Rigade Solutions Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 13143852 (England and Wales)

Financial Statements for the Period 1 April 2023 to 31 December 2023

for

Rigade Solutions Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

C Webster

REGISTERED OFFICE:

Suite 540, 5th Floor,

Linen Hall

162- 168 Regent Street

London

W1B 5TF

REGISTERED NUMBER:

13143852 (England and Wales)

ACCOUNTANTS:

City, Chartered Accountants

Suite 540, 5th Floor,

Linen Hall

162- 168 Regent Street

London

W1B 5TF

FIXED ASSETS

Investments

4

1,268,450

1,268,450

CURRENT ASSETS

Cash at bank

3,639

21,747

CREDITORS

Amounts falling due within one year

5

(12,389

)

(22,416

)

NET CURRENT LIABILITIES

(8,750

)

(669

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,259,700

1,267,781

CREDITORS

Amounts falling due after more than one year

6

(1,165,800

)

(1,190,800

)

NET ASSETS

93,900

76,981

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

93,800

76,881

SHAREHOLDERS' FUNDS

93,900

76,981

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 11 April 2024 and were signed by:

C Webster - Director

1.	STATUTORY INFORMATION

Rigade Solutions Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2023 - 1 ) .

4.	FIXED ASSET INVESTMENTS

31.12.23

31.3.23

£

£

Other investments not loans

668,450

668,450

Other loans

600,000

600,000

1,268,450

1,268,450

Additional information is as follows:

Other

investment

£

COST

At 1 April 2023

and 31 December 2023

668,450

NET BOOK VALUE

At 31 December 2023

668,450

At 31 March 2023

668,450

Other

loans

£

At 1 April 2023

and 31 December 2023

600,000

As at 31st March 2022 the company held the following:

Investment assets

£

Jaevee 1

438,275

Jaevee 2

177,425

Liberay litigation fund

52,750

668,450

Loan assets

£

Simpson

600,000

600,000

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.23

31.3.23

£

£

Trade creditors

-

(1

)

Taxation and social security

3,889

15,417

Other creditors

8,500

7,000

12,389

22,416

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.23

31.3.23

£

£

Amounts owed to group undertakings

1,165,800

1,190,800

7.	RELATED PARTY DISCLOSURES

Rigade Solutions Limited is a wholly owned subsidiary of Rigade Limited.

As at 31st December 2023 Rigade Solutions Limited owed £1,165,800 to Rigade Limited.

8.	ULTIMATE CONTROLLING PARTY

Mr C Philippou is the person of significant control.