Registered number
15370990
RLJ Holdings Ltd
Filleted Accounts
31 May 2024
RLJ Holdings Ltd
Registered number: 15370990
Balance Sheet
as at 31 May 2024
Notes 2024
£
Non-current assets
Investments 3 275,000
Non-current prepayments 4 2,551
277,551
Current assets
Debtors 5 389
Creditors: amounts falling due within one year 6 (21,816)
Net current liabilities (21,427)
Total assets less current liabilities 256,124
Creditors: amounts falling due after more than one year 7 (252,388)
Net assets 3,736
Capital and reserves
Called up share capital 100
Profit and loss account 3,636
Shareholders' funds 3,736
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Rikki Johnstone
Director
Approved by the board on 17 February 2025
RLJ Holdings Ltd
Notes to the Accounts
for the period from 27 December 2023 to 31 May 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024
Number
Average number of persons employed by the company 0
3 Investments
Investments in
subsidiary
undertakings
£
Cost
Additions 275,000
At 31 May 2024 275,000
Details of the subsidiary undertakings are set out below:
County of
Incorporation % Held
Independent Car Sales & Servicing Limited England 50
The company's investment is in respect of it's partially owned subsidiary, Independent Car Sales & Servicing Limited, a company registered in England.
4 Non-current prepayments 2024
£
Loan Arrangement Fees 2,551
2,551
As part of securing financing, the company incurred loan arrangement fees of £2,888 during the year. These fees are being amortised on a straight-line basis over the 10-year term of the loan. At the balance sheet date, the following amounts related to loan arrangement fees were recognised:

Unamortised Loan Arrangement Fees: £2,840
Amortisation Charged to Profit and Loss: £48

The remaining balance of the loan arrangement fees will be amortised over the remaining term of the loan.
5 Debtors 2024
£
Other debtors 389
6 Creditors: amounts falling due within one year 2024
£
Bank loans and overdrafts 19,333
Other creditors 2,483
21,816
7 Creditors: amounts falling due after one year 2024
£
Bank loans 252,388
8 Loans 2024
£
Creditors include:
Instalments falling due for payment after more than five years 161,225
Secured bank loans 271,721
The company obtained a loan of £275,000, which was utilised to finance the acquisition of shares in its trading subsidiary, Independent Car Sales & Servicing Limited. The loan is repayable in monthly instalments over 10 years. The loan is secured by guarantees provided by the directors of the company and the subsidiary.
9 Related party transactions
The company’s directors and its subsidiary, Independent Car Sales & Servicing Limited, have provided guarantees in respect of the company’s £275,000 loan facility used for the acquisition of shares in Independent Car Sales & Servicing Limited. No consideration was provided for these guarantees.
10 Other information
RLJ Holdings Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Independent House School Lane
Chandlers Ford
Eastleigh
Hampshire
SO53 4DQ
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