Silverfin false 04 October 2024 04 October 2024 Nikinder Baller Praxis 12,739 129,905 false true 31/12/2023 01/01/2023 31/12/2023 S Barrett 01/01/2016 I Birtles 21/06/2011 E L Grut 21/06/2011 I W Harbour 21/06/2011 J McElgunn 01/01/2016 T Meller 01/01/2016 R T Paul 21/06/2011 S J B Smithson 21/06/2011 G C Stirk 21/06/2011 A J Tyley 01/01/2016 Ian Birtles 04 October 2024 The principal activity of the Company during the financial year was the holding of investments in group companies for the parent LLP. 07677513 2023-12-31 07677513 bus:Director1 2023-12-31 07677513 bus:Director2 2023-12-31 07677513 bus:Director3 2023-12-31 07677513 bus:Director4 2023-12-31 07677513 bus:Director5 2023-12-31 07677513 bus:Director6 2023-12-31 07677513 bus:Director7 2023-12-31 07677513 bus:Director8 2023-12-31 07677513 bus:Director9 2023-12-31 07677513 bus:Director10 2023-12-31 07677513 2022-12-31 07677513 core:CurrentFinancialInstruments 2023-12-31 07677513 core:CurrentFinancialInstruments 2022-12-31 07677513 core:ShareCapital 2023-12-31 07677513 core:ShareCapital 2022-12-31 07677513 core:RetainedEarningsAccumulatedLosses 2023-12-31 07677513 core:RetainedEarningsAccumulatedLosses 2022-12-31 07677513 core:CostValuation 2022-12-31 07677513 core:CostValuation 2023-12-31 07677513 core:ProvisionsForImpairmentInvestments 2022-12-31 07677513 core:ImpairmentLossProvisionsForImpairmentInvestments 2023-12-31 07677513 core:ProvisionsForImpairmentInvestments 2023-12-31 07677513 core:OtherMembersGroupNotDefinedElsewhere core:CurrentFinancialInstruments 2023-12-31 07677513 core:OtherMembersGroupNotDefinedElsewhere core:CurrentFinancialInstruments 2022-12-31 07677513 bus:OrdinaryShareClass1 2023-12-31 07677513 2023-01-01 2023-12-31 07677513 bus:FilletedAccounts 2023-01-01 2023-12-31 07677513 bus:SmallEntities 2023-01-01 2023-12-31 07677513 bus:Audited 2023-01-01 2023-12-31 07677513 2022-01-01 2022-12-31 07677513 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 07677513 bus:Director1 2023-01-01 2023-12-31 07677513 bus:Director2 2023-01-01 2023-12-31 07677513 bus:Director3 2023-01-01 2023-12-31 07677513 bus:Director4 2023-01-01 2023-12-31 07677513 bus:Director5 2023-01-01 2023-12-31 07677513 bus:Director6 2023-01-01 2023-12-31 07677513 bus:Director7 2023-01-01 2023-12-31 07677513 bus:Director8 2023-01-01 2023-12-31 07677513 bus:Director9 2023-01-01 2023-12-31 07677513 bus:Director10 2023-01-01 2023-12-31 07677513 bus:Director11 2023-01-01 2023-12-31 07677513 core:Subsidiary1 2023-01-01 2023-12-31 07677513 core:Subsidiary1 1 2023-01-01 2023-12-31 07677513 core:Subsidiary1 1 2022-01-01 2022-12-31 07677513 core:Subsidiary2 2023-01-01 2023-12-31 07677513 core:Subsidiary2 1 2023-01-01 2023-12-31 07677513 core:Subsidiary2 1 2022-01-01 2022-12-31 07677513 core:Subsidiary3 2023-01-01 2023-12-31 07677513 core:Subsidiary3 1 2023-01-01 2023-12-31 07677513 core:Subsidiary3 1 2022-01-01 2022-12-31 07677513 core:Subsidiary4 2023-01-01 2023-12-31 07677513 core:Subsidiary4 1 2023-01-01 2023-12-31 07677513 core:Subsidiary4 1 2022-01-01 2022-12-31 07677513 core:Subsidiary5 2023-01-01 2023-12-31 07677513 core:Subsidiary5 1 2023-01-01 2023-12-31 07677513 core:Subsidiary5 1 2022-01-01 2022-12-31 07677513 core:Subsidiary6 2023-01-01 2023-12-31 07677513 core:Subsidiary6 1 2023-01-01 2023-12-31 07677513 core:Subsidiary6 1 2022-01-01 2022-12-31 07677513 core:Subsidiary7 2023-01-01 2023-12-31 07677513 core:Subsidiary7 1 2023-01-01 2023-12-31 07677513 core:Subsidiary7 1 2022-01-01 2022-12-31 07677513 core:Subsidiary8 2023-01-01 2023-12-31 07677513 core:Subsidiary8 1 2023-01-01 2023-12-31 07677513 core:Subsidiary8 1 2022-01-01 2022-12-31 07677513 core:Subsidiary9 2023-01-01 2023-12-31 07677513 core:Subsidiary9 1 2023-01-01 2023-12-31 07677513 core:Subsidiary9 1 2022-01-01 2022-12-31 07677513 core:Subsidiary10 2023-01-01 2023-12-31 07677513 core:Subsidiary10 1 2023-01-01 2023-12-31 07677513 core:Subsidiary10 1 2022-01-01 2022-12-31 07677513 core:Subsidiary11 2023-01-01 2023-12-31 07677513 core:Subsidiary11 1 2023-01-01 2023-12-31 07677513 core:Subsidiary11 1 2022-01-01 2022-12-31 07677513 core:Subsidiary12 2023-01-01 2023-12-31 07677513 core:Subsidiary12 1 2023-01-01 2023-12-31 07677513 core:Subsidiary12 1 2022-01-01 2022-12-31 07677513 core:CurrentFinancialInstruments 2023-01-01 2023-12-31 07677513 bus:OrdinaryShareClass1 2023-01-01 2023-12-31 07677513 bus:OrdinaryShareClass1 2022-01-01 2022-12-31 07677513 1 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure decimalUnit xbrli:shares

