Company Registration No. 14811545 (England and Wales)
R2 Management Group Limited
Unaudited accounts
for the period from 18 April 2023 to 30 April 2024
R2 Management Group Limited
Unaudited accounts
Contents
R2 Management Group Limited
Company Information
for the period from 18 April 2023 to 30 April 2024
Company Number
14811545 (England and Wales)
Registered Office
167-169 Great Portland Street
5th Floor
London
W1W 5PF
United Kingdom
Accountants
Balmoral Consultancy Services Limited
Congress House
14 Lyon Road
Harrow
Middlesex
HA1 2EN
R2 Management Group Limited
Statement of financial position
as at 30 April 2024
Cash at bank and in hand
25,671
Creditors: amounts falling due within one year
(2,140,502)
Profit and loss account
1,750
For the period ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 8 April 2025 and were signed on its behalf by
Ralph Burrows
Director
Company Registration No. 14811545
R2 Management Group Limited
Notes to the Accounts
for the period from 18 April 2023 to 30 April 2024
R2 Management Group Limited is a private company, limited by shares, registered in England and Wales, registration number 14811545. The registered office is 167-169 Great Portland Street, 5th Floor, London, W1W 5PF, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Classification of Financial Liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Basic Financial Liabilities
Basic financial liabilities, including creditors, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividend payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
The accounts are presented in £ sterling.
R2 Management Group Limited
Notes to the Accounts
for the period from 18 April 2023 to 30 April 2024
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Cash at bank and in hand are the basic financial assets and include cash in hand, deposits held at call with banks.
Amounts falling due within one year
5
Creditors: amounts falling due within one year
2024
Taxes and social security
410
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
During the period under review, the company was under the control of Ralph Burrows (the director) by virtue of his 100% shareholding in the company.
8
Average number of employees
During the period the average number of employees was 1.