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REGISTERED NUMBER: 10738814 (England and Wales)















RESOURCE R5 LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024






RESOURCE R5 LIMITED (REGISTERED NUMBER: 10738814)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


RESOURCE R5 LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: C Bryan
P Postle





SECRETARY: P G Hannah





REGISTERED OFFICE: C/o Resource Limited
The Maltings
East Tyndall Street
CARDIFF
CF24 5EA





REGISTERED NUMBER: 10738814 (England and Wales)





ACCOUNTANTS: MHA (trading name of MacIntyre Hudson LLP)
Limited liability partnership in England & Wales
Registered number OC312313
Elfed House
Oak Tree Court
Cardiff Gate Business Park
CARDIFF
County of Cardiff
CF23 8RS

RESOURCE R5 LIMITED (REGISTERED NUMBER: 10738814)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £   
FIXED ASSETS
Investment property 4 - 200,000

CURRENT ASSETS
Debtors 5 343,330 211,850
Cash at bank 551 67
343,881 211,917
CREDITORS
Amounts falling due within one year 6 (330,911 ) (339,533 )
NET CURRENT ASSETS/(LIABILITIES) 12,970 (127,616 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

12,970

72,384

PROVISIONS FOR LIABILITIES - (11,865 )
NET ASSETS 12,970 60,519

CAPITAL AND RESERVES
Called up share capital 8 1 1
Non-distributable reserve 9 - 35,621
Retained earnings 9 12,969 24,897
SHAREHOLDERS' FUNDS 12,970 60,519

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

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

In accordance with Section 444 of the Companies Act 2006, the Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 January 2025 and were signed on its behalf by:





P Postle - Director


RESOURCE R5 LIMITED (REGISTERED NUMBER: 10738814)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024


1. STATUTORY INFORMATION

Resource R5 Limited 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.

The company's functional and presentational currency in the financial statements is the Sterling (£), rounded to the nearest pound.

The significant accounting policies applied in the presentation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. The financial statements have been prepared under the historical cost convention.

There have been no material departures from Financial Reporting Standard 102 1A.

Going concern
During the year the company sold its investment property. The directors consider the going concern basis adopted for these financial statements to be appropriate, based upon financial position and available support.

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.
Fixtures and Fittings - 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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

RESOURCE R5 LIMITED (REGISTERED NUMBER: 10738814)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023 200,000
Disposals (200,000 )
At 30 April 2024 -
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 200,000

The above investment property was sold on 20 October 2023.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 338,601 202,501
Prepayments and accrued income 4,729 9,349
343,330 211,850

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors - 28
Corporation tax - 5,710
Other creditors - 5,500
Secured loan 327,607 327,607
Accruals and deferred income 3,304 688
330,911 339,533

7. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Other loan 327,607 327,607

The borrowings are secured by way of a fixed and floating charge over the property and assets of the company.

8. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary £1 1 1

RESOURCE R5 LIMITED (REGISTERED NUMBER: 10738814)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


9. RESERVES
Retained Non-distributable
earnings reserve Totals
£    £    £   

At 1 May 2023 24,897 35,621 60,518
Deficit for the year (47,549 ) (47,549 )
Transfer 35,621 (35,621 ) -
At 30 April 2024 12,969 - 12,969

10. RELATED PARTY DISCLOSURES

At 30 April 2024 the following related party loan balances existed:

30.04.2430.04.23
£   £   
Other related parties
Debtors: Amounts falling due within one year (other debtors)338,600202,500

No interest has been charged on the above loan.