Company No: 07677513 (England and Wales)

RSHP HOLDINGS LIMITED

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

RSHP HOLDINGS LIMITED

Financial Statements

For the financial year ended 31 December 2023

Contents

RSHP HOLDINGS LIMITED

COMPANY INFORMATION

For the financial year ended 31 December 2023
RSHP HOLDINGS LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 December 2023
DIRECTORS S Barrett
I Birtles
E L Grut
I W Harbour
J McElgunn
T Meller
R T Paul
S J B Smithson
G C Stirk
A J Tyley
SECRETARY J E Pencakowski
REGISTERED OFFICE Level 14
The Leadenhall Building
122 Leadenhall Street
London
EC3V 4AB
England
United Kingdom
COMPANY NUMBER 07677513 (England and Wales)
AUDITOR Praxis
1 Poultry
London
EC2R 8EJ
RSHP HOLDINGS LIMITED

BALANCE SHEET

As at 31 December 2023
RSHP HOLDINGS LIMITED

BALANCE SHEET (continued)

As at 31 December 2023
Note 2023 2022
£ £
Fixed assets
Investments 3 162,283 184,341
162,283 184,341
Current assets
Debtors 4 511,371 661,797
Cash at bank and in hand 4,967 40,696
516,338 702,493
Creditors: amounts falling due within one year 5 ( 657,675) ( 878,627)
Net current liabilities (141,337) (176,134)
Total assets less current liabilities 20,946 8,207
Net assets 20,946 8,207
Capital and reserves
Called-up share capital 6 1 1
Profit and loss account 20,945 8,206
Total shareholder's funds 20,946 8,207

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of RSHP Holdings Limited (registered number: 07677513) were approved and authorised for issue by the Board of Directors on 04 October 2024. They were signed on its behalf by:

Ian Birtles
Director
RSHP HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
RSHP HOLDINGS 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

RSHP Holdings 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 Level 14, The Leadenhall Building, 122 Leadenhall Street, London, EC3V 4AB, England, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, 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 directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Group accounts exemption

Group accounts exemption s399
The Company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the Company as an individual entity and not about its group.

RSHP Holdings Limited is a wholly owned subsidiary of RSHP LLP and the results of RSHP Holdings Limited are included in the consolidated financial statements of RSHP LLP which are available from Companies House, Crown Way, Cardiff.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Statement of Income and Retained Earnings in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Dividend income

Dividend income from investments is recognised when the shareholders' rights to receive payment have been established (provided that it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably).

