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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
Page
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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
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Rescap Investments Ltd Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
50,000 
91,660 
Investments
1 
1 
50,001 
91,661 
Current assets
Debtors
1,180,712 
1,380,299 
Cash at bank and in hand
599,459 
638,653 
1,780,171 
2,018,952 
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 
Capital and reserves
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
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Rescap Investments Ltd Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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 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
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
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 taxation
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.
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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 
Depreciation
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 
Net book value
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
6
Debtors
2024 
2023 
£ 
£ 
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 
326,490 
526,077 
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 
£ 
£ 
Trade creditors
- 
1,469 
Taxes and social security
2,121 
14,522 
Other creditors
246 
399 
Accruals
- 
1,407 
2,367 
17,797 
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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 
669,867 
749,920 
9
Share capital
2024 
2023 
£ 
£ 
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).
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