Rifle Hill Landvest Ltd - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 13842940 (England and Wales)

Unaudited Financial Statements

for the Period 12th January 2022 to 31st March 2023

for

Rifle Hill Landvest Ltd

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Investment property

4

225,000

CURRENT ASSETS

Cash at bank and in hand

112,953

CREDITORS

Amounts falling due within one year

5

177,250

NET CURRENT LIABILITIES

(64,297

)

TOTAL ASSETS LESS CURRENT LIABILITIES

160,703

CREDITORS

Amounts falling due after more than one year

6

(123,707

)

PROVISIONS FOR LIABILITIES

(9,207

)

NET ASSETS

27,789

CAPITAL AND RESERVES

Called up share capital

2

Fair value reserve

8

27,620

Retained earnings

167

27,789

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31st March 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31st March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Profit and Loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12th October 2023 and were signed on its behalf by:

J C Braha - Director

1.	STATUTORY INFORMATION

Rifle Hill Landvest Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

13842940

Registered office:

Treviot House

186-192 High Road

Ilford

Essex

IG1 1LR

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.

Turnover

Turnover represents rent receiveable during the year.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit and Loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current and 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

Additions

188,174

Revaluations

36,826

At 31st March 2023

225,000

NET BOOK VALUE

At 31st March 2023

225,000

Fair value at 31st March 2023 is represented by:

£

Valuation in 2023

36,502

Cost

188,498

225,000

Investment property was valued on a fair value basis on 31st March 2023 by the directors .

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Amounts owed to related parties

175,297

Taxation and social security

39

Other creditors

1,914

177,250

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

£

Bank loans

123,707

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

123,707

7.	SECURED DEBTS

The following secured debts are included within creditors:

£

Bank loans

123,707

Bank loans are secured by a fixed charge held over the assets of the company.

8.

RESERVES

Fair

value

reserve

£

Fair value reserve

36,827

Deferred tax

(9,207

)

At 31st March 2023

27,620