Company No:
Contents
| DIRECTORS | P A Ephson |
| M F E Ephson | |
| L F Ephson | |
| C R Mason | |
| J Seal |
| REGISTERED OFFICE | 22 Chancery Lane |
| London | |
| WC2A 1LS | |
| United Kingdom |
| COMPANY NUMBER | 09666377 (England and Wales) |
The directors present their annual report and the unaudited financial statements of the company for the financial year ended 30 September 2024.
DIRECTORS
The directors, who served during the financial year and to the date of this report except as noted, were as follows:
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Approved by the Board of Directors and signed on its behalf by:
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P A Ephson
Director |
| 2024 | 2023 | |||
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| Turnover |
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| Cost of sales | (
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| Gross profit |
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| Administrative expenses | (
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| Other operating income |
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| Operating (loss)/profit | (
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| Other non-operating income |
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| Profit before interest and taxation | 19,117 | 116,123 | ||
| Interest receivable and similar income |
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| Interest payable and similar expenses | (
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| (Loss)/profit before taxation | (
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| Tax on (loss)/profit |
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| (Loss)/profit for the financial year | (
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| Note | 2024 | 2023 | ||
| £ | £ | |||
| Fixed assets | ||||
| Investments | 3 |
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| 100 | 763,069 | |||
| Current assets | ||||
| Debtors | 4 |
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| Cash at bank and in hand |
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| 2,339,600 | 3,950,897 | |||
| Creditors: amounts falling due within one year | 5 | (
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| Net current assets | 2,316,299 | 1,606,002 | ||
| Total assets less current liabilities | 2,316,399 | 2,369,071 | ||
| Net assets |
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| Capital and reserves | ||||
| Called-up share capital |
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| Profit and loss account | (
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| Total shareholders' funds |
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Directors' responsibilities:
The financial statements of Rathplace Developments Limited (registered number:
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P A Ephson
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.
Rathplace Developments Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 22 Chancery Lane, London, WC2A 1LS, England, United Kingdom.
The financial statements have been prepared under the historical cost convention, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements have been prepared on a going concern basis. The shareholder has confirmed they will support the company for at least 12 months from the date the accounts were approved.
Group accounts exemption s399
As the company is subject to the small company regime, group accounts have not been prepared.
Exchange differences are recognised in the Profit and Loss Account in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.
Other operating income comprises rental income and other sundry income, net of VAT. Rental income is recognised on an accruals basis.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Fixed asset investments are stated at historical cost less provision for impairment. Fixed asset investments consist of the investments in subsidiaries.
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is a contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
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| Number | Number | ||
| Monthly average number of persons employed by the Company during the year |
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Investments in subsidiaries
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| Cost | |
| At 01 October 2023 |
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| Disposals | (
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| At 30 September 2024 |
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| Carrying value at 30 September 2024 |
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| Carrying value at 30 September 2023 |
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Rathplace Developments Limited owns 0% (2023 - 100%) of WK Holdings I Limited, a UK Limited Company.
Rathplace Developments Limited owns 100% (2023 - 100%) of 7LR Limited, a UK Limited Company. The registered address of 7LR Limited is 22 Chancery Lane, London, WC2A 1LS.
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| Amounts owed by group undertakings (note 6) |
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| Other debtors |
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| £ | £ | ||
| Other loans |
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| Other creditors |
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Exemption is taken under FRS 102 paragraph 1AC.35 not to disclose transactions with other undertakings wholly owned within the group.