RFS Ingleby Ltd 12325224 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is that of investments with financial institutions and other related activities. Digita Accounts Production Advanced 6.30.9574.0 true true 12325224 2023-04-01 2024-03-31 12325224 2024-03-31 12325224 bus:OrdinaryShareClass1 2024-03-31 12325224 core:RetainedEarningsAccumulatedLosses 2024-03-31 12325224 core:ShareCapital 2024-03-31 12325224 core:FinancialAssetsCostLessImpairment core:Non-currentFinancialInstruments 2024-03-31 12325224 core:FinancialAssetsDesignatedFairValueThroughProfitOrLoss core:Non-currentFinancialInstruments 2024-03-31 12325224 core:CurrentFinancialInstruments 2024-03-31 12325224 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 12325224 bus:SmallEntities 2023-04-01 2024-03-31 12325224 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 12325224 bus:FilletedAccounts 2023-04-01 2024-03-31 12325224 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 12325224 bus:RegisteredOffice 2023-04-01 2024-03-31 12325224 bus:Director1 2023-04-01 2024-03-31 12325224 bus:Director2 2023-04-01 2024-03-31 12325224 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 12325224 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 12325224 core:RetainedEarningsAccumulatedLosses 2023-04-01 2024-03-31 12325224 core:ShareCapital 2023-04-01 2024-03-31 12325224 core:UKTax 2023-04-01 2024-03-31 12325224 countries:UnitedKingdom 2023-04-01 2024-03-31 12325224 2023-03-31 12325224 core:RetainedEarningsAccumulatedLosses 2023-03-31 12325224 core:ShareCapital 2023-03-31 12325224 2022-04-01 2023-03-31 12325224 2023-03-31 12325224 bus:OrdinaryShareClass1 2023-03-31 12325224 core:CurrentFinancialInstruments 2023-03-31 12325224 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 12325224 core:RetainedEarningsAccumulatedLosses 2022-04-01 2023-03-31 12325224 core:ShareCapital 2022-04-01 2023-03-31 12325224 core:UKTax 2022-04-01 2023-03-31 12325224 2022-03-31 12325224 core:RetainedEarningsAccumulatedLosses 2022-03-31 12325224 core:ShareCapital 2022-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 12325224

RFS Ingleby Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2024

 

RFS Ingleby Ltd

Company Information

Directors

Mrs Razia Chinchanwala

Mr Rashid Peter Chinchanwala

Registered office

6a Davenham Avenue
Northwood
Middlesex
HA6 3HN

Accountants

Mehta & Tengra
9 Berners Place
London
W1T 3AD

 

RFS Ingleby Ltd

(Registration number: 12325224)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Investment property

5

437,000

-

Other financial assets

6

3,002,172

3,307,247

 

3,439,172

3,307,247

Current assets

 

Debtors

7

10,000

10,000

Cash at bank and in hand

 

3,848

2,403

 

13,848

12,403

Creditors: Amounts falling due within one year

8

(9,485)

(5,100)

Net current assets

 

4,363

7,303

Net assets

 

3,443,535

3,314,550

Capital and reserves

 

Called up share capital

9

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 members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

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 Board on 25 November 2024 and signed on its behalf by:
 

.........................................
Mr Rashid Peter Chinchanwala
Director

 

RFS Ingleby Ltd

Statement of Changes in Equity for the Year Ended 31 March 2024

Share capital
£

Retained earnings
£

Total
£

At 1 April 2023

100

3,314,450

3,314,550

Profit for the year

-

128,985

128,985

At 31 March 2024

100

3,443,435

3,443,535

Share capital
£

Retained earnings
£

Total
£

At 1 April 2022

100

2,402,591

2,402,691

Profit for the year

-

911,859

911,859

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

1

General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
6a Davenham Avenue
Northwood
Middlesex
HA6 3HN

These financial statements were authorised for issue by the Board on 25 November 2024.

2

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

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

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.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

4

Taxation

Tax charged/(credited) in the profit and loss account

2024
£

2023
£

Current taxation

UK corporation tax

6,250

-

5

Investment properties

2024
£

Additions

483,922

Fair value adjustments

(46,922)

At 31 March

437,000

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

6

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

2,275,795

726,377

3,002,172

7

Debtors

Current

2024
£

2023
£

Other debtors

10,000

10,000

 

10,000

10,000

8

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

6,252

-

Accruals and deferred income

1,980

3,600

Directors loan account

1,253

1,500

9,485

5,100

9

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100