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The RLK Group Limited

Annual Report and Unaudited Financial Statements

for the Period from 4 September 2023 to 30 June 2024

 

The RLK Group Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

The RLK Group Limited

Company Information

Director

C A Knox

Registered office

272 Bath Street
Glasgow
G2 4JR

 

The RLK Group Limited

(Registration number: SC781391)
Balance Sheet as at 30 June 2024

Note

2024
£

Fixed assets

 

Investments

4

1

Current assets

 

Debtors

5

326,274

Cash at bank and in hand

 

671

 

326,945

Creditors: Amounts falling due within one year

6

(62,241)

Net current assets

 

264,704

Net assets

 

264,705

Capital and reserves

 

Called up share capital

7

1,189

Share premium reserve

264,746

Retained earnings

(1,230)

Shareholders' funds

 

264,705

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

Director's responsibilities:

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

The director acknowledges his 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 provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the director on 12 March 2025
 

.........................................
C A Knox
Director

 

The RLK Group Limited

Notes to the Unaudited Financial Statements for the Period from 4 September 2023 to 30 June 2024

1

General information

The company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
272 Bath Street
Glasgow
G2 4JR

These financial statements were authorised for issue by the director on 12 March 2025.

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.

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

 

The RLK Group Limited

Notes to the Unaudited Financial Statements for the Period from 4 September 2023 to 30 June 2024

2

Accounting policies (continued)

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.

Trade debtors

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

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

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 the director) during the period, was 2.

4

Investments

2024
£

Investments in subsidiaries

1

Subsidiaries

£

Cost or valuation

Additions

1

Provision

Carrying amount

At 30 June 2024

1

 

The RLK Group Limited

Notes to the Unaudited Financial Statements for the Period from 4 September 2023 to 30 June 2024

4

Investments (continued)

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

2024

Subsidiary undertakings

RLK Defence Limited

272 Bath Street
Glasgow
G2 4JR

Scotland

Ordinary

100%

Subsidiary undertakings

RLK Defence Limited

The principal activity of RLK Defence Limited is defence activities.

5

Debtors

Current

Note

2024
£

Amounts owed by related parties

8

326,010

Other debtors

 

264

   

326,274

 

The RLK Group Limited

Notes to the Unaudited Financial Statements for the Period from 4 September 2023 to 30 June 2024

6

Creditors

Creditors: amounts falling due within one year

2024
£

Due within one year

Accruals and deferred income

1,230

Other creditors

61,011

62,241

7

Share capital

Allotted, called up and fully paid shares

2024

No.

£

Ordinary of £1 each

1,189

1,189

   

8

Related party transactions

Loans to related parties

2024

Entities with joint control or significant influence
£

Total
£

Advanced

326,010

326,010

At end of period

326,010

326,010

Terms of loans to related parties

The above loan is owed from RLK Technologies Limited and that entity became a subsidiary of The RLK Group Limited on 5th July 2024. Amounts owed are repayable on demand and are interest free.