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REGISTERED NUMBER: 11426501 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

R D Cole Limited

R D Cole Limited (Registered number: 11426501)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


R D Cole Limited

Company Information
for the Year Ended 31 May 2024







DIRECTORS: Mr R D Cole
Mrs L Cole





REGISTERED OFFICE: 18 St Christopher's Way
Pride Park
Derby
Derbyshire
DE24 8JY





REGISTERED NUMBER: 11426501 (England and Wales)





ACCOUNTANTS: Franklins
18 St Christopher's Way
Pride Park
Derby
Derbyshire
DE24 8JY

R D Cole Limited (Registered number: 11426501)

Balance Sheet
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investments 4 2,035,104 2,634,536

CURRENT ASSETS
Debtors 5 856,287 294,640
Cash at bank 423,180 317,210
1,279,467 611,850
CREDITORS
Amounts falling due within one year 6 78,135 259,907
NET CURRENT ASSETS 1,201,332 351,943
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,236,436

2,986,479

CAPITAL AND RESERVES
Called up share capital 7 6,043 6,043
Share premium 2,048,887 2,048,887
Non distributable reserve 8 - (29,252 )
Retained earnings 1,181,506 960,801
SHAREHOLDERS' FUNDS 3,236,436 2,986,479

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.

R D Cole Limited (Registered number: 11426501)

Balance Sheet - continued
31 May 2024


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 Income Statement has not been delivered.

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:




Mr R D Cole - Director



Mrs L Cole - Director


R D Cole Limited (Registered number: 11426501)

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

1. STATUTORY INFORMATION

R D Cole 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.

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.

Investments in associates
Investments in associate undertakings are recognised at cost.

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.

Interest free loans
During the previous year the company purchased shares in an associate company under an interest free, deferred consideration agreement. Although FRS 102 states that this purchase should reflect an element of interest to be shown within the accounts, the directors feel that this would not actually show a true and fair view within the accounts and have therefore decided, on this occasion to not follow this accounting policy.

3. EMPLOYEES AND DIRECTORS

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

R D Cole Limited (Registered number: 11426501)

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

4. FIXED ASSET INVESTMENTS
Interest
in Other
associate investments Totals
£    £    £   
COST OR VALUATION
At 1 June 2023 2,035,104 599,432 2,634,536
Additions - 612,342 612,342
Disposals - (1,197,832 ) (1,197,832 )
Revaluations - (13,942 ) (13,942 )
At 31 May 2024 2,035,104 - 2,035,104
NET BOOK VALUE
At 31 May 2024 2,035,104 - 2,035,104
At 31 May 2023 2,035,104 599,432 2,634,536

Cost or valuation at 31 May 2024 is represented by:

Interest
in
associate
£   
Cost 2,035,104

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 446,822 294,640
Directors' current accounts 409,465 -
856,287 294,640

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other creditors 73,035 130,895
Directors' current accounts - 124,692
Accrued expenses 5,100 4,320
78,135 259,907

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
6,043 Ordinary 1 6,043 6,043

R D Cole Limited (Registered number: 11426501)

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

8. RESERVES
Non
distributable
reserve
£   
At 1 June 2023 (29,252 )
Non distributable reserve 29,252

At 31 May 2024 -

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 May 2024 and 31 May 2023:

2024 2023
£    £   
Mr R D Cole and Mrs L Cole
Balance outstanding at start of year (124,692 ) 729,577
Amounts advanced 922,235 430,638
Amounts repaid (388,078 ) (1,284,907 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 409,465 (124,692 )

The director's loan account was cleared within nine months of the year end. Interest was charged on the overdrawn director's loan account at HM Revenue & Customs official rate of interest during the year being 2.25%.

10. RELATED PARTY DISCLOSURES

The balance outstanding on interest free loans provided to companies with common directors and under common control amounted to £187,542 (31 May 2023: £Nil).