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COMPANY REGISTRATION NUMBER: 05989655
RHP Merchants and Construction Limited
Filleted Unaudited Financial Statements
For the year ended
30 November 2024
RHP Merchants and Construction Limited
Statement of Financial Position
30 November 2024
2024
2023
Note
£
£
Current assets
Debtors
3
151,164
153,283
Cash at bank and in hand
1
17
---------
---------
151,165
153,300
Creditors: amounts falling due within one year
4
647,070
639,837
---------
---------
Net current liabilities
495,905
486,537
---------
---------
Total assets less current liabilities
( 495,905)
( 486,537)
Creditors: amounts falling due after more than one year
5
27,748
32,677
---------
---------
Net liabilities
( 523,653)
( 519,214)
---------
---------
Capital and reserves
Called up share capital
1
1
Profit and loss account
( 523,654)
( 519,215)
---------
---------
Shareholders deficit
( 523,653)
( 519,214)
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.
For the year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 28 August 2025 , and are signed on behalf of the board by:
Mr RL Hayward
Director
Company registration number: 05989655
RHP Merchants and Construction Limited
Notes to the Financial Statements
Year ended 30 November 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 3 Beachcliff The Esplanade, CF64 3AS, Penarth.
2. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The accounts show the company had net liabilities of £523,653 at the balance sheet date. The director had therefore had to consider the appropriateness of the going concern basis. The company has been able to finance its operations largely because of the support from the director and other creditors. Were this support not available, the company may not be able to continue trading. The director is confident that the company will be able to meet its obligations for at least the next twelve months with the continuing support of these creditors. He therefore considers it appropriate to prepare the accounts on the going concern basis.
Financial instruments
Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship (see hedge accounting policy). Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
3. Debtors
2024
2023
£
£
Trade debtors
5,975
2,986
Amounts owed by group undertakings and undertakings in which the company has a participating interest
145,189
150,297
---------
---------
151,164
153,283
---------
---------
4. Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
7,342
7,342
Trade creditors
18,348
6,655
Amounts owed to group undertakings and undertakings in which the company has a participating interest
46,994
Social security and other taxes
16,149
16,149
Other creditors - inter co
4,928
Other creditors
605,231
557,769
---------
---------
647,070
639,837
---------
---------
5. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
27,748
32,677
--------
--------