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REGISTERED NUMBER: 10211708 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2022

for

Rassau Grid Services Limited

Rassau Grid Services Limited (Registered number: 10211708)






Contents of the Financial Statements
for the Year Ended 31 December 2022




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Rassau Grid Services Limited

Company Information
for the Year Ended 31 December 2022







DIRECTORS: R J Quinlan
K S Gains





SECRETARY: Mrs E Oldroyd





REGISTERED OFFICE: 3rd Floor
24 Savile Row
Mayfair
London
W1S 2ES





REGISTERED NUMBER: 10211708 (England and Wales)






Rassau Grid Services Limited (Registered number: 10211708)

Statement of Financial Position
31 December 2022

31.12.22 31.12.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 32,347,962 28,687,743

CURRENT ASSETS
Debtors 5 9,813,624 17,217,106
Cash at bank 6,581,434 2,459
16,395,058 17,219,565
CREDITORS
Amounts falling due within one year 6 48,626,152 45,048,773
NET CURRENT LIABILITIES (32,231,094 ) (27,829,208 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

116,868

858,535

CAPITAL AND RESERVES
Called up share capital 276 276
Retained earnings 116,592 858,259
116,868 858,535

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 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.

The 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.

The financial statements were approved by the Board of Directors and authorised for issue on 18 April 2024 and were signed on its behalf by:




R J Quinlan - Director



K S Gains - Director


Rassau Grid Services Limited (Registered number: 10211708)

Notes to the Financial Statements
for the Year Ended 31 December 2022

1. STATUTORY INFORMATION

Rassau Grid Services Limited 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. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. The financial statements have been prepared under the historical cost convention.

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 on fixed assets once construction is complete and the assets are brought in to use. Assets are depreciated on a straight line basis over their estimated useful lives of 25 years.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2021 - NIL).

Rassau Grid Services Limited (Registered number: 10211708)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

4. TANGIBLE FIXED ASSETS
Freehold Plant and
property machinery Totals
£    £    £   
COST
At 1 January 2022 783,500 27,904,243 28,687,743
Additions - 4,975,405 4,975,405
At 31 December 2022 783,500 32,879,648 33,663,148
DEPRECIATION
Charge for year - 1,315,186 1,315,186
At 31 December 2022 - 1,315,186 1,315,186
NET BOOK VALUE
At 31 December 2022 783,500 31,564,462 32,347,962
At 31 December 2021 783,500 27,904,243 28,687,743

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£    £   
Trade debtors 1,102,018 -
Amounts owed by group undertakings 5,887,471 4,972,261
Amounts owed by related parties 1,073,467 3,205,959
Other debtors 383,609 713,490
Prepayments & Accrued Income 1,367,059 8,325,396
9,813,624 17,217,106

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£    £   
Trade creditors 160,310 4,045,724
Amounts owed to group undertakings 41,794,951 36,953,499
Other creditors - 47,590
Accruals and deferred income 6,670,891 4,001,960
48,626,152 45,048,773