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REGISTERED NUMBER: 10769294 (England and Wales)











Report of the Directors and

Financial Statements

for the Year Ended 31 May 2024

for

RESPLENDERE LTD

RESPLENDERE LTD (REGISTERED NUMBER: 10769294)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Report of the Directors 2

Income Statement 3

Balance Sheet 4

Statement of Changes in Equity 5

Notes to the Financial Statements 6


RESPLENDERE LTD

Company Information
for the Year Ended 31 May 2024







DIRECTORS: Mr H V B Drummond
Ms C D Drummond





REGISTERED OFFICE: 42 Lytton Road
Barnet
Hertfordshire
EN5 5BY





REGISTERED NUMBER: 10769294 (England and Wales)





ACCOUNTANTS: Jeff Lermer & Associates
Chartered Accountants
42 Lytton Road
Barnet
Hertfordshire
EN5 5BY

RESPLENDERE LTD (REGISTERED NUMBER: 10769294)

Report of the Directors
for the Year Ended 31 May 2024

The directors present their report with the financial statements of the company for the year ended 31 May 2024.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of investment in property.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 June 2023 to the date of this report.

Mr H V B Drummond
Ms C D Drummond

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





Ms C D Drummond - Director


26 February 2025

RESPLENDERE LTD (REGISTERED NUMBER: 10769294)

Income Statement
for the Year Ended 31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   

TURNOVER 15,650 16,800

Administrative expenses 5,278 4,058
10,372 12,742

Other operating income 3 -
OPERATING PROFIT 10,375 12,742

Income from fixed asset investments 55,098 53,094
Interest receivable and similar income - 1
55,098 53,095
65,473 65,837
Gain/loss on revaluation of investment
property

-

(13,765

)
PROFIT BEFORE TAXATION 65,473 52,072

Tax on profit 4 2,155 (155 )
PROFIT FOR THE FINANCIAL YEAR 63,318 52,227

RESPLENDERE LTD (REGISTERED NUMBER: 10769294)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Investments 5 1 1
Investment property 6 275,310 275,310
275,311 275,311

CURRENT ASSETS
Debtors 7 - 1,350
Cash at bank 14 1,516
14 2,866
CREDITORS
Amounts falling due within one year 8 168,844 213,014
NET CURRENT LIABILITIES (168,830 ) (210,148 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

106,481

65,163

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 106,381 65,063
SHAREHOLDERS' FUNDS 106,481 65,163

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 26 February 2025 and were signed on its behalf by:





Ms C D Drummond - Director


RESPLENDERE LTD (REGISTERED NUMBER: 10769294)

Statement of Changes in Equity
for the Year Ended 31 May 2024

Called up
share Retained Non-distributable Total
capital earnings reserves equity
£    £    £    £   
Balance at 1 June 2022 100 33,686 11,150 44,936

Changes in equity
Dividends - (32,000 ) - (32,000 )
Total comprehensive income - 63,377 (11,150 ) 52,227
Balance at 31 May 2023 100 65,063 - 65,163

Changes in equity
Dividends - (22,000 ) - (22,000 )
Total comprehensive income - 63,318 - 63,318
Balance at 31 May 2024 100 106,381 - 106,481

RESPLENDERE LTD (REGISTERED NUMBER: 10769294)

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

1. STATUTORY INFORMATION

Resplendere Ltd 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 presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable excluding discounts and rebates.

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 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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TAXATION

Analysis of the tax charge/(credit)
The tax charge/(credit) on the profit for the year was as follows:
31.5.24 31.5.23
£    £   
Current tax:
UK corporation tax 2,155 2,460

Deferred tax - (2,615 )
Tax on profit 2,155 (155 )

RESPLENDERE LTD (REGISTERED NUMBER: 10769294)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 June 2023
and 31 May 2024 1
NET BOOK VALUE
At 31 May 2024 1
At 31 May 2023 1

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2023
and 31 May 2024 275,310
NET BOOK VALUE
At 31 May 2024 275,310
At 31 May 2023 275,310

Fair value at 31 May 2024 is represented by:
£   
Valuation in 2020 13,765
Valuation in 2023 (13,765 )
Cost 275,310
275,310

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Prepayments and accrued income - 1,350

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Amounts owed to group undertakings 1 1
Tax 1,218 2,460
Other creditors - 1,400
Directors' current accounts 165,107 207,473
Accruals and deferred income 2,518 1,680
168,844 213,014

RESPLENDERE LTD (REGISTERED NUMBER: 10769294)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.24 31.5.23
value: £    £   
99 A Ordinary £1 99 99
1 B Ordinary £1 1 1
100 100

10. RELATED PARTY DISCLOSURES

At the date of balance sheet included within creditors due within one year is £165,107 (2023: £207,473) due and payable to the directors. This amount is interest free and repayable on demand.