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Registration number: 14361957

RCP Brands Ltd

Unaudited Filleted Financial Statements

for the Year Ended 30 September 2024

 

RCP Brands Ltd

Contents

Statement of Financial Position

1

Notes to the Unaudited Financial Statements

2 to 5

 

RCP Brands Ltd

(Registration number: 14361957)
Statement of Financial Position as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Other financial assets

4

2,500

2,500

Current assets

 

Cash at bank and in hand

 

287

1,535

Creditors: Amounts falling due within one year

5

(5,320)

(1,010)

Net current (liabilities)/assets

 

(5,033)

525

Net (liabilities)/assets

 

(2,533)

3,025

Capital and reserves

 

Called up share capital

100

100

Share premium reserve

11,567

11,567

Profit and loss account

(14,200)

(8,642)

Shareholders' (deficit)/funds

 

(2,533)

3,025

For the financial year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act 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. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Statement of Comprehensive Income.

Approved and authorised by the director on 12 June 2025
 


Mr Damien Wai-Sung Lui
Director

 

RCP Brands Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
20-22 Wenlock Road
London
England
N1 7GU

Principal activity

The principal activity of the company is that of a company holding intellectual property.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling which is the functional currency of the entity.

Going concern

The company has made losses but continues to be supported by the Director and ultimate parent.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. In the statement of financial position, bank overdrafts are shown within borrowing or current liabilities

 

RCP Brands Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024 (continued)

2

Accounting policies (continued)

Financial instruments

Recognition and measurement
A financial asset or a financial liability is recognised only when the company becomes 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.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

 

RCP Brands Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024 (continued)

4

Other financial assets (current and non-current)

Financial assets at cost less impairment
£

Total
£

Non-current financial assets

Cost or valuation

At 1 October 2023

2,500

2,500

At 30 September 2024

2,500

2,500

Impairment

Carrying amount

At 30 September 2024

2,500

2,500

5

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Amounts owed to group undertakings and undertakings in which the company has a participating interest

3,510

1,010

Accruals and deferred income

 

1,600

-

Other creditors

 

210

-

 

5,320

1,010

6

Reserves

Profit and loss account:

This reserve records retained earnings and accumulated losses.

 

RCP Brands Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024 (continued)

7

Parent and ultimate parent undertaking

The company's immediate parent is Rubix Venture Partners Ltd, incorporated in England & Wales.

  These financial statements are available upon request from Companies House, Crown Way, Cardiff, CF14 3UZ.