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REGISTERED NUMBER: 12379879 (England and Wales)















Financial Statements for the Year Ended 31 December 2022

for

Rcf & Gss Holdings Ltd

Rcf & Gss Holdings Ltd (Registered number: 12379879)

Contents of the Financial Statements
for the year ended 31 December 2022










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Rcf & Gss Holdings Ltd

Company Information
for the year ended 31 December 2022







DIRECTORS: J L Frewin
E A Kolodner





REGISTERED OFFICE: 81 Canfield Gardens
London
United Kingdom
NW6 3EA





REGISTERED NUMBER: 12379879 (England and Wales)





AUDITORS: Rusling & Co, Statutory Auditor
F6 The Bloc
Anlaby
East Yorkshire
HU10 6RJ

Rcf & Gss Holdings Ltd (Registered number: 12379879)

Balance Sheet
31 December 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Investments 4 2,883,817 2,883,817

CURRENT ASSETS
Debtors 5 170 -

CREDITORS
Amounts falling due within one year 6 2,467,120 2,467,120
NET CURRENT LIABILITIES (2,466,950 ) (2,467,120 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

416,867

416,697

CREDITORS
Amounts falling due after more than one
year

7

416,667

416,667
NET ASSETS 200 30

CAPITAL AND RESERVES
Called up share capital 200 30
200 30

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 29 September 2023 and were signed on its behalf by:





T D Brooksbank - Director


Rcf & Gss Holdings Ltd (Registered number: 12379879)

Notes to the Financial Statements
for the year ended 31 December 2022


1. STATUTORY INFORMATION

Rcf & Gss Holdings Ltd 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.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

Going concern
The company's Current Liabilities exceed its assets by £2,466,950 and is, as such, technically insolvent. It is, however, the opinion of the Directors that the company continues to be a Going Concern. The Directors have considered the likely cashflow demands for the 12 months subsequent to the approval of the accounts, along with the continuing support of the company's major creditors.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2021 - NIL).

Rcf & Gss Holdings Ltd (Registered number: 12379879)

Notes to the Financial Statements - continued
for the year ended 31 December 2022


4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2022
and 31 December 2022 2,883,817
NET BOOK VALUE
At 31 December 2022 2,883,817
At 31 December 2021 2,883,817

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Amounts owed by group undertakings 170 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Amounts owed to group undertakings 2,123,194 2,087,326
Other creditors 343,926 379,794
2,467,120 2,467,120

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2022 2021
£    £   
Other creditors 416,667 416,667

8. SECURED DEBTS

Barclays Bank PLC holds a fixed and floating charge over the assets of the company, RCF Bolt & Nut Co (Tipton) Limited and G.S.S Fasteners Limited

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

The Report of the Auditors was unqualified.

Andrew Rusling FCA (Senior Statutory Auditor)
for and on behalf of Rusling & Co, Statutory Auditor

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the year end the company owed the directors £74,970 (2021 - £74,970). The loan is non-interest bearing and there are no formal terms of repayment.

Rcf & Gss Holdings Ltd (Registered number: 12379879)

Notes to the Financial Statements - continued
for the year ended 31 December 2022


11. RELATED PARTY DISCLOSURES

At the period end the company owed £957,727 and £1,165,467 (2021 - £944,359 and £1,142,967) to companies under common control. The loans are non-interest bearing and there are no formal terms of repayment.

At the period end the company was owed £170 (2021 - £nil) to companies under common control. The loan is non-interest bearing and there are no formal terms of repayment.