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REGISTERED NUMBER: 08282923 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

RS DATA TECH, LTD

RS DATA TECH, LTD (REGISTERED NUMBER: 08282923)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RS DATA TECH, LTD

COMPANY INFORMATION
for the Year Ended 31 December 2023







DIRECTORS: D W Tam
B Seow
C J Downes
C S Silvester
T J Mcerlane III





SECRETARY: B Seow





REGISTERED OFFICE: C/O William Sturges LLP Burwood House
14-16 Caxton Street
London
SW1H 0QY





REGISTERED NUMBER: 08282923 (England and Wales)





ACCOUNTANTS: Oury Clark Chartered Accountants
Herschel House
58 Herschel Street
Slough
Berkshire
SL1 1PG

RS DATA TECH, LTD (REGISTERED NUMBER: 08282923)

BALANCE SHEET
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 1

CURRENT ASSETS
Debtors 5 1,919,025 1,270,790
Cash at bank 272,592 120,905
2,191,617 1,391,695
CREDITORS
Amounts falling due within one year 6 5,811,245 4,781,649
NET CURRENT LIABILITIES (3,619,628 ) (3,389,954 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(3,619,628

)

(3,389,953

)

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings (3,619,629 ) (3,389,954 )
SHAREHOLDERS' FUNDS (3,619,628 ) (3,389,953 )

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.

RS DATA TECH, LTD (REGISTERED NUMBER: 08282923)

BALANCE SHEET - continued
31 December 2023


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 September 2024 and were signed on its behalf by:





B Seow - Director


RS DATA TECH, LTD (REGISTERED NUMBER: 08282923)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

RS Data Tech, Ltd 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.

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.

The parent company, Ratespecial Interactive, LLC, have provided a commitment to provide any financial support which may be necessary in order that the company can meet its liabilities, as they fall due, for a period of at least 12 months and one day from the date of the signed accounts. As a result of this commitment the directors have continued to adopt the going concern basis in preparing these financial statements.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover represents net invoiced sales of services, excluding value added tax.

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 - Straight line over 3 years

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

RS DATA TECH, LTD (REGISTERED NUMBER: 08282923)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Financial instruments
Basic financial instruments as covered by Section 11 of FRS102 are measured at amortised cost. The company does not have any other financial instruments as covered by Section 12 of FRS102.

Government grants
Grants from the government relating to expenditure are recognised under the accrual model. Government grants are recognised in other income at their fair value in the period in which the entity recognises the related costs for which the grant is intended to compensate

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2022 - 11 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023
and 31 December 2023 9,471
DEPRECIATION
At 1 January 2023 9,470
Charge for year 1
At 31 December 2023 9,471
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 1

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 260,400 303,011
Amounts owed by group undertakings 1,460,104 759,490
Other debtors 198,521 208,289
1,919,025 1,270,790

RS DATA TECH, LTD (REGISTERED NUMBER: 08282923)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 188,659 147,402
Amounts owed to group undertakings 5,396,651 4,435,085
Taxation and social security 184,225 189,961
Other creditors & accruals 41,710 9,201
5,811,245 4,781,649

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.12.23 31.12.22
£    £   
Within one year 3,132 3,000

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
1 Ordinary £1 1 1

9. ULTIMATE PARENT COMPANY

The ultimate parent company is Ratespecial Interactive, LLC.

10. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.