Silverfin 06 September 2022 18 August 2022 Christopher Blunn Praxis 9,087 3,783 false true 31/12/2020 31/12/2020 01/01/2020 Ian Birtles 03/03/2010 Edward Lennart Grut 03/03/2010 Ivan William Harbour 03/03/2010 Andrew Patrick George Morris 31/12/2021 03/03/2010 Lord Richard George Rogers 30/06/2020 03/03/2010 18 August 2022 The principal activity of the Company during the financial year was project support services. 07175524 2020-12-31 07175524 bus:Director1 2020-12-31 07175524 bus:Director2 2020-12-31 07175524 bus:Director3 2020-12-31 07175524 bus:Director4 2020-12-31 07175524 bus:Director5 2020-12-31 07175524 core:CurrentFinancialInstruments 2020-12-31 07175524 core:CurrentFinancialInstruments 2019-12-31 07175524 2019-12-31 07175524 core:ShareCapital 2020-12-31 07175524 core:ShareCapital 2019-12-31 07175524 core:RetainedEarningsAccumulatedLosses 2020-12-31 07175524 core:RetainedEarningsAccumulatedLosses 2019-12-31 07175524 core:OtherMembersGroupNotDefinedElsewhere core:CurrentFinancialInstruments 2020-12-31 07175524 core:OtherMembersGroupNotDefinedElsewhere core:CurrentFinancialInstruments 2019-12-31 07175524 bus:OrdinaryShareClass1 2020-12-31 07175524 2020-01-01 2020-12-31 07175524 bus:FullAccounts 2020-01-01 2020-12-31 07175524 bus:SmallEntities 2020-01-01 2020-12-31 07175524 bus:Audited 2020-01-01 2020-12-31 07175524 2019-01-01 2019-12-31 07175524 bus:PrivateLimitedCompanyLtd 2020-01-01 2020-12-31 07175524 bus:Director1 2020-01-01 2020-12-31 07175524 bus:Director2 2020-01-01 2020-12-31 07175524 bus:Director3 2020-01-01 2020-12-31 07175524 bus:Director4 2020-01-01 2020-12-31 07175524 bus:Director5 2020-01-01 2020-12-31 07175524 1 2020-01-01 2020-12-31 07175524 core:CurrentFinancialInstruments 2020-01-01 2020-12-31 07175524 bus:OrdinaryShareClass1 2020-01-01 2020-12-31 07175524 bus:OrdinaryShareClass1 2019-01-01 2019-12-31 07175524 1 2020-01-01 2020-12-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 07175524 (England and Wales)

RSHP BARANGAROO LIMITED
(Formerly RSH+P Barangaroo Limited)

Financial Statements
For the financial year ended 31 December 2020
Pages for filing with the registrar

RSHP BARANGAROO LIMITED

Financial Statements

For the financial year ended 31 December 2020

Contents

RSHP BARANGAROO LIMITED

COMPANY INFORMATION

For the financial year ended 31 December 2020
RSHP BARANGAROO LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 December 2020
DIRECTORS Ian Birtles
Edward Lennart Grut
Ivan William Harbour
REGISTERED OFFICE Level 14 The Leadenhall Building
122 Leadenhall Street
London
EC3V 4AB
England
United Kingdom
COMPANY NUMBER 07175524 (England and Wales)
AUDITOR Praxis
1 Poultry
London
EC2R 8EJ
RSHP BARANGAROO LIMITED

BALANCE SHEET

As at 31 December 2020
RSHP BARANGAROO LIMITED

BALANCE SHEET (continued)

As at 31 December 2020
Note 2020 2019
£ £
Current assets
Debtors 3 245,354 145,119
Cash at bank and in hand 4 443 2,600
245,797 147,719
Creditors
Amounts falling due within one year 5 ( 199,212) ( 110,221)
Net current assets 46,585 37,498
Total assets less current liabilities 46,585 37,498
Net assets 46,585 37,498
Capital and reserves
Called-up share capital 6 1 1
Profit and loss account 46,584 37,497
Total shareholder's funds 46,585 37,498

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of RSHP Barangaroo Limited (registered number: 07175524) were approved and authorised for issue by the Board of Directors on 18 August 2022. They were signed on its behalf by:

Ian Birtles
Director
RSHP BARANGAROO LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2020
RSHP BARANGAROO LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2020
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year.

General information and basis of accounting

RSHP Barangaroo Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Level 14 The Leadenhall Building, 122 Leadenhall Street, London, EC3V 4AB, England, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council.

The functional currency of RSHP Barangaroo Limited is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.

Going concern

The Company is dependent on the Parent LLP for all of its income. The Parent LLP's forecasts and projections, taking account of the continued possible impact of COVID-19 on trading performance, show that the Parent LLP and it's subsidiaries are able to operate within the level of their current facilities.

Therefore, the directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the annual financial statements.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Profit and Loss Account in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover is stated net of VAT. Turnover represents the value of costs incurred and recharged together with a fixed profit margin to group entities.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

2020 2019
Number Number
Monthly average number of persons employed by the Company during the year, including directors 0 0

3. Debtors

2020 2019
£ £
Amounts owed by Group undertakings 114,930 126,697
Other debtors 130,424 18,422
245,354 145,119

4. Cash and cash equivalents

2020 2019
£ £
Cash at bank and in hand 443 2,600

5. Creditors: amounts falling due within one year

2020 2019
£ £
Trade creditors 903 1,292
Amounts owed to Group undertakings 8,066 8,981
Amounts owed to connected persons 87,076 87,075
Other creditors 101,253 0
Corporation tax 1,914 12,873
199,212 110,221

There are no amounts included above in respect of which any security has been given by the small entity.

Amounts owed to Group undertakings are repayable on demand and do not bear interest.

6. Called-up share capital

2020 2019
£ £
Allotted, called-up and fully-paid
1 Ordinary share of £ 1.00 1 1

7. Related party transactions

Transactions with owners holding a participating interest in the entity

2020 2019
£ £
Sales to an entity holding a participating interest in the Company 0 36,927
Amounts owed from an entity holding a participating interest in the Company 87,076 87,076

8. Audit Opinion

The auditor's report on the accounts for the financial year ended 31 December 2020 was unqualified.

The audit report was signed by Christopher Blunn on behalf of Praxis.

9. Ultimate controlling party

The ultimate parent entity is Rogers Stirk Harbour + Partners (Holdings) Limited, a company registered in England and Wales. The parent entity of the smallest group which produces group financial statements is Rogers Stirk Harbour + Partners LLP, an LLP registered in England and Wales. The registered office of both entities is Level 14, The Leadenhall Building, 122 Leadenhall Street, London, United Kingdom, EC3V 4AB.

Both entities produce group accounts and copies of these can be obtained from Companies House, Crown Way, Cardiff.