Rainham Homes Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07587966 (England and Wales)

Rainham Homes Ltd

Unaudited Financial Statements for the Year Ended 31 March 2020

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

Mrs T Johnson

REGISTERED OFFICE:

3 - 5 London Road

Rainham

Gillingham

Kent

ME8 7RG

BUSINESS ADDRESS:

135 High Street

Rainham

Kent

ME8 8BD

REGISTERED NUMBER:

07587966 (England and Wales)

ACCOUNTANTS:

Aggarwal & Co Limited

Chartered Accountants

5 London Road

Rainham

Gillingham

Kent

ME8 7RG

FIXED ASSETS

Tangible assets

4

1,598

2,387

CURRENT ASSETS

Debtors

5

4,250

9,260

Cash at bank and in hand

443

5,514

4,693

14,774

CREDITORS

Amounts falling due within one year

6

5,630

8,514

NET CURRENT (LIABILITIES)/ASSETS

(937

)

6,260

TOTAL ASSETS LESS CURRENT LIABILITIES

661

8,647

PROVISIONS FOR LIABILITIES

7

304

454

NET ASSETS

357

8,193

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

257

8,093

SHAREHOLDERS' FUNDS

357

8,193

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

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

The financial statements were approved by the director and authorised for issue on 26 May 2020 and were signed by:

Mrs T Johnson - Director

1.	STATUTORY INFORMATION

Rainham Homes Ltd 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.

Income recognition

Income represents the fair value of consideration received or receivable derived from services to customers during the

year (excluding value added tax) and is recognised when the company becomes entitled to it, usually on the rendering of

an invoice.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Fixtures and fittings

-

33% on reducing balance

Office equipment

-

33% on reducing balance

Financial instruments

The Company enters into basic financial instruments that result in the recognition of financial assets and liabilities like

trade and other accounts receivable and payable, which are measured at fair value, with changes recognised in profit or

loss.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme

are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2019 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2019

and 31 March 2020

7,350

DEPRECIATION

At 1 April 2019

4,963

Charge for year

789

At 31 March 2020

5,752

NET BOOK VALUE

At 31 March 2020

1,598

At 31 March 2019

2,387

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade debtors

-

9,260

Other debtors

4,250

-

4,250

9,260

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade creditors

241

1,516

Taxation and social security

2,663

5,381

Other creditors

2,726

1,617

5,630

8,514

7.	PROVISIONS FOR LIABILITIES

2020

2019

£

£

Deferred tax

304

454

Deferred

tax

£

Balance at 1 April 2019

454

Credit to Income Statement during year

(150

)

Balance at 31 March 2020

304