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R-TECH HOLDINGS LIMITED

Registered Number
13221159
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2024

R-TECH HOLDINGS LIMITED
Company Information
for the year from 1 April 2023 to 31 March 2024

Directors

BURT, Stephen James
FRANKS, Benjamin David
FRANKS, Jonathan Mark
MUMFORD, David Gareth, Dr

Registered Address

Testing House Kenfig Industrial Estate
Margam
Port Talbot
SA13 2PE

Registered Number

13221159 (England and Wales)
R-TECH HOLDINGS LIMITED
Balance Sheet as at
31 March 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Investments32,350,0002,350,000
2,350,0002,350,000
Current assets
Cash at bank and on hand2222
2222
Creditors amounts falling due within one year(1,191,300)(960,000)
Net current assets (liabilities)(1,191,278)(959,978)
Total assets less current liabilities1,158,7221,390,022
Creditors amounts falling due after one year(720,315)(889,803)
Net assets438,407500,219
Capital and reserves
Called up share capital224224
Share premium499,996499,996
Profit and loss account(61,813)(1)
Shareholders' funds438,407500,219
The financial statements were approved and authorised for issue by the Board of Directors on 4 July 2024, and are signed on its behalf by:
BURT, Stephen James
Director
Registered Company No. 13221159
R-TECH HOLDINGS LIMITED
Notes to the Financial Statements
for the year ended 31 March 2024

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 compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
2.Average number of employees

20242023
Average number of employees during the year44
3.Fixed asset investments

Total

£
Cost or valuation
At 01 April 232,350,000
At 31 March 242,350,000
Net book value
At 31 March 242,350,000
At 31 March 232,350,000
4.Related party transactions
Current and Non-Current Creditors comprise of amounts owed to Group undertakings, Director and Connected person, for sale consideration on investment.