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11185125
30 September 2024
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RAPPIDLY MN HOLDCO LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
Rappidly MN Holdco Limited (the 'Company') is a private company limited by shares, registered and incorporated in England and Wales. The Company's registered number is 11185125. Its registered office is Integration House, Turnhams Green Business Park, Pincents Lane, Reading, Berkshire, RG31 4UH.
The principal activity of the Company is that of an investment holding company for Managed Networks Limited.
The Company is dormant and has not traded during the current or prior year.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The financial statements have been presented in Pound Sterling as this is the currency of the primary economic environment in which the Company operates and is rounded to the nearest pound.
The following principal accounting policies have been applied:
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Exemption from preparing consolidated financial statements
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The Company is a parent company that is also a subsidiary included in the consolidated financial statements of a larger group by a parent undertaking established under the law of any part of the United Kingdom and is therefore exempt from the requirement to prepare consolidated financial statements under section 400 of the Companies Act 2006.
The directors are of the opinion that the Company will continue as a going concern and the financial statements for the year ended 30 September 2024 reflect this going concern basis. Whilst the Company is not expected to trade in the coming year, the directors do not intend to wind up the Company, it will remain dormant for the foreseeable future.
Investments in subsidiaries are measured at cost less accumulated impairment.
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The average monthly number of employees, including the directors, during the year was 4 (2023: 4).
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