Company registration number 05828469 (England and Wales)
RUSHCREST HOLDINGS LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
PAGES FOR FILING WITH REGISTRAR
RUSHCREST HOLDINGS LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
RUSHCREST HOLDINGS LTD
BALANCE SHEET
AS AT
31 DECEMBER 2023
31 December 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Investments
3
81,272
81,272
Current assets
Debtors
5
194,108
203,108
Creditors: amounts falling due within one year
6
(25,653)
(34,653)
Net current assets
168,455
168,455
Net assets
249,727
249,727
Capital and reserves
Called up share capital
34
34
Share premium account
249,693
249,693
Total equity
249,727
249,727

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved and signed by the director and authorised for issue on 23 September 2024
T R Stean
Director
Company registration number 05828469 (England and Wales)
RUSHCREST HOLDINGS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
- 2 -
1
Accounting policies
Company information

Rushcrest Holdings Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Europa House, Goldstone Villas, Hove, East Sussex, BN3 3RQ.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Financial instruments

The company has elected the following financial instruments :

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
1
1
3
Fixed asset investments
2023
2022
£
£
Investments
81,272
81,272
Fixed asset investments not carried at market value

Fixed asset investments are stated at cost less provision for diminution in value.

RUSHCREST HOLDINGS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 3 -
4
Associates

Details of the company's associates at 31 December 2023 are as follows:

Name of undertaking
Registered office
Nature of business
Class of
% Held
shares held
Direct
Rushcrest Ltd
Europa House, Goldstone Villas, Hove, East Sussex, BN3 3RQ
Property investment and management
Ordinary £1 shares
49.50
5
Debtors
2023
2022
Amounts falling due after more than one year:
£
£
Other debtors
194,108
203,108
6
Creditors: amounts falling due within one year
2023
2022
£
£
Other creditors
25,653
34,653
7
Controlling party

The company was controlled 100% throughout the current and previous period by T R Stean.

8
Directors' transactions

Dividends totalling £2,970 (2022 - £2,970) were paid in the year in respect of shares held by the company's directors.

At the balance sheet date the company was owed £194,108 (2022 - £203,108) by Rushcrest Limited, a company controlled by T R Stean. At the balance sheet date the company owed T R Stean £25,653 (2022 - £34,653).

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