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REGISTERED NUMBER: 02534194 (England and Wales)



















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

RSC PARTNERSHIP LIMITED

RSC PARTNERSHIP LIMITED (REGISTERED NUMBER: 02534194)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


RSC PARTNERSHIP LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: R C Scrivener
J M Scrivener





SECRETARY: J M Scrivener





REGISTERED OFFICE: 3 Cheviot Close
Sutton
Surrey
SM2 5SB





REGISTERED NUMBER: 02534194 (England and Wales)





ACCOUNTANTS: Skingle Helps & Co
28 Southway
Carshalton Beeches
Surrey
SM5 4HW

RSC PARTNERSHIP LIMITED (REGISTERED NUMBER: 02534194)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,617 1,040

CURRENT ASSETS
Debtors 5 4,166 94
Cash at bank 73,481 45,805
77,647 45,899
CREDITORS
Amounts falling due within one year 6 10,178 4,282
NET CURRENT ASSETS 67,469 41,617
TOTAL ASSETS LESS CURRENT
LIABILITIES

71,086

42,657

PROVISIONS FOR LIABILITIES 7 687 -
NET ASSETS 70,399 42,657

CAPITAL AND RESERVES
Called up share capital 8 11,905 11,905
Share premium 28,335 28,335
Retained earnings 30,159 2,417
SHAREHOLDERS' FUNDS 70,399 42,657

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 April 2024 and were signed on its behalf by:





R C Scrivener - Director


RSC PARTNERSHIP LIMITED (REGISTERED NUMBER: 02534194)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

RSC Partnership 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents the value of technical writing services provided during the year, excluding value added tax. Turnover is recognised when the services are delivered to the customer.

Uninvoiced services at the year end are included in accrued income. Invoiced services which remain unpaid at the year end are included in debtors. Where customers pay in advance for services, the amount is recorded as deferred income until the service has been delivered.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Debtors
Short term debtors are measured at the transaction price, less any impairment.

Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors
Short-term creditors are measured at the transaction price.

RSC PARTNERSHIP LIMITED (REGISTERED NUMBER: 02534194)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 15,097
Additions 4,485
At 31 December 2023 19,582
DEPRECIATION
At 1 January 2023 14,057
Charge for year 1,908
At 31 December 2023 15,965
NET BOOK VALUE
At 31 December 2023 3,617
At 31 December 2022 1,040

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 4,166 -
Other debtors - 94
4,166 94

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors - 667
Taxation and social security 8,339 -
Other creditors 1,839 3,615
10,178 4,282

7. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 687 -

Deferred
tax
£   
Provided during year 687
Balance at 31 December 2023 687

RSC PARTNERSHIP LIMITED (REGISTERED NUMBER: 02534194)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
11,905 Ordinary £1 11,905 11,905

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is R C Scrivener.