Rathdale Limited Filleted accounts for Companies House (small and micro)

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COMPANY REGISTRATION NUMBER: 02815634

Rathdale Limited

Filleted Financial Statements

30 April 2019

Rathdale Limited

Statement of Financial Position

30 April 2019

	2019		2018
Note	£	£	£

Fixed assets

Tangible assets	4	253,967	253,967
Investments	5	100	100
		---------	---------
		254,067	254,067

Current assets

Debtors	6	39,805,022	39,768,306
Cash at bank and in hand		66,296	51,995
		-------------	-------------
		39,871,318	39,820,301

Creditors: amounts falling due within one year	7	31,643,959		18,878,164
		-------------		-------------
Net current assets			8,227,359	20,942,137
			------------	-------------
Total assets less current liabilities			8,481,426	21,196,204
			------------	-------------

Capital and reserves

Called up share capital	1,000	1,000
Profit and loss account	8,480,426	21,195,204
	------------	-------------
Shareholders funds	8,481,426	21,196,204
	------------	-------------

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.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 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 23 July 2020 , and are signed on behalf of the board by:

D Feldman

Director

Company registration number: 02815634

Rathdale Limited

Notes to the Financial Statements

Year ended 30 April 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 Hallswelle House, 1Hallswelle Road, London, NW11 0DH.

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.

Revenue recognition

Turnover represents gross rental income and service charges receivable on straight-line basis. All income arose in the United Kingdom.

Investment property

Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss. If a reliable measure of fair value is no longer available without undue cost or effort for an item of investment property, it shall be transferred to tangible assets and treated as such until it is expected that fair value will be reliably measurable on an on-going basis.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

4. Tangible Assets

	Freehold investment property
	£
Cost
At 1 May 2018 and 30 April 2019	253,967
	---------
Depreciation
At 1 May 2018 and 30 April 2019	–
	---------
Carrying amount
At 30 April 2019	253,967
	---------
At 30 April 2018	253,967
	---------

The directors consider that the cost price of the property represents the current market value.

5. Investments

	Investment in subsidiary
	£
Cost
At 1 May 2018 and 30 April 2019	100
	----
Impairment
At 1 May 2018 and 30 April 2019	–
	----

Carrying amount
At 30 April 2019	100
	----
At 30 April 2018	100
	----

The investment in subsidiary comprises of a 100% holding in Exikon Limited a company incorporated in England.

6. Debtors

	2019	2018
	£	£
Amounts owed by group undertakings and undertakings in which the company has a participating interest	36,901,965	36,901,965
Other debtors	2,903,057	2,866,341
	-------------	-------------
	39,805,022	39,768,306
	-------------	-------------

7. Creditors: amounts falling due within one year

	2019	2018
	£	£
Amounts owed to group undertakings	31,140,995	18,373,874
Other creditors	502,964	504,290
	-------------	-------------
	31,643,959	18,878,164
	-------------	-------------

8. Summary Audit Opinion

The auditor's report for the year dated 23 July 2020 was unqualified.

The senior statutory auditor was Phillip Smulovitch , for and on behalf of GK & Co. LLP .

9. Controlling Party

The ultimate holding company is Castledock Limited, a company incorporated in United Kingdom.