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REGISTERED NUMBER: 09755333
RRC GROUP LIMITED (FORMERLY MINERA HOLDINGS LIMITED)
UNAUDITED
INFORMATION FOR FILING WITH REGISTRAR
FOR THE PERIOD ENDED 31 DECEMBER 2016
PM+M Solutions for Business LLP
Chartered Accountants
Greenbank Technology Park
Challenge Way
Blackburn
Lancashire
BB1 5QB
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PAGE 1
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RRC GROUP LIMITED (FORMERLY MINERA HOLDINGS LIMITED)
REGISTERED NUMBER: 09755333
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ABBREVIATED BALANCE SHEET
AS AT 31 DECEMBER 2016
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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Creditors: amounts falling due after more than one year
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Provisions for liabilities
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PAGE 2
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RRC GROUP LIMITED (FORMERLY MINERA HOLDINGS LIMITED)
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ABBREVIATED BALANCE SHEET (continued)
AS AT 31 DECEMBER 2016
The directors consider that the company is entitled to exemption from the requirement to have an audit under the provisions of section 477 of the Companies Act 2006 ("the Act") and members have not required the company to obtain an audit for the period in question in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and for preparing financial statements which give a true and fair view of the state of affairs of the company as at 31 December 2016 and of its profit for the period in accordance with the requirements of sections 394 and 395 of the Act and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.
The abbreviated accounts, which have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006, were approved and authorised for issue by the board and were signed on its behalf on 16 February 2018.
The notes on pages 3 to 6 form part of these financial statements.
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PAGE 3
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RRC GROUP LIMITED (FORMERLY MINERA HOLDINGS LIMITED)
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NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE PERIOD ENDED 31 DECEMBER 2016
1.Accounting Policies
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Basis of preparation of financial statements
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The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
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The company is the parent undertaking of a small group and as such is not required by the Companies Act 2006 to prepare group accounts. These financial statements therefore present information about the company as an individual undertaking and not about its group.
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Turnover comprises revenue recognised by the company in respect of goods and services supplied during the period, exclusive of Value Added Tax and trade discounts.
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Tangible fixed assets and depreciation
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Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
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Investments held as fixed assets are shown at cost less provision for impairment.
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Leasing and hire purchase
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Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired by finance lease are depreciated over the shorter of the lease term and their useful lives. Assets acquired by hire purchase are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the Profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
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PAGE 4
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RRC GROUP LIMITED (FORMERLY MINERA HOLDINGS LIMITED)
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NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE PERIOD ENDED 31 DECEMBER 2016
1.Accounting Policies (continued)
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Full provision is made for deferred tax assets and liabilities arising from all timing differences between the recognition of gains and losses in the financial statements and recognition in the tax computation.
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A net deferred tax asset is recognised only if it can be regarded as more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted.
Deferred tax assets and liabilities are calculated at the tax rates expected to be effective at the time the timing differences are expected to reverse.
Deferred tax assets and liabilities are not discounted.
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2.Tangible fixed assets
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PAGE 5
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RRC GROUP LIMITED (FORMERLY MINERA HOLDINGS LIMITED)
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NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE PERIOD ENDED 31 DECEMBER 2016
3.Fixed asset investments
Subsidiary undertakings
The following were subsidiary undertakings of the company:
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UK Construction Plant Training Limited
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Notus Heavy Lift Solutions Limited
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The aggregate of the share capital and reserves as at 31 December 2016 and of the profit or loss for the year ended on that date for the subsidiary undertakings were as follows:
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Aggregate of share capital and reserves
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UK Construction Plant Training Limited
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Notus Heavy Lift Solutions Limited
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4.Creditors:
Amounts falling due within one year
Net obligations under finance leases and hire purchase contracts of £562,814 are secured on the assets to which they relate.
5.Creditors:
Amounts falling due after more than one year
Net obligations under finance leases and hire purchase contracts of £1,443,792 are secured on the assets to which they relate.
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PAGE 6
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RRC GROUP LIMITED (FORMERLY MINERA HOLDINGS LIMITED)
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NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE PERIOD ENDED 31 DECEMBER 2016
6.Share capital
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Shares classified as capital
 
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Allotted, called up and fully paid
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300 Ordinary shares of £1 each
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Shares classified as debt
 
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Allotted, called up and fully paid
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121,000 Redeemable Preference shares of £1 each
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On 1 September 2015, 1 ordinary share with a nominal value of £1 each was issued for a total amount of £1.
On 19 September 2015, 299 ordinary shares with a nominal value of £1 each were issued for a total amount of £299.
On 19 September 2015, 121,000 redeemable preference shares with a nominal value of £1 each were issued for a total of £121,000.
The shares are redeemable at the option of the holders on any date after the second anniversary.
The company is obliged to redeem the whole of the preference shares outstanding on the fifth anniversay of the issues of the shares.
The value of any premium paid on the redemption of the cumulative preference shares shall be determined by the directors in accordance with the terms in the Articles of Association.
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