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Company registration number: 01212133







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2024


REARDEN-CORD LIMITED






































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REARDEN-CORD LIMITED
 


 
COMPANY INFORMATION


Directors
D. Berrie 
B. Sangster 




Registered number
01212133



Registered office
Suite 4
28 Claremont Road

Surbiton

Surrey

KT6 4RF




Accountants
Menzies LLP
Chartered Accountants

Magna House

18-32 London Road

Staines-Upon-Thames

TW18 4BP




Bankers
Lloyds Bank Plc
83 Clarence Street

Kingston upon Thames

Surrey

KT1 1RE





 


REARDEN-CORD LIMITED
 



CONTENTS



Page
Statement of Financial Position
1 - 2
Notes to the Financial Statements
3 - 6


 


REARDEN-CORD LIMITED
REGISTERED NUMBER:01212133



STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
652
1,707

  
652
1,707

Current assets
  

Debtors: amounts falling due within one year
 5 
848,464
829,603

Cash at bank and in hand
  
47,288
58,274

  
895,752
887,877

Creditors: amounts falling due within one year
 6 
(485,004)
(420,109)

Net current assets
  
 
 
410,748
 
 
467,768

Total assets less current liabilities
  
411,400
469,475

Creditors: amounts falling due after more than one year
 7 
(12,500)
(22,500)

  

Net assets
  
398,900
446,975


Capital and reserves
  

Called up share capital 
  
6,666
6,666

Share premium account
  
248,334
248,334

Profit and loss account
  
143,900
191,975

  
398,900
446,975


Page 1

 


REARDEN-CORD LIMITED
REGISTERED NUMBER:01212133


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2024

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: 




D. Berrie
B. Sangster
Director
Director
Date: 2 October 2024
Date:2 October 2024

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

Page 2

 


REARDEN-CORD LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Rearden-Cord Limited is a private company limited by shares incorporated in England and Wales. The principal place of business and the address of the registered office is given in the company information page of these financial statements.
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

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 2006. 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 following principal accounting policies have been applied:

 
2.2

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. 

 
2.3

Operating leases: the company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

  
2.4

Pensions

Defined contribution pension plan
The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a seperate entity. Once the contributions have been paid the company has no further payment obligations.
The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3

 


REARDEN-CORD LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)


2.5
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures and fittings
-
25% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.


3.


Employees

The average monthly number of employees, including directors, during the year was 4 (2023 - 5).


4.


Tangible fixed assets





Plant and machinery etc.

£



Cost or valuation


At 1 April 2023
34,355



At 31 March 2024

34,355



Depreciation


At 1 April 2023
32,648


Charge for the year on owned assets
1,055



At 31 March 2024

33,703



Net book value



At 31 March 2024
652



At 31 March 2023
1,707

Page 4

 


REARDEN-CORD LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Debtors

2024
2023
£
£


Trade debtors
246,387
180,612

Amounts owed by group undertakings
592,062
638,530

Other debtors
2,810
5,492

Prepayments and accrued income
7,205
4,969

848,464
829,603



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
204,531
174,404

Trade creditors
2,441
658

Corporation tax
34,233
21,377

Other taxation and social security
194,031
169,389

Other creditors
15,986
13,322

Accruals and deferred income
33,782
40,959

485,004
420,109


The following liabilties disclosed under creditors falling due within one year are secured by the company:
The bank loans are secured on the assets of the company by way of an all asset debenture. There is a cross guarantee in place between the subsidiary Rearden-Cord Limited and BSDB Limited in relation to these debts.
Amounts advanced on sales are secured over the trade debtors of the company.


7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
12,500
22,500

12,500
22,500


Page 5

 


REARDEN-CORD LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

8.


Commitments under operating leases

At 31 March 2024 the company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
11,250
11,250

Later than 1 year and not later than 5 years
10,375
21,625

21,625
32,875


9.Directors' personal guarantees

There is a cross guarantee in place between Rearden-Cord Limited and BSDB Limited in respect of bank loans held by Rearden-Cord Limited totalling £194,531. Both directors also provide personal guarantees in relation to the bank loans in place.

 
Page 6