RDGL Investments Limited 31/08/2020 iXBRL

RDGL INVESTMENTS LIMITED - Company Information

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Company registration number: 12500255

RDGL Investments Limited

Unaudited filleted financial statements

for the period ended

31 August 2020

Prepared by:

THOMAS NOCK MARTIN LIMITED

CHARTERED ACCOUNTANTS

BRIERLEY HILL

RDGL Investments Limited

Contents

Directors and other information

Statement of financial position

Statement of changes in equity

Notes to the financial statements

RDGL Investments Limited

Directors and other information


Directors	Graham Turner	(Appointed 5 March 2020)
	Rowland Turner	(Appointed 5 March 2020)


Company number	12500255


Registered office	5 Hagley Court South
	The Waterfront
	Brierley Hill
	West Midlands
	DY5 1XE


Business address	Unit 3 Peartree Lane Ind Estate
	Peartree Lane
	Dudley
	West Midlands
	DY2 0QU


Accountants	Thomas Nock Martin Limited
	5 Hagley Court South
	The Waterfront
	Brierley Hill
	West Midlands
	DY5 1XE

RDGL Investments Limited

Statement of financial position

31 August 2020

		31/08/20
	Note	£	£

Fixed assets
Investments	4	275,987
		_______
			275,987

Current assets
Cash at bank and in hand		153,978
		_______
		153,978
Creditors: amounts falling due
within one year	5	( 397,137)
		_______
Net current liabilities			( 243,159)
			_______
Total assets less current liabilities			32,828


Provisions for liabilities			( 8,450)

			_______
Net assets			24,378
			_______

Capital and reserves
Called up share capital	6		1
Profit and loss account			24,377
			_______
Shareholders funds			24,378
			_______

For the period ending 31 August 2020 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 period 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.

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 Section 1A of 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 comprehensive income has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 24 May 2021 , and are signed on behalf of the board by:

Graham Turner

Director

Company registration number: 12500255

RDGL Investments Limited

Statement of changes in equity

Period ended 31 August 2020

	Called up share capital	Profit and loss account	Total
	£	£	£


At 5 March 2020	-	-	-

Profit for the period	-	24,377	24,377
	_______	_______	_______
Total comprehensive income for the period	-	24,377	24,377

Issue of shares	1	-	1
	_______	_______	_______
Total investments by and distributions to owners	1	-	1

	_______	_______	_______
At 31 August 2020	1	24,377	24,378
	_______	_______	_______

RDGL Investments Limited

Notes to the financial statements

Period ended 31 August 2020

1. General information

The company is a private company limited by shares, registered in England & Wales. The address of the registered office is 5 Hagley Court South, The Waterfront, Brierley Hill, West Midlands, DY5 1XE.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and 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.

Consolidation

The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Fixed asset investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade debtors and trade creditors, other debtors and creditors.

4. Investments

	Other investments other than loans	Total
	£	£
Cost
Additions	245,782	245,782
Disposals	( 14,566)	( 14,566)
Fair value adjustment	44,342	44,342
Other movements	429	429
	_______	_______
At 31 August 2020	275,987	275,987
	_______	_______
Impairment
At 5 March 2020 and 31 August 2020	-	-
	_______	_______
Carrying amount
At 31 August 2020	275,987	275,987
	_______	_______

5. Creditors: amounts falling due within one year

			31/08/20
			£

	Other creditors		397,137
			_______

6. Called up share capital

Issued, called up and fully paid

	31/08/20
	No	£

Ordinary shares shares of £ 1.00 each	1	1
	_______	_______

7. Controlling party

RDGL Investment Holdings Limited , the ultimate parent company, controls the company by virtue of a controlling interest of 100% of the issued ordinary share capital.The registered office of RDGL Investment Holdings Limited is:5 Hagley Court SouthLevel StreetBrierley HillWest MidlandsDY5 1XEThe principal place of business of RDGL Investment Holdings Limited is: Unit 3 Peartree Lane Industrial EstatePeartree LaneDudleyWest MidlandsDY2 0QY