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REGISTERED NUMBER: 11283722 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 MARCH 2023

FOR

RSD HOLDINGS LTD

RSD HOLDINGS LTD (REGISTERED NUMBER: 11283722)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 March 2023










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


RSD HOLDINGS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 March 2023







DIRECTORS: Ms S M Durie
Mr R J A Durie





REGISTERED OFFICE: 39 Holders Road
Amesbury
Salisbury
Wiltshire
SP4 7PH





REGISTERED NUMBER: 11283722 (England and Wales)





ACCOUNTANTS: JSA Services Limited
4th Floor
Radius House
51 Clarendon Road
Watford
Hertfordshire
WD17 1HP

RSD HOLDINGS LTD (REGISTERED NUMBER: 11283722)

ABRIDGED BALANCE SHEET
31 March 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 5 12,795 17,603
Investment property 6 2,537,887 1,784,000
2,550,682 1,801,603

CURRENT ASSETS
Debtors 1,400 1,400
Cash at bank 2,697 10,292
4,097 11,692
CREDITORS
Amounts falling due within one year (599,180 ) (370,462 )
NET CURRENT LIABILITIES (595,083 ) (358,770 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,955,599

1,442,833

CREDITORS
Amounts falling due after more than one year 7 (1,733,265 ) (1,357,009 )

PROVISIONS FOR LIABILITIES (38,178 ) (15,723 )
NET ASSETS 184,156 70,101

CAPITAL AND RESERVES
Called up share capital 8 2 2
Fair value reserve 162,758 67,031
Retained earnings 21,396 3,068
SHAREHOLDERS' FUNDS 184,156 70,101

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

RSD HOLDINGS LTD (REGISTERED NUMBER: 11283722)

ABRIDGED BALANCE SHEET - continued
31 March 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 December 2023 and were signed on its behalf by:





Mr R J A Durie - Director


RSD HOLDINGS LTD (REGISTERED NUMBER: 11283722)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 March 2023


1. STATUTORY INFORMATION

Rsd Holdings Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 20% on cost
Computer equipment - 33% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

RSD HOLDINGS LTD (REGISTERED NUMBER: 11283722)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 March 2023


5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2022 31,211
Additions 1,454
At 31 March 2023 32,665
DEPRECIATION
At 1 April 2022 13,608
Charge for year 6,262
At 31 March 2023 19,870
NET BOOK VALUE
At 31 March 2023 12,795
At 31 March 2022 17,603

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022 1,784,000
Additions 635,705
Revaluations 118,182
At 31 March 2023 2,537,887
NET BOOK VALUE
At 31 March 2023 2,537,887
At 31 March 2022 1,784,000

Fair value at 31 March 2023 is represented by:
£   
Valuation in 2020 (43,706 )
Valuation in 2021 176,547
Valuation in 2022 (50,087 )
Valuation in 2023 118,182
Cost 2,336,951
2,537,887

RSD HOLDINGS LTD (REGISTERED NUMBER: 11283722)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 March 2023


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS
2023 2022
£    £   
Repayable by instalments
Bank loans more 5 yr by instal 1,707,015 1,321,759

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2 Ordinary £1 2 2

9. PENSION COMMITMENTS

The company operates a defined pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £4,000 (2022 - £Nil).

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2023 and 31 March 2022:

2023 2022
£    £   
Mr R J A Durie
Balance outstanding at start of year (359,993 ) (404,316 )
Amounts advanced 4,125 95,817
Amounts repaid (230,218 ) (51,494 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (586,086 ) (359,993 )