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REGISTERED NUMBER: 04907149 (England and Wales)












ROYDE & TUCKER HOLDINGS LIMITED

STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024






ROYDE & TUCKER HOLDINGS LIMITED (REGISTERED NUMBER: 04907149)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page


Company Information 1

Strategic Report 2

Report of the Directors 3

Report of the Independent Auditors 5

Statement of Income and Retained Earnings 9

Balance Sheet 10

Notes to the Financial Statements 11


ROYDE & TUCKER HOLDINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: S C Gardiner
C H G Shortland





REGISTERED OFFICE: Unit 6 Bilton Road, Cadwell Lane
Hitchin
Hertfordshire
SG4 0SB





REGISTERED NUMBER: 04907149 (England and Wales)





AUDITORS: Fruition Advisory LLP
29 Wood Street
Stratford-upon-Avon
CV37 6JG

ROYDE & TUCKER HOLDINGS LIMITED (REGISTERED NUMBER: 04907149)

STRATEGIC REPORT
FOR THE YEAR ENDED 30 JUNE 2024

The directors present their strategic report for the year ended 30 June 2024.

INTRODUCTION
The principal activity of the company is that of a holding company. The trading companies within the group facilitate and deliver the manufacture, sales and distribution of high-performance architectural door hinges and ancillary hardware, through the Royde and Tucker brand, along with the manufacture sales and distribution of pocket door and sliding door systems under the Portman brand.

The directors aim to provide a balanced and comprehensive review of the development and performance of the business during the year and its position at the year end.

BUSINESS REVIEW
Royde & Tucker Holdings Limited is a holding company and owns 85% of Royde & Tucker Limited and 100% of RT Properties Limited. During the reporting period the business operated normally in its holdings position in the group structure and there were no changes in the business.

Royde & Tucker Limited is the principal trading business in the group. Trading remained in line with the preceding equivalent period. However, economic conditions due to macroeconomic uncertainties have both directly and indirectly impacted confidence and investment in the construction sector. This in conjunction with increasing material, energy and labour costs have collectively impacted revenues and margins. Cost increases have been in part offset by price increases and ongoing cost reductions. The business has a strong asset base, a unique product proposition, a strong brand portfolio and a committed workforce. Together with continued shareholder support, investment in ERP, process improvements and NPD, the business remains in a good position to weather these storms and continues towards sustained growth in revenue and profitability. Based on the rigorous assessment of the company's financial position and future prospects, the Board affirms its confidence in the business's viability and confirms its status as a going concern.

RT Properties Limited handles the property investment and management matters for the Group. The principal property was let to Royde & Tucker Limited in the year and there were no changes in the business.

PRINCIPAL RISKS AND UNCERTAINTIES
The principal risks facing the business continue to relate to the general economic environment, consumer confidence, construction onsite labour availability and input material costs. However, as a business we enter the new financial year with a healthy order book and steady monthly revenues. Our direct markets remain healthy, although order intake is driven by the quantity of construction work at final fix stage and is sometimes irregular.

FINANCIAL & OTHER KEY PERFORMANCE INDICATORS
Revenue, Gross Profit, EBITDA, Liquidity and Health & Safety Performance are the primary KPl's used by the directors to monitor the financial position and overall performance of the business.

ON BEHALF OF THE BOARD:





S C Gardiner - Director


28 March 2025

ROYDE & TUCKER HOLDINGS LIMITED (REGISTERED NUMBER: 04907149)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 30 JUNE 2024

The directors present their report with the financial statements of the company for the year ended 30 June 2024.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of a holding Company.

DIVIDENDS
The loss for the period, after taxation, amounted to £600. No dividends were paid.

FUTURE DEVELOPMENTS
Future developments are covered in the Strategic Report.

POST BALANCE SHEET EVENTS
There have been no significant events affecting the Group since the year end.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 July 2023 to the date of this report.

S C Gardiner
C H G Shortland

Other changes in directors holding office are as follows:

J M Simms - resigned 30 June 2024

ENGAGEMENT WITH EMPLOYEES
The Company keeps employees informed of matters affecting them as employees and the financial economic factors affecting the performance of the Company by the method of relevant internal communications media.

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-select suitable accounting policies and then apply them consistently;
-make judgements and accounting estimates that are reasonable and prudent;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

ROYDE & TUCKER HOLDINGS LIMITED (REGISTERED NUMBER: 04907149)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 30 JUNE 2024


DISCLOSURE OF INFORMATION TO AUDITORS
Each of the persons who are directors at the time when this Directors' Report is approved has confirmed that:

- so far as the director is aware, there is no relevant audit information of which the Company and the Group's auditors are unaware, and

- the director has taken all the steps that ought to have been taken as a director in order to be aware of any relevant audit information and to establish that the Company and the Group's auditors are aware of that information.

