REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 29th February 2024 |
for |
R T C Corporation Limited |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 29th February 2024 |
for |
R T C Corporation Limited |
R T C Corporation Limited (Registered number: 03929564) |
Contents of the Financial Statements |
for the Year Ended 29th February 2024 |
Page |
Company Information | 1 |
Statement of Financial Position | 2 |
Notes to the Financial Statements | 4 |
R T C Corporation Limited |
Company Information |
for the Year Ended 29th February 2024 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
272 Regents Park Road |
London |
N3 3HN |
R T C Corporation Limited (Registered number: 03929564) |
Statement of Financial Position |
29th February 2024 |
2024 | 2023 |
Notes | € | € | € | € |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
7 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS |
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. |
R T C Corporation Limited (Registered number: 03929564) |
Statement of Financial Position - continued |
29th February 2024 |
The financial statements were approved by the Board of Directors and authorised for issue on |
R T C Corporation Limited (Registered number: 03929564) |
Notes to the Financial Statements |
for the Year Ended 29th February 2024 |
1. | STATUTORY INFORMATION |
R T C Corporation Limited is a |
The presentation currency of the financial statements is the Euro (€). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The financial statements are prepared in accordance with the going concern convention on the basis that continued financial support will be made available by the the company's bankers, creditors, the companies within the group. |
Turnover |
The company acts as agents and the turnover represents the commission earned. Commission is recognised as revenue on the receipts of goods by the principal. |
Tangible fixed assets |
Land and buildings | - |
Plant and machinery etc | - |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
Current or deferred taxation assets and liabilities are not discounted. |
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date. |
Foreign currencies |
Assets and liabilities in foreign currencies are translated into € at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into € at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
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. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
R T C Corporation Limited (Registered number: 03929564) |
Notes to the Financial Statements - continued |
for the Year Ended 29th February 2024 |
4. | TANGIBLE FIXED ASSETS |
Plant and |
Land and | machinery |
buildings | etc | Totals |
€ | € | € |
COST |
At 1st March 2023 |
and 29th February 2024 |
DEPRECIATION |
At 1st March 2023 |
Charge for year |
At 29th February 2024 |
NET BOOK VALUE |
At 29th February 2024 |
At 28th February 2023 |
Included in cost of land and buildings is freehold land of € 852,998 (2023 - € 852,998 ) which is not depreciated. |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
€ | € |
Amounts owed by group undertakings |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
€ | € |
Bank loans and overdrafts |
Trade creditors |
Taxation and social security |
Other creditors |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2024 | 2023 |
€ | € |
Bank loans |
R T C Corporation Limited (Registered number: 03929564) |
Notes to the Financial Statements - continued |
for the Year Ended 29th February 2024 |
8. | SECURED DEBTS |
The following secured debts are included within creditors: |
2024 | 2023 |
€ | € |
Bank loans |
The bank loan is secured by charges on the companies assets. |
9. | RELATED PARTY DISCLOSURES |
The consolidated financial statements of RTC Holdings Limited, within which the company is included, can be obtained from Companies House. |