Company Registration No. 10403632 (England and Wales)
RV Homes Ltd
Unaudited financial statements
for the year ended 30 September 2024
RV Homes Ltd
Statement of financial position
as at 30 September 2024
Investment property
895,000
785,000
Cash at bank and in hand
4,906
5,020
Creditors: amounts falling due within one year
(63,292)
(454,170)
Net current liabilities
(58,165)
(448,535)
Total assets less current liabilities
837,890
336,583
Creditors: amounts falling due after more than one year
(471,723)
(91,873)
Provisions for liabilities
Deferred tax
(83,916)
(56,416)
Net assets
282,251
188,294
Called up share capital
100
100
Profit and loss account
282,151
188,194
Shareholders' funds
282,251
188,294
For the year ending 30 September 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 7 October 2025 and were signed on its behalf by
Mr R S Rana
Director
Company Registration No. 10403632
RV Homes Ltd
Notes to the Accounts
for the year ended 30 September 2024
RV Homes Ltd is a private company, limited by shares, registered in England and Wales, registration number 10403632. The registered office is Brooklyn House, Winchester Road, Southampton, Hampshire, SO16 7LG.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
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. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.
The accounts are presented in £ sterling.
Turnover represents rents receivable in the year.
Investment property, which is property held to earn rentals and/or for capital appreciation, is measured using the fair value model and stated at its fair value at the reporting end date. The surplus or deficit on revaluation is recognised in the profit and loss account.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% on reducing balance
Computer equipment
33% straight line apportionment
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent it relates to items recognised in comprehensive income or directly in equity.
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.
RV Homes Ltd
Notes to the Accounts
for the year ended 30 September 2024
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 October 2023
377
-
377
At 30 September 2024
377
1,449
1,826
At 1 October 2023
259
-
259
Charge for the year
29
483
512
At 30 September 2024
288
483
771
At 30 September 2024
89
966
1,055
At 30 September 2023
118
-
118
Fair value at 1 October 2023
785,000
Net gain from fair value adjustments
110,000
At 30 September 2024
895,000
Investment property has been included at its fair value. In the opinion of the directors this is the market value at the year end date. If investment property was stated on an historical cost basis rather than a fair value basis, the amount of £559,334 (2024: £559,334) would have been included.
Amounts falling due within one year
Accrued income and prepayments
221
198
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
40,112
438,195
Taxes and social security
2,585
1,087
Other creditors
2,365
3,995
Deferred income
6,769
2,401
RV Homes Ltd
Notes to the Accounts
for the year ended 30 September 2024
8
Creditors: amounts falling due after more than one year
2024
2023
Loans from directors
77,639
91,873
Bank loans are secured by a first legal charge over the company's assets.
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
The directors are owed the sum of £77,639 at the reporting date (2023 - £91,873). The loan is interest free and repayable on demand.
11
Average number of employees
During the year the average number of employees was 0 (2023: 0).