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Registered Number: 15045550
England and Wales

 

 

 

RCM NEO HOLDCO LIMITED


Unaudited Financial Statements
 


Period of accounts

Start date: 02 August 2023

End date: 31 December 2024
Directors Steven Mitchell
Jeremy Tucker
John Shaheen II
Registered Number 15045550
Registered Office 23a High Street
Welford
Northants
NN6 6HT
Accountants Beagle Accounting Limited
23a High Street
Welford
Northants
NN6 6HT
1
Director's report and financial statements
The directors present his/her/their annual report and the financial statements for the year ended 31 December 2024.
Principal activities
Principal activity of the company during the financial period was of management of the development of real estate.
Directors
The directors who served the company throughout the period were as follows:
Steven Mitchell
Jeremy Tucker
John Shaheen II
Statement of directors' responsibilities
The directors are responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations and in accordance with United Kingdom Generally Accepted Accounting Practice.
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 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
  • state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements and
  • 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. The directors 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.
The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom, governing the preparation and dissemination of financial statements, may differ from legislation in other jurisdictions

This report was approved by the board and signed on its behalf by:


----------------------------------
Steven Mitchell
Director

Date approved: 25 April 2025
2
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of RCM NEO HOLDCO LIMITED for the year ended 2024 which comprise of the Profit and Loss Account and the Balance Sheet from the company's accounting records and from information and explanations you have given us.


As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://rulebook.accaglobal.com/
This report is made solely to the Board of Directors of RCM NEO HOLDCO LIMITED, as a body, in accordance with the terms of our engagement letter dated 17th September 2023. Our work has been undertaken solely to prepare for your approval the accounts of RCM NEO HOLDCO LIMITED and state those matters that we have agreed to state to the Board of Directors of RCM NEO HOLDCO LIMITED, as a body, in this report in accordance with the requirements of the Association of Chartered
Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than RCM NEO HOLDCO LIMITED and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that RCM NEO HOLDCO LIMITED has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of RCM NEO HOLDCO LIMITED. You consider that RCM NEO HOLDCO LIMITED is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of RCM NEO HOLDCO LIMITED. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.








....................................................

Beagle Accounting Limited

23a High Street
Welford
Northants
NN6 6HT
25 April 2025
3
 
 
Notes
 
2024
£
Turnover 5,000 
Gross profit 5,000 
Administrative expenses (1,172,472)
Other operating income 2,925,642 
Operating profit 1,758,170 
Exceptional items (3,129,054)
Other interest receivable and similar income 10,347 
Interest payable and similar charges (6,049,884)
Profit/(Loss) on ordinary activities before taxation (7,410,421)
Tax on profit on ordinary activities
Profit/(Loss) for the financial period (7,410,421)
 
4
 
 
Notes
 
2024
£
Fixed assets    
Investments 3 901 
901 
Current assets    
Debtors 4 15,755,316 
Cash at bank and in hand 327,470 
16,082,786 
Creditors: amount falling due within one year 5 (23,494,008)
Net current assets (7,411,222)
 
Total assets less current liabilities (7,410,321)
Net assets (7,410,321)
 

Capital and reserves
   
Called up share capital 100 
Profit and loss account (7,410,421)
Shareholders' funds (7,410,321)
 


For the period ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the board of directors on 25 April 2025 and were signed on its behalf by:


-------------------------------
Steven Mitchell
Director
5
  Equity share capital   Revaluation reserve   Capital redemption reserve   Retained Earnings   Total
£ £ £ £ £
At 02 August 2023
Profit for the period (7,410,421) (7,410,421)
Total comprehensive income for the period (7,410,421) (7,410,421)
Shares issued 100  100 
Total investments by and distributions to owners 100  100 
At 31 December 2024 100  (7,410,421) (7,410,321)
6
General Information
RCM NEO HOLDCO LIMITED is a private company, limited by shares, registered in England and Wales, registration number 15045550, registration address 23a High Street , Welford , Northants , NN6 6HT .

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern basis
At the balance sheet date, the company's liabilities exceeded its assets. The company has received assurance from the shareholders that it will continue to give financial support to the company for a period of at least twelve months from the date of signing these financial statements.

On this basis, the director considers it appropriate to prepare the financial statements on a going concern basis. However, should the financial support mentioned above not be forthcoming, the going concern basis used in preparing the company's financial statements may be invalid and adjustments would have to be made to reduce the value of assets to their realisable amounts and to provide for any further liabilities which might be necessary should the basis not continue to be appropriate.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the statement of financial position date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the income statement.
Fixed asset investments
Fixed asset investments are stated at cost less provision for any permanent diminution in value.
Financial instruments
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
2.

Average number of employees

Average number of employees during the period was 0.
3.

Investments

Cost Other investments other than loans   Total
  £   £
At 02 August 2023  
Additions 1,001    1,001 
Transfer to/from tangible fixed assets  
Disposals (100)   (100)
At 31 December 2024 901    901 

4.

Debtors: amounts falling due within one year

2024
£
Dallington 2,305,381 
Gedling Road 1,800,697 
Linegate 1,030,103 
Dudley Street 805,808 
Dragons Parade 887,360 
Trinity Chapel 4,012,015 
Ryelands 520,128 
Charnwood 4,393,824 
15,755,316 

5.

Creditors: amount falling due within one year

2024
£
Accrued Expenses 5,500 
Other Creditors (1)
Raven 23,488,509 
23,494,008 

7