Rusalka Swimming Limited 06758821 false 2022-12-01 2023-11-30 2023-11-30 The principal activity of the company is swimming school. Digita Accounts Production Advanced 6.30.9574.0 true 06758821 2022-12-01 2023-11-30 06758821 2023-11-30 06758821 bus:OrdinaryShareClass1 2023-11-30 06758821 core:RetainedEarningsAccumulatedLosses 2023-11-30 06758821 core:ShareCapital 2023-11-30 06758821 core:CurrentFinancialInstruments 2023-11-30 06758821 core:CurrentFinancialInstruments core:WithinOneYear 2023-11-30 06758821 core:Goodwill 2023-11-30 06758821 core:FurnitureFittingsToolsEquipment 2023-11-30 06758821 core:LandBuildings 2023-11-30 06758821 bus:SmallEntities 2022-12-01 2023-11-30 06758821 bus:AuditExemptWithAccountantsReport 2022-12-01 2023-11-30 06758821 bus:FilletedAccounts 2022-12-01 2023-11-30 06758821 bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 06758821 bus:RegisteredOffice 2022-12-01 2023-11-30 06758821 bus:CompanySecretary1 2022-12-01 2023-11-30 06758821 bus:Director2 2022-12-01 2023-11-30 06758821 bus:OrdinaryShareClass1 2022-12-01 2023-11-30 06758821 bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 06758821 core:Goodwill 2022-12-01 2023-11-30 06758821 core:FurnitureFittings 2022-12-01 2023-11-30 06758821 core:FurnitureFittingsToolsEquipment 2022-12-01 2023-11-30 06758821 core:LandBuildings 2022-12-01 2023-11-30 06758821 core:PlantMachinery 2022-12-01 2023-11-30 06758821 core:OtherRelatedParties 2022-12-01 2023-11-30 06758821 countries:EnglandWales 2022-12-01 2023-11-30 06758821 2022-11-30 06758821 core:Goodwill 2022-11-30 06758821 core:FurnitureFittingsToolsEquipment 2022-11-30 06758821 core:LandBuildings 2022-11-30 06758821 2021-12-01 2022-11-30 06758821 2022-11-30 06758821 bus:OrdinaryShareClass1 2022-11-30 06758821 core:RetainedEarningsAccumulatedLosses 2022-11-30 06758821 core:ShareCapital 2022-11-30 06758821 core:CurrentFinancialInstruments 2022-11-30 06758821 core:CurrentFinancialInstruments core:WithinOneYear 2022-11-30 06758821 core:FurnitureFittingsToolsEquipment 2022-11-30 06758821 core:LandBuildings 2022-11-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 06758821

Rusalka Swimming Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 November 2023

 

Rusalka Swimming Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 10

 

Rusalka Swimming Limited

Company Information

Director

Mrs Y Parker

Company secretary

Mr GW Parker

Registered office

Wellesley House
204 London Road
Waterlooville
Hampshire
PO7 7AN

Accountants

MMO Limited
Chartered Accountants
Wellesley House
204 London Road
Waterlooville
Hampshire
PO7 7AN

 

Rusalka Swimming Limited

(Registration number: 06758821)
Balance Sheet as at 30 November 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

5

4,403

6,683

Current assets

 

Debtors

6

14,527

10,750

Cash at bank and in hand

 

22,963

28,563

 

37,490

39,313

Creditors: Amounts falling due within one year

7

(40,947)

(39,794)

Net current liabilities

 

(3,457)

(481)

Total assets less current liabilities

 

946

6,202

Provisions for liabilities

(837)

(1,270)

Net assets

 

109

4,932

Capital and reserves

 

Called up share capital

8

2

2

Retained earnings

107

4,930

Shareholders' funds

 

109

4,932

For the financial year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 5 August 2024
 

 

Rusalka Swimming Limited

(Registration number: 06758821)
Balance Sheet as at 30 November 2023

.........................................
Mrs Y Parker
Director

 

Rusalka Swimming Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Wellesley House
204 London Road
Waterlooville
Hampshire
PO7 7AN
England

The principal place of business is:
The Downland Stud
Blendworth Lane
Horndean
Waterlooville
Hants
PO8 0AR
England

These financial statements were authorised for issue by the director on 5 August 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

All figures are presented in British Sterling, which is the functional currency of the company and are rounded to the nearest £1.

 

Rusalka Swimming Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Government grants

Government grants relating to revenue expenditure are recognised in income over the periods in which the entity recognises the related costs for which the grant is intended to compensate.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures and fittings

25% reducing balance basis

Plant and machinery

20% straight line basis

Leasehold property

20% straight line basis

 

Rusalka Swimming Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

10% straight line basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

 

Rusalka Swimming Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

 

Rusalka Swimming Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 December 2022

17,000

17,000

At 30 November 2023

17,000

17,000

Amortisation

At 1 December 2022

17,000

17,000

At 30 November 2023

17,000

17,000

Carrying amount

At 30 November 2023

-

-

5

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 December 2022

52,871

49,926

102,797

Additions

-

1,296

1,296

At 30 November 2023

52,871

51,222

104,093

Depreciation

At 1 December 2022

52,871

43,243

96,114

Charge for the year

-

3,576

3,576

At 30 November 2023

52,871

46,819

99,690

Carrying amount

At 30 November 2023

-

4,403

4,403

At 30 November 2022

-

6,683

6,683

Included within the net book value of land and buildings above is £Nil (2022 - £Nil) in respect of short leasehold land and buildings.
 

 

Rusalka Swimming Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

6

Debtors

Current

Note

2023
£

2022
£

Amounts owed by related parties

9

10,750

10,750

Other debtors

 

3,777

-

   

14,527

10,750

7

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Trade creditors

 

322

609

Amounts owed to group undertakings and undertakings in which the company has a participating interest

9

36,564

36,564

Taxation and social security

 

2,662

1,238

Accruals and deferred income

 

1,015

1,015

Other creditors

 

384

368

 

40,947

39,794

8

Share capital

Allotted, called up and fully paid shares

2023

2022

No.

£

No.

£

Ordinary of £1 each

2

2

2

2

       
 

Rusalka Swimming Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

9

Related party transactions

Summary of transactions with other related parties

Waterloo Productions Ltd
Included within other debtors is an amount owed by Waterloo Productions Ltd of £10,750 (2022 - £10,750) which is another company that the director is a shareholder of. This amount is undated, unsecured, interest free and repayable on demand.

Swimming Babies Limited
Included within other creditors is an amount owed to Swimming Babies Limited of £36,563 (2022 - £36,563) which is another company that the director is a shareholder of. This amount is undated, unsecured, interest free and repayable on demand.