Ranelagh Holdings Ltd

Ranelagh Holdings Ltd

RANELAGH HOLDINGS LTD - Company Information

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1 April 2020 false No description of principal activity Taxfiler 2021.18 11907928business:PrivateLimitedCompanyLtd2020-04-012021-03-31 119079282020-03-31 119079282020-04-012021-03-31 11907928business:AuditExempt-NoAccountantsReport2020-04-012021-03-31 11907928business:FullAccounts2020-04-012021-03-31 119079282021-03-31 11907928business:Director12020-04-012021-03-31 11907928business:Director22020-04-012021-03-31 11907928business:CompanySecretary12020-04-012021-03-31 11907928business:RegisteredOffice2020-04-012021-03-31 119079282020-03-31 11907928core:WithinOneYear2021-03-31 11907928core:WithinOneYear2020-03-31 11907928core:ShareCapital2021-03-31 11907928core:ShareCapital2020-03-31 11907928core:RetainedEarningsAccumulatedLosses2021-03-31 11907928core:RetainedEarningsAccumulatedLosses2020-03-31 11907928business:SmallEntities2020-04-012021-03-31 11907928countries:EnglandWales2020-04-012021-03-31 11907928core:AdditionsToInvestments2021-03-31 11907928business:OrdinaryShareClass12020-04-012021-03-31 11907928business:OrdinaryShareClass12019-03-272020-03-31 11907928business:OrdinaryShareClass22020-04-012021-03-31 11907928business:OrdinaryShareClass22019-03-272020-03-31 11907928business:AllOrdinaryShares2020-04-012021-03-31 11907928business:AllOrdinaryShares2019-03-272020-03-31 119079282019-03-272020-03-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 11907928 (England and Wales)
Ranelagh Holdings Ltd Unaudited accounts for the year ended 31 March 2021
Ranelagh Holdings Ltd Company Information for the year ended 31 March 2021
Directors
Mr N D Taee Mr T Ward
Secretary
Wellco Secretaries Ltd
Company Number
11907928 (England and Wales)
Registered Office
Albany House Claremont Lane Esher Surrey KT10 9FQ United Kingdom
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Ranelagh Holdings Ltd Statement of financial position as at 31 March 2021
2021 
2020 
Notes
£ 
£ 
Fixed assets
Investments
4
2,569,367 
- 
Current assets
Debtors
5
750 
- 
Cash at bank and in hand
2,044 
- 
2,794 
- 
Creditors: amounts falling due within one year
6
(2,570,168)
- 
Net current liabilities
(2,567,374)
- 
Net assets
1,993 
- 
Capital and reserves
Called up share capital
7
100 
100 
Profit and loss account
1,893 
(100)
Shareholders' funds
1,993 
- 
For the year ending 31 March 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 23 November 2021 and were signed on its behalf by
Mr T Ward Director Company Registration No. 11907928
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Ranelagh Holdings Ltd Notes to the Accounts for the year ended 31 March 2021
1
Statutory information
Ranelagh Holdings Ltd is a private company, limited by shares, registered in England and Wales, registration number 11907928. The registered office is Albany House, Claremont Lane, Esher, Surrey, KT10 9FQ, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
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. There were no material departures from that standard.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover from unlisted investments is recognised when the shareholder's right to income is established.
Taxation
Tax is recognised in the statement of income and retained earnings. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Investments
Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the statement of income and retained earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.
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Ranelagh Holdings Ltd Notes to the Accounts for the year ended 31 March 2021
Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
Creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Financial instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares. Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment If objective evidence of impairment is found, an impairment loss is recognised in the statement of income and retained earnings.
4
Investments
Other investments 
£ 
Valuation at 1 April 2020
- 
Additions
2,569,367 
Valuation at 31 March 2021
2,569,367 
5
Debtors: amounts falling due within one year
2021 
2020 
£ 
£ 
Other debtors
750 
- 
6
Creditors: amounts falling due within one year
2021 
2020 
£ 
£ 
Other creditors
2,569,366 
- 
Accruals
802 
- 
2,570,168 
- 
7
Share capital
2021 
2020 
£ 
£ 
Allotted, called up and fully paid:
35 A Ordinary of £1 each
35 
35 
65 B Ordinary of £1 each
65 
65 
100 
100 
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Ranelagh Holdings Ltd Notes to the Accounts for the year ended 31 March 2021
8
Transactions with related parties
During the year the Company loaned a company with common directorships £750. This loan is interest free and repayable on demand and is included within other debtors at the balance sheet date. During the period companies with common directorships loaned the Company £2,569,366 . These loans are interest free and repayable on demand and included within other creditors at the balance sheet date.
9
Average number of employees
During the year the average number of employees was 0 (2020: 0).
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