RAPIDASCENT LIMITED

Company Registration Number:
07360657 (England and Wales)

Unaudited abridged accounts for the year ended 31 August 2023

Period of accounts

Start date: 01 September 2022

End date: 31 August 2023

RAPIDASCENT LIMITED

Contents of the Financial Statements

for the Period Ended 31 August 2023

Balance sheet
Notes

RAPIDASCENT LIMITED

Balance sheet

As at 31 August 2023


Notes

2023

2022


£

£
Fixed assets
Investments: 3 5,465,681 4,647,011
Total fixed assets: 5,465,681 4,647,011
Current assets
Stocks: 43,344 43,344
Debtors:   140,569 384,827
Cash at bank and in hand: 37,257 76,996
Total current assets: 221,170 505,167
Creditors: amounts falling due within one year:   (1,548,020) (1,729,897)
Net current assets (liabilities): (1,326,850) (1,224,730)
Total assets less current liabilities: 4,138,831 3,422,281
Total net assets (liabilities): 4,138,831 3,422,281
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 4,138,731 3,422,181
Shareholders funds: 4,138,831 3,422,281

The notes form part of these financial statements

RAPIDASCENT LIMITED

Balance sheet statements

For the year ending 31 August 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 14 March 2024
and signed on behalf of the board by:

Name: A M D Klimt
Status: Director

The notes form part of these financial statements

RAPIDASCENT LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

RAPIDASCENT LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2023

2. Employees

2023 2022
Average number of employees during the period 0 0

RAPIDASCENT LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2023

3. Fixed investments

Fixed asset investments are stated at cost less provision for diminution in value.