14 false false false false false false false false false true false false false false false false No description of principal activity 2022-02-01 Sage Accounts Production Advanced 2021 - FRS102_2021 xbrli:pure xbrli:shares iso4217:GBP 05286946 2022-02-01 2023-01-31 05286946 2023-01-31 05286946 2022-01-31 05286946 2021-02-01 2022-01-31 05286946 2022-01-31 05286946 core:PlantMachinery 2022-02-01 2023-01-31 05286946 core:MotorVehicles 2022-02-01 2023-01-31 05286946 bus:RegisteredOffice 2022-02-01 2023-01-31 05286946 bus:LeadAgentIfApplicable 2022-02-01 2023-01-31 05286946 bus:Director1 2022-02-01 2023-01-31 05286946 bus:Director2 2022-02-01 2023-01-31 05286946 bus:Director4 2022-02-01 2023-01-31 05286946 bus:CompanySecretary1 2022-02-01 2023-01-31 05286946 core:LandBuildings 2022-01-31 05286946 core:PlantMachinery 2022-01-31 05286946 core:MotorVehicles 2022-01-31 05286946 core:LandBuildings 2023-01-31 05286946 core:PlantMachinery 2023-01-31 05286946 core:MotorVehicles 2023-01-31 05286946 core:WithinOneYear 2023-01-31 05286946 core:WithinOneYear 2022-01-31 05286946 core:ShareCapital 2023-01-31 05286946 core:ShareCapital 2022-01-31 05286946 core:CapitalRedemptionReserve 2023-01-31 05286946 core:CapitalRedemptionReserve 2022-01-31 05286946 core:RetainedEarningsAccumulatedLosses 2023-01-31 05286946 core:RetainedEarningsAccumulatedLosses 2022-01-31 05286946 core:CostValuation core:Non-currentFinancialInstruments 2022-01-31 05286946 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2023-01-31 05286946 core:CostValuation core:Non-currentFinancialInstruments 2023-01-31 05286946 core:Non-currentFinancialInstruments 2023-01-31 05286946 core:Non-currentFinancialInstruments 2022-01-31 05286946 core:DisposalsRepaymentsInvestments core:Non-currentFinancialInstruments 2023-01-31 05286946 core:LandBuildings 2022-01-31 05286946 core:PlantMachinery 2022-01-31 05286946 core:MotorVehicles 2022-01-31 05286946 bus:SmallEntities 2022-02-01 2023-01-31 05286946 bus:AuditExemptWithAccountantsReport 2022-02-01 2023-01-31 05286946 bus:FullAccounts 2022-02-01 2023-01-31 05286946 bus:SmallCompaniesRegimeForAccounts 2022-02-01 2023-01-31 05286946 bus:PrivateLimitedCompanyLtd 2022-02-01 2023-01-31
COMPANY REGISTRATION NUMBER: 05286946
RR HOLDINGS LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
31 January 2023
RR HOLDINGS LIMITED
FINANCIAL STATEMENTS
YEAR ENDED 31 JANUARY 2023
Contents
Page
Officers and professional advisers
1
Statement of financial position
2
Notes to the financial statements
4
RR HOLDINGS LIMITED
OFFICERS AND PROFESSIONAL ADVISERS
The board of directors
Mr S B Lightbown
Mr J R Roberts
Ms J L Lightbown
Company secretary
Mr J R Roberts
Registered office
368 Kingsway
Hove
East Sussex
BN3 4QT
Accountants
UHY Hacker Young
Chartered accountants
168 Church Road
Hove
BN3 2DL
RR HOLDINGS LIMITED
STATEMENT OF FINANCIAL POSITION
31 January 2023
2023
2022
Note
£
£
£
Fixed assets
Tangible assets
5
102,853
103,081
Investments
6
756,165
762,944
----------
----------
859,018
866,025
Current assets
Stocks
332,331
297,700
Debtors
7
29,869
30,718
Cash at bank and in hand
528,661
568,020
----------
----------
890,861
896,438
Creditors: amounts falling due within one year
8
168,165
167,482
----------
----------
Net current assets
722,696
728,956
-------------
-------------
Total assets less current liabilities
1,581,714
1,594,981
Provisions
Taxation including deferred tax
542
415
-------------
-------------
Net assets
1,581,172
1,594,566
-------------
-------------
Capital and reserves
Called up share capital
1,000
1,000
Capital redemption reserve
1,000
1,000
Profit and loss account
1,579,172
1,592,566
-------------
-------------
Shareholders funds
1,581,172
1,594,566
-------------
-------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 January 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
RR HOLDINGS LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
31 January 2023
These financial statements were approved by the board of directors and authorised for issue on 13 October 2023 , and are signed on behalf of the board by:
Mr S B Lightbown
Mr J R Roberts
Director
Director
Ms J L Lightbown
Director
Company registration number: 05286946
RR HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 JANUARY 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office and principal place of business is 368 Kingsway, Hove, East Sussex, BN3 4QT, England.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
No material uncertainties that may cast significant doubt about the ability of the company to continue as a going concern have been identified by the directors.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. No significant judgements have had to be made by the directors in preparing these financial statements.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
25% reducing balance
Motor vehicles
-
25% reducing balance
Equipment
-
25% reducing balance
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Investments in associates
Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.
Investments in joint ventures
Investments in jointly controlled entities accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in jointly controlled entities accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the joint venture arising before or after the date of acquisition.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Government grants
Government grants are recognised using the accrual model and the performance model. Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable. Under the performance model, where the grant does not impose specified future performance-related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified future performance-related conditions on the recipient, it is recognised in income only when the performance-related conditions have been met. Where grants received are prior to satisfyingthe revenue recognition criteria, they are recognised as a liability.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 14 (2022: 14 ).
5. Tangible assets
Land and buildings
Plant and machinery
Motor vehicles
Equipment
Total
£
£
£
£
£
Cost
At 1 February 2022
100,000
106,259
16,000
4,744
227,003
Additions
722
722
----------
----------
---------
-------
----------
At 31 January 2023
100,000
106,259
16,000
5,466
227,725
----------
----------
---------
-------
----------
Depreciation
At 1 February 2022
105,527
15,967
2,428
123,922
Charge for the year
183
8
759
950
----------
----------
---------
-------
----------
At 31 January 2023
105,710
15,975
3,187
124,872
----------
----------
---------
-------
----------
Carrying amount
At 31 January 2023
100,000
549
25
2,279
102,853
----------
----------
---------
-------
----------
At 31 January 2022
100,000
732
33
2,316
103,081
----------
----------
---------
-------
----------
The investment property has been valued by the directors at 31 January 2023. The directors have based their valuation on their knowledge and experience within the sector. The company has not had the investment property valued by external independent valuers as at 31 January 2023.
6. Investments
Shares in group undertakings
Loans to group undertakings
Total
£
£
£
Cost
At 1 February 2022
1,000
761,944
762,944
Additions
904
904
Disposals
( 7,683)
(7,683)
-------
----------
----------
At 31 January 2023
1,904
754,261
756,165
-------
----------
----------
Impairment
At 1 February 2022 and 31 January 2023
-------
----------
----------
Carrying amount
At 31 January 2023
1,904
754,261
756,165
-------
----------
----------
At 31 January 2022
1,000
761,944
762,944
-------
----------
----------
7. Debtors
2023
2022
£
£
Trade debtors
690
171
Other debtors
29,179
30,547
---------
---------
29,869
30,718
---------
---------
8. Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
74,697
67,075
Corporation tax
33,566
60,010
Social security and other taxes
18,678
19,318
Other creditors
41,224
21,079
----------
----------
168,165
167,482
----------
----------