Company Registration No. 10256730 (England and Wales)
Rescap Investments Ltd
Filleted accounts
for the year ended 30 June 2024
Rescap Investments Ltd
Filleted accounts
Contents
Rescap Investments Ltd
Company Information
for the year ended 30 June 2024
Director
William Durrell McKenna
Company Number
10256730 (England and Wales)
Registered Office
38 Sheffield Terrace
London
W8 7NA
Accountants
YP Finance
Hawthorne House
17A Hawthorne Drive
Leicester
Leicestershire
LE5 6DL
Rescap Investments Ltd
Statement of financial position
as at 30 June 2024
Tangible assets
50,000
91,660
Debtors
1,180,712
1,380,299
Cash at bank and in hand
599,459
638,653
Creditors: amounts falling due within one year
(2,367)
(17,797)
Net current assets
1,777,804
2,001,155
Total assets less current liabilities
1,827,805
2,092,816
Creditors: amounts falling due after more than one year
(669,867)
(749,920)
Net assets
1,157,938
1,342,896
Called up share capital
100
100
Profit and loss account
1,157,838
1,342,796
Shareholders' funds
1,157,938
1,342,896
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 24 June 2025 and were signed on its behalf by
William Durrell McKenna
Director
Company Registration No. 10256730
Rescap Investments Ltd
Notes to the Accounts
for the year ended 30 June 2024
Rescap Investments Ltd is a private company, limited by shares, registered in England and Wales, registration number 10256730. The registered office is 38 Sheffield Terrace, London, W8 7NA.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
20% straight line
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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 accounts. 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.
Rescap Investments Ltd
Notes to the Accounts
for the year ended 30 June 2024
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 July 2023
201,145
5,721
206,866
At 30 June 2024
201,145
5,721
206,866
At 1 July 2023
110,916
4,290
115,206
Charge for the year
40,229
1,431
41,660
At 30 June 2024
151,145
5,721
156,866
At 30 June 2024
50,000
-
50,000
At 30 June 2023
90,229
1,431
91,660
5
Investments
Other investments
Valuation at 1 July 2023
1
Valuation at 30 June 2024
1
Investment in Luxgrove Capital Partners Ltd
Amounts falling due within one year
Amounts due from group undertakings etc.
272,154
272,154
Accrued income and prepayments
4,336
3,923
Other debtors
50,000
250,000
Amounts falling due after more than one year
Amounts due from group undertakings etc.
854,222
854,222
7
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
2,121
14,522
Rescap Investments Ltd
Notes to the Accounts
for the year ended 30 June 2024
8
Creditors: amounts falling due after more than one year
2024
2023
Taxes and social security
(12,238)
-
Loans from directors
682,105
749,920
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
10
Average number of employees
During the year the average number of employees was 2 (2023: 2).