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REGISTERED NUMBER: 06647621 (England and Wales)




















Financial Statements

for the Year Ended 31 December 2021

for

RSL Holdings Limited

RSL Holdings Limited (Registered number: 06647621)






Contents of the Financial Statements
for the Year Ended 31 December 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


RSL Holdings Limited

Company Information
for the Year Ended 31 December 2021







DIRECTORS: P J Simpson
P C Jenkins





SECRETARY: P J Simpson





REGISTERED OFFICE: Simpsons Subaru
Blackworth Industrial Estate
Highworth
Swindon
Wiltshire
SN6 7NA





REGISTERED NUMBER: 06647621 (England and Wales)

RSL Holdings Limited (Registered number: 06647621)

Balance Sheet
31 December 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Investments 5 1,454,902 1,454,902

CURRENT ASSETS
Debtors 6 845 -

CREDITORS
Amounts falling due within one year 7 - 140,605
NET CURRENT ASSETS/(LIABILITIES) 845 (140,605 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,455,747

1,314,297

CREDITORS
Amounts falling due after more than one
year

8

400,000

400,000
NET ASSETS 1,055,747 914,297

CAPITAL AND RESERVES
Called up share capital 998 998
Share premium 1,295,192 1,295,192
Retained earnings (240,443 ) (381,893 )
SHAREHOLDERS' FUNDS 1,055,747 914,297

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 Board of Directors and authorised for issue on 2 August 2022 and were signed on its behalf by:




P J Simpson - Director



P C Jenkins - Director


RSL Holdings Limited (Registered number: 06647621)

Notes to the Financial Statements
for the Year Ended 31 December 2021

1. STATUTORY INFORMATION

RSL Holdings 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Investments in subsidiaries
Investments in subsidiaries are stated at cost less provision for impairment.

Taxation
Taxation for the year 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 year 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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2020 - NIL).

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2021
and 31 December 2021 1,454,902
NET BOOK VALUE
At 31 December 2021 1,454,902
At 31 December 2020 1,454,902

RSL Holdings Limited (Registered number: 06647621)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Amounts owed by group undertakings 845 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Amounts owed to group undertakings - 140,605

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2021 2020
£    £   
Other loans more 5yrs non-inst 400,000 400,000

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Other loans more 5yrs non-inst 400,000 400,000

9. SECURED DEBTS

The following secured debts are included within creditors:

2021 2020
£    £   
Other loans more 5yrs non-inst 400,000 400,000

The debenture is secured by a fixed and floating charge over the group's assets.

10. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Martin Longmore (Senior Statutory Auditor)
for and on behalf of Monahans

11. RELATED PARTY DISCLOSURES

At the balance sheet date the company owed £400,000 (2020 - £400,000) to P J Simpson, a director of the company. This balance is shown in note 7, creditors: amounts falling due after more than one year. Security in respect of this balanced is detailed in note 8. During the year interest of £8,550 (2020 - £9,975) was charged on this loan.