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REGISTERED NUMBER: 13862420 (England and Wales)















Rubicon UK Holdings Limited

Audited Financial Statements for the Year Ended 29 February 2024






Rubicon UK Holdings Limited (Registered number: 13862420)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 5


Rubicon UK Holdings Limited

Company Information
for the Year Ended 29 February 2024







DIRECTORS: T T Hatt
B M Hatt





REGISTERED OFFICE: C/o Mazars Llp The Pinnacle
160 Midsummer Boulevard
Milton Keynes
Buckinghamshire
MK9 1FF





REGISTERED NUMBER: 13862420 (England and Wales)





AUDITORS: Tearle & Carver Limited
Chandos House
School Lane
Buckingham
Buckinghamshire
MK18 1HD

Rubicon UK Holdings Limited (Registered number: 13862420)

Balance Sheet
29 February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,016 839

CURRENT ASSETS
Stocks 837,048 821,925
Debtors 5 347,266 575,136
Cash at bank 67,784 71,229
1,252,098 1,468,290
CREDITORS
Amounts falling due within one year 6 1,058,561 1,206,580
NET CURRENT ASSETS 193,537 261,710
TOTAL ASSETS LESS CURRENT
LIABILITIES

194,553

262,549

CAPITAL AND RESERVES
Called up share capital 7 250,100 250,100
Retained earnings (55,547 ) 12,449
SHAREHOLDERS' FUNDS 194,553 262,549

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 8 November 2024 and were signed on its behalf by:





T T Hatt - Director


Rubicon UK Holdings Limited (Registered number: 13862420)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Rubicon UK Holdings 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.

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 the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment is depreciated over an expected useful economic life of three years

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year 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 year 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

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

Rubicon UK Holdings Limited (Registered number: 13862420)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 March 2023 1,162
Additions 681
At 29 February 2024 1,843
DEPRECIATION
At 1 March 2023 323
Charge for year 504
At 29 February 2024 827
NET BOOK VALUE
At 29 February 2024 1,016
At 28 February 2023 839

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 347,266 575,031
Other debtors - 105
347,266 575,136

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Wages & salaries control 3,893 3,558
Trade creditors 165,090 849,305
Taxation and social security 128,642 102,254
Other creditors 760,936 251,463
1,058,561 1,206,580

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
250,100 Ordinary 25010 0 250,100 250,100

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Kameliya Harrison FCA (Senior Statutory Auditor)
for and on behalf of Tearle & Carver Limited

Rubicon UK Holdings Limited (Registered number: 13862420)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

9. RELATED PARTY DISCLOSURES

At the end of the period a balance of £252,455 was owed to Rubicon Electrical Distributor Proprietary Limited in the form of an unsecured loan, this is payable on demand

A further balance of £489,676 is owed to Western Cape Rubicon Electrical as a trade creditor

10. GOING CONCERN

Having considered the balance sheet position and availability of support from parent companies the Directors believe that the entity is a going concern.