Silverfin false false 31/12/2023 01/01/2023 31/12/2023 Mr D L Bearman 19/12/2018 18 September 2024 no description of principal activity 11735350 2023-12-31 11735350 bus:Director1 2023-12-31 11735350 2022-12-31 11735350 core:CurrentFinancialInstruments 2023-12-31 11735350 core:CurrentFinancialInstruments 2022-12-31 11735350 core:ShareCapital 2023-12-31 11735350 core:ShareCapital 2022-12-31 11735350 core:RetainedEarningsAccumulatedLosses 2023-12-31 11735350 core:RetainedEarningsAccumulatedLosses 2022-12-31 11735350 core:RemainingRelatedParties core:CurrentFinancialInstruments 2023-12-31 11735350 core:RemainingRelatedParties core:CurrentFinancialInstruments 2022-12-31 11735350 2023-01-01 2023-12-31 11735350 bus:FilletedAccounts 2023-01-01 2023-12-31 11735350 bus:SmallEntities 2023-01-01 2023-12-31 11735350 bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 11735350 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 11735350 bus:Director1 2023-01-01 2023-12-31 11735350 2022-01-01 2022-12-31 11735350 core:CurrentFinancialInstruments 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Company No: 11735350 (England and Wales)

RC39 LIMITED

Unaudited Financial Statements
For the financial year ended 31 December 2023
Pages for filing with the registrar

RC39 LIMITED

Unaudited Financial Statements

For the financial year ended 31 December 2023

Contents

RC39 LIMITED

COMPANY INFORMATION

For the financial year ended 31 December 2023
RC39 LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 December 2023
DIRECTOR Mr D L Bearman
REGISTERED OFFICE 7th Floor South Block
55 Baker Street
London
W1U 8EW
United Kingdom
COMPANY NUMBER 11735350 (England and Wales)
RC39 LIMITED

BALANCE SHEET

As at 31 December 2023
RC39 LIMITED

BALANCE SHEET (continued)

As at 31 December 2023
2023 2022
£ £
Current assets
Cash at bank and in hand 23 943
23 943
Creditors: amounts falling due within one year 3 ( 23) ( 943)
Net current assets 0 0
Total assets less current liabilities 0 0
Net assets 0 0
Capital and reserves
Called-up share capital 1 1
Profit and loss account ( 1 ) ( 1 )
Total shareholders' funds 0 0

For the financial year ending 31 December 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 financial statements of RC39 Limited (registered number: 11735350) were approved and authorised for issue by the Director on 18 September 2024. They were signed on its behalf by:

Mr D L Bearman
Director
RC39 LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
RC39 LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

RC39 Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 7th Floor South Block, 55 Baker Street, London, W1U 8EW, United Kingdom.

The financial statements have been prepared under the historical cost convention and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The company had minimal activity in the year and the director intends for this to be the final set of financial statements prepared and to apply to the Registrar of Companies to strike off the company from the Companies Register.

Group accounts exemption

Group accounts exemption s399
The Company has taken advantage of the exemption under section 399 of the Companies Act 2006 from the requirement to prepare consolidated financial statements, on the grounds that it is a small sized group.

Foreign currency

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting date.

Taxation

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

The current 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.

Group relief

Charges for amounts payable in respect of tax losses surrendered to the company or credits for the amounts receivable in respect of tax losses surrendered by the company and utilised by the other group companies are recognised in the year to which they relate.

Borrowing costs

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss over the period of relevant borrowing.

Interest-free borrowings or loans at non-market rates of interest are discounted to present value by charging notional interest as a market rate of interest based on the rate that would apply to similar debt instruments. Where interest-free borrowings are repayable on demand no discounting takes place and the loans are held at fair value.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Fixed asset investments

Investments in subsidiaries are measured at cost less impairment.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Financial instruments are impaired when an indication of impairment has become evident.

2. Employees

2023 2022
Number Number
The average number of persons employed by the Company during the year was 0 0

3. Creditors: amounts falling due within one year

2023 2022
£ £
Amounts owed to related parties 23 943

The loan from Mr H D Nathanson, the ultimate shareholder was unsecured, interest free and repayable on demand. £920 (2022 - £66,757) was written off by the shareholder during the year and the carrying amount of the loan at the year end is £23 (2022 - £943).

4. Parent and ultimate parent undertaking

The company’s immediate and ultimate parent company is Firefly Capital Limited, incorporated in England & Wales.