Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-30true2023-07-01falseInvestmentsThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.11truefalse 11910945 2023-07-01 2024-06-30 11910945 2022-07-01 2023-06-30 11910945 2024-06-30 11910945 2023-06-30 11910945 c:Director1 2023-07-01 2024-06-30 11910945 d:FreeholdInvestmentProperty 2024-06-30 11910945 d:FreeholdInvestmentProperty 2023-06-30 11910945 d:CurrentFinancialInstruments 2024-06-30 11910945 d:CurrentFinancialInstruments 2023-06-30 11910945 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 11910945 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 11910945 d:ShareCapital 2024-06-30 11910945 d:ShareCapital 2023-06-30 11910945 d:RetainedEarningsAccumulatedLosses 2024-06-30 11910945 d:RetainedEarningsAccumulatedLosses 2023-06-30 11910945 c:FRS102 2023-07-01 2024-06-30 11910945 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 11910945 c:FullAccounts 2023-07-01 2024-06-30 11910945 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 11910945 e:PoundSterling 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure

Registered number: 11910945









RSC INVESTMENTS LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2024

 
RSC INVESTMENTS LTD
REGISTERED NUMBER: 11910945

BALANCE SHEET
AS AT 30 JUNE 2024

2024
2023
Note
£
£

Fixed assets
  

Investment property
 5 
660,553
660,553

  
660,553
660,553

Current assets
  

Debtors: amounts falling due within one year
 6 
3,082
1,450

Cash at bank and in hand
 7 
6,847
65,108

  
9,929
66,558

Creditors: amounts falling due within one year
 8 
(384,508)
(472,706)

Net current liabilities
  
 
 
(374,579)
 
 
(406,148)

Total assets less current liabilities
  
285,974
254,405

  

Net assets
  
285,974
254,405


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
285,874
254,305

  
285,974
254,405


Page 1

 
RSC INVESTMENTS LTD
REGISTERED NUMBER: 11910945
    
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 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 her 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 profit and loss account 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 by: 




R Church
Director

Date: 29 January 2025

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
RSC INVESTMENTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

RSC Investments Limited is a company limited by shares and incorporated in England & Wales under the
Companies Act 2006. The address of the registered office is given on the Company information page.
The nature of the Company's operations and its principal activities are set out in the Director's report. 

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 following principal accounting policies have been applied:

 
2.2

Going concern

At the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Therefore, the director has adopted the going concern basis of accounting in preparing the financial statements.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Taxation

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.

Page 3

 
RSC INVESTMENTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.5

Investment property

Investment property is carried at fair value determined annually by the director 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.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Creditors

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


3.


Judgments in applying accounting policies and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgments, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. The nature of estimation means the actual outcomes could differ from those estimates. 


4.


Employees




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

Page 4

 
RSC INVESTMENTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

5.


Investment property


Freehold investment property

£



Valuation


At 1 July 2023
660,553



At 30 June 2024
660,553

The 2024 valuations were made by the director, on an open market value for existing use basis.




Page 5

 
RSC INVESTMENTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

6.


Debtors

2024
2023
£
£


Prepayments and accrued income
3,082
1,450

3,082
1,450



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
6,847
65,108

6,847
65,108



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
7,405
2,278

Other creditors
375,453
468,083

Accruals and deferred income
1,650
2,345

384,508
472,706



9.


Related party transactions

Included in other creditors is a loan owed to the director of £110,574 (2023 £128,754). There is also an amount due to a company related by common control of £264,879 (2023 £339,509).
There is no interest charged on these loan balances and they are repayable upon demand.


10.


Controlling party

The ultimate controlling party is R Church by virtue of a majority shareholding.

 
Page 6