RGA1 LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
RGA1 Limited is a private number limited by shares incorporated in England and Wales. The registered office is Walton House, Richmond Hill, Bournemouth, Dorset, United Kingdom, BH2 6EX. The principal activity of the company is to act as a holding company for Rapida SP Z.O.O. The principal activity of Rapida is to provide individuals with guarantor loans up to 25,000 Polish Zlort over 1 to 4 years.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
Investments in subsidiaries are measured at cost less accumulated impairment.
Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Profit and loss account for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.
Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.
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Investments in subsidiary companies
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