Company registration number 13607322 (England and Wales)
RCL-PLL LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2022
PAGES FOR FILING WITH REGISTRAR
RCL-PLL LTD
COMPANY INFORMATION
Directors
Mr S J Briggs
(Appointed 15 October 2021)
Mr E L Cash
(Appointed 15 October 2021)
Mr D H Jacob
(Appointed 7 September 2021)
Mr J S Mullen
(Appointed 15 October 2021)
Mr J R Parker
(Appointed 15 October 2021)
Mr A Peyrat
(Appointed 15 October 2021)
Mr L O Vlad
(Appointed 15 October 2021)
Mr T R Wodzinkski
(Appointed 15 October 2021)
Company number
13607322
Registered office
42 Riverside Road
London
England
SW17 0BA
Accountants
Anova
The Barn, Meadow Court
Faygate Lane
Faygate
Horsham
West Sussex
RH12 4SJ
RCL-PLL LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
RCL-PLL LTD
BALANCE SHEET
AS AT
30 SEPTEMBER 2022
30 September 2022
- 1 -
2022
Notes
£
£
Fixed assets
Investments
4
3,693,983
Current assets
-
Creditors: amounts falling due within one year
5
(3,693,982)
Net current liabilities
(3,693,982)
Net assets
1
Capital and reserves
-
Called up share capital
1

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial period ended 30 September 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The member has not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 29 October 2023 and are signed on its behalf by:
Mr J R Parker
Director
Company registration number 13607322 (England and Wales)
RCL-PLL LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2022
- 2 -
1
Accounting policies
Company information

RCL-PLL Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 42 Riverside Road, London, England, SW17 0BA.

1.1
Reporting period

The company has prepared its inaugural set of accounts for the period from incorporation (7 September 2021) to the end of the month 12 months thereafter (30 September 2022).

1.2
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

This company is a qualifying entity for the purposes of FRS 102, being a member of a group where the parent of that group prepares publicly available consolidated financial statements, including this company, which are intended to give a true and fair view of the assets, liabilities, financial position and profit or loss of the group. The company has therefore taken advantage of exemptions from the following disclosure requirements:

 

 

The financial statements of the company are consolidated in the financial statements of [XXXXX]. These consolidated financial statements are available from its registered office, [XXXXXX].

1.3
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

RCL-PLL LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 SEPTEMBER 2022
1
Accounting policies
(Continued)
- 3 -

Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

1.4
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.5
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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.

Classification of financial liabilities

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 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.

1.6
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

RCL-PLL LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 SEPTEMBER 2022
1
Accounting policies
(Continued)
- 4 -
1.7
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the period was:

2022
Number
Total
-
0
4
Fixed asset investments
2022
£
Shares in group undertakings and participating interests
3,693,983
RCL-PLL LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 SEPTEMBER 2022
4
Fixed asset investments
(Continued)
- 5 -
Movements in fixed asset investments
Shares in subsidiaries
£
Cost or valuation
At 7 September 2021
-
Additions
3,693,983
At 30 September 2022
3,693,983
Carrying amount
At 30 September 2022
3,693,983

On 15 October 2021, the company purchased the entire share capital of Remote Controlled Lighting Ltd and Precision Lighting Ltd.

5
Creditors: amounts falling due within one year
2022
£
Amounts owed to group undertakings
3,693,982
2022-09-302021-09-07false29 October 2023CCH SoftwareCCH Accounts Production 2023.200No description of principal activityMr S J BriggsMr E L CashMr D H JacobMr J S MullenMr J R ParkerMr A PeyratMr L O VladMr T R Wodzinkski136073222021-09-072022-09-3013607322bus:Director12021-09-072022-09-3013607322bus:Director22021-09-072022-09-3013607322bus:Director32021-09-072022-09-3013607322bus:Director42021-09-072022-09-3013607322bus:Director52021-09-072022-09-3013607322bus:Director62021-09-072022-09-3013607322bus:Director72021-09-072022-09-3013607322bus:Director82021-09-072022-09-3013607322bus:RegisteredOffice2021-09-072022-09-30136073222022-09-3013607322core:CurrentFinancialInstrumentscore:WithinOneYear2022-09-3013607322core:ShareCapital2022-09-3013607322core:CurrentFinancialInstruments2022-09-3013607322bus:PrivateLimitedCompanyLtd2021-09-072022-09-3013607322bus:SmallCompaniesRegimeForAccounts2021-09-072022-09-3013607322bus:FRS1022021-09-072022-09-3013607322bus:AuditExempt-NoAccountantsReport2021-09-072022-09-3013607322bus:FullAccounts2021-09-072022-09-30xbrli:purexbrli:sharesiso4217:GBP