Richaire Limited 30/09/2021 iXBRL
Richaire Limited 30/09/2021 iXBRL
Company registration number:
01071934
Contents
Statement of financial position
Notes to the financial statements
Statement of financial position
30 September 2021
2021 | 2020 | ||||||||
Note | £ | £ | £ | £ | |||||
Fixed assets | |||||||||
Tangible assets | 5 |
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_______ | _______ | ||||||||
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Current assets | |||||||||
Debtors | 6 |
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Cash at bank and in hand |
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Creditors: amounts falling due | |||||||||
within one year | 7 |
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Net current assets |
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_______ | _______ | ||||||||
Total assets less current liabilities |
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Provisions for liabilities |
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Net assets |
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_______ | _______ | ||||||||
Capital and reserves | |||||||||
Called up share capital |
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Revaluation reserve |
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Capital redemption reserve |
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Profit and loss account |
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_______ | _______ | ||||||||
Shareholders funds |
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_______ | _______ | ||||||||
Directors responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
30 June 2022
, and are signed on behalf of the board by:
Director
Company registration number:
01071934
Notes to the financial statements
Year ended 30 September 2021
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Brooklands House, 58 Marlborough Road, Lancing, West Sussex, BN15 8AF.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Taxation
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Freehold property | - |
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Plant and machinery | - |
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Fittings fixtures and equipment | - |
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Computer Equipment | - |
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straight line | |
Impairment
Government grants
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received.
Government grants are recognised using the accrual model.
Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable.
Provisions
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently measured at amortised cost.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
2
(2020:
2
).
5.
Tangible assets
Freehold property | Plant and machinery | Fixtures, fittings and equipment | Computer | Total | ||
£ | £ | £ | £ | £ | ||
Cost | ||||||
At 1 October 2020 and 30 September 2021 |
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Depreciation | ||||||
At 1 October 2020 |
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Charge for the year |
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- |
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_______ | _______ | _______ | _______ | _______ | ||
At 30 September 2021 |
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_______ | _______ | _______ | _______ | _______ | ||
Carrying amount | ||||||
At 30 September 2021 |
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_______ | _______ | _______ | _______ | _______ | ||
At 30 September 2020 |
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_______ | _______ | _______ | _______ | _______ | ||
Tangible assets held at valuation
Freehold land and buildings were valued at an open market basis on 30th September 2013 by the directors.
6.
Debtors
2021 | 2020 | |||
£ | £ | |||
Trade debtors |
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Other debtors |
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7.
Creditors: amounts falling due within one year
2021 | 2020 | |||
£ | £ | |||
Trade creditors | - |
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Corporation tax |
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Social security and other taxes |
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Other creditors |
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_______ | _______ | |||
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_______ | _______ | |||
8.
Directors advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company: | ||||
2021 | ||||
Balance brought forward | Advances /(credits) to the directors | Balance o/standing | ||
£ | £ | £ | ||
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_______ | _______ | _______ | ||
2020 | ||||
Balance brought forward | Advances /(credits) to the directors | Balance o/standing | ||
£ | £ | £ | ||
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9.
Related party transactions
Included in other debtors is £317,476 (2020 - £317,476) owed by 1.61 London Limited.1.61 London Limited is controlled by MN and AC Christou, who are both directors of
Richaire Limited
. The loans are interest free and repayable on demand.