AUDITORS
The auditors, Fruition Advisory LLP, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:





S C Gardiner - Director


28 March 2025

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
ROYDE & TUCKER HOLDINGS LIMITED

Opinion
We have audited the financial statements of Royde & Tucker Holdings Limited (the 'company') for the year ended 30 June 2024 which comprise the Statement of Income and Retained Earnings, Balance Sheet and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the company's affairs as at 30 June 2024 and of its loss for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information
The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
ROYDE & TUCKER HOLDINGS LIMITED


Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on page three, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
ROYDE & TUCKER HOLDINGS LIMITED


Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The objectives of our audit are to obtain sufficient appropriate audit evidence regarding compliance with laws and regulations that have a direct effect on the determination of material amounts and disclosures in the financial statements, to perform audit procedures to help identify instances of non-compliance with other laws and regulations that may have a material effect on the financial statements, and to respond appropriately to identified or suspected non-compliance with laws and regulations identified during the audit.

In relation to fraud, the objectives of our audit are to identify and assess the risk of material misstatement of the financial statements due to fraud, to obtain sufficient appropriate audit evidence regarding the assessed risks of material misstatement due to fraud through designing and implementing appropriate responses and to respond appropriately to fraud or suspected fraud identified during the audit. However, it is the primary responsibility of management, with the oversight of those charged with governance, to ensure that the entity's operations are conducted in accordance with the provisions of laws and regulations and for the prevention and detection of fraud.

We identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and then design and perform audit procedures responsive to those risks, including obtaining audit evidence that is sufficient and appropriate to provide a basis for our opinion.

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, we considered the following:

- the nature of the industry and sector, control environment and business performance including the design of the Company remuneration policies, key drivers for directors' remuneration, bonus levels and performance targets;
- results of our enquiries of management about their own identification and assessment of the risks of irregularities;
- any matters we identified having obtained and reviewed the Company documentation of their policies and procedures relating to:
- identifying, evaluating and complying with laws and regulations and whether they were aware of any instances of noncompliance;
- detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected or alleged fraud;
- the internal controls established to mitigate risks of fraud or non-compliance with laws and regulations;
- the matters discussed among the audit engagement team and involving relevant internal specialists, including tax specialists, regarding how and where fraud might occur in the financial statements and any potential indicators of fraud.

As a result of these procedures, we considered the opportunities and incentives that may exist within the organisation for fraud and identified the greatest potential for fraud in relation to compliance with laws and regulations. In common with all audits under ISAs (UK), we are also required to perform specific procedures to respond to the risk of management override.

We also obtained an understanding of the legal and regulatory frameworks that the Company operates in, focusing on provisions of those laws and regulations that had a direct effect on the determination of material amounts and disclosures in the financial statements. The key laws and regulations we considered in this context included the UK Companies Act and tax legislation.


REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
ROYDE & TUCKER HOLDINGS LIMITED

In addition, we considered provisions of other laws and regulations that do not have a direct effect on the financial statements but compliance with which may be fundamental to the Company ability to operate or to avoid a material penalty. These included compliance with GDPR regulation.

Audit response to risks identified:

As a result of performing the above, we identified compliance with laws and regulations as a key audit matter related to the potential risk of fraud.

Our procedures to respond to risks identified included the following:
- reviewing the financial statement disclosures and testing to supporting documentation to assess compliance with provisions of relevant laws and regulations described as having a direct effect on the financial statements;
- enquiring of management concerning actual and potential litigation and claims;
- performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud; reading minutes of meetings of those charged with governance and reviewing internal reports;
- obtaining an understanding of provisions and held discussions with management to understand the basis of recognition or non-recognition of tax provisions; and
- in addressing the risk of fraud through management override of controls, testing the appropriateness of journal entries and other adjustments; assessing whether the judgements made in making accounting estimates are indicative of a potential bias; and evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business.

We also communicated relevant identified laws and regulations and potential fraud risks to all engagement team members including internal specialists, and remained alert to any indications of fraud or noncompliance with laws and regulations throughout the audit.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Michelle Vincent FCCA (Senior Statutory Auditor)
for and on behalf of Fruition Advisory LLP
29 Wood Street
Stratford-upon-Avon
CV37 6JG

28 March 2025

ROYDE & TUCKER HOLDINGS LIMITED (REGISTERED NUMBER: 04907149)

STATEMENT OF INCOME AND
RETAINED EARNINGS
FOR THE YEAR ENDED 30 JUNE 2024

2024 2023
Notes £    £   

TURNOVER - -

Administrative expenses (600 ) (600 )
OPERATING LOSS and
LOSS BEFORE TAXATION (600 ) (600 )

Tax on loss 5 - -
LOSS FOR THE FINANCIAL YEAR (600 ) (600 )

Retained earnings at beginning of year 2,660 3,260

RETAINED EARNINGS AT END OF
YEAR

2,060

2,660

ROYDE & TUCKER HOLDINGS LIMITED (REGISTERED NUMBER: 04907149)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investments 6 2,133,590 2,133,590

CURRENT ASSETS
Debtors 7 366,671 367,270

CREDITORS
Amounts falling due within one year 8 601 600
NET CURRENT ASSETS 366,070 366,670
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,499,660

