R House Assets Management Ltd - Accounts to registrar (filleted) - small 18.2

R House Assets Management Ltd - Accounts to registrar (filleted) - small 18.2

R HOUSE ASSETS MANAGEMENT LTD - Company Information

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REGISTERED NUMBER: 09965326 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JANUARY 2022

FOR

R HOUSE ASSETS MANAGEMENT LTD
R HOUSE ASSETS MANAGEMENT LTD (REGISTERED NUMBER: 09965326)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JANUARY 2022










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


R HOUSE ASSETS MANAGEMENT LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JANUARY 2022







DIRECTOR: Mr A Chong





REGISTERED OFFICE: No. 5 Cosmo House
53 Wood Street
Barnet
EN5 4BS





REGISTERED NUMBER: 09965326 (England and Wales)





ACCOUNTANTS: Acuity Professional Partnership LLP
Unit 2.02
High Weald House
Glovers End
Bexhill
East Sussex
TN39 5ES
Page 1
R HOUSE ASSETS MANAGEMENT LTD (REGISTERED NUMBER: 09965326)

STATEMENT OF FINANCIAL POSITION
30 JANUARY 2022

2022 2021
Notes £    £   
CURRENT ASSETS
Debtors 4 140,460 116,840
Cash at bank 108,071 38,653
248,531 155,493
CREDITORS
Amounts falling due within one year 5 310,341 214,798
NET CURRENT LIABILITIES (61,810 ) (59,305 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
(61,810
)
(59,305
)

CAPITAL AND RESERVES
Called up share capital 6 100 100
Retained earnings (61,910 ) (59,405 )
SHAREHOLDERS' FUNDS (61,810 ) (59,305 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 January 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 January 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 October 2022 and were signed by:





Mr A Chong - Director


The notes form part of these financial statements

Page 2
R HOUSE ASSETS MANAGEMENT LTD (REGISTERED NUMBER: 09965326)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JANUARY 2022


1. STATUTORY INFORMATION

R House Assets Management 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.

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.

GOING CONCERN
The company's balance sheet shows a net deficit shareholders fund position. However, the director's have received confirmation from the shareholders of their continued financial support for the foreseeable future and for at least twelve months from the date of signature of these accounts.

TURNOVER
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

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 2 (2021 - 2 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 18,900 -
Other debtors 121,560 116,840
140,460 116,840

Page 3 continued...
R HOUSE ASSETS MANAGEMENT LTD (REGISTERED NUMBER: 09965326)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JANUARY 2022


5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade creditors 32,832 31,561
Taxation and social security 3,733 4,182
Other creditors 273,776 179,055
310,341 214,798

6. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2022 2021
value: £    £   
100 Ordinary £1 100 100

Page 4