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REGISTERED NUMBER: 08821407 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 October 2024

for

RGT (Holdings) Limited

RGT (Holdings) Limited (Registered number: 08821407)






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




Page

Balance Sheet 1

Notes to the Financial Statements 3


RGT (Holdings) Limited (Registered number: 08821407)

Balance Sheet
31 October 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 825,000 837,500
Investments 5 1,000 1,004
826,000 838,504

CURRENT ASSETS
Debtors 6 221,541 19,883
Cash at bank 9,111 154,095
230,652 173,978
CREDITORS
Amounts falling due within one year 7 49,533 28,645
NET CURRENT ASSETS 181,119 145,333
TOTAL ASSETS LESS CURRENT LIABILITIES 1,007,119 983,837

CREDITORS
Amounts falling due after more than one year 8 (189,986 ) (215,543 )

PROVISIONS FOR LIABILITIES (132,985 ) (138,642 )
NET ASSETS 684,148 629,652

CAPITAL AND RESERVES
Called up share capital 10 1,000 1,000
Non-distributable reserve 281,360 276,620
Retained earnings 401,788 352,032
SHAREHOLDERS' FUNDS 684,148 629,652

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

RGT (Holdings) Limited (Registered number: 08821407)

Balance Sheet - continued
31 October 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 February 2025 and were signed on its behalf by:





Mr C Hill - Director


RGT (Holdings) Limited (Registered number: 08821407)

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

1. STATUTORY INFORMATION

RGT (Holdings) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 08821407

Registered office: Foley Street
Fenton
Stoke-on-Trent
Staffordshire
ST4 3DR

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.

Preparation of consolidated financial statements
The financial statements contain information about RGT (Holdings) Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost

Land is not depreciated as it is considered to have an indefinite useful life.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST OR VALUATION
At 1 November 2023
and 31 October 2024 850,000
DEPRECIATION
At 1 November 2023 12,500
Charge for year 12,500
At 31 October 2024 25,000
NET BOOK VALUE
At 31 October 2024 825,000
At 31 October 2023 837,500

Included in cost or valuation of land and buildings is freehold land of £ 225,000 (2023 - £ 225,000 ) which is not depreciated.

RGT (Holdings) Limited (Registered number: 08821407)

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

4. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 31 October 2024 is represented by:

Freehold
property
£   
Valuation in 2014 231,639
Valuation in 2022 162,471
Cost 455,890
850,000

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 455,890 455,890
Aggregate depreciation 21,264 21,264

Value of land in freehold land and buildings 225,000 225,000

Freehold land and buildings were valued on an open market basis on 31 October 2022 by Mr G Hill .

and, in his opinion, there has been no significant change in that value up to 31st October 2024

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 November 2023 1,004
Disposals (4 )
At 31 October 2024 1,000
NET BOOK VALUE
At 31 October 2024 1,000
At 31 October 2023 1,004

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 221,528 19,870
Other debtors 13 13
221,541 19,883

RGT (Holdings) Limited (Registered number: 08821407)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 24,661 23,764
Taxation and social security 20,415 -
Other creditors 4,457 4,881
49,533 28,645

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 189,986 215,543

Amounts falling due in more than five years:

Repayable by instalments
Bank loans 116,004 144,251

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 214,647 239,307

The bank loan is secured by legal charge over the company's premises at Foley Street, Fenton, Stoke-on-Trent.

An invoice financing facility is secured by fixed and floating charge in favour of Close Brothers Group plc over all of the assets of the group.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
539 A ordinary £1 539 649
250 B ordinary £1 250 250
NIL C ordinary £1 - 1
211 D ordinary £1 211 100
1,000 1,000

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

No interest was charged on the amount outstanding, which is repayable on demand.

12. ULTIMATE CONTROLLING PARTY

The controlling party is Hillco Limited.

The ultimate controlling party is Mr C Hill.