| R & I Innovation Limited |
| Registered number: |
07469996 |
| Balance Sheet |
| as at 31 December 2025 |
|
| Notes |
|
|
2025 |
|
|
2024 |
| £ |
£ |
| Current assets |
| Cash at bank and in hand |
|
|
146 |
|
|
33 |
|
| Creditors: amounts falling due within one year |
3 |
|
(12,976) |
|
|
(14,373) |
|
| Net current liabilities |
|
|
|
(12,830) |
|
|
(14,340) |
|
| Total assets less current liabilities |
|
|
|
(12,830) |
|
|
(14,340) |
|
| Creditors: amounts falling due after more than one year |
4 |
|
|
(20,000) |
|
|
(10,978) |
|
| Net liabilities |
|
|
|
(32,830) |
|
|
(25,318) |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
166 |
|
|
166 |
| Profit and loss account |
|
|
|
(32,996) |
|
|
(25,484) |
|
| Shareholders' funds |
|
|
|
(32,830) |
|
|
(25,318) |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| Ms. I Mayers |
| Director |
| Approved by the board on 22 September 2026 |
|
| R & I Innovation Limited |
| Notes to the Accounts |
| for the year ended 31 December 2025 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of discounts. Turnover includes revenue earned from the rendering of services and is recognised by reference to the stage of completion of the contract which is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
2 |
|
2 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Bank loans and overdrafts |
978 |
|
1,176 |
|
Taxation and social security costs |
273 |
|
- |
|
Other creditors |
11,725 |
|
13,197 |
|
|
|
|
|
|
12,976 |
|
14,373 |
|
|
|
|
|
|
|
|
|
|
|
|
| 4 |
Creditors: amounts falling due after one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Director's Loan account |
20,000 |
|
10,000 |
|
Bank loans |
- |
|
978 |
|
|
|
|
|
|
20,000 |
|
10,978 |
|
|
|
|
|
|
|
|
|
|
Included in creditors is £29,667 (2024: £29,667), of which £20,000 (2024: £10,000) is a long-term loan, owing to a director. The loan is interest-free and there is no fixed date of repayment. The director has confirmed that the loan will only be repaid as and when cash flow permits. |
|
|
| 5 |
Going concern |
|
|
The company is dependent on the continued support of its creditors to continue in business. |
|
|
| 6 |
Related party transactions |
|
|
A management fee of £20,000 (2024: £40,000) was charged in the year to the director, Mrs I Mayers, in relation to property services provided. |
|
|
| 7 |
Controlling party |
|
|
The company is controlled by the director, A J Saeidi, Esq, who owns 72% of the issued share capital of the company |
|
|
| 8 |
Other information |
|
|
R & I Innovation Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
|
Devonshire House |
|
Manor Way |
|
Borehamwood |
|
Hertfordshire |
|
WD6 1QQ |