Rukhshussain Ltd Filleted accounts for Companies House (small and micro)

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COMPANY REGISTRATION NUMBER: 10098917

Rukhshussain Ltd

Filleted Unaudited Financial Statements

30 April 2021

Rukhshussain Ltd

Statement of Financial Position

30 April 2021

	2021		2020
Note	£	£	£

Fixed assets

Tangible assets	4	849	–
Investments	5	247,440	210,934
		---------	---------
		248,289	210,934

Current assets

Debtors	6	26,739	31,954
Cash at bank and in hand		3,422	9,350
		--------	--------
		30,161	41,304

Creditors: amounts falling due within one year	7	46,558		60,677
		--------		--------
Net current liabilities			16,397	19,373
			---------	---------
Total assets less current liabilities			231,892	191,561

Creditors: amounts falling due after more than one year	8	23,000	–
		---------	---------
Net assets		208,892	191,561
		---------	---------

Capital and reserves

Called up share capital	10	10
Profit and loss account	208,882	191,551
	---------	---------
Shareholders funds	208,892	191,561
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 30 April 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- 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 ;

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

Rukhshussain Ltd

Statement of Financial Position (continued)

30 April 2021

These financial statements were approved by the board of directors and authorised for issue on 17 November 2021 , and are signed on behalf of the board by:

Miss Hussain
Director

Company registration number: 10098917

Rukhshussain Ltd

Notes to the Financial Statements

Year ended 30 April 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 Park Square Barristers, 6 Park Square East, Leeds, LS1 2LW, England.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

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. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

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:

	Equipment	-	15 % reducing balance

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Financial instruments

A financial asset or a financial liability is recognised only when the entity 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. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

4. Tangible assets

	Equipment
	£
Cost
At 1 May 2020	–
Additions	999
	----
At 30 April 2021	999
	----
Depreciation
At 1 May 2020	–
Charge for the year	150
	----
At 30 April 2021	150
	----
Carrying amount
At 30 April 2021	849
	----
At 30 April 2020	–
	----

5. Investments

	Other investments other than loans
	£
Cost
At 1 May 2020	210,934
Additions	49,950
Other movements	( 13,444)
	---------
At 30 April 2021	247,440
	---------
Impairment
At 1 May 2020 and 30 April 2021	–
	---------

Carrying amount
At 30 April 2021	247,440
	---------
At 30 April 2020	210,934
	---------

6. Debtors

	2021	2020
	£	£
Trade debtors	739	5,954
Other debtors	26,000	26,000
	--------	--------
	26,739	31,954
	--------	--------

7. Creditors: amounts falling due within one year

	2021	2020
	£	£
Trade creditors	–	1,096
Corporation tax	8,173	20,272
Social security and other taxes	4,307	2,786
Other creditors	34,078	36,523
	--------	--------
	46,558	60,677
	--------	--------

8. Creditors: amounts falling due after more than one year

	2021	2020
	£	£
Other creditors	23,000	–
	--------	----

9. Director's advances, credits and guarantees

At the period end the company owed the director £32,776 (2020 - £35,308). This amount is interest free and repayable on demand.