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

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.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

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.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Investments
Investments in non-convertible preference shares and non-puttable ordinary or preference shares (where shares are publicly traded or their fair value is reliably measurable) are measured at fair value through the Statement of Income and Retained Earnings. Where fair value cannot be measured reliably, investments are measured at cost less impairment.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 0 0

3. Fixed asset investments

Investments in subsidiaries

2023
£
Cost
At 01 January 2023 328,543
At 31 December 2023 328,543
Provisions for impairment
At 01 January 2023 144,202
Impairment 22,058
At 31 December 2023 166,260
Carrying value at 31 December 2023 162,283
Carrying value at 31 December 2022 184,341

Investments in shares

Name of entity Registered office Principal activity Class of
shares
Ownership
31.12.2023
Ownership
31.12.2022
RSHP Taiwan Limited Level 14 The Leadenhall Building, 122 Leadenhall Street, London, England, EC3V 4AB Not trading Ordinary 100.00% 100.00%
RSHP Barangaroo Limited Level 14 The Leadenhall Building, 122 Leadenhall Street, London, England, EC3V 4AB Project management services Ordinary 100.00% 100.00%
RSHP1 Limited Level 14 The Leadenhall Building, 122 Leadenhall Street, London, England, EC3V 4AB Project management services Ordinary 100.00% 100.00%
RSHP2 Limited Level 14 The Leadenhall Building, 122 Leadenhall Street, London, England, EC3V 4AB Project management services Ordinary 100.00% 100.00%
RSHP Limited Level 14 The Leadenhall Building, 122 Leadenhall Street, London, England, EC3V 4AB Not trading Ordinary 100.00% 100.00%
RSHP4 Limited Level 14 The Leadenhall Building, 122 Leadenhall Street, London, England, EC3V 4AB Leasing of equipment Ordinary 100.00% 100.00%
RSHP US Inc. Tower 45, Suite 2801, 120 West 45th Street, New York, NY 10036-4041, USA Project support services Capital stock 100.00% 100.00%
Rogers Stirk Harbour + Partners S.L. C/ Velazquez 78, 5º Piso Puerta Izquierda, Madrid 28001, Spain Architects and design consultants Ordinary 100.00% 100.00%
RSHP Australia Pty Ltd Level 31 Tower Two, International Towers, 200 Barangaroo Avenue, Barangaroo, NSW 2000, Australia Project support services Ordinary 100.00% 100.00%
RSHP Switzerland GmbH c/o BDO SA Route de Meyrin 123 – CP 24 – 1219 Châtelaine, Geneva, Switzerland Project support services Ordinary 100.00% 100.00%
RSHP Colombia SAS TV 21 No. 98 05, Bogota, Colombia Architects and design consultants Ordinary 100.00% 100.00%
Rogers Stirk Harbour Consulting Company Ltd 27F, No 9, Songgao Road, Xinyi District, Taipei City 110, Taiwan R.O.C Project support services Ordinary 100.00% 100.00%

4. Debtors

2023 2022
£ £
Amounts owed by Group undertakings 490,435 640,479
Amounts owed by connected persons 20,936 21,318
511,371 661,797

5. Creditors: amounts falling due within one year

2023 2022
£ £
Amounts owed to Group undertakings 408,971 629,922
Amounts owed to connected persons 248,704 248,704
Taxation and social security 0 1
657,675 878,627

There are no amounts included above in respect of which any security has been given by the small entity.

Amounts owed to Group undertakings and connected persons are repayable on demand and do not bear interest.

6. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
1 Ordinary share of £ 1.00 1 1

7. Audit Opinion

The auditor's report on the accounts for the financial year ended 31 December 2023 was unqualified.

The audit report was signed by Nikinder Baller on behalf of Praxis.

8. Ultimate controlling party

The ultimate parent entity is RSHP Group Limited, a company registered in England and Wales. The parent entity of the smallest group which produces group financial statements is RSHP LLP, an LLP registered in England and Wales. The registered office of both entities is Level 14, The Leadenhall Building, 122 Leadenhall Street, London, United Kingdom, EC3V 4AB.

Both entities produce group accounts and copies of these can be obtained from Companies House, Crown Way, Cardiff.