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REGISTERED NUMBER: 10308783 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

FOR

DOWNEY RCM CONSULTING LIMITED

DOWNEY RCM CONSULTING LIMITED (REGISTERED NUMBER: 10308783)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


DOWNEY RCM CONSULTING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTOR: Mr I Downey





REGISTERED OFFICE: Fraser Ross House
24 Broad Street
Stamford
Lincolnshire
PE9 1PJ





REGISTERED NUMBER: 10308783 (England and Wales)





ACCOUNTANTS: Brayshaw Morey
Certified Public Accountants
Fraser Ross House
24 Broad Street
Stamford
Lincolnshire
PE9 1PJ

DOWNEY RCM CONSULTING LIMITED (REGISTERED NUMBER: 10308783)

STATEMENT OF FINANCIAL POSITION
31 AUGUST 2024

31.8.24 31.8.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 5 6,303 38,464
Investment property 6 440,000 450,000
446,303 488,464

CURRENT ASSETS
Stocks - 20,000
Debtors 7 8,521 136,824
Cash at bank 47,322 56,020
55,843 212,844
CREDITORS
Amounts falling due within one year 8 18,643 65,542
NET CURRENT ASSETS 37,200 147,302
TOTAL ASSETS LESS CURRENT
LIABILITIES

483,503

635,766

CREDITORS
Amounts falling due after more than one
year

9

(316,428

)

(332,484

)

PROVISIONS FOR LIABILITIES - (106 )
NET ASSETS 167,075 303,176

CAPITAL AND RESERVES
Called up share capital 10 2 2
Fair value reserve 11 (10,937 ) (759 )
Retained earnings 11 178,010 303,933
SHAREHOLDERS' FUNDS 167,075 303,176

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

DOWNEY RCM CONSULTING LIMITED (REGISTERED NUMBER: 10308783)

STATEMENT OF FINANCIAL POSITION - continued
31 AUGUST 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 April 2025 and were signed by:





Mr I Downey - Director


DOWNEY RCM CONSULTING LIMITED (REGISTERED NUMBER: 10308783)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1. STATUTORY INFORMATION

Downey Rcm Consulting Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 20% on reducing balance and 20% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.


DOWNEY RCM CONSULTING LIMITED (REGISTERED NUMBER: 10308783)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

3. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2023 53,905
Additions 761
Disposals (38,243 )
At 31 August 2024 16,423
DEPRECIATION
At 1 September 2023 15,441
Charge for year 2,328
Eliminated on disposal (7,649 )
At 31 August 2024 10,120
NET BOOK VALUE
At 31 August 2024 6,303
At 31 August 2023 38,464

DOWNEY RCM CONSULTING LIMITED (REGISTERED NUMBER: 10308783)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 September 2023 38,243
Disposals (38,243 )
At 31 August 2024 -
DEPRECIATION
At 1 September 2023 7,649
Eliminated on disposal (7,649 )
At 31 August 2024 -
NET BOOK VALUE
At 31 August 2024 -
At 31 August 2023 30,594

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2023 450,000
Revaluations (10,000 )
At 31 August 2024 440,000
NET BOOK VALUE
At 31 August 2024 440,000
At 31 August 2023 450,000

Fair value at 31 August 2024 is represented by:
£   
Valuation in 2022 29,063
Valuation in 2023 (30,000 )
Valuation in 2024 (10,000 )
Cost 450,937
440,000

DOWNEY RCM CONSULTING LIMITED (REGISTERED NUMBER: 10308783)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors - 136,335
Other debtors 8,521 489
8,521 136,824

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans and overdrafts 8,000 8,000
Hire purchase contracts 62 6,744
Taxation and social security 9,263 50,374
Other creditors 1,318 424
18,643 65,542

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans 316,428 324,503
Hire purchase contracts - 7,981
316,428 332,484

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.24 31.8.23
value: £    £   
1 A Ordinary £1 1 1
1 Ordinary £1 1 1
2 2

11. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 September 2023 303,933 (759 ) 303,174
Deficit for the year (42,601 ) (42,601 )
Dividends (93,500 ) (93,500 )
Transfer of realised profit 10,178 (10,178 ) -
At 31 August 2024 178,010 (10,937 ) 167,073