ACCOUNTS - Final Accounts

RAH ADVISORY LIMITED - Company Information

Registered number: 07985534

RAH ADVISORY LIMITED

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2021


RAH ADVISORY LIMITED

CONTENTS

	Page
Statement of Financial Position	1 - 2
Notes to the Financial Statements	3 - 6


RAH ADVISORY LIMITED REGISTERED NUMBER:07985534

STATEMENT OF FINANCIAL POSITION

AS AT 31 MARCH 2021

		2021		2020
Note		£		£

Fixed assets
Tangible assets	4		1,380		4,339
Current assets
Debtors: amounts falling due within one year	5	18,000		19,448
Cash at bank and in hand		15,284		11,969
		33,284		31,417
Creditors: amounts falling due within one year	6	(217,865)		(205,720)
Net current liabilities			(184,581)		(174,303)

Net liabilities			(183,201)		(169,964)

Capital and reserves
Called up share capital	7	1	1
Profit and loss account		(183,202)	(169,965)
		(183,201)	(169,964)

Page 1


RAH ADVISORY LIMITED REGISTERED NUMBER:07985534

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 MARCH 2021

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

R A Hyman

Director

Date: 6 December 2021

The notes on pages 3 to 6 form part of these financial statements.

Page 2


RAH ADVISORY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2021

1.	General information

RAH Advisory Limited is a limited liability company incorporated in England and Wales with its registered office at 5 Elstree Gate, Elstree Way, Borehamwood. Herfordshire, WD6 1JD.
The principal activity of the company was that of management consultancy and software development.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Going concern

The director has provided an interest free loan to the company for an indefinite period and will provide additional loans if required to enable it to continue trading for the foreseeable future. As a result the financial statements have been prepared on the going concern basis.

2.3

Turnover

Turnover comprises revenue recognised by the company in respect of services supplied during the period, exclusive of Value Added Tax and trade discounts.

2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is provided on the following basis:

				Office equipment	-	25% reducing balance
				Website development	-	4 years straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of Comprehensive Income.

2.5

Debtors

Short term debtors are measured at transaction price, less any impairment.

Page 3


RAH ADVISORY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2021

2.Accounting policies (continued)

2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty.

2.7

Creditors

Short term creditors are measured at the transaction price.

2.8

Interest income

Interest income is recognised in profit or loss using the effective interest method.

2.9

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Employees

The average monthly number of employees, including directors, during the year was 1 (2020 - 1).

Page 4


RAH ADVISORY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2021

4.	Tangible fixed assets

	Office equipment	Website Development	Total
	£	£	£
Cost or valuation
At 1 April 2020	7,865	21,995	29,860
At 31 March 2021	7,865	21,995	29,860
Depreciation
At 1 April 2020	6,025	19,496	25,521
Charge for the year on owned assets	460	2,499	2,959
At 31 March 2021	6,485	21,995	28,480
Net book value
At 31 March 2021	1,380	-	1,380
At 31 March 2020	1,840	2,499	4,339

Debtors

					2021	2020
					£	£


Trade debtors	18,000	19,448

6.	Creditors: Amounts falling due within one year
		2021	2020
		£	£

Taxation and social security	2,118	3,161
Other creditors	212,382	198,267
Accruals and deferred income	3,365	4,292
	217,865	205,720

Page 5


RAH ADVISORY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2021

7.	Share capital
		2021	2020
		£	£

Allotted, called up and fully paid

1 Ordinary share of £1	1	1

Page 6