JH Rockingham Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10873156 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2019

FOR

JH ROCKINGHAM LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr J V T Rajah

Mr P Dipino

REGISTERED OFFICE:

8 Waterloo Court

10 Theed Street

London

SE1 8ST

REGISTERED NUMBER:

10873156 (England and Wales)

ACCOUNTANTS:

Raffingers LLP

Chartered Certified Accountants

19-20 Bourne Court

Southend Road

Woodford Green

Essex

IG8 8HD

CURRENT ASSETS

Stocks

5,527,325

343,946

Debtors

2,303,295

11,708

Cash at bank

1,127

-

7,831,747

355,654

CREDITORS

Amounts falling due within one year

7,832,588

355,554

NET CURRENT (LIABILITIES)/ASSETS

(841

)

100

TOTAL ASSETS LESS CURRENT LIABILITIES

(841

)

100

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(941

)

-

(841

)

100

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2019 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 May 2019 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 26 February 2020 and were signed on its behalf by:

Mr J V T Rajah - Director

1.	STATUTORY INFORMATION

JH Rockingham Limited is a private company, limited by shares , registered in England and Wales. The company's

registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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.

The accounts have been prepared on the going concern basis as the directors are of the opinion that the company will meet

its liabilities as and when due, due to the continued support of the directors.

Stocks

Property that is held with the intention of selling is included in stocks. Stocks are valued at the lower of cost, including

associated costs and net realisable value. Net realisable value is the estimated selling price in the ordinary course of

business less the estimated costs of completion and selling expenses.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent

that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively

enacted by the balance sheet date.

Deferred tax

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.

Short term debtors and creditors

Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from

impairment are recognised in the profit and loss account.

Borrowing costs

Borrowing costs which are directly attributable to the acquisition, construction or production of a qualifying

asset are capitalised.

During the year, borrowings costs amounting to £218,613 have been capitalised as part of stocks.

3.	SECURED DEBTS

The following secured debts are included within creditors:

2019

2018

£

£

Bank loans

3,640,000

-

The bank loan is secured by way of a fixed and floating charge over the properties held by the company.

4.	RELATED PARTY DISCLOSURES

At the balance sheet date, the company owed £181,470 (2018: £12,072) to Avani Construction Ltd, a company in which Mr

J V T Rajah is a director.