RSK Selby Holdings Limited 10724281 false 2023-06-01 2024-05-31 2024-05-31 The principal activity of the company is that of a holding company. Digita Accounts Production Advanced 6.30.9574.0 true false false 10724281 2023-06-01 2024-05-31 10724281 2024-05-31 10724281 core:CurrentFinancialInstruments 2024-05-31 10724281 core:CurrentFinancialInstruments core:WithinOneYear 2024-05-31 10724281 core:Non-currentFinancialInstruments 2024-05-31 10724281 core:Non-currentFinancialInstruments core:AfterOneYear 2024-05-31 10724281 bus:SmallEntities 2023-06-01 2024-05-31 10724281 bus:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 10724281 bus:FilletedAccounts 2023-06-01 2024-05-31 10724281 bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 10724281 bus:RegisteredOffice 2023-06-01 2024-05-31 10724281 bus:Director2 2023-06-01 2024-05-31 10724281 bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 10724281 core:Subsidiary1 2023-06-01 2024-05-31 10724281 core:Subsidiary1 1 2023-06-01 2024-05-31 10724281 countries:EnglandWales 2023-06-01 2024-05-31 10724281 core:CostValuation 2023-05-31 10724281 2022-06-01 2023-05-31 10724281 2023-05-31 10724281 core:CurrentFinancialInstruments 2023-05-31 10724281 core:CurrentFinancialInstruments core:WithinOneYear 2023-05-31 10724281 core:Non-currentFinancialInstruments 2023-05-31 10724281 core:Non-currentFinancialInstruments core:AfterOneYear 2023-05-31 10724281 core:Subsidiary1 1 2022-06-01 2023-05-31 iso4217:GBP xbrli:pure

Registration number: 10724281

Prepared for the registrar

RSK Selby Holdings Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 May 2024

 

RSK Selby Holdings Limited

(Registration number: 10724281)
Balance Sheet as at 31 May 2024

Note

2024
£

2023
£

Fixed assets

 

Investments

4

873,390

873,390

Current assets

 

Debtors

5

-

100

Creditors: Amounts falling due within one year

6

(73,321)

(58,421)

Net current liabilities

 

(73,321)

(58,321)

Total assets less current liabilities

 

800,069

815,069

Creditors: Amounts falling due after more than one year

6

(72,497)

(159,361)

Net assets

 

727,572

655,708

Capital and reserves

 

Called up share capital

100

100

Retained earnings

727,472

655,608

Shareholders' funds

 

727,572

655,708

For the financial year ending 31 May 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 8 January 2025 and signed on its behalf by:
 


R Selby
Director

 

RSK Selby Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

 

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Coniston Main Road
Whiteshill
Stroud
Gloucestershire
GL6 6AP

 

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 for, where disclosed in these accounting policies, certain items that are shown at fair value.

The presentational currency of the financial statements is Pounds Sterling, being the functional currency of the primary economic environment in which the company operates. Monetary amounts in these financial statements are rounded to the nearest Pound.

Judgements

No significant judgements have been made by management in preparing these financial statements.

Key sources of estimation uncertainty

No key sources of estimation uncertainty have been identified by management in preparing these financial statements other than those detailed in these accounting policies.

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

 

RSK Selby Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

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.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Financial instruments


Classification
Financial instruments are classified and accounted for according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability on the balance sheet. The corresponding dividends relating to the liability component are charged as interest expenses in the profit and loss account.


Recognition and measurement
All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.


Impairment
Assets, other than those measured at fair value, are assessed for indicators of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss.

 

3

Staff numbers

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

 

RSK Selby Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

 

4

Investments

2024
£

2023
£

Investments in subsidiaries

873,390

873,390

Subsidiaries

£

Cost

At 1 June 2023

873,390

Provision

Carrying amount

At 31 May 2024

873,390

At 31 May 2023

873,390

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

     

2024

2023

Subsidiary undertakings

Newton Consulting SPRL. Limited

Bankside Works London Road, Chalford, Stroud, Gloucestershire, GL6 8PR

Ordinary

100%

100%

The aggregate amount of capital and reserves of Newton Consulting SPRL, Ltd at the end of the period was £136,565.

 

5

Debtors

2024
£

2023
£

Other debtors

-

100

-

100

 

RSK Selby Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

 

6

Creditors

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

7

14,900

-

Other creditors

 

58,421

58,421

 

73,321

58,421

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

7

72,497

159,361

 

7

Loans and borrowings

Current loans and borrowings

2024
£

2023
£

Other borrowings

14,900

-

Non-current loans and borrowings

2024
£

2023
£

Other creditors

72,497

159,361

 

8

Related party transactions


Transactions with directors

At the balance sheet date, the amount owed to the directors was £14,900 (2023: £Nil) in the form of a director's loan account. The loan is unsecured, interest free and repayable on demand.