Company Registration No. 04559640 (England and Wales)
Rudan Knightsbridge Limited
Unaudited accounts
for the year ended 31 December 2024
Rudan Knightsbridge Limited
Unaudited accounts
Contents
Rudan Knightsbridge Limited
Company Information
for the year ended 31 December 2024
Directors
D Hersheson
L Hersheson
R Hersheson
Company Number
04559640 (England and Wales)
Registered Office
29 Berners Street
London
W1T 3LR
Accountants
Multiply Accountancy Limited
71-75 Shelton Street
London
WC2H 9JQ
Rudan Knightsbridge Limited
Statement of financial position
as at 31 December 2024
Tangible assets
161,106
281,563
Debtors
1,182,613
1,059,967
Cash at bank and in hand
33,735
(26,473)
Creditors: amounts falling due within one year
(1,323,984)
(1,083,265)
Net current liabilities
(107,636)
(49,771)
Total assets less current liabilities
53,470
231,792
Creditors: amounts falling due after more than one year
-
(159,637)
Provisions for liabilities
Deferred tax
(39,731)
(69,845)
Called up share capital
100
100
Capital redemption reserve
6
6
Profit and loss account
13,633
2,204
Shareholders' funds
13,739
2,310
For the year ending 31 December 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 directors acknowledge their 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 of Directors and authorised for issue on 25 July 2025 and were signed on its behalf by
L Hersheson
Director
Company Registration No. 04559640
Rudan Knightsbridge Limited
Notes to the Accounts
for the year ended 31 December 2024
Rudan Knightsbridge Limited is a private company, limited by shares, registered in England and Wales, registration number 04559640. The registered office is 29 Berners Street, London, W1T 3LR.
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.
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.
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:
Land & buildings
5 years straight line
Plant & machinery
3 years straight line
Fixtures & fittings
5 years straight line
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.
As at the balance sheet date, the company had net current liabilities of £235,644 and net liabilities of £114,269. However, the Company has taken many commercially positive steps in this period as it builds to the future. In addition, the shareholders have demonstrated their willingness to support the company financially for at least the next 12 months and on this basis, the director considers it appropriate to prepare the financial statements on a going concern basis. The financial statements do not include any adjustments that would result from a withdrawal of this support.
Rudan Knightsbridge Limited
Notes to the Accounts
for the year ended 31 December 2024
4
Tangible fixed assets
Land & buildings
Plant & machinery
Total
Cost or valuation
At cost
At cost
At 1 January 2024
533,093
180,559
713,652
At 31 December 2024
533,093
180,559
713,652
At 1 January 2024
295,143
136,946
432,089
Charge for the year
106,297
14,160
120,457
At 31 December 2024
401,440
151,106
552,546
At 31 December 2024
131,653
29,453
161,106
At 31 December 2023
237,950
43,613
281,563
Amounts falling due within one year
Accrued income and prepayments
64,630
40,341
Other debtors
1,117,294
1,019,488
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
159,637
81,113
Trade creditors
19,881
54,782
Taxes and social security
87,084
137,176
Other creditors
1,050,947
700,580
The company has a debenture with fixed and floating charges over the assets of the company in favour of the The Co-Operative Bank Plc.
7
Creditors: amounts falling due after more than one year
2024
2023
Rudan Knightsbridge Limited
Notes to the Accounts
for the year ended 31 December 2024
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Interest was charged on the loans at a rate of 2.25%.
The Directors loan balances shown above were settled by way of an inter group transfer to Hersheson Group Limited as part of a restructure that occurred in September 2024.
9
Transactions with related parties
At the balance sheet date the following balances existed with companies under common control: Within other debtors, £4,331 (2023: £4,331) was due from Hamsard 3469 Limited.
10
Average number of employees
During the year the average number of employees was 0 (2023: 6).