ACCOUNTS - Final Accounts

RAH ADVISORY LIMITED - Company Information

Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-31true2022-04-01falseThe principal activity of the company was that of management consultancy and software development.11trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 07985534 2022-04-01 2023-03-31 07985534 2021-04-01 2022-03-31 07985534 2023-03-31 07985534 2022-03-31 07985534 c:Director1 2022-04-01 2023-03-31 07985534 d:OfficeEquipment 2022-04-01 2023-03-31 07985534 d:OfficeEquipment 2023-03-31 07985534 d:OfficeEquipment 2022-03-31 07985534 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 07985534 d:ComputerEquipment 2022-04-01 2023-03-31 07985534 d:ComputerEquipment 2023-03-31 07985534 d:ComputerEquipment 2022-03-31 07985534 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 07985534 d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 07985534 d:CurrentFinancialInstruments 2023-03-31 07985534 d:CurrentFinancialInstruments 2022-03-31 07985534 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 07985534 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 07985534 d:ShareCapital 2023-03-31 07985534 d:ShareCapital 2022-03-31 07985534 d:RetainedEarningsAccumulatedLosses 2023-03-31 07985534 d:RetainedEarningsAccumulatedLosses 2022-03-31 07985534 c:OrdinaryShareClass1 2022-04-01 2023-03-31 07985534 c:OrdinaryShareClass1 2023-03-31 07985534 c:FRS102 2022-04-01 2023-03-31 07985534 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 07985534 c:FullAccounts 2022-04-01 2023-03-31 07985534 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 07985534

RAH ADVISORY LIMITED

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023


RAH ADVISORY LIMITED

CONTENTS

	Page
Statement of Financial Position	1 - 2
Notes to the Financial Statements	3 - 5


RAH ADVISORY LIMITED REGISTERED NUMBER:07985534

STATEMENT OF FINANCIAL POSITION

AS AT 31 MARCH 2023

		2023		2022
Note		£		£

Fixed assets
Tangible assets	4		1,114		1,485
Current assets
Debtors: amounts falling due within one year	5	17,000		12,000
Cash at bank and in hand		27,231		9,453
		44,231		21,453
Creditors: amounts falling due within one year	6	(137,111)		(174,281)
Net current liabilities			(92,880)		(152,828)

Net liabilities			(91,766)		(151,343)

Capital and reserves
Called up share capital	7	1	1
Profit and loss account		(91,767)	(151,344)
		(91,766)	(151,343)

Page 1


RAH ADVISORY LIMITED REGISTERED NUMBER:07985534

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 MARCH 2023

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: 24 November 2023

The notes on pages 3 to 5 form part of these financial statements.

Page 2


RAH ADVISORY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

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.

2.6

Cash and cash equivalents

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

Page 3


RAH ADVISORY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

2.7

Creditors

Short term creditors are measured at the transaction price.

2.8

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 (2022 - 1).

4.	Tangible fixed assets

	Office equipment	Website Development	Total
	£	£	£
Cost or valuation
At 1 April 2022	8,022	21,995	30,017
At 31 March 2023	8,022	21,995	30,017
Depreciation
At 1 April 2022	6,537	21,995	28,532
Charge for the year on owned assets	371	-	371
At 31 March 2023	6,908	21,995	28,903
Net book value
At 31 March 2023	1,114	-	1,114
At 31 March 2022	1,485	-	1,485

Page 4


RAH ADVISORY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

Debtors

					2023	2022
					£	£


Trade debtors	12,000	12,000
Prepayments and accrued income	5,000	-
	17,000	12,000

6.	Creditors: Amounts falling due within one year
		2023	2022
		£	£

Trade creditors	6,437	3,762
Taxation and social secuirty	12,670	2,319
Other creditors	113,969	164,535
Accruals and deferred income	4,035	3,665
	137,111	174,281

7.	Share capital
		2023	2022
		£	£

Allotted, called up and fully paid

1 Ordinary share of £1	1	1

Page 5