2022-07-012023-06-302023-06-30false09607313RL Squared 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RL Squared Limited

Registered Number
09607313
(England and Wales)

Unaudited Financial Statements for the Year ended
30 June 2023

RL Squared Limited
Company Information
for the year from 1 July 2022 to 30 June 2023

Directors

Lena Papadouri Fox
Richard Andrew Fox
Louisa Papadouri

Registered Address

42 High Street, Wanstead
London
E11 2RJ

Registered Number

09607313 (England and Wales)
RL Squared Limited
Balance Sheet as at
30 June 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Investments71,464,1021,334,102
1,464,1021,334,102
Current assets
Debtors2,042200
Cash at bank and on hand16,94135,673
18,98335,873
Creditors amounts falling due within one year9(71,038)(76,484)
Net current assets (liabilities)(52,055)(40,611)
Total assets less current liabilities1,412,0471,293,491
Creditors amounts falling due after one year10(733,522)(1,154,319)
Net assets678,525139,172
Capital and reserves
Called up share capital721,740300,000
Profit and loss account(43,215)(160,828)
Shareholders' funds678,525139,172
The financial statements were approved and authorised for issue by the Board of Directors on 24 November 2023, and are signed on its behalf by:
Richard Andrew Fox
Director
Registered Company No. 09607313
RL Squared Limited
Notes to the Financial Statements
for the year ended 30 June 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Principal activities
The principal activity of the company in the year under review was that of the letting of investment property and allied services.
4.Accounting policies
Turnover policy
Turnover represents total rents receivable during the year before deduction of any property expenses.
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Fixtures and fittings4
Investments policy
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the profit and loss account.
Employee benefits policy
Contributions to defined contribution plans are expensed in the period to which they relate.
Going concern
The company will have sufficient resources to meet its financial obligations, the directors suggest it is appropriate to prepare the financial statements on a going concern basis.
5.Employee information

20232022
Average number of employees during the year11
6.Property, plant and equipment

Fixtures & fittings

Total

££
Cost or valuation
At 01 July 22394394
At 30 June 23394394
Depreciation and impairment
At 01 July 22394394
At 30 June 23394394
Net book value
At 30 June 23--
At 30 June 22--
7.Fixed asset investments

Other investments1

Total

££
Cost or valuation
At 01 July 221,334,1021,334,102
Revaluations130,000130,000
At 30 June 231,464,1021,464,102
Net book value
At 30 June 231,464,1021,464,102
At 30 June 221,334,1021,334,102

Notes

1Other investments other than loans
8.Debtors within one year

2023

2022

££
Other debtors580200
Prepayments and accrued income1,462-
Total2,042200
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
9.Creditors within one year

2023

2022

££
Bank borrowings and overdrafts38,40038,400
Amounts owed to related parties12,4488,111
Taxation and social security1-
Other creditors19,90628,690
Accrued liabilities and deferred income2831,283
Total71,03876,484
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
10.Creditors after one year

2023

2022

££
Bank borrowings and overdrafts393,522814,319
Amounts owed to related parties120,000120,000
Other creditors220,000220,000
Total733,5221,154,319