REGISTERED NUMBER: |
Financial Statements for the Year Ended 31 December 2022 |
for |
Rcf & Gss Holdings Ltd |
REGISTERED NUMBER: |
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: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
AUDITORS: |
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 |
CURRENT ASSETS |
Debtors | 5 |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
7 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
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 |
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 |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 |
NET BOOK VALUE |
At 31 December 2022 |
At 31 December 2021 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2022 | 2021 |
£ | £ |
Amounts owed by group undertakings |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2022 | 2021 |
£ | £ |
Amounts owed to group undertakings |
Other creditors |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2022 | 2021 |
£ | £ |
Other creditors |
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. |
for and on behalf of |
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. |