2 2 R A House Limited 11710728 false 2024-01-01 2024-12-31 2024-12-31 The principal activity of the company is painting. Digita Accounts Production Advanced 6.30.9574.0 true 11710728 2024-01-01 2024-12-31 11710728 2024-12-31 11710728 bus:Director2 1 2024-12-31 11710728 bus:OrdinaryShareClass1 bus:OtherShareType 2024-12-31 11710728 core:RetainedEarningsAccumulatedLosses 2024-12-31 11710728 core:ShareCapital 2024-12-31 11710728 core:CurrentFinancialInstruments 2024-12-31 11710728 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 11710728 core:MotorVehicles 2024-12-31 11710728 bus:SmallEntities 2024-01-01 2024-12-31 11710728 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 11710728 bus:FilletedAccounts 2024-01-01 2024-12-31 11710728 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 11710728 bus:RegisteredOffice 2024-01-01 2024-12-31 11710728 bus:Director1 2024-01-01 2024-12-31 11710728 bus:Director2 2024-01-01 2024-12-31 11710728 bus:Director2 1 2024-01-01 2024-12-31 11710728 bus:OrdinaryShareClass1 bus:OtherShareType 2024-01-01 2024-12-31 11710728 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 11710728 bus:Agent1 2024-01-01 2024-12-31 11710728 core:MotorVehicles 2024-01-01 2024-12-31 11710728 countries:UnitedKingdom 2024-01-01 2024-12-31 11710728 2023-12-31 11710728 bus:Director2 1 2023-12-31 11710728 core:MotorVehicles 2023-12-31 11710728 2023-01-01 2023-12-31 11710728 2023-12-31 11710728 bus:OrdinaryShareClass1 bus:OtherShareType 2023-12-31 11710728 core:RetainedEarningsAccumulatedLosses 2023-12-31 11710728 core:ShareCapital 2023-12-31 11710728 core:CurrentFinancialInstruments 2023-12-31 11710728 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 11710728 core:MotorVehicles 2023-12-31 xbrli:pure iso4217:GBP xbrli:shares

Registration number: 11710728

R A House Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2024

 

R A House Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 9

 

R A House Limited

Company Information

Directors

Mrs C E House

Mr R A House

Registered office

31 Charnwood Way
Blackfield
Southampton
Hampshire
SO45 1ZL

Accountants

Numeric Accounting
Chartered Certified AccountantsSuite 1 The Portway Centre
Old Sarum Park
Old Sarum
Salisbury
Wiltshire
SP4 6EB

 

R A House Limited

(Registration number: 11710728)
Balance Sheet as at 31 December 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

9,508

12,678

Current assets

 

Stocks

5

-

478

Debtors

6

690

431

Cash at bank and in hand

 

93,202

77,482

 

93,892

78,391

Creditors: Amounts falling due within one year

7

(23,839)

(29,984)

Net current assets

 

70,053

48,407

Total assets less current liabilities

 

79,561

61,085

Provisions for liabilities

(1,807)

(2,409)

Net assets

 

77,754

58,676

Capital and reserves

 

Called up share capital

8

100

100

Retained earnings

77,654

58,576

Shareholders' funds

 

77,754

58,676

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 13 May 2025 and signed on its behalf by:
 

 

R A House Limited

(Registration number: 11710728)
Balance Sheet as at 31 December 2024 (continued)

.........................................
Mr R A House
Director

 

R A House Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1

General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
31 Charnwood Way
Blackfield
Southampton
Hampshire
SO45 1ZL

These financial statements were authorised for issue by the Board on 13 May 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.


Cost of sales

The cost of sales is the accumulated total of all costs used to create a product or service, which has been sold.

 

R A House Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

2

Accounting policies (continued)

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Motor Vehicle

25% Reducing Balance

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are 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.

 

R A House Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

2

Accounting policies (continued)

Financial instruments

Classification
A financial instrument is a contract that gives rise to a financial asset of one entity and a financial liability or equity instrument of another entity.
 Recognition and measurement
When a financial asset or financial liability is recognised initially, the entity shall measure it at the transaction price unless the arrangement constitutes, in effect, a financing transaction. An arrangement constitutes a financing transaction if payment is deferred beyond normal business terms or is financed at a rate of interest that is not a market rate.

At the end of each reporting period, an entity shall measure all financial instruments which constitute a financing arrangement at fair value and recognise changes in fair value in profit or loss.

 

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

 

R A House Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

4

Tangible assets

Motor vehicles
 £

Total
£

Cost or valuation

At 1 January 2024

24,190

24,190

At 31 December 2024

24,190

24,190

Depreciation

At 1 January 2024

11,512

11,512

Charge for the year

3,170

3,170

At 31 December 2024

14,682

14,682

Carrying amount

At 31 December 2024

9,508

9,508

At 31 December 2023

12,678

12,678

5

Stocks

2024
£

2023
£

Other inventories

-

478

6

Debtors

Current

2024
£

2023
£

Prepayments

690

431

 

690

431

7

Creditors

Creditors: amounts falling due within one year

 

R A House Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

7

Creditors (continued)

2024
£

2023
£

Due within one year

Taxation and social security

10,793

8,319

Accruals and deferred income

-

701

Other creditors

13,046

20,964

23,839

29,984

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

100

100

100

100

       

9

Dividends

2024

2023

£

£

Interim dividend of £120.00 (2023 - £50.00) per ordinary share

12,000

5,000

 

 

10

Related party transactions

Transactions with directors

 

R A House Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

10

Related party transactions (continued)

2024

At 1 January 2024
£

Advances to director
£

Other payments made to company by director
£

At 31 December 2024
£

Mr R A House

The loan was interest free and is repayable on demand.

(20,138)

16,432

(9,096)

(12,802)