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REGISTERED NUMBER: 13614385 (England and Wales)












Financial Statements

for the Year Ended 31 December 2024

for

RFT Passive Fire Technologies Ltd

RFT Passive Fire Technologies Ltd (Registered number: 13614385)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


RFT Passive Fire Technologies Ltd

Company Information
for the Year Ended 31 December 2024







DIRECTOR: B S Santens





SECRETARY: MYUKOFFICE LTD





REGISTERED OFFICE: 8 Northumberland Avenue
London
WC2N 5BY





REGISTERED NUMBER: 13614385 (England and Wales)





AUDITORS: Try Lunn & Co
Chartered Accountants
and Statutory Auditors
Roland House
Princes Dock Street
HULL HU1 2LD

RFT Passive Fire Technologies Ltd (Registered number: 13614385)

Balance Sheet
31 December 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 43,574 -

CURRENT ASSETS
Stocks 16,455 875
Debtors 5 89,925 158,282
Cash at bank 64,485 165,954
170,865 325,111
CREDITORS
Amounts falling due within one year 6 449,288 438,599
NET CURRENT LIABILITIES (278,423 ) (113,488 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(234,849

)

(113,488

)

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 8 (234,949 ) (113,588 )
SHAREHOLDERS' FUNDS (234,849 ) (113,488 )

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 6 June 2025 and were signed by:





B S Santens - Director


RFT Passive Fire Technologies Ltd (Registered number: 13614385)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

RFT Passive Fire Technologies Ltd is a private company, limited by shares , registered in England and Wales. 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.

The company is dependent on the continued financial support of its immediate parent company RF-Technologies NV. The directors of RF-Technologies NV have agreed to continue to provide that support to ensure that the company is able to continue to trade as a going concern for the foreseeable future. On this basis the financial statements have been prepared on the going concern basis.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover comprises of revenue in respect of goods supplied during the year, exclusive of Value Added Tax and trade discounts. Revenue on the sale of goods is recognised on despatch in accordance with the company's terms of sale.

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

Motor Vehicles - 20% on cost

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

Taxation
Taxation for the year 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.

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 year 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.

RFT Passive Fire Technologies Ltd (Registered number: 13614385)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 51,280
At 31 December 2024 51,280
DEPRECIATION
Charge for year 7,706
At 31 December 2024 7,706
NET BOOK VALUE
At 31 December 2024 43,574

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 81,256 131,931
Other debtors 8,669 26,351
89,925 158,282

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 8,834 13,900
Amounts owed to group undertakings 398,811 384,631
Taxation and social security 16,881 33,842
Other creditors 24,762 6,226
449,288 438,599

RFT Passive Fire Technologies Ltd (Registered number: 13614385)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

8. RESERVES
Retained
earnings
£   

At 1 January 2024 (113,588 )
Deficit for the year (121,361 )
At 31 December 2024 (234,949 )

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Simon Moss FCCA (Senior Statutory Auditor)
for and on behalf of Try Lunn & Co

10. RELATED PARTY DISCLOSURES

During the year the company purchased goods totalling £213,600 (2023 £269,648) on normal commercial terms from RF-Technologies NV, the immediate parent company, and received sales commissions of £NIL (2023 £144,475) from RF-Technologies NV.

At the balance sheet date an amount of £108,282 was due to RF-Technologies NV (2023 £139,967 due to the company by RF-Technologies NV).

During the period RF-Technologies NV loaned the company £154,189 (2023 - £15,314). At the balance sheet date an amount of £290,529 (2023 - £244,664) was outstanding. During the period the company paid interest at a market rate on the intercompany loan balance totalling £9,306 (2023 - £7,742).

11. ULTIMATE CONTROLLING PARTY

The company's immediate parent company is RF-Technologies NV, a company incorporated in Belgium.

The company's ultimate controlling party is Mr B S Santens.