Rio Prestige Performance (UK) Ltd Filleted Accounts Cover
Rio Prestige Performance (UK) Ltd
Company No. SC262685
Information for Filing with The Registrar
28 February 2023
Rio Prestige Performance (UK) Ltd Directors Report Registrar
The Director presents his report and the accounts for the year ended 28 February 2023.
Principal activities
The principal activity of the company during the year under review was luxury car hire.
Director
The Director who served at any time during the year was as follows:
W. Gray
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.
Signed on behalf of the board
W. Gray
Director
28 November 2023
Rio Prestige Performance (UK) Ltd Balance Sheet Registrar
at
28 February 2023
Company No.
SC262685
Notes
2023
2022
£
£
Fixed assets
Tangible assets
4
6,8079,076
6,8079,076
Creditors: Amount falling due within one year
5
(107,840)
(110,866)
Net current liabilities
(107,840)
(110,866)
Total assets less current liabilities
(101,033)
(101,790)
Creditors: Amounts falling due after more than one year
6
(1,873,853)
(1,873,853)
Net liabilities
(1,974,886)
(1,975,643)
Capital and reserves
Called up share capital
1,745,4712,081,135
Revaluation reserve
8
585585
Capital redemption reserve
8
335,664-
Profit and loss account
8
(4,056,606)
(4,057,363)
Total equity
(1,974,886)
(1,975,643)
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 28 November 2023 and signed on its behalf by:
W. Gray
Director
28 November 2023
Rio Prestige Performance (UK) Ltd Notes to the Accounts Registrar
for the year ended 28 February 2023
1
General information
Rio Prestige Performance (UK) Ltd is a private company limited by shares and incorporated in Scotland.
Its registered number is: SC262685
Its registered office is:
52-54 Rose Street
Aberdeen
Scotland
AB10 1HA
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2
Accounting policies
Tangible fixed assets and depreciation
Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.
Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:
Motor vehicles
25% Reducing balance
3
Employees
2023
2022
Number
Number
The average monthly number of employees (including directors) during the year was:
01
4
Tangible fixed assets
Motor vehicles
Total
£
£
Cost or revaluation
At 1 March 2022
185,167185,167
At 28 February 2023
185,167185,167
Depreciation
At 1 March 2022
176,091176,091
Charge for the year
2,2692,269
At 28 February 2023
178,360178,360
Net book values
At 28 February 2023
6,8076,807
At 28 February 2022
9,076
9,076
5
Creditors:
amounts falling due within one year
2023
2022
£
£
Taxes and social security
-
390
Loans from directors
107,840110,476
107,840110,866
6
Creditors:
amounts falling due after more than one year
2023
2022
£
£
Other loans
1,873,8531,873,853
1,873,8531,873,853
7
Share Capital
1, 745,471 ordinary shares at £1.00 each
8
Reserves
Revaluation Reserve
Capital redemption reserve
Total other reserves
£
£
£
At 1 March 2021
585
-
585
At 28 February 2022 and 1 March 2022
585
-
585
Transfers
335,664
335,664
At 28 February 2023
585335,664336,249
Revaluation reserve - reflects the revaluation of property other than investment properties.
Capital redemption reserve - records the nominal value of shares repurchased by the company.
Profit and loss account - includes all current and prior period retained profits and losses.
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