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R SQUARED INVESTMENTS LIMITED

Registered Number
11594836
(England and Wales)

Unaudited Financial Statements for the Year ended
30 September 2024

R SQUARED INVESTMENTS LIMITED
Company Information
for the year from 1 October 2023 to 30 September 2024

Directors

MACKEY, Terence Rory
SMITH, Tracy Claire

Registered Address

Flat B
36 Winchendon Road
Teddington
TW11 0SX

Registered Number

11594836 (England and Wales)
R SQUARED INVESTMENTS LIMITED
Balance Sheet as at
30 September 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Intangible assets3100,000100,000
Tangible assets41,969,4802,036,414
Investments5725,000725,000
2,794,4802,861,414
Current assets
Stocks610,24714,576
Debtors7185,25458,027
Cash at bank and on hand643,005271,957
838,506344,560
Creditors amounts falling due within one year8(434,807)(438,132)
Net current assets (liabilities)403,699(93,572)
Total assets less current liabilities3,198,1792,767,842
Creditors amounts falling due after one year9(2,278,247)(1,739,693)
Net assets919,9321,028,149
Capital and reserves
Called up share capital1,462,6101,462,610
Profit and loss account(542,678)(434,461)
Shareholders' funds919,9321,028,149
The financial statements were approved and authorised for issue by the Board of Directors on 12 June 2025, and are signed on its behalf by:
MACKEY, Terence Rory
Director
SMITH, Tracy Claire
Director

Registered Company No. 11594836
R SQUARED INVESTMENTS LIMITED
Notes to the Financial Statements
for the year ended 30 September 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Judgements and key sources of estimation uncertainty
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. These critical accounting judgements and estimations are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods. The critical judgements made by management that have a significant effect on the amounts recognised in the financial statements are described below.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Revenue from rendering of services
Revenue from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
Intangible assets
Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.
Goodwill
Goodwill arising on an acquisition of a business is carried at cost less accumulated impairment losses, if any. Goodwill is amortised over its expected useful life which is estimated to be ten years. Goodwill is assessed for impairment when there are indicators of impairment and any impairment is charged to the income statement. No reversals of impairment are recognised. This year, goodwill amortisation figure includes two years, with the residual goodwill being amortised over the remaining 8 years
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Straight line (years)
Fixtures and fittings6.5
Vehicles6.5
Office Equipment4
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Stocks and work in progress
Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.
2.Average number of employees

20242023
Average number of employees during the year6051
3.Intangible assets

Goodwill

Total

££
Cost or valuation
At 01 October 23100,000100,000
At 30 September 24100,000100,000
Net book value
At 30 September 24100,000100,000
At 30 September 23100,000100,000
4.Tangible fixed assets

Land & buildings

Vehicles

Fixtures & fittings

Office Equipment

Total

£££££
Cost or valuation
At 01 October 231,813,50067,599189,9116,9742,077,984
Additions---2,3752,375
Revaluations--14,006-14,006
Disposals-(57,500)--(57,500)
At 30 September 241,813,50010,099203,9179,3492,036,865
Depreciation and impairment
At 01 October 23-10,14029,5321,89841,570
Charge for year-1,51530,5882,33734,440
On disposals-(8,625)--(8,625)
At 30 September 24-3,03060,1204,23567,385
Net book value
At 30 September 241,813,5007,069143,7975,1141,969,480
At 30 September 231,813,50057,459160,3795,0762,036,414
5.Fixed asset investments

Other investments1

Total

££
Cost or valuation
At 01 October 23725,000725,000
At 30 September 24725,000725,000
Net book value
At 30 September 24725,000725,000
At 30 September 23725,000725,000

Notes

1Other investments other than loans
6.Stocks

2024

2023

££
Finished goods10,24714,576
Total10,24714,576
7.Debtors: amounts due within one year

2024

2023

££
Other debtors144,88644,726
Prepayments and accrued income40,36813,301
Total185,25458,027
8.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables205,368129,786
Bank borrowings and overdrafts46-
Taxation and social security179,474144,052
Other creditors39,440151,177
Accrued liabilities and deferred income10,47913,117
Total434,807438,132
9.Creditors: amounts due after one year

2024

2023

££
Other creditors2,278,2471,739,693
Total2,278,2471,739,693