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Company No: 04378377 (England and Wales)

RETAIL DESIGN SOLUTIONS (CONSULTANCY) EUROPE LIMITED

Unaudited Financial Statements
For the financial year ended 30 April 2024
Pages for filing with the registrar

RETAIL DESIGN SOLUTIONS (CONSULTANCY) EUROPE LIMITED

Unaudited Financial Statements

For the financial year ended 30 April 2024

Contents

RETAIL DESIGN SOLUTIONS (CONSULTANCY) EUROPE LIMITED

STATEMENT OF FINANCIAL POSITION

As at 30 April 2024
RETAIL DESIGN SOLUTIONS (CONSULTANCY) EUROPE LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 30 April 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 1,100,000 0
Investments 4 383,860 0
1,483,860 0
Current assets
Debtors 5 121,903 1
121,903 1
Creditors: amounts falling due within one year 6 ( 1,584,308) 0
Net current (liabilities)/assets (1,462,405) 1
Total assets less current liabilities 21,455 1
Net assets 21,455 1
Capital and reserves
Called-up share capital 7 950 1
Profit and loss account 20,505 0
Total shareholders' funds 21,455 1

For the financial year ending 30 April 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Retail Design Solutions (Consultancy) Europe Limited (registered number: 04378377) were approved and authorised for issue by the Director on 03 October 2024. They were signed on its behalf by:

Mr K P Kent
Director
RETAIL DESIGN SOLUTIONS (CONSULTANCY) EUROPE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2024
RETAIL DESIGN SOLUTIONS (CONSULTANCY) EUROPE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2024
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

Retail Design Solutions (Consultancy) Europe 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 The Mill Store, Foundry Lane, Earls Court, CO6 2SB, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and 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 director has assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The director has 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.

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 Statement of Financial Position date.

Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. Depreciation is provided on all tangible fixed assets, other than investment properties and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows.

Land and buildings not depreciated

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

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

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

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.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Tangible assets

Land and buildings Total
£ £
Cost
At 01 May 2023 0 0
Additions 1,100,000 1,100,000
At 30 April 2024 1,100,000 1,100,000
Accumulated depreciation
At 01 May 2023 0 0
At 30 April 2024 0 0
Net book value
At 30 April 2024 1,100,000 1,100,000
At 30 April 2023 0 0

4. Fixed asset investments

Investments in subsidiaries

2024
£
Cost
At 01 May 2023 0
Additions 949
At 30 April 2024 949
Carrying value at 30 April 2024 949
Carrying value at 30 April 2023 0

Listed investments Total
£ £
Cost or valuation before impairment
At 01 May 2023 0 0
Additions 361,089 361,089
Movement in fair value 21,822 21,822
At 30 April 2024 382,911 382,911
Carrying value at 30 April 2024 382,911 382,911
Carrying value at 30 April 2023 0 0

5. Debtors

2024 2023
£ £
Other debtors 121,903 1

6. Creditors: amounts falling due within one year

2024 2023
£ £
Amounts owed to Group undertakings 1,579,466 0
Taxation and social security 4,842 0
1,584,308 0

7. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
950 Ordinary shares of £ 1.00 each (2023: nil shares) 950 0

8. Related party transactions

Transactions with the entity's director

At the year end the directors' owed the company £121,902 (2023: £nil). This is included in debtors due within one year. The account is interest free.