Company registration number 13134777 (England and Wales)
RG TRADECO LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
PAGES FOR FILING WITH REGISTRAR
RG TRADECO LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
RG TRADECO LIMITED
BALANCE SHEET
AS AT
30 JUNE 2024
30 June 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Investments
4
800
800
Current assets
Debtors
5
1,475,290
1,475,290
Creditors: amounts falling due within one year
6
(1,481,518)
(1,478,143)
Net current liabilities
(6,228)
(2,853)
Net liabilities
(5,428)
(2,053)
Capital and reserves
Called up share capital
800
800
Profit and loss reserves
(6,228)
(2,853)
Total equity
(5,428)
(2,053)

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

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

The financial statements were approved by the board of directors and authorised for issue on 25 November 2024 and are signed on its behalf by:
S Benson
Director
Company Registration No. 13134777
RG TRADECO LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
- 2 -
1
Accounting policies
Company information

RG Tradeco Limited is a private company limited by shares incorporated in England and Wales. The registered office is The Nurseries, Gravel Lane, Chigwell, Essex, England, IG7 6BZ.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

The company has taken advantage of the exemption under section 400 of the Companies Act 2006 not to prepare consolidated accounts. The financial statements present information about the company as an individual entity and not about its group.

 

RG Tradeco Limited is a wholly owned subsidiary of Bolton Topco Limited and the results of RG Tradeco Limited are included in the consolidated financial statements of Bolton Topco Limited which are available from Companies House.

1.2
Going concern

The financial statements are prepared on a going concern basis. The use of the going concern basis of accounting is appropriate because there are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the company to continue as a going concern.true

 

The directors have carried out an assessment of going concern and taking into account the economic conditions and possible changes in trading performance, alongside the facts noted above, there is a strong expectation that the company has adequate resources to continue in operational existence for a period of at least twelve months from when the financial statements are approved for issue after taking account of group support.

1.3
Fixed asset investments

Interests in subsidiaries are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

1.4
Trade and other debtors
Trade and other receivables are measured at transaction price less any impairment unless the arrangement constitutes a financing transaction in which case the transaction is measured at the present value of the future receipts discounted at the prevailing market rate of interest. Loans are initially measured at fair value and are subsequently measured at amortised cost using the effective interest method less any impairment.
1.5
Trade and other creditors
Trade and other payables are measured at their transaction price unless the arrangement constitutes a financing transaction in which case the transaction is measured at present value of future payments discounted at prevailing market rate of interest. Other financial liabilities are initially measured at fair value net of their transaction costs. They are subsequently measured at amortised cost using the effective interest method.
RG TRADECO LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 3 -
2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

 

The directors consider that there are no significant judgements or estimates in the preparation of these financial statements.

 

3
Employees

The company had no employees in either the current or prior period.

4
Fixed asset investments
2024
2023
£
£
Investments in subsidiaries
800
800
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
1,475,290
1,475,290

Amounts owed by group undertakings are unsecured, interest free, have no fixed date of repayment and are repayable on demand.

RG TRADECO LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 4 -
6
Creditors: amounts falling due within one year
2024
2023
£
£
Amounts owed to group undertakings
1,481,518
1,478,143

Amounts owed to group undertakings are unsecured, interest free, have no fixed date of repayment and are repayable on demand.

7
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006:

The auditor's report was unqualified.

The senior statutory auditor was Alison Nayler BSc FCA and the auditor was Azets Audit Services.
8
Parent company

The company's immediate parent is Bolton Topco Limited. The company's ultimate parent undertaking is Pyr Topco Limited, a company incorporated and registered in England and Wales.

 

The registered offices of the ultimate and immediate parent undertaking is The Nurseries, Gravel Lane, Chigwell, Essex, England, IG7 6BZ.

 

Bolton Topco Limited is the smallest group into which the company's financial statements are consolidated.

 

 

9
Related Party Transactions

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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