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Registration number: 11419637

RKL Smith Investments Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 30 June 2024

 

RKL Smith Investments Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 6

 

RKL Smith Investments Limited

(Registration number: 11419637)
Balance Sheet as at 30 June 2024

Note

2024
£

2023
£

Fixed assets

 

Other financial assets

4

600,000

600,000

Current assets

 

Debtors

5

3,134

3,138

Cash at bank and in hand

 

820

817

 

3,954

3,955

Creditors: Amounts falling due within one year

6

(314,630)

(315,500)

Net current liabilities

 

(310,676)

(311,545)

Total assets less current liabilities

 

289,324

288,455

Creditors: Amounts falling due after more than one year

6

(150,000)

(150,000)

Net assets

 

139,324

138,455

Capital and reserves

 

Called up share capital

1

1

Retained earnings

139,323

138,454

Shareholders' funds

 

139,324

138,455

 

RKL Smith Investments Limited

(Registration number: 11419637)
Balance Sheet as at 30 June 2024

For the financial year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 12 March 2025 and signed on its behalf by:
 

.........................................
Mr Adrian Geoffrey Smith
Director

 

RKL Smith Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
The Old Dairy
11 Milner Road
Burnham
Bucks
SL1 7PA
England

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

 

RKL Smith Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

 

RKL Smith Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

4

Other financial assets (current and non-current)

Financial assets at cost less impairment
£

Total
£

Non-current financial assets

Cost or valuation

Additions

600,000

600,000

At 30 June 2024

600,000

600,000

Impairment

Carrying amount

At 30 June 2024

600,000

600,000

5

Debtors

Current

2024
£

2023
£

Other debtors

3,134

3,138

 

3,134

3,138

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Other creditors

314,630

315,500

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

7

150,000

150,000

 

RKL Smith Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

7

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Other borrowings

150,000

150,000

8

Related party transactions

Transactions with directors

2024

At 1 July 2023
£

Advances to director
£

At 30 June 2024
£

Mr Adrian Geoffrey Smith

(315,000)

870

(314,130)

2023

At 1 July 2022
£

Advances to director
£

At 30 June 2023
£

Mr Adrian Geoffrey Smith

(341,000)

26,000

(315,000)

Summary of transactions with other related parties

Swift Group of Companies Limited
 At the end of the financial year RKL Smith Investments Limited owned 500 shares in Swift Group of Companies Limited, of which A Smith is also a director.