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RASA BRIDGING LIMITED

Registered Number
10346511
(England and Wales)

Unaudited Financial Statements for the Year ended
30 November 2023

RASA BRIDGING LIMITED
Company Information
for the year from 1 December 2022 to 30 November 2023

Director

NEWMAN, Andrew Jonathan Charles

Registered Address

Level 4 Ldn:W
3 Noble Street
London
EC2V 7EE

Registered Number

10346511 (England and Wales)
RASA BRIDGING LIMITED
Statement of Financial Position
30 November 2023

Notes

2023

2022

£

£

£

£

Current assets
Debtors35,002,2884,642,288
5,002,2884,642,288
Creditors amounts falling due within one year4(5,002,229)(4,642,229)
Net current assets (liabilities)5959
Total assets less current liabilities5959
Net assets5959
Capital and reserves
Called up share capital1414
Profit and loss account4545
Shareholders' funds5959
The financial statements were approved and authorised for issue by the Director on 6 August 2024, and are signed on its behalf by:
NEWMAN, Andrew Jonathan Charles
Director
Registered Company No. 10346511
RASA BRIDGING LIMITED
Notes to the Financial Statements
for the year ended 30 November 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
2.Average number of employees

20232022
Average number of employees during the year00
3.Debtors: amounts due within one year

2023

2022

££
Other debtors5,002,2884,642,288
Total5,002,2884,642,288
On 27 February 2017, the Company agreed to a restructuring of its loan to Larkfleet Limited. Under the terms of this restructuring, the Company is due to receive a payment of £5,760 per unit each time one of 578 houses with planning permission is built. Construction has not yet commenced on any of these properties. At the time of signing, the recoverability of the loans receivable is dependent on litigation between two third parties, the outcome of which cannot be determined by the Directors of the company. Should the outcome of this litigation result in the unwinding of the wider restructuring in 2017, then the value of the loans receivable would be significantly impaired, the outcome or quantification of this can not be reliably ascertained and no adjustment has been made in respect of this at this time.
4.Creditors: amounts due within one year

2023

2022

££
Other creditors4,365,2294,093,644
Accrued liabilities and deferred income637,000548,585
Total5,002,2294,642,229