Registration number:
RFS Ingleby Ltd
for the
Year Ended 31 March 2024
RFS Ingleby Ltd
Company Information
Directors |
Mrs Razia Chinchanwala Mr Rashid Peter Chinchanwala |
Registered office |
|
Accountants |
|
RFS Ingleby Ltd
(Registration number: 12325224)
Balance Sheet as at 31 March 2024
Note |
2024 |
2023 |
|
Fixed assets |
|||
Investment property |
|
- |
|
Other financial assets |
3,002,172 |
3,307,247 |
|
|
|
||
Current assets |
|||
Debtors |
|
|
|
Cash at bank and in hand |
|
|
|
|
|
||
Creditors: Amounts falling due within one year |
( |
( |
|
Net current assets |
|
|
|
Net assets |
|
|
|
Capital and reserves |
|||
Called up share capital |
100 |
100 |
|
Retained earnings |
3,443,435 |
3,314,450 |
|
Shareholders' funds |
3,443,535 |
3,314,550 |
For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
• |
|
• |
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.
Approved and authorised by the
......................................... |
RFS Ingleby Ltd
Statement of Changes in Equity for the Year Ended 31 March 2024
Share capital |
Retained earnings |
Total |
|
At 1 April 2023 |
|
|
|
Profit for the year |
- |
|
|
At 31 March 2024 |
|
|
|
Share capital |
Retained earnings |
Total |
|
At 1 April 2022 |
|
|
|
Profit for the year |
- |
|
|
At 31 March 2023 |
100 |
3,314,450 |
3,314,550 |
RFS Ingleby Ltd
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024
General information |
The company is a private company limited by share capital, incorporated in United Kingdom.
The address of its registered office is:
These financial statements were authorised for issue by the
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Going concern
The financial statements have been prepared on a going concern basis.
Revenue recognition
Turnover comprises of interest, dividends received, gain or loss from sale of securities and rental income
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
Tax
The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Investment property
Investments held with Financial Institutions
Investments held with Financial Institutions are shown at market values.
Unlisted Investments
The unlisted investments represent equity and preference shares in a few companies.
As the directors are unable to ascertain the impairment, if any, on the shares, the unlisted investments are shown at cost.
RFS Ingleby Ltd
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Taxation |
Tax charged/(credited) in the profit and loss account
2024 |
2023 |
|
Current taxation |
||
UK corporation tax |
|
- |
Investment properties |
2024 |
|
Additions |
|
Fair value adjustments |
( |
At 31 March |
|
The fair value of the property has been arrived at on the basis of the valuation carried out at that date by the director of the company, who is not a professionally qualified valuer. The valuation was arrived at by reference to the market evidence of transaction prices for similar properties in the location the property is situated.
The cost of the property was £483,922.
RFS Ingleby Ltd
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024
Other financial assets (current and non-current) |
Investments held with financial institutions |
Unlisted investments |
Total |
|
Non-current financial assets |
|||
Cost or valuation |
|||
At 1 April 2023 |
2,275,795 |
726,377 |
3,002,172 |
At 31 March 2024 |
2,275,795 |
726,377 |
3,002,172 |
Impairment |
|||
Carrying amount |
|||
At 31 March 2024 |
|
|
3,002,172 |
Debtors |
Current |
2024 |
2023 |
Other debtors |
|
|
|
|
Creditors |
Creditors: amounts falling due within one year
2024 |
2023 |
|
Due within one year |
||
Taxation and social security |
|
- |
Accruals and deferred income |
|
|
Directors loan account |
|
|
|
|
Share capital |
Allotted, called up and fully paid shares
2024 |
2023 |
|||
No. |
£ |
No. |
£ |
|
|
|
100 |
|
100 |