Rebelco Holdings Limited |
Notes to the Accounts |
for the year ended 31 December 2023 |
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1 |
Accounting policies |
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Basis of preparation |
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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). |
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Investments |
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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. |
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2 |
Employees |
2023 |
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2022 |
Number |
Number |
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Average number of persons employed by the company |
1 |
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1 |
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The investment represents 100% of the issued share capital of Rebel of Sweden Limited. |
3 |
Related party transactions |
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I N H Rugheimer, the director and ultimate controlling party, has made an interest free loan to the subsidiary company to provide the group with adequate working capital. At the year end the amount due to Mr Rugheimer by the group was £96,837 (2022: £95,291). |
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4 |
Controlling party |
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In the opinion of the director, the ultimate controlling party is E A Rugheimer. |
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5 |
Other information |
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Rebelco Holdings Limited is a private company limited by shares and incorporated in England. Its registered office is: |
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125 Hadlow Road |
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Tonbridge |
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Kent |
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TN9 1QE |