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REGISTERED NUMBER: NI696666 (Northern Ireland)















RA SPA-JET (HOLDINGS) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 26 APRIL 2023 TO 31 DECEMBER 2023






RA SPA-JET (HOLDINGS) LIMITED (REGISTERED NUMBER: NI696666)

CONTENTS OF THE FINANCIAL STATEMENTS
for the period 26 April 2023 to 31 December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


RA SPA-JET (HOLDINGS) LIMITED

COMPANY INFORMATION
for the period 26 April 2023 to 31 December 2023







DIRECTORS: R McKay
Mrs A McKay





SECRETARY:





REGISTERED OFFICE: 17 Hawthorn Terrace
Coleraine
United Kingdom
BT52 2BW





REGISTERED NUMBER: NI696666 (Northern Ireland)





ACCOUNTANTS: Jones
Chartered Accountants
4 Comber Street
Saintfield
BALLYNAHINCH
BT24 7AZ

RA SPA-JET (HOLDINGS) LIMITED (REGISTERED NUMBER: NI696666)

BALANCE SHEET
31 December 2023

Notes £
FIXED ASSETS
Investments 4 759,450

CURRENT ASSETS
Cash in hand 100

CREDITORS
Amounts falling due within one year 5 (759,450 )
NET CURRENT LIABILITIES (759,350 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

100

CAPITAL AND RESERVES
Called up share capital 7 100
SHAREHOLDERS' FUNDS 100

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

The members have not required the company to obtain an audit of its financial statements for the period 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 18 September 2024 and were signed on its behalf by:




R McKay - Director



Mrs A McKay - Director


RA SPA-JET (HOLDINGS) LIMITED (REGISTERED NUMBER: NI696666)

NOTES TO THE FINANCIAL STATEMENTS
for the period 26 April 2023 to 31 December 2023


1. STATUTORY INFORMATION

RA Spa-Jet (Holdings) Limited is a private company, limited by shares , registered in Northern Ireland. The company's registered number and registered office address can be found on the Company Information page.

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.

Preparation of consolidated financial statements
The financial statements contain information about RA Spa-Jet (Holdings) Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Investments in subsidiaries
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. 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.

Taxation
Taxation for the period 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 period 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.

RA SPA-JET (HOLDINGS) LIMITED (REGISTERED NUMBER: NI696666)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the period 26 April 2023 to 31 December 2023


2. ACCOUNTING POLICIES - continued

Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Creditors
Short term creditors are measured at transaction price (which is usually the invoice price\. Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL.

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£
COST
Additions 759,450
At 31 December 2023 759,450
NET BOOK VALUE
At 31 December 2023 759,450

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£
Amounts owed to group undertakings 9,450
Other creditors 750,000
759,450

6. SECURED DEBTS

Trade debtors of a subsidiary are covered by an invoice discounting arrangement any monies advanced under the invoice discounting arrangement and are secured on the company's assets.

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £
100 Ordinary shares £1 100

100 Ordinary shares shares of £1 each were allotted and fully paid for cash at par during the period.

RA SPA-JET (HOLDINGS) LIMITED (REGISTERED NUMBER: NI696666)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the period 26 April 2023 to 31 December 2023


8. RELATED PARTY DISCLOSURES

Included within other creditors at note 5 are amounts advanced by two of the company shareholders
totalling £7750,000 The advance is unsecured, interest free and repayable on demand.

9. ULTIMATE CONTROLLING PARTY

Mr R McKay and Mrs A McKay who together own the majority of the issued share capital are considered to be the ultimate controlling party.