Registered number
12112484
Rodimus Investments UK Ltd
Filleted Accounts
31 July 2023
Rodimus Investments UK Ltd
Registered number: 12112484
Balance Sheet
as at 31 July 2023
Notes 2023 2022
£ £
Fixed assets
Investments 3 21,930 21,930
Current assets
Debtors 4 709,021 709,021
Creditors: amounts falling due within one year 5 (63,641) (59,751)
Net current assets 645,380 649,270
Total assets less current liabilities 667,310 671,200
Creditors: amounts falling due after more than one year 6 (687,599) (687,599)
Net liabilities (20,289) (16,399)
Capital and reserves
Called up share capital 100 100
Profit and loss account (20,389) (16,499)
Shareholder's funds (20,289) (16,399)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Tiffany Ann Purves
Director
Approved by the board on 21 February 2024
Rodimus Investments UK Ltd
Notes to the Accounts
for the year ended 31 July 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Investments
Other
investments
£
Cost
At 1 August 2022 21,930
At 31 July 2023 21,930
Investment in Optima Partiha (a property company registered in Portugal) is in the form of shares and a loan reflected in Other Creditors below. The loan to Optima Partiha is interest free and has no fixed terms of repayment.
4 Debtors 2023 2022
£ £
Loan to Optima Partiha 687,599 687,599
Other debtors 21,422 21,422
709,021 709,021
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 1,320 -
Shareholders Loan 19,069 16,499
Other creditors 43,252 43,252
63,641 59,751
6 Creditors: amounts falling due after one year 2023 2022
£ £
Loan from Shareholder 687,599 687,599
7 Related party transactions
The loan from Rodimus Holdings, the holding company, is interest free and has no fixed terms for repayment.
8 Controlling party
The company is owned 100% by Rodimus Holdings Ltd that is registered in Mauritius.
9 Other information
Rodimus Investments UK Ltd is a private company limited by shares and incorporated in England. Its registered office is:
9 Danesfield
Ripley
Surrey
GU23 6LS
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