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REGISTERED NUMBER: 11283722 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 MARCH 2024

FOR

RSD HOLDINGS LTD

RSD HOLDINGS LTD (REGISTERED NUMBER: 11283722)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


RSD HOLDINGS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Ms S M Durie
Mr R J A Durie





REGISTERED OFFICE: 39 Holders Road
Amesbury
Salisbury
Wiltshire
SP4 7PH





REGISTERED NUMBER: 11283722 (England and Wales)





ACCOUNTANTS: Workwell People Solutions Limited
4th Floor
Radius House
51 Clarendon Road
Watford
Hertfordshire
WD17 1HP

RSD HOLDINGS LTD (REGISTERED NUMBER: 11283722)

ABRIDGED BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 20,373 12,795
Investment property 6 3,500,151 2,537,887
3,520,524 2,550,682

CURRENT ASSETS
Debtors 4,044 1,400
Cash at bank 2,735 2,697
6,779 4,097
CREDITORS
Amounts falling due within one year 606,317 599,180
NET CURRENT LIABILITIES (599,538 ) (595,083 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,920,986

1,955,599

CREDITORS
Amounts falling due after more than one
year

7

(2,442,592

)

(1,733,265

)

PROVISIONS FOR LIABILITIES (93,499 ) (38,178 )
NET ASSETS 384,895 184,156

CAPITAL AND RESERVES
Called up share capital 8 2 2
Fair value reserve 398,600 162,758
Retained earnings (13,707 ) 21,396
SHAREHOLDERS' FUNDS 384,895 184,156

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

RSD HOLDINGS LTD (REGISTERED NUMBER: 11283722)

ABRIDGED BALANCE SHEET - continued
31 MARCH 2024


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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 23 December 2024 and were signed on its behalf by:





Mr R J A Durie - Director


RSD HOLDINGS LTD (REGISTERED NUMBER: 11283722)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Rsd Holdings Ltd 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

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.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 20% on cost
Computer equipment - 33% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

4. EMPLOYEES AND DIRECTORS

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

RSD HOLDINGS LTD (REGISTERED NUMBER: 11283722)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023 32,665
Additions 17,443
At 31 March 2024 50,108
DEPRECIATION
At 1 April 2023 19,870
Charge for year 9,865
At 31 March 2024 29,735
NET BOOK VALUE
At 31 March 2024 20,373
At 31 March 2023 12,795

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 2,537,887
Additions 671,101
Revaluations 291,163
At 31 March 2024 3,500,151
NET BOOK VALUE
At 31 March 2024 3,500,151
At 31 March 2023 2,537,887

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2020 (43,706 )
Valuation in 2021 176,547
Valuation in 2022 (50,087 )
Valuation in 2023 118,182
Valuation in 2024 291,162
Cost 3,008,053
3,500,151

RSD HOLDINGS LTD (REGISTERED NUMBER: 11283722)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
2024 2023
£    £   
Repayable by instalments
Bank loans more 5 yr by instal 2,425,342 1,707,015

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary £1 2 2

9. PENSION COMMITMENTS

The company operates a defined pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £12,000 (2023 - £4,000).

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
Mr R J A Durie
Balance outstanding at start of year (586,086 ) (359,993 )
Amounts advanced 143,600 4,125
Amounts repaid (154,574 ) (230,218 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (597,060 ) (586,086 )