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COMPANY REGISTRATION NUMBER: 09500081
Rudik Limited
Filleted Unaudited Financial Statements
29 August 2024
Rudik Limited
Statement of Financial Position
29 August 2024
2024
2023
Note
£
£
£
Current assets
Stocks
331,638
Creditors: amounts falling due within one year
4
331,637
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---------
Net current assets
1
----
----
Total assets less current liabilities
1
----
----
Capital and reserves
Called up share capital
1
1
Profit and loss account
( 1)
----
----
Shareholders funds
1
----
----
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 29 August 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 financial statements for the year in question in accordance with section 476 ;
- The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 18 April 2025 , and are signed on behalf of the board by:
Ms Gabrielle Tana
Director
Company registration number: 09500081
Rudik Limited
Notes to the Financial Statements
Year ended 29 August 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 99 Kenton Lane, Harrow, Middlesex, HA3 0AN.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Financial instruments
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 entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
4. Creditors: amounts falling due within one year
2024
2023
£
£
Other creditors
331,637
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---------
Other creditors represent amount due to National Bank of Canada and is only repayable out of the future income of the film "The White Crow". Since no income has been received in the last few years, directors consider this will no longer be payable hence the principal sum plus interest has been written off.
5. Controlling party
The company is a wholly owned subsidiary of Magnolia Mae Films Limited , whose registered office address is 99 Kenton Road, Harrow, Middlesex. HA3 0AN . The company number is 08637191.