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REGISTERED NUMBER: SC705824 (Scotland)




















Rfgc Group Ltd

Unaudited Financial Statements

for the Period 1 September 2023 to 31 July 2024






Rfgc Group Ltd (Registered number: SC705824)






Contents of the Financial Statements
for the Period 1 September 2023 to 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Rfgc Group Ltd

Company Information
for the Period 1 September 2023 to 31 July 2024







DIRECTOR: Mrs R Montague



REGISTERED OFFICE: 3 Clairmont Gardens
Glasgow
United Kingdom
G3 7LW



REGISTERED NUMBER: SC705824 (Scotland)



ACCOUNTANTS: Whitelaw Wells
9 Ainslie Place
Edinburgh
Midlothian
EH3 6AT



BANKERS: Santander UK Plc
Bridle Road
Bootle
Merseyside
L30 4GB

Rfgc Group Ltd (Registered number: SC705824)

Balance Sheet
31 July 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 3,694,597 1,065,826
Investments 5 101 161
3,694,698 1,065,987

CURRENT ASSETS
Stocks 1,200 1,695,612
Debtors 6 152,769 167,833
Cash at bank 450 4,476
154,419 1,867,921
CREDITORS
Amounts falling due within one year 7 2,438,735 382,556
NET CURRENT (LIABILITIES)/ASSETS (2,284,316 ) 1,485,365
TOTAL ASSETS LESS CURRENT LIABILITIES 1,410,382 2,551,352

CREDITORS
Amounts falling due after more than one
year

8

2,065,010

2,929,375
NET LIABILITIES (654,628 ) (378,023 )

Rfgc Group Ltd (Registered number: SC705824)

Balance Sheet - continued
31 July 2024

2024 2023
Notes £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (654,728 ) (378,123 )
(654,628 ) (378,023 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The 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.

The financial statements were approved by the director and authorised for issue on 24 April 2025 and were signed by:





Mrs R Montague - Director


Rfgc Group Ltd (Registered number: SC705824)

Notes to the Financial Statements
for the Period 1 September 2023 to 31 July 2024

1. STATUTORY INFORMATION

Rfgc Group Ltd is a private company, limited by shares , registered in Scotland. 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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover represents invoices sales of recreational services excluding value added tax. It is recognised in the period in which the goods or services are provided.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Investments in associates
Investments in associate undertakings are recognised at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial
instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

Taxation
Taxation for the period 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.


Rfgc Group Ltd (Registered number: SC705824)

Notes to the Financial Statements - continued
for the Period 1 September 2023 to 31 July 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 period 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Going concern
The financial statements have been prepared on the going concern principle, which assumes that the company will continue to trade in the foreseeable future. In order to do so the company will require the continued support of its director, its creditors and lenders. The director will continue to support the company and is confident of the continued support of the bank and other creditors.

Provisions
Provisions are recognised where the company has a present obligation as a result of a past event, it is probable the company will be required to settle the obligations, and a reliable estimate can be made of the obligations. The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the end of the reporting period, taking into account the risks and uncertainties surrounding the obligation.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2023 - NIL).

Rfgc Group Ltd (Registered number: SC705824)

Notes to the Financial Statements - continued
for the Period 1 September 2023 to 31 July 2024

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
At 1 September 2023 1,065,826
Additions 2,628,771
At 31 July 2024 3,694,597
NET BOOK VALUE
At 31 July 2024 3,694,597
At 31 August 2023 1,065,826

5. FIXED ASSET INVESTMENTS
Interest
in
associate
£   
COST
At 1 September 2023 161
Disposals (60 )
At 31 July 2024 101
NET BOOK VALUE
At 31 July 2024 101
At 31 August 2023 161

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by associates 152,769 59,020
Other debtors - 108,813
152,769 167,833

Rfgc Group Ltd (Registered number: SC705824)

Notes to the Financial Statements - continued
for the Period 1 September 2023 to 31 July 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 1,517,102 -
Trade creditors 51,299 17,559
Amounts owed to associates 735,276 279,839
Taxation and social security 5,146 -
Other creditors 129,912 85,158
2,438,735 382,556

Other creditors includes loans from the directors which are unsecured, interest-free, and repayable on demand.

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 2,065,010 2,929,375

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 2,065,010 2,929,375

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 3,602,200 2,929,375

Bank loans are secured by way of floating charges in favour of Together Commercial Finance and Gerrard Capital Limited.

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Melbury Capital Limited.