2 23 April 2025 false false false false false false false false false false true false false false false false true No description of principal activity 2024-01-01 Sage Accounts Production Advanced 2023 - FRS102_2023 498,798 631,608 1,130,406 1,130,406 498,798 xbrli:pure xbrli:shares iso4217:GBP 10176915 2024-01-01 2024-12-31 10176915 2024-12-31 10176915 2023-12-31 10176915 2023-01-01 2023-12-31 10176915 2023-12-31 10176915 2022-12-31 10176915 bus:OrdinaryShareClass1 2024-01-01 2024-12-31 10176915 bus:Director3 2024-01-01 2024-12-31 10176915 core:WithinOneYear 2024-12-31 10176915 core:WithinOneYear 2023-12-31 10176915 core:AfterOneYear 2024-12-31 10176915 core:ShareCapital 2024-12-31 10176915 core:ShareCapital 2023-12-31 10176915 core:RetainedEarningsAccumulatedLosses 2024-12-31 10176915 core:RetainedEarningsAccumulatedLosses 2023-12-31 10176915 core:CostValuation core:Non-currentFinancialInstruments 2023-12-31 10176915 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2024-12-31 10176915 core:CostValuation core:Non-currentFinancialInstruments 2024-12-31 10176915 core:Non-currentFinancialInstruments 2024-12-31 10176915 core:Non-currentFinancialInstruments 2023-12-31 10176915 bus:SmallEntities 2024-01-01 2024-12-31 10176915 bus:Audited 2024-01-01 2024-12-31 10176915 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 10176915 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 10176915 bus:FullAccounts 2024-01-01 2024-12-31 10176915 bus:OrdinaryShareClass1 2024-12-31 10176915 bus:OrdinaryShareClass1 2023-12-31
COMPANY REGISTRATION NUMBER: 10176915
RTS Wind Holdings Limited
Filleted Financial Statements
31 December 2024
RTS Wind Holdings Limited
Balance Sheet
31 December 2024
2024
2023
Note
£
£
Fixed assets
Investments
5
1,130,406
498,798
Current assets
Debtors
6
265,586
258,789
Cash at bank and in hand
180
652
---------
---------
265,766
259,441
Creditors: amounts falling due within one year
7
( 1,000)
( 168,274)
---------
---------
Net current assets
264,766
91,167
------------
---------
Total assets less current liabilities
1,395,172
589,965
Creditors: amounts falling due after more than one year
8
( 807,289)
------------
---------
Net assets
587,883
589,965
------------
---------
Capital and reserves
Called up share capital
9
498,799
498,799
Profit and loss account
89,084
91,166
---------
---------
Shareholders funds
587,883
589,965
---------
---------
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 profit and loss account has not been delivered.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 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 23 April 2025 , and are signed on behalf of the board by:
K E Duttine
Director
Company registration number: 10176915
RTS Wind Holdings Limited
Notes to the Financial Statements
Year ended 31 December 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 Unit 118 Cleveland Business Centre, 1 Watson Street, Middlesbrough, TS1 2RQ.
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.
Disclosure exemptions
The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102: Disclosures in respect of financial instruments have not been presented, as there are none that are non basic.
Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2023: 2 ).
5. Investments
Shares in group undertakings
£
Cost
At 1 January 2024
498,798
Additions
631,608
------------
At 31 December 2024
1,130,406
------------
Impairment
At 1 January 2024 and 31 December 2024
------------
Carrying amount
At 31 December 2024
1,130,406
------------
At 31 December 2023
498,798
------------
On 9 February 2024, the company's shareholding in its subsidiary company RTS Wind Limited was reduced from 80% to 70% in a group reorganisation in which RTS Wind Limited acquired a connected company in a share for share exchange. Subsequently, the company acquired 2% of the shareholding in RTS Wind Limited from existing shareholders in accordance with a signed Share Purchase Agreement. The company's shareholding in RTS Wind Limited was 72% at the year-end. The above represents the cost of the investment at the year-end.
6. Debtors
2024
2023
£
£
Amounts owed by group undertakings and related parties
257,245
257,245
Other debtors
8,341
1,544
---------
---------
265,586
258,789
---------
---------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
2,220
Amounts owed to group undertakings and related parties
165,054
Other creditors
1,000
1,000
-------
---------
1,000
168,274
-------
---------
8. Creditors: amounts falling due after more than one year
2024
2023
£
£
Amounts owed to group undertakings and related parties
607,289
Other creditors
200,000
---------
----
807,289
---------
----
9. Called up share capital
Authorised share capital
2024
2023
No.
£
No.
£
Ordinary shares of £ 1 each
498,799
498,799
498,799
498,799
---------
---------
---------
---------
Issued, called up and fully paid
2024
2023
No.
£
No.
£
Ordinary shares of £ 1 each
498,799
498,799
498,799
498,799
---------
---------
---------
---------
10. Summary audit opinion
The auditor's report dated 23 April 2025 was unqualified .
The senior statutory auditor was Christopher Gorman FCA FCCA , for and on behalf of Chipchase Manners .
11. Controlling party
The ultimate holding company is Topp Holdings GmbH, a company registered in Germany.