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Registered Number: 03199131
England and Wales

 

 

 

RND (HOLDINGS) LIMITED


Abridged Accounts
 


Period of accounts

Start date: 01 January 2023

End date: 31 December 2023
Report to the directors on the preparation of the unaudited statutory accounts of RND (Holdings) Limited for the year ended 31 December 2023. In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of RND (Holdings) Limited for the year ended 31 December 2023 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the companys accounting records and from information and explanations you have given us. As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://rulebook.accaglobal.com/. This report is made solely to the Board of Directors of RND (Holdings) Limited, as a body, in accordance with the terms of our engagement letter dated 22 June 2020. Our work has been undertaken solely to prepare for your approval the accounts of RND (Holdings) Limited and state those matters that we have agreed to state to the Board of Directors of RND (Holdings) Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than RND (Holdings) Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that RND (Holdings) Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of RND (Holdings) Limited. You consider that RND (Holdings) Limited is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the accounts of RND (Holdings) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts for the period ended 31 December 2023.



....................................................
Baranov Associates Limited
4 Academy Close
Kirkby Stephen
Cumbria
CA17 4JG
09 April 2024
1
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Investments 3 518,002    518,002 
518,002    518,002 
Current assets      
Debtors   346,339 
Cash at bank and in hand 330,984    1,186,517 
330,984    1,532,856 
Creditors: amount falling due within one year (712,942)   (1,539,634)
Net current assets (381,958)   (6,778)
 
Total assets less current liabilities 136,044    511,224 
Net assets 136,044    511,224 
 

Capital and reserves
     
Called up share capital 4 62    62 
Profit and loss account 135,982    511,161 
Shareholder's funds 136,044    511,223 
 


For the year ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the companies act 2006.
  2. 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.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 09 April 2024 and were signed on its behalf by:


-------------------------------
Richard Sweetland
Director
2
General Information
RND (Holdings) Limited is a private company, limited by shares, registered in England and Wales, registration number 03199131, registration address 5 Brassey Close, Oxted, Surrey, RH8 0EX.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using 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.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Current and deferred tax assets and liabilities are not discounted.
Investment properties
Investment properties are properties held to earn rentals and/or for capital appreciation.
Investment properties should be recognised initially at cost and subsequently investment properties are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.
Fixed asset investments
Fixed asset investments are stated at cost less provision for any permanent diminution in value.
2.

Average number of employees

Average number of employees during the year was 0 (2022 : 0).
3.

Investments

Cost Other investments other than loans   Total
  £   £
At 01 January 2023 518,002    518,002 
Additions  
Transfer to/from tangible fixed assets  
Disposals  
At 31 December 2023 518,002    518,002 

4.

Share Capital

Allotted, called up and fully paid
2023
£
  2022
£
62 Ordinary shares of £1.00 each 62    62 
62    62 

5.

Related parties

During the year the company entered into the following transactions with related parties:
Transaction value - income/(expenses) Balance owed by/(owed to)
2023
£
 2022
£
 2023
£
 2022
£
Chandris Holdings Limited346,339 
Amdon Holdings Limited(705,636)(1,534,733)

50 % of Chandris Holdings Limited is owned by the Directors and family of RND (Holdings) Limited.
Amdon Holdings Limited is the parent company. During the year the company paid a dividend to the parent company of £406,324 (2022: £406,324).
3