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 2021
RSE HOLDINGS LIMITED
STATEMENT OF FINANCIAL POSITION
31 March 2021
2021
2020
Note
£
£
£
£
FIXED ASSETS
Investments
4
3,000
3,000
CURRENT ASSETS
Debtors
5
630,449
340,043
Cash at bank and in hand
358,523
205,151
---------
---------
988,972
545,194
CREDITORS: amounts falling due within one year
6
414
960
---------
---------
NET CURRENT ASSETS
988,558
544,234
---------
---------
TOTAL ASSETS LESS CURRENT LIABILITIES
991,558
547,234
---------
---------
CAPITAL AND RESERVES
Called up share capital
1,000
1,000
Profit and loss account
990,558
546,234
---------
---------
SHAREHOLDERS FUNDS
991,558
547,234
---------
---------
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.
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.
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 2021
These financial statements were approved by the board of directors and authorised for issue on 21 December 2021 , 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 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 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 2020 and 31 March 2021
3,000
-------
Impairment
At 1 April 2020 and 31 March 2021
–
-------
Carrying amount
At 31 March 2021
3,000
-------
At 31 March 2020
3,000
-------
The company owns 100% of the issued share capital of the companies listed below,
Aggregate capital and reserves
2021
2020
£
£
R.S. Engineering (Burnley) Limited
27,974
420,769
Burnley Balancing Limited
86,819
66,988
Amber Indrani Property Limited
345,312
532,933
Profit (loss) for the year
2021
2020
£
£
R.S. Engineering (Burnley) Limited
(34,110)
20,703
Burnley Balancing Limited
19,831
30,046
Amber Indrani Property Limited
51,797
57,481
5. DEBTORS
2021
2020
£
£
Amounts owed by group undertakings
630,449
–
Directors loan account
–
250,043
Other debtors
–
90,000
---------
---------
630,449
340,043
---------
---------
6. CREDITORS: amounts falling due within one year
2021
2020
£
£
Corporation tax
286
960
Director loan accounts
128
–
----
----
414
960
----
----
7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES
There are no transactions with directors that require disclosure under FRS 102 Section 1A.
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 £155,000.