Company registration number 01540475 (England and Wales)
R AND H PROPERTIES (1996) LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
PAGES FOR FILING WITH REGISTRAR
R AND H PROPERTIES (1996) LIMITED
CONTENTS
Page
Balance sheet
1
Statement of changes in equity
2
Notes to the financial statements
3 - 6
R AND H PROPERTIES (1996) LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2024
31 December 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Investments
3
75
75
Current assets
Debtors
4
24,477
24,477
Cash at bank and in hand
36,247
34,333
60,724
58,810
Creditors: amounts falling due within one year
5
(1,904,055)
(1,900,901)
Net current liabilities
(1,843,331)
(1,842,091)
Net liabilities
(1,843,256)
(1,842,016)
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
(1,843,356)
(1,842,116)
Total equity
(1,843,256)
(1,842,016)

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

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 directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 19 June 2025 and are signed on its behalf by:
D.B. Harrison
Director
Company registration number 01540475 (England and Wales)
R AND H PROPERTIES (1996) LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2024
- 2 -
Share capital
Profit and loss reserves
Total
£
£
£
Balance at 1 January 2023
100
(1,841,542)
(1,841,442)
Year ended 31 December 2023:
Loss and total comprehensive income
-
(574)
(574)
Balance at 31 December 2023
100
(1,842,116)
(1,842,016)
Year ended 31 December 2024:
Loss and total comprehensive income
-
(1,240)
(1,240)
Balance at 31 December 2024
100
(1,843,356)
(1,843,256)

The notes on pages 3 to 6 form part of these financial statements.

R AND H PROPERTIES (1996) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
- 3 -
1
Accounting policies
Company information

R and H Properties (1996) Limited is a private company limited by shares incorporated in England and Wales. The registered office is A12a Liverpool Business Centre, 25 Goodlass Road, Speke, Liverpool, Merseyside, L24 9HJ.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

1.2
Going concern

The financial statements have been prepared on a going concern basis, not withstanding that there are net liabilities as at 31 December 20true24 amounting to £1,843,256 the validity of which is dependent on the continued financial support of the directors and shareholders. The financial statements do not include any adjustments that would result from discontinuance of their financial support. On this basis, the directors consider that is is appropriate for the financial statements to be prepared on the going concern basis.

Turnover represents rent receivable from the company's investment properties.

The nature, timing of satisfaction of performance obligations and significant payment terms of the company's major sources of revenue are as follows:

1.3
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

1.4
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

R AND H PROPERTIES (1996) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 4 -
1.5
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.6
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.7
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

R AND H PROPERTIES (1996) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 5 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
-
0
-
0

 

3
Fixed asset investments
2024
2023
£
£
Investments
75
75
Movements in fixed asset investments
Shares in group undertakings
£
Cost or valuation
At 1 January 2024 & 31 December 2024
75
Carrying amount
At 31 December 2024
75
At 31 December 2023
75
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
24,477
24,477
5
Creditors: amounts falling due within one year
2024
2023
£
£
Amounts owed to group undertakings
340,152
261,844
Other creditors
1,563,903
1,639,057
1,904,055
1,900,901
R AND H PROPERTIES (1996) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 6 -
6
Related party transactions

Included in other debtors is an amount of £24,477 (2023: £24,477) due from Park Lane Coiffeur Limited, a company in which the directors have a material interests.

 

Included in other creditors is an amount of £340,151 (2023: £261,844) due to RHW Properties Limited, a company in which the directors have a material interests.

 

Included in other creditors are amounts due to the directors of £1,563,904 (2023: £1,639,058).

 

There are no specific terms for interest or repayment in respect of the above balances.

 

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