RLH MANAGEMENT LIMITED - Filleted accounts

RLH MANAGEMENT LIMITED - Filleted accounts

RLH MANAGEMENT LIMITED - Company Information

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Registered number
08130483
RLH MANAGEMENT LIMITED
Filleted Accounts
31 March 2022
RLH MANAGEMENT LIMITED
Registered number: 08130483
Statement of Financial Position
as at 31 March 2022
2022 2021
£ £
Current assets
Debtors 60,593 60,593
Cash at bank and in hand 689 724
61,282 61,317
Net current assets 61,282 61,317
Net assets 61,282 61,317
Capital and reserves
Called up share capital 1 1
Profit and loss account 61,281 61,316
Shareholders' funds 61,282 61,317
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
R Arora
Director
Approved by the board on 30 January 2023
RLH MANAGEMENT LIMITED
Notes to the Financial Statements
for the year ended 31 March 2022
1 Accounting policies
Basis of preparation
The financial statements have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses.

The assets' residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, if there is an indication of a significant change since the last reporting date.

Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant, machinery, fixtures and fittings 15% straight line
Impairment of fixed assets
Assets that are subject to depreciation are assessed at each reporting date to determine whether there is any indication that the assets are impaired. Where there is any indication that an asset may be impaired, the carrying value of the asset is tested for impairment. An impairment loss is recognised for the amount by which the asset's carrying amount exceeds its recoverable amount. The recoverable amount is the higher of an asset's fair value less costs to sell and value in use.
Financial assets
Financial assets, other than investments, are initially measured at transaction price (including transaction costs) and subsequently held at cost, less any impairment.
Financial liabilities and equity
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Reserves
The company's reserves are as follows:
1. Called up share capital reserve represents the nominal value of the shares issued.
2. Profit and loss account represents cumulative profits or losses, net of dividends paid and other adjustments.
2 Employees 2022 2021
Number Number
Average number of persons employed by the company 0 0
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