RNH_FINANCIAL_SOLUTIONS_LIMITED_28_Feb_2025_companies_house_set_of

RNH Financial Solutions Limited

Report to the board of directors on the preparation of the unaudited statutory financial statements of RNH Financial Solutions Limited

Year ended

28 February 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements

RNH Financial Solutions Limited

for the year ended

28 February 2025

which comprise the income statement, statement of income and retained earnings, statement of financial position and related notes from the company’s accounting records and from information and explanations you have given us.

As a practising member firm of the ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the Board of Directors of

RNH Financial Solutions Limited

, as a body, in accordance with the terms of our engagement letter dated 14 March 2014. Our work has been undertaken solely to prepare for your approval the

financial statements

RNH Financial Solutions Limited

and state those matters that we have agreed to state to the Board of Directors of

RNH Financial Solutions Limited

, as a body, in this report in accordance with the requirements of the ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than

RNH Financial Solutions Limited

and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that

RNH Financial Solutions Limited

has kept adequate accounting records and to prepare statutory

financial statements

that give a true and fair view of the assets, liabilities, financial position and profit of

RNH Financial Solutions Limited

. You consider that

RNH Financial Solutions Limited

is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of RNH Financial Solutions Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

R Iain Gardner & Co

Chartered Accountants

2 Bishops Park

Thorntonhall

Glasgow

G74 5AF

United Kingdom

Date:

22 November 2025

RNH Financial Solutions Limited

Notes to the Financial Statements

Year ended

28 February 2025

1 General information

The company is a private company limited by shares and is registered in Scotland. The address of the registered office is

2 Bishops Park

Thorntonhall

Glasgow

South Lanarkshire

G74 5AF

, Scotland.

2 Statement of compliance

These

financial statements

have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The

financial statements

have been prepared on the historical cost basis, as modified by the revaluation of certain assets.

The

financial statements

are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.

Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Office equipment

25% reducing balance

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price and are subsequently measured as follows: Debt instruments are subsequently measured at amortised cost and commitments to receive a loan and to make a loan to another entity are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment.

All other financial instruments, including derivatives, are initially recognised at fair value, which is normally the transaction price and are subsequently measured at fair value, with any changes recognised in profit or loss.

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.

All equity instruments regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is more likely than not that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured on an undiscounted basis at the tax rates that would apply in the periods in which timing differences are expected to reverse, based on tax rates and laws enacted at the statement of financial position date.

Provisions for liabilities

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

Defined contribution pension plan

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4 Average number of employees

The average number of persons employed by the company during the year was

(2024:

5 Tangible assets

	Plant and machinery etc.
	£
Cost
At 1 March 2024	4,137
Additions	2,724
At 28 February 2025	6,861
Depreciation
At 1 March 2024	2,356
Charge	1,126
At 28 February 2025	3,482
Carrying amount
At 28 February 2025	3,379
At 29 February 2024	1,781

6 Debtors

	2025	2024
	£	£
Trade debtors	7,150	-
Other debtors	49,912	47,488
	57,062	47,488

7 Creditors: amounts falling due within one year

	2025	2024
	£	£
Taxation and social security	11,293	17,144
Other creditors	4,874	3,499
	16,167	20,643

8 Director's advances, credit and guarantees

Included within other debtors is £49,912 (2024: £47,488) due by the director. During the year, the director recived a dividend of £30,000 (2024: £30,000).

9 Controlling party

The company was under the control of Rahma Hussain-Qureshi during the current and previous periods by virtue of her 100% shareholding.

		2025		2024
	Note	£		£
Fixed assets
Tangible assets	5	3,379		1,781
Current assets
Debtors	6	57,062		47,488
Cash at bank and in hand		49,003		53,344
		106,065		100,832
Creditors: amounts falling due within one year	7	(16,167	)	(20,643	)
Net current assets		89,898		80,189
Total assets less current liabilities		93,277		81,970
Provisions for liabilities		(642	)	-
Net assets		92,635		81,970
Capital and reserves
Called up share capital		1		1
Profit and loss account		92,634		81,969
Shareholders funds		92,635		81,970