Caseware UK (AP4) 2022.0.179 2022.0.179 2023-08-312023-08-31No description of principal activity2022-11-01false11truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 00741242 2022-11-01 2023-08-31 00741242 2021-11-01 2022-10-31 00741242 2023-08-31 00741242 2022-10-31 00741242 c:Director1 2022-11-01 2023-08-31 00741242 d:FurnitureFittings 2022-11-01 2023-08-31 00741242 d:FurnitureFittings 2023-08-31 00741242 d:FurnitureFittings 2022-10-31 00741242 d:CurrentFinancialInstruments 2023-08-31 00741242 d:CurrentFinancialInstruments 2022-10-31 00741242 d:Non-currentFinancialInstruments 2023-08-31 00741242 d:Non-currentFinancialInstruments 2022-10-31 00741242 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 00741242 d:CurrentFinancialInstruments d:WithinOneYear 2022-10-31 00741242 d:Non-currentFinancialInstruments d:AfterOneYear 2023-08-31 00741242 d:Non-currentFinancialInstruments d:AfterOneYear 2022-10-31 00741242 d:ShareCapital 2023-08-31 00741242 d:ShareCapital 2022-10-31 00741242 d:RetainedEarningsAccumulatedLosses 2023-08-31 00741242 d:RetainedEarningsAccumulatedLosses 2022-10-31 00741242 c:FRS102 2022-11-01 2023-08-31 00741242 c:AuditExempt-NoAccountantsReport 2022-11-01 2023-08-31 00741242 c:FullAccounts 2022-11-01 2023-08-31 00741242 c:PrivateLimitedCompanyLtd 2022-11-01 2023-08-31 iso4217:GBP xbrli:pure

Registered number: 00741242









RATHMORE INVESTMENTS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 AUGUST 2023

 
RATHMORE INVESTMENTS LIMITED
REGISTERED NUMBER: 00741242

STATEMENT OF FINANCIAL POSITION
AS AT 31 AUGUST 2023

31 August
31 August
31 October
31 October
2023
2023
2022
2022
Note
£
£
£
£

Fixed assets
  

Tangible assets
 4 
-
648

  
-
648

Current assets
  

Stocks
 5 
-
341,992

Debtors: amounts falling due within one year
 6 
71,059
100,581

Cash at bank and in hand
  
579
12,634

  
71,638
455,207

Creditors: amounts falling due within one year
 7 
(7,769)
(13,445)

Net current assets
  
 
 
63,869
 
 
441,762

Total assets less current liabilities
  
63,869
442,410

Creditors: amounts falling due after more than one year
 8 
-
(241,185)

  

Net assets
  
63,869
201,225


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
63,867
201,223

  
63,869
201,225


Page 1

 
RATHMORE INVESTMENTS LIMITED
REGISTERED NUMBER: 00741242
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 AUGUST 2023

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 11 October 2023.



H A Harris
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
RATHMORE INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2023

1.


General information

Rathmore Investments Limited is a private company limited by shares and registered in England & Wales. The address of its registered office is 124 Finchley Road, London NW3 5JS. The address of its principal place of business is 31 Quantock Close, Stevenage, Hertfordshire SG1 6BS.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

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.

The following principal accounting policies have been applied:

 
2.2

Going concern

The company ceased trading on 31 August 2023.

 
2.3

Currency

The company's functional and presentational currency is GBP.

Page 3

 
RATHMORE INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2023

2.Accounting policies (continued)

 
2.4

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the period in which they are incurred.

 
2.6

Taxation

Tax is recognised in the statement of income and retained earnings.
The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the United Kingdom.

Page 4

 
RATHMORE INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2023

2.Accounting policies (continued)

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, as follows.

Depreciation is provided on the following basis:

Fixtures and fittings
-
15% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. 
At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Page 5

 
RATHMORE INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2023

2.Accounting policies (continued)

 
2.9

Debtors

Short term debtors are measured at transaction price, less any impairment. 

 
2.10

Cash

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. 

 
2.11

Creditors

Creditors are measured at the transaction price. 

 
2.12

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors and loans from banks and group companies. Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the income statement.

 
2.13

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting. 


3.


Employees

The average monthly number of employees, including directors, during the period was 1 (2022 - 1).

Page 6

 
RATHMORE INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2023

4.


Tangible fixed assets







Fixtures and fittings

£





At 1 November 2022
14,563


Disposals
(14,563)



At 31 August 2023

-





At 1 November 2022
13,915


Disposals
(13,915)



At 31 August 2023

-



Net book value



At 31 August 2023
-



At 31 October 2022
648


5.


Stocks

31 August
31 October
2023
2022
£
£

Property stock
-
341,992

-
341,992



6.


Debtors

31 August
31 October
2023
2022
£
£


Amounts owed by group undertakings
61,781
100,431

Corporation tax recoverable
9,278
-

Prepayments
-
150

71,059
100,581


Page 7

 
RATHMORE INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2023

7.


Creditors: Amounts falling due within one year

31 August
31 October
2023
2022
£
£

Bank loan
-
2,342

Corporation tax
-
4,332

Other creditors
4,169
4,371

Accruals
3,600
2,400

7,769
13,445



8.


Creditors: Amounts falling due after more than one year

31 August
31 October
2023
2022
£
£

Bank loans
-
241,185

-
241,185


The following liabilities were secured:

31 August
31 October
2023
2022
£
£


Bank loan
-
235,327

-
235,327

Details of security provided:

There is a fixed and floating charge on certain company properties held by Metro Bank PLC. 


9.


Controlling party

The parent company is Ardmore Investments Limited, a company registered in England and Wales.

 
Page 8