ltd
Notes to the Accounts
for the year ended 31 March 2025
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.
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:
Plant and machinery 20% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. 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
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.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2024 46,926
Additions 389
At 31 March 2025 47,315
Depreciation
At 1 April 2024 9,386
Charge for the year 7,586
At 31 March 2025 16,972
Net book value
At 31 March 2025 30,343
At 31 March 2024 37,540
4 Debtors 2025 2024
£ £
Trade debtors 795 1,303
Other debtors 250 193
1,045 1,496
5 Creditors: amounts falling due within one year 2025 2024
£ £
Trade creditors 340 -
Taxation and social security costs 3,627 -
Other creditors 9,722 11,045
13,689 11,045
6 Creditors: amounts falling due after one year 2025 2024
£ £
Other creditors 40,000 40,000
7 Other information
Rife Lodges Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Demar House, 14 Church Road
East Wittering
Chichester
West Sussex
PO20 8PS
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