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REGISTERED NUMBER: 13976099 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024

FOR

R S CAR SALES HOLDINGS LIMITED

R S CAR SALES HOLDINGS LIMITED (REGISTERED NUMBER: 13976099)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 July 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


R S CAR SALES HOLDINGS LIMITED

COMPANY INFORMATION
for the Year Ended 31 July 2024







DIRECTORS: Mr R G R Anderson
Mr T M Cheung





REGISTERED OFFICE: 100 Barbirolli Square
Manchester
M2 3BD





REGISTERED NUMBER: 13976099 (England and Wales)





ACCOUNTANTS: Xeinadin
100 Barbirolli Square
Manchester
M2 3BD

R S CAR SALES HOLDINGS LIMITED (REGISTERED NUMBER: 13976099)

BALANCE SHEET
31 July 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 1,073,774 893,385

CURRENT ASSETS
Debtors 5 - 3,202
Cash at bank 11,498 6,448
11,498 9,650
CREDITORS
Amounts falling due within one year 6 608,617 408,441
NET CURRENT LIABILITIES (597,119 ) (398,791 )
TOTAL ASSETS LESS CURRENT LIABILITIES 476,655 494,594

CREDITORS
Amounts falling due after more than one year 7 494,600 507,214
NET LIABILITIES (17,945 ) (12,620 )

CAPITAL AND RESERVES
Called up share capital 9 202 202
Retained earnings (18,147 ) (12,822 )
SHAREHOLDERS' FUNDS (17,945 ) (12,620 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 November 2024 and were signed on its behalf by:





Mr T M Cheung - Director


R S CAR SALES HOLDINGS LIMITED (REGISTERED NUMBER: 13976099)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 July 2024


1. STATUTORY INFORMATION

R S Car Sales Holdings Limited is a private company limited by share capital, incorporated in England and Wales, registration number 13976099. The address of the registered office is 100 Barbirolli Square, Manchester, M2 3BD. The principal place of business is 403 Groby Road, Crewe, Cheshire, CW1 4PE.

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.

Turnover
Turnover is measured at the fair value of consideration received or receivable for rental income received from properties, excluding discounts, rebates, value added tax and other sales taxes.

Turnover from a contract to provide services is recognised in the period in which the services are provided.

Investment property
Investment properties are properties held to earn rentals and/or for capital appreciation. Investment properties are initially measure at cost, including transaction costs. Subsequently investment properties whose fair value can be measured reliably without undue cost or effort on an on-going basis are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.

Other debtors
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 less impairment losses for bad and doubtful debts.

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

Cash and cash equivalents
Cash and cash equivalents are represented by cash at bank and in hand.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2023 893,385
Additions 180,389
At 31 July 2024 1,073,774
NET BOOK VALUE
At 31 July 2024 1,073,774
At 31 July 2023 893,385

As at 31st July 2024, the directors deem the valuation of investment property to be a fair reflection of its market value.

R S CAR SALES HOLDINGS LIMITED (REGISTERED NUMBER: 13976099)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 July 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors - 3,202

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 20,169 20,169
Trade creditors 36,502 2,791
Taxation and social security 295 1,331
Other creditors 551,651 384,150
608,617 408,441

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 494,600 507,214

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 494,600 507,214

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 514,769 527,383

The bank loan is secured by a charge dated 9 November 2022.

A fixed and floating charge dated 4 July 2022 is also secured over all the assets of the company.

9. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary A £1 100 100
100 Ordinary B £1 100 100
1 Ordinary C £1 1 1
1 Ordinary D £1 1 1
202 202

10. RELATED PARTY DISCLOSURES

Within Other creditors is an interest free loan from an entity under common control amounting to £549,648 (2023 - £382,150).

During the year the company received income of £49,539 (2023 - £47,397) from a company under common control.

R S CAR SALES HOLDINGS LIMITED (REGISTERED NUMBER: 13976099)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 July 2024


11. ULTIMATE CONTROLLING PARTY

The ultimate controlling parties are R Anderson and T Cheung by virtue of their majority shareholding in the
business.