RSE Holdings Limited Filleted accounts for Companies House (small and micro)

RSE Holdings Limited Filleted accounts for Companies House (small and micro)

RSE HOLDINGS LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 09518085
RSE HOLDINGS LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
31 March 2019
RSE HOLDINGS LIMITED
STATEMENT OF FINANCIAL POSITION
31 March 2019
2019
2018
Note
£
£
£
£
FIXED ASSETS
Investments
4
3,000
3,000
CURRENT ASSETS
Debtors
5
129,712
–
Cash at bank and in hand
266,340
4,059
---------
-------
396,052
4,059
CREDITORS: amounts falling due within one year
6
3,682
6,814
---------
-------
NET CURRENT ASSETS/(LIABILITIES)
392,370
( 2,755)
---------
-------
TOTAL ASSETS LESS CURRENT LIABILITIES
395,370
245
---------
----
CAPITAL AND RESERVES
Called up share capital
1,000
1,000
Profit and loss account
394,370
( 755)
---------
-------
SHAREHOLDERS FUNDS
395,370
245
---------
-------
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 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 March 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
RSE HOLDINGS LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
31 March 2019
These financial statements were approved by the board of directors and authorised for issue on 20 December 2019 , and are signed on behalf of the board by:
M. Marshall
Director
Company registration number: 09518085
RSE HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2019
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Guardian House, 42 Preston New Road, Blackburn, Lancashire, BB2 6AH.
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
(a) Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
(b) Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
4. INVESTMENTS
Shares in group undertakings
£
Cost
At 1 April 2018 and 31 March 2019
3,000
-------
Impairment
At 1 April 2018 and 31 March 2019
–
-------
Carrying amount
At 31 March 2019
3,000
-------
At 31 March 2018
3,000
-------
The company owns 100% of the issued share capital of the companies listed below,
Aggregate capital and reserves
2019
2018
£
£
R.S. Engineering (Burnley) Limited
587,336
566,483
Burnley Balancing Limited
36,942
242,073
Amber Indrani Property Limited
519,292
572,999
Profit for the year
2019
2018
£
£
R.S. Engineering (Burnley) Limited
116,853
134,541
Burnley Balancing Limited
58,186
43,918
Amber Indrani Property Limited
66,293
60,284
5. DEBTORS
2019
2018
£
£
Amounts owed by group undertakings
44,265
–
Directors loan account
85,447
–
---------
----
129,712
–
---------
----
6. CREDITORS: amounts falling due within one year
2019
2018
£
£
Amounts owed to group undertakings
3,682
5,001
Director loan accounts
–
1,813
-------
-------
3,682
6,814
-------
-------
7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES
During the year the company made a loan to Mr A. Ralph, a director, amounting to £85,447 which was the amount owed at 31 March 2019. Interest has been charged on the loan at a rate of 2.5% per annum amounting to £1,235.
8. RELATED PARTY TRANSACTIONS
The company was under the control of Mr A.C. Ralph throughout the year. Mr A.C. Ralph is the managing director and majority shareholder. During the year the company paid dividends to the directors amounting to £85,000.