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

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

RATHDALE LIMITED - Company Information

Print Friendly Version

0 false false false false false false false false false true false false false false false false No description of principal activity 2020-05-01 Sage Accounts Production Advanced 2020 - FRS102_2019 253,967 253,967 253,967 100 100 100 xbrli:pure xbrli:shares iso4217:GBP 02815634 2020-05-01 2021-04-30 02815634 2021-04-30 02815634 2020-04-30 02815634 bus:Director8 2020-05-01 2021-04-30 02815634 core:WithinOneYear 2021-04-30 02815634 core:WithinOneYear 2020-04-30 02815634 core:ShareCapital 2021-04-30 02815634 core:ShareCapital 2020-04-30 02815634 core:RetainedEarningsAccumulatedLosses 2021-04-30 02815634 core:RetainedEarningsAccumulatedLosses 2020-04-30 02815634 core:CostValuation core:Non-currentFinancialInstruments 2021-04-30 02815634 core:Non-currentFinancialInstruments 2021-04-30 02815634 core:Non-currentFinancialInstruments 2020-04-30 02815634 core:LandBuildings 2021-04-30 02815634 core:LandBuildings 2020-04-30 02815634 bus:SmallEntities 2020-05-01 2021-04-30 02815634 bus:Audited 2020-05-01 2021-04-30 02815634 bus:FullAccounts 2020-05-01 2021-04-30 02815634 bus:SmallCompaniesRegimeForAccounts 2020-05-01 2021-04-30 02815634 bus:PrivateLimitedCompanyLtd 2020-05-01 2021-04-30
COMPANY REGISTRATION NUMBER: 02815634
Rathdale Limited
Filleted Financial Statements
30 April 2021
Rathdale Limited
Financial Statements
Year ended 30 April 2021
Contents
Page
Statement of financial position
1
Notes to the financial statements
2
Rathdale Limited
Statement of Financial Position
30 April 2021
2021
2020
Note
£
£
£
Fixed assets
Tangible assets
4
253,967
253,967
Investments
5
100
100
---------
---------
254,067
254,067
Current assets
Debtors
6
14,228,580
14,104,780
Cash at bank and in hand
85,986
80,356
-------------
-------------
14,314,566
14,185,136
Creditors: amounts falling due within one year
7
5,830,333
5,832,197
-------------
-------------
Net current assets
8,484,233
8,352,939
------------
------------
Total assets less current liabilities
8,738,300
8,607,006
------------
------------
Net assets
8,738,300
8,607,006
------------
------------
Capital and reserves
Called up share capital
1,000
1,000
Profit and loss account
8,737,300
8,606,006
------------
------------
Shareholders funds
8,738,300
8,607,006
------------
------------
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 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 28 April 2022 , 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 2021
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.
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 2020 and 30 April 2021
253,967
---------
Depreciation
At 1 May 2020 and 30 April 2021
–
---------
Carrying amount
At 30 April 2021
253,967
---------
At 30 April 2020
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 2020 and 30 April 2021
100
----
Impairment
At 1 May 2020 and 30 April 2021
–
----
Carrying amount
At 30 April 2021
100
----
At 30 April 2020
100
----
The investment in subsidiary comprises of a 100% holding in Exikon Limited a company incorporated in England.
6. Debtors
2021
2020
£
£
Amounts owed by group undertakings and undertakings in which the company has a participating interest
11,083,751
11,086,771
Other debtors
3,144,829
3,018,009
-------------
-------------
14,228,580
14,104,780
-------------
-------------
7. Creditors: amounts falling due within one year
2021
2020
£
£
Amounts owed to group undertakings
5,575,069
5,573,570
Other creditors
255,264
258,627
------------
------------
5,830,333
5,832,197
------------
------------
8. Summary Audit Opinion
The auditor's report for the year dated 28 April 2022 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.