2023-07-012024-06-302024-06-30false09607313RL Squared 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RL Squared Limited

Registered Number
09607313
(England and Wales)

Unaudited Financial Statements for the Year ended
30 June 2024

RL Squared Limited
Company Information
for the year from 1 July 2023 to 30 June 2024

Directors

Lena Papadouri Fox
Richard Andrew Fox
Louisa Papadouri

Registered Address

42 High Street, Wanstead
London
E11 2RJ

Registered Number

09607313 (England and Wales)
RL Squared Limited
Balance Sheet as at
30 June 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Investments41,375,0001,464,102
1,375,0001,464,102
Current assets
Debtors52,4282,042
Cash at bank and on hand20,82916,941
23,25718,983
Creditors amounts falling due within one year6(72,541)(71,038)
Net current assets (liabilities)(49,284)(52,055)
Total assets less current liabilities1,325,7161,412,047
Creditors amounts falling due after one year7(760,820)(733,522)
Net assets564,896678,525
Capital and reserves
Called up share capital721,740721,740
Profit and loss account(156,844)(43,215)
Shareholders' funds564,896678,525
The financial statements were approved and authorised for issue by the Board of Directors on 22 October 2024, and are signed on its behalf by:
Richard Andrew Fox
Director
Registered Company No. 09607313
RL Squared Limited
Notes to the Financial Statements
for the year ended 30 June 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Going concern
The company will have sufficient resources to meet its financial obligations, the directors suggest it is appropriate to prepare the financial statements on a going concern basis.
Turnover policy
Turnover represents total rents receivable during the year before deduction of any property expenses.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Fixtures and fittings4
Investments
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the profit and loss account.
2.Average number of employees

20242023
Average number of employees during the year11
3.Tangible fixed assets

Fixtures & fittings

Total

££
Cost or valuation
At 01 July 23394394
At 30 June 24394394
Depreciation and impairment
At 01 July 23394394
At 30 June 24394394
Net book value
At 30 June 24--
At 30 June 23--
4.Fixed asset investments

Other investments1

Total

££
Cost or valuation
At 01 July 231,464,1021,464,102
Revaluations(89,102)(89,102)
At 30 June 241,375,0001,375,000
Net book value
At 30 June 241,375,0001,375,000
At 30 June 231,464,1021,464,102

Notes

1Other investments other than loans
5.Debtors: amounts due within one year

2024

2023

££
Other debtors400580
Prepayments and accrued income2,0281,462
Total2,4282,042
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
6.Creditors: amounts due within one year

2024

2023

££
Bank borrowings and overdrafts38,40038,400
Amounts owed to related parties14,95012,448
Taxation and social security-1
Other creditors18,94119,906
Accrued liabilities and deferred income250283
Total72,54171,038
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
7.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts379,709393,522
Amounts owed to related parties81,112120,000
Other creditors299,999220,000
Total760,820733,522