2,500,260

CAPITAL AND RESERVES
Called up share capital 10 100,000 100,000
Share premium 11 2,397,600 2,397,600
Retained earnings 11 2,060 2,660
SHAREHOLDERS' FUNDS 2,499,660 2,500,260

The financial statements were approved by the Board of Directors and authorised for issue on 28 March 2025 and were signed on its behalf by:





S C Gardiner - Director


ROYDE & TUCKER HOLDINGS LIMITED (REGISTERED NUMBER: 04907149)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

Royde & Tucker Holdings 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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements present information about the company as an individual undertaking and not about its group. The Company is exempt from the obligation to prepare and deliver group accounts under section 400(2) of the Companies Act 2006. The Group accounts of the company and its subsidiaries are drawn up by its parent undertaking Open & Shut Holdings Limited (Registered number 13223645).

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The level of rounding applied is to the nearest £.

The functional currency used is GBP.

Financial Reporting Standard 102 - reduced disclosure exemptions
The company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

the requirements of Section 7 Statement of Cash Flows;
the requirement of paragraph 3.17(d).

This information is included in the consolidated financial statements of Open & Shut Holdings Limited as at 30 June 2024 and these financial statements may be obtained from Open & Shut Holdings Limited, Unit 6, Bilton Road, Cadwell Lane, Hitchin, Hertfordshire SG4 0SB.

Investments in subsidiaries
Investments in subsidiaries are measured at cost less accumulated impairment.

Financial instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings.

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.

ROYDE & TUCKER HOLDINGS LIMITED (REGISTERED NUMBER: 04907149)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

2. ACCOUNTING POLICIES - continued

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.

Going concern
The directors have prepared projected budgets and on the basis of these budgets, the directors have considered the company to continue to operate as a going concern. The directors are confident that the company will have sufficient funds to meet its liabilities as they fall due for a period of not less than 12 months from the date of approval of these financial statements.

The directors continue to monitor cashflow closely, based on their forecasts and built up reserves, consider it appropriate to continue to prepare the financial statement on a going concern basis.

The company is reliant on the continued support of the Group through the occupation of the premises.

Debtors
Short term debtors are measured at transaction price, less any impairment.

Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors
Short term creditors are measured at the transaction price.

3. EMPLOYEES AND DIRECTORS

There were no staff costs for the year ended 30 June 2024 nor for the year ended 30 June 2023.

The average number of employees during the year was as follows:
2024 2023

Directors 3 4

2024 2023
£    £   
Directors' remuneration - -

4. AUDITORS' REMUNERATION

2024 2023
£    £   

Fees payable to the company's auditors for the audit of thecompany's
financial statements

600

600

ROYDE & TUCKER HOLDINGS LIMITED (REGISTERED NUMBER: 04907149)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

5. TAXATION

Analysis of the tax charge
No liability to UK corporation tax arose for the year ended 30 June 2024 nor for the year ended 30 June 2023.

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 July 2023
and 30 June 2024 2,133,590
NET BOOK VALUE
At 30 June 2024 2,133,590
At 30 June 2023 2,133,590

The company's investments at the Balance Sheet date in the share capital of companies include the following:

R T Properties Limited
Registered office: United Kingdom
Nature of business: Letting and operating of own or leased real estate
%
Class of shares: holding
Ordinary 100.00
2024 2023
£    £   
Aggregate capital and reserves 3,079,871 2,828,010
Profit/(loss) for the year 251,861 (121,432 )

Royde & Tucker Limited
Registered office: United Kingdom
Nature of business: Manufacture of hinges and locks
%
Class of shares: holding
Ordinary 85.00
2024 2023
£    £   
Aggregate capital and reserves 3,654,075 4,188,844
Loss for the year (534,769 ) (455,812 )

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 366,671 367,270

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Accruals and deferred income 601 600

ROYDE & TUCKER HOLDINGS LIMITED (REGISTERED NUMBER: 04907149)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR - continued

The bank loans held within Open & Shut Holdings are secured by a charge of the Company's land and buildings and by a fixed and floating charge over all other assets of the Company.

9. FINANCIAL INSTRUMENTS

Financial assets measured at fair value through profit or loss 2024: £Nil (2023: £Nil).

Financial assets measured at fair value through profit or loss comprise cash at bank and in hand.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100,000 Ordinary shares 1 100,000 100,000

11. RESERVES
Retained Share
earnings premium Totals
£    £    £   

At 1 July 2023 2,660 2,397,600 2,400,260
Deficit for the year (600 ) (600 )
At 30 June 2024 2,060 2,397,600 2,399,660

Share premium account
Share premium account represents the amount above the nominal value received for shares sold, less transactions costs.

Profit and loss account
Includes all current and prior period retained profits and losses less any dividends paid.

12. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

13. POST BALANCE SHEET EVENTS

There have been no significant events affecting the Company since the year end.

14. ULTIMATE CONTROLLING PARTY

The parent undertaking is Open & Shut Holdings Limited, a company registered in England and Wales.

The ultimate controlling party is Moulton Goodies Limited.