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 2022

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

4,580

2,041

CURRENT ASSETS

Debtors

5

3,514

7,860

Cash at bank

45,382

85,527

48,896

93,387

CREDITORS

Amounts falling due within one year

6

16,368

55,683

NET CURRENT ASSETS

32,528

37,704

TOTAL ASSETS LESS CURRENT LIABILITIES

37,108

39,745

PROVISIONS FOR LIABILITIES

870

388

NET ASSETS

36,238

39,357

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

36,138

39,257

SHAREHOLDERS' FUNDS

36,238

39,357

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 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 10 June 2022 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.

Plant and machinery etc

-

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.

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.

Going concern

The financial statements have been prepared on a going concern basis. While the impact of the COVID-19 virus has been assessed by the directors, so far as reasonably possible, due to its unprecedented impact on the wider economy, it is difficult to evaluate with any certainty the potential outcomes on the company's trade, its customers and suppliers. However, taking into consideration the UK Government's response/financial support and the company's planning, the directors have a reasonable expectation that the company will continue in operational existence for the foreseeable future.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2021 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2021

8,798

Additions

4,883

At 31 March 2022

13,681

DEPRECIATION

At 1 April 2021

6,757

Charge for year

2,344

At 31 March 2022

9,101

NET BOOK VALUE

At 31 March 2022

4,580

At 31 March 2021

2,041

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade debtors

3,380

7,860

Other debtors

134

-

3,514

7,860

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade creditors

63

924

Taxation and social security

7,814

29,097

Other creditors

8,491

25,662

16,368

55,683