Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-31truefalse12023-04-01falseProperty company1trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13465738 2023-04-01 2024-03-31 13465738 2022-04-01 2023-03-31 13465738 2024-03-31 13465738 2023-03-31 13465738 2022-04-01 13465738 c:Director1 2023-04-01 2024-03-31 13465738 c:RegisteredOffice 2023-04-01 2024-03-31 13465738 d:PlantMachinery 2023-04-01 2024-03-31 13465738 d:PlantMachinery 2024-03-31 13465738 d:PlantMachinery 2023-03-31 13465738 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 13465738 d:FreeholdInvestmentProperty 2023-04-01 2024-03-31 13465738 d:FreeholdInvestmentProperty 2024-03-31 13465738 d:FreeholdInvestmentProperty 2023-03-31 13465738 d:FreeholdInvestmentProperty 2 2023-04-01 2024-03-31 13465738 d:CurrentFinancialInstruments 2024-03-31 13465738 d:CurrentFinancialInstruments 2023-03-31 13465738 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 13465738 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 13465738 d:ShareCapital 2024-03-31 13465738 d:ShareCapital 2023-03-31 13465738 d:ShareCapital 2022-04-01 13465738 d:RetainedEarningsAccumulatedLosses 2023-04-01 2024-03-31 13465738 d:RetainedEarningsAccumulatedLosses 2024-03-31 13465738 d:RetainedEarningsAccumulatedLosses 2022-04-01 2023-03-31 13465738 d:RetainedEarningsAccumulatedLosses 2023-03-31 13465738 d:RetainedEarningsAccumulatedLosses 2022-04-01 13465738 d:AcceleratedTaxDepreciationDeferredTax 2024-03-31 13465738 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 13465738 c:FRS102 2023-04-01 2024-03-31 13465738 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 13465738 c:FullAccounts 2023-04-01 2024-03-31 13465738 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 13465738 f:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure
Registered number: 13465738










RRI HOLDINGS LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




















 
RRI HOLDINGS LIMITED
 
 
Company Information


Director
M G Raymond 




Registered number
13465738



Registered office
3rd Floor
12 Gough Square

London

England

EC4A 3DW





 
RRI HOLDINGS LIMITED
Registered number: 13465738

Balance sheet
As at 31 March 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
3,075
2,695

Investment property
  
6,572,500
6,419,000

  
6,575,575
6,421,695

Current assets
  

Debtors: amounts falling due within one year
 6 
79,309
35,580

Cash at bank
 7 
27,448
29,511

  
106,757
65,091

Creditors: amounts falling due within one year
 8 
(535,002)
(185,108)

Net current liabilities
  
 
 
(428,245)
 
 
(120,017)

Total assets less current liabilities
  
6,147,330
6,301,678

Provisions for liabilities
  

Deferred tax
  
(1,120,257)
(1,128,962)

  
 
 
(1,120,257)
 
 
(1,128,962)

Net assets
  
5,027,073
5,172,716


Capital and reserves
  

Called up share capital 
  
9,000
9,000

Profit and loss account
  
5,018,073
5,163,716

  
5,027,073
5,172,716


Page 1

 
RRI HOLDINGS LIMITED
Registered number: 13465738
    
Balance sheet (continued)
As at 31 March 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 3 December 2024.




M G Raymond
Director

The notes on pages 4 to 9 form part of these financial statements.

Page 2

 
RRI HOLDINGS LIMITED
 

Statement of changes in equity
For the year ended 31 March 2024


Called up share capital
Profit and loss account
Total equity

£
£
£

At 1 April 2023
9,000
5,163,716
5,172,716



Loss for the year
-
(113,243)
(113,243)

Dividends
-
(32,400)
(32,400)


At 31 March 2024
9,000
5,018,073
5,027,073


The notes on pages 4 to 9 form part of these financial statements.


Statement of changes in equity
For the year ended 31 March 2023


Called up share capital
Profit and loss account
Total equity

£
£
£

At 1 April 2022
9,000
5,139,573
5,148,573



Profit for the year
-
91,643
91,643

Dividends
-
(67,500)
(67,500)


At 31 March 2023
9,000
5,163,716
5,172,716


The notes on pages 4 to 9 form part of these financial statements.

Page 3

 
RRI HOLDINGS LIMITED
 
 
 
Notes to the financial statements
For the year ended 31 March 2024

1.


General information

RRI Holdings Limited ("the Company") is a private company limited by shares incorporated in England and Wales with registration number 13465738. The Company's registered address is 3rd Floor, 12 Gough Square, London, England, EC4A 3DW.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue shown in the Profit and loss account represents the rent receivable during the period.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Page 4

 
RRI HOLDINGS LIMITED
 
 
 
Notes to the financial statements
For the year ended 31 March 2024

2.Accounting policies (continued)

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Appliances
-
25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.10

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

Page 5

 
RRI HOLDINGS LIMITED
 
 
 
Notes to the financial statements
For the year ended 31 March 2024

2.Accounting policies (continued)

 
2.11

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

 
2.12

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).

Page 6

 
RRI HOLDINGS LIMITED
 
 
 
Notes to the financial statements
For the year ended 31 March 2024

4.


Tangible fixed assets





Appliances

£



Cost or valuation


At 1 April 2023
3,920


Additions
1,410



At 31 March 2024

5,330



Depreciation


At 1 April 2023
1,225


Charge for the year on owned assets
1,030



At 31 March 2024

2,255



Net book value



At 31 March 2024
3,075



At 31 March 2023
2,695

Page 7

 
RRI HOLDINGS LIMITED
 
 
 
Notes to the financial statements
For the year ended 31 March 2024

5.


Investment property


Freehold investment property

£



Valuation


At 1 April 2023
6,419,000


Additions at cost
324,440


Defecit on revaluation
(170,940)



At 31 March 2024
6,572,500

The investment properties were valued by Thompson Wilson Chartered Surveyors on an open market value for existing use basis at 3 October 2024.



If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2024
2023
£
£


Historic cost
1,015,927
665,523

1,015,927
665,523


6.


Debtors

2024
2023
£
£


Trade debtors
16,701
10,118

Amounts owed by group undertakings
1,000
1,000

Other debtors
54,460
19,181

Prepayments and accrued income
7,148
5,281

79,309
35,580


Page 8

 
RRI HOLDINGS LIMITED
 
 
 
Notes to the financial statements
For the year ended 31 March 2024

7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank
27,448
29,511

27,448
29,511



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Amounts owed to group undertakings
400,000
50,000

Other creditors
107,764
96,614

Accruals and deferred income
27,238
38,494

535,002
185,108



9.


Deferred taxation




2024


£






At beginning of year
(1,128,962)


Charged to profit or loss
8,705



At end of year
(1,120,257)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Gain on investment property revaluation
(1,120,257)
(1,128,962)

(1,120,257)
(1,128,962)

 
Page 9