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REGISTERED NUMBER: 14985099 (England and Wales)















Unaudited Financial Statements

for the Period 6th July 2023 to 31st July 2024

for

RNE Capital Limited

RNE Capital Limited (Registered number: 14985099)






Contents of the Financial Statements
for the Period 6th July 2023 to 31st July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 6

RNE Capital Limited

Company Information
for the Period 6th July 2023 to 31st July 2024







DIRECTORS: Ms V Powar
R Powar





REGISTERED OFFICE: 167-169 Great Portland Street
5th Floor
London
W1W 5PF





REGISTERED NUMBER: 14985099 (England and Wales)





ACCOUNTANTS: Sampson Fielding Ltd
34 - 35 Clarges Street
Mayfair
London
W1J 7EJ

RNE Capital Limited (Registered number: 14985099)

Balance Sheet
31st July 2024

Notes £    £   
FIXED ASSETS
Tangible assets 4 5,065
Investments 5 2,833,277
2,838,342

CURRENT ASSETS
Debtors 6 933,047
Cash at bank 120,940
1,053,987
CREDITORS
Amounts falling due within one year 7 39,403
NET CURRENT ASSETS 1,014,584
TOTAL ASSETS LESS CURRENT LIABILITIES 3,852,926

CREDITORS
Amounts falling due after more than one year 8 (3,633,536 )

PROVISIONS FOR LIABILITIES (10,515 )

ACCRUALS AND DEFERRED INCOME (3,000 )
NET ASSETS 205,875

CAPITAL AND RESERVES
Called up share capital 541
Retained earnings 205,334
205,875

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31st July 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31st July 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30th October 2024 and were signed on its behalf by:



R Powar - Director


RNE Capital Limited (Registered number: 14985099)

Notes to the Financial Statements
for the Period 6th July 2023 to 31st July 2024

1. STATUTORY INFORMATION

RNE Capital Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Computer equipment - 33% on cost

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

RNE Capital Limited (Registered number: 14985099)

Notes to the Financial Statements - continued
for the Period 6th July 2023 to 31st July 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors and investments in non derivative financial instruments.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and account receivables and payables, are initially measured at the transaction price (adjusted for transaction cost) and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangement constitutes a financing transaction, such as a trade debtor or creditor on extended credit terms, initial measurement is at the present value of future cash flows discounted at a market rate of interest. Subsequent measurement is at amortised cost.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If such evidence is identified, an impairment loss is recognised in the income statement.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between carrying amount and the present value of estimated cash flows discounted at the original effective interest rate. If the financial instrument has a variable interest rate the currently effective rate under the contract is used.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset’s carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the company would receive for the asset if it were to be sold at the reporting date.

Financial assets and liabilities are offset, and the net amount reported in the statement of financial position when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. At present, the company has not offset any items.

Fixed asset investments
Publicly traded fixed asset investments are initially measured at cost and subsequently measured at fair value with changes in fair value recognised in the income statement.

All other fixed asset investments are measured at cost less impairment, with any impairment loss measured in the income statement.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
Additions 5,363
At 31st July 2024 5,363
DEPRECIATION
Charge for period 298
At 31st July 2024 298
NET BOOK VALUE
At 31st July 2024 5,065

RNE Capital Limited (Registered number: 14985099)

Notes to the Financial Statements - continued
for the Period 6th July 2023 to 31st July 2024

5. FIXED ASSET INVESTMENTS
Listed Unlisted
investments investments Totals
£    £    £   
COST OR VALUATION
Additions 4,968,555 111,799 5,080,354
Disposals (2,284,071 ) - (2,284,071 )
Revaluations 36,994 - 36,994
At 31st July 2024 2,721,478 111,799 2,833,277
NET BOOK VALUE
At 31st July 2024 2,721,478 111,799 2,833,277

Cost or valuation at 31st July 2024 is represented by:

Listed Unlisted
investments investments Totals
£    £    £   
Valuation in 2024 2,721,478 - 2,721,478
Cost - 111,799 111,799
2,721,478 111,799 2,833,277

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other debtors 1,115
Prepaid property costs 929,785
Prepayments 1,093
Accrued interest 1,054
933,047

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 46
Tax 38,995
Directors' current accounts 362
39,403

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
£   
Directors' loan accounts 3,633,536

9. CAPITAL COMMITMENTS
£   
Contracted but not provided for in the
financial statements 425,353

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
RNE Capital Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of RNE Capital Limited for the period ended 31st July 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of RNE Capital Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of RNE Capital Limited and state those matters that we have agreed to state to the Board of Directors of RNE Capital Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than RNE Capital Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that RNE Capital Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of RNE Capital Limited. You consider that RNE Capital Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of RNE Capital Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Sampson Fielding Ltd
34 - 35 Clarges Street
Mayfair
London
W1J 7EJ


30th October 2024