Rice Henley Properties Limited Filleted accounts for Companies House (small and micro)

RICE HENLEY PROPERTIES LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 05141406

Rice Henley Properties Limited

Filleted Unaudited Financial Statements

For the year ended

31 December 2022

Rice Henley Properties Limited

Statement of Financial Position

31 December 2022

	2022		2021
Note	£	£	£

Fixed assets

Investments	4		102	102

Current assets

Debtors	5	100		100

Creditors: amounts falling due within one year	6	102		102
		----		----
Net current liabilities			2	2
			----	----
Total assets less current liabilities			100	100
			----	----

Capital and reserves

Called up share capital	100	100
	----	----
Shareholders funds	100	100
	----	----

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 31 December 2022 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 his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 28 September 2023 , and are signed on behalf of the board by:

R J R Henley
Director

Company registration number: 05141406

Rice Henley Properties Limited

Notes to the Financial Statements

Year ended 31 December 2022

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Hyde House, The Hyde, Edgware Road, London, NW9 6LA.

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.

Consolidation

The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.

Investments

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

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

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.

4. Investments

	Shares in group undertakings
	£
Cost
At 1 January 2022 and 31 December 2022	102
	----
Impairment
At 1 January 2022 and 31 December 2022	–
	----

Carrying amount
At 31 December 2022	102
	----
At 31 December 2021	102
	----

The company owns 100% of the issued share capital of the companies listed below.

Aggregate capital and reserves

Rice Henley Developments Limited (property development)	(136,167)	(136,022)
Rice Henley Management Limited (property management)	102,253	117,168

Profit and (loss) for the year

Rice Henley Developments Limited	(145)	(1,123)
Rice Henley Management Limited	(14,917)	(26,973)

5. Debtors

	2022	2021
	£	£
Other debtors	100	100
	----	----

6. Creditors: amounts falling due within one year

	2022	2021
	£	£
Other creditors	102	102
	----	----