Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-01-01falseNo description of principal activity33falsetruefalse 08819808 2023-01-01 2023-12-31 08819808 2022-01-01 2022-12-31 08819808 2023-12-31 08819808 2022-12-31 08819808 c:Director3 2023-01-01 2023-12-31 08819808 d:CurrentFinancialInstruments 2023-12-31 08819808 d:CurrentFinancialInstruments 2022-12-31 08819808 d:Non-currentFinancialInstruments 2023-12-31 08819808 d:Non-currentFinancialInstruments 2022-12-31 08819808 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 08819808 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 08819808 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 08819808 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 08819808 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-12-31 08819808 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-12-31 08819808 d:ShareCapital 2023-12-31 08819808 d:ShareCapital 2022-12-31 08819808 d:RetainedEarningsAccumulatedLosses 2023-12-31 08819808 d:RetainedEarningsAccumulatedLosses 2022-12-31 08819808 c:FRS102 2023-01-01 2023-12-31 08819808 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 08819808 c:FullAccounts 2023-01-01 2023-12-31 08819808 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 08819808 2 2023-01-01 2023-12-31 08819808 6 2023-01-01 2023-12-31 08819808 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 08819808









RNS ASSETS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
RNS ASSETS LIMITED
REGISTERED NUMBER: 08819808

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2023
2022
2022
Note
£
£
£
£

Fixed assets
  

Investments
 4 
1,164,122
1,256,958

  
1,164,122
1,256,958

Current assets
  

Debtors: amounts falling due after more than one year
 5 
500,000
500,000

Debtors: amounts falling due within one year
 5 
1,280,354
1,575,000

Current asset investments
 6 
1,157,237
1,361,184

Cash at bank and in hand
 7 
137,762
547,831

  
3,075,353
3,984,015

Creditors: amounts falling due within one year
 8 
(3,569,560)
(4,369,052)

Net current liabilities
  
 
 
(494,207)
 
 
(385,037)

Total assets less current liabilities
  
669,915
871,921

Creditors: amounts falling due after more than one year
 9 
(130,800)
(120,000)

  

Net assets
  
539,115
751,921


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
539,015
751,821

Total equity
  
539,115
751,921


Page 1

 
RNS ASSETS LIMITED
REGISTERED NUMBER: 08819808
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




S Patel
Director

Date: 9 September 2024

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
RNS ASSETS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

RNS Assets Limited is a limited liability company incorporated in England. The registered office is Aston House, Cornwall Avenue, London, N3 1LF. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are produced in pounds sterling, rounded to the nearest £1.

The following principal accounting policies have been applied:

  
2.2

Other operating income

Other operating income consists of rents receivable from the company's investment property. Rental Income is recognised on a receivable basis.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.6

Valuation of investments

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of income and retained earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 3

 
RNS ASSETS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.8

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.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2022 - 3).


4.


Fixed asset investments





Unlisted investments

£



Cost or valuation


At 1 January 2023
1,256,958


Disposals
(92,836)



At 31 December 2023
1,164,122





5.


Debtors

2023
2022
£
£

Due after more than one year

Other debtors
500,000
500,000


2023
2022
£
£

Due within one year

Other debtors
1,280,354
1,575,000


Page 4

 
RNS ASSETS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

6.


Current asset investments

2023
2022
£
£

Listed investments
332,237
536,184

Unlisted investments
825,000
825,000

1,157,237
1,361,184


2023
2022
£
£


Purchases
481,850
481,850

(Losses)/Gains on remeasurement to fair value
(149,613)
54,334

Market value
332,237
536,184


Unlisted investments

Purchases
825,000
825,000

Market value
825,000
825,000



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
137,762
547,831



8.


Creditors: amounts falling due within one year

2023
2022
£
£

Other loans
220,000
336,200

Other creditors
3,345,000
4,027,800

Accruals and deferred income
4,560
5,052

3,569,560
4,369,052


Page 5

 
RNS ASSETS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

9.


Creditors: amounts falling due after more than one year

2023
2022
£
£

Other loans
130,800
120,000



10.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Other loans
220,000
336,200

Amounts falling due 1-2 years

Other loans
130,800
120,000



350,800
456,200


Interest on other loans is payable at 4.5% per annum. Other loans are secured by a charge over the company's investments and a charge over the shares of the company.

 
Page 6