Company Registration No. 09915697 (England and Wales)
RTD UK Partners Ltd
Unaudited financial statements
for the year ended 31 December 2023
Pages for filing with the registrar
RTD UK Partners Ltd
Contents
Page
Statement of financial position
1
Notes to the financial statements
2 - 4
RTD UK Partners Ltd
Statement of financial position
As at 31 December 2023
1
2023
2022
Notes
£
£
£
£
Fixed assets
Investments
4
3,753,933
2,098,992
Current assets
Cash at bank and in hand
2,266
3,009
Creditors: amounts falling due within one year
5
(1,887,932)
(145,371)
Net current liabilities
(1,885,666)
(142,362)
Net assets
1,868,267
1,956,630
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
1,868,167
1,956,530
Total equity
1,868,267
1,956,630

The director of the company has elected not to include a copy of the income statement within the financial statements.true

For the financial year ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and signed by the director and authorised for issue on 27 March 2025.
Charles Vernon
Director
Company Registration No. 09915697
RTD UK Partners Ltd
Notes to the financial statements
For the year ended 31 December 2023
2
1
Accounting policies
Company information

RTD UK Partners Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Lascelles Barn Clay Hall Lane, Acton, Sudbury, Suffolk, England, CO10 0AQ.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

1.2
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

1.3
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

2
Critical accounting judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

RTD UK Partners Ltd
Notes to the financial statements (continued)
For the year ended 31 December 2023
3
3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
1
1
4
Fixed asset investments
2023
2022
£
£
Shares in group undertakings and participating interests
3,753,933
2,098,992
Movements in fixed asset investments
Shares in associates
£
Cost or valuation
At 1 January 2023
2,098,992
Additions
1,654,941
At 31 December 2023
3,753,933
Carrying amount
At 31 December 2023
3,753,933
At 31 December 2022
2,098,992
5
Creditors: amounts falling due within one year
2023
2022
£
£
Amounts owed to group undertakings
1,753,932
98,991
Other creditors
134,000
46,380
1,887,932
145,371
RTD UK Partners Ltd
Notes to the financial statements (continued)
For the year ended 31 December 2023
4
6
Related party transactions

The following amounts were outstanding at the reporting end date:

2023
2022
Amounts due to related parties
£
£
Other related parties
1,753,932
98,991

This amount is interest free, unsecured and repayable on demand.

7
Parent company

The parent company of RTD UK Partners Ltd is Right to Dream UK Partners Limited and its registered office is Lascelles Barn Clay Hall Lane, Acton, Sudbury, CO10 0AQ.

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