ACCOUNTS - Final Accounts

RACHAEL HANKINSON LIMITED - Company Information

Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-3112022-04-01falseNo description of principal activity1falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 07237261 2022-04-01 2023-03-31 07237261 2021-04-01 2022-03-31 07237261 2023-03-31 07237261 2022-03-31 07237261 c:Director1 2022-04-01 2023-03-31 07237261 d:OfficeEquipment 2022-04-01 2023-03-31 07237261 d:OfficeEquipment 2023-03-31 07237261 d:OfficeEquipment 2022-03-31 07237261 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 07237261 d:CurrentFinancialInstruments 2023-03-31 07237261 d:CurrentFinancialInstruments 2022-03-31 07237261 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 07237261 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 07237261 d:ShareCapital 2023-03-31 07237261 d:ShareCapital 2022-03-31 07237261 d:RetainedEarningsAccumulatedLosses 2023-03-31 07237261 d:RetainedEarningsAccumulatedLosses 2022-03-31 07237261 c:OrdinaryShareClass1 2022-04-01 2023-03-31 07237261 c:OrdinaryShareClass1 2023-03-31 07237261 c:OrdinaryShareClass1 2022-03-31 07237261 c:FRS102 2022-04-01 2023-03-31 07237261 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 07237261 c:FullAccounts 2022-04-01 2023-03-31 07237261 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 07237261 2 2022-04-01 2023-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 07237261

RACHAEL HANKINSON LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023


RACHAEL HANKINSON LIMITED

CONTENTS

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


RACHAEL HANKINSON LIMITED REGISTERED NUMBER:07237261

STATEMENT OF FINANCIAL POSITION

AS AT 31 MARCH 2023

		2023		2022
Note		£		£

Fixed assets
Tangible assets	4		1,668		1,477
Current assets
Debtors: amounts falling due within one year	5	423		2,435
Cash at bank and in hand		182,912		53,069
		183,335		55,504
Current liabilities
Creditors: amounts falling due within one year	6	(75,064)		(28,284)
Net current assets			108,271		27,220

Net assets			109,939		28,697

Capital and reserves
Called up share capital	7	100	100
Profit and loss account		109,839	28,597
		109,939	28,697

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 her 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 on 18 December 2023.

R Hankinson

Director

The notes on pages 2 to 5 form part of these financial statements.

Page 1


RACHAEL HANKINSON LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

1.	General information

Rachael Hankinson Limited is a limited company incorporated in England and Wales, with its registered office address at 5 Elstree Gate, Elstree Way, Borehamwood, Hertfordshire, WD6 1JD.
The principal activity of the Company during the year was that of TV production management.
The financial statements are presented in £ sterling, which is the functional currency of the Company.

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

Turnover

Turnover comprises revenue recognised by the company in respect of services supplied during the year, exclusive of Value Added Tax and trade discounts.
Revenue is recognised when the service is provided.

2.3

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.

At each reporting date the company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Office equipment

25%

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 profit or loss.

Page 2


RACHAEL HANKINSON LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

2.4

Basic financial instruments

The Company only enters into transactions that result in basic financial instruments such as trade and other debtors, trade and other creditors, cash at bank and in hand, loans to related parties.
Trade debtors, other debtors and loans to related parties are recognised initially at the transaction price less attributable transaction costs. Trade creditors, other creditors and loans from related parties are recognised initially at transaction price plus attributable transaction costs. Subsequently they are measured at amortised cost using the effective interest method, less any impairment losses in the case of trade and other debtors, and loans to related parties.
Interest bearing borrowings, such bank loans, classified as basic financial instruments are recognised initially at the present value of future payments discounted at a market rate of interest. Thereafter they are stated at amortised cost using the effective interest method.
Cash and cash equivalents comprise cash balances and call deposits.

2.5

Dividends

Equity dividends are recognised when they become legally payable.

2.6

Interest income

Interest income is recognised in profit or loss using the effective interest method.

2.7

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).

Page 3


RACHAEL HANKINSON LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

4.	Tangible fixed assets

		Office equipment
		£
	Cost or valuation
	At 1 April 2022	4,554
	Additions	862
	Disposals	(927)
	At 31 March 2023	4,489
	Depreciation
	At 1 April 2022	3,076
	Charge for the year on owned assets	556
	Disposals	(811)
	At 31 March 2023	2,821
	Net book value
	At 31 March 2023	1,668
	At 31 March 2022	1,477

Debtors

					2023	2022
					£	£


Other debtors	-	2,339
Prepayments and accrued income	423	96
	423	2,435

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

Other taxation and social security	17,046	-
Other creditors	55,738	26,124
Accruals and deferred income	2,280	2,160
	75,064	28,284

Page 4


RACHAEL HANKINSON LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

7.	Share capital
		2023	2022
		£	£

Allotted, called up and fully paid

100 (2022 - 100) Ordinary shares of £1 each	100	100

Page 5