Radionet Limited 08843332 false 2022-07-01 2023-06-30 2023-06-30 The principal activity of the company is a holding company. Digita Accounts Production Advanced 6.30.9574.0 true false 08843332 2022-07-01 2023-06-30 08843332 2023-06-30 08843332 core:CurrentFinancialInstruments 2023-06-30 08843332 core:CurrentFinancialInstruments core:WithinOneYear 2023-06-30 08843332 bus:SmallEntities 2022-07-01 2023-06-30 08843332 bus:AuditExemptWithAccountantsReport 2022-07-01 2023-06-30 08843332 bus:FullAccounts 2022-07-01 2023-06-30 08843332 bus:SmallCompaniesRegimeForAccounts 2022-07-01 2023-06-30 08843332 bus:RegisteredOffice 2022-07-01 2023-06-30 08843332 bus:CompanySecretaryDirector2 2022-07-01 2023-06-30 08843332 bus:Director1 2022-07-01 2023-06-30 08843332 bus:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 08843332 core:AllSubsidiaries 2022-07-01 2023-06-30 08843332 countries:AllCountries 2022-07-01 2023-06-30 08843332 core:CostValuation 2022-06-30 08843332 2021-07-01 2022-06-30 08843332 2022-06-30 08843332 core:CurrentFinancialInstruments 2022-06-30 08843332 core:CurrentFinancialInstruments core:WithinOneYear 2022-06-30 iso4217:GBP xbrli:pure

Registration number: 08843332

Radionet Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 June 2023

 

Radionet Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

Radionet Limited

Company Information

Directors

MN O'Rourke

NJ Campbell

Company secretary

NJ Campbell

Registered office

Unit 1
Caughey Street
Park Street
Hull, East Yorkshire
East Yorkshire
HU2 8TH

 

Radionet Limited

(Registration number: 08843332)
Balance Sheet as at 30 June 2023

Note

2023
£

2022
£

Fixed assets

 

Investments

4

51,938

51,938

Current assets

 

Cash at bank and in hand

 

105

106

Creditors: Amounts falling due within one year

5

(51,914)

(51,914)

Net current liabilities

 

(51,809)

(51,808)

Net assets

 

129

130

Capital and reserves

 

Called up share capital

100

100

Retained earnings

29

30

Shareholders' funds

 

129

130

For the financial year ending 30 June 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 accounts for the year in question in accordance with section 476; and

The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 7 November 2023 and signed on its behalf by:
 

.........................................
MN O'Rourke
Director

.........................................
NJ Campbell
Company secretary and director

 

Radionet Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

1

General information

The company is a private company limited by share capital incorporated in England & Wales and the company registration number is 08843332.

The address of its registered office is:
Unit 1
Caughey Street
Park Street
Hull, East Yorkshire
East Yorkshire
HU2 8TH

These financial statements were authorised for issue by the Board on 7 November 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements have been prepared in sterling and are rounded to the nearest pound.

Group accounts not prepared

The financial statements contain information about Radionet Limited as an individual company and do not contain consolidated financial information as part of a group. The company has taken the option under Section 398 of the Companies Act 2006 not to prepare consolidated financial statements. .

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the Company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

 

Radionet Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

3

Staff numbers

The average number of persons employed by the Company (including Directors) during the year, was 2 (2022 - 2).

4

Investments

2023
£

2022
£

Investments in subsidiaries

51,938

51,938

Subsidiaries

£

Cost or valuation

At 1 July 2022

51,938

Provision

Carrying amount

At 30 June 2023

51,938

At 30 June 2022

51,938

5

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Amounts owed to group undertakings and undertakings in which the company has a participating interest

 

21,880

21,872

Other borrowings

6

30,034

30,042

 

51,914

51,914

6

Loans and borrowings

2023
£

2022
£

Current loans and borrowings

Other borrowings

30,034

30,042

Other borrowings relate to a unsecured directors loan account.

 

Radionet Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

7

Related party transactions

Other transactions with Directors

At the year end the company owed the directors £30,034 (2022: £30,042). This amount is unsecured, interest free and repayable on demand.

Summary of transactions with subsidiaries

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' not to disclose related party transactions with wholly owned subsidaries within the group.