Company Registration No. 02659541 (England and Wales)
Rudan Limited
Unaudited accounts
for the year ended 31 December 2024
Rudan Limited
Unaudited accounts
Contents
Rudan Limited
Company Information
for the year ended 31 December 2024
Directors
D Hersheson
R Hersheson
L Hersheson
Company Number
02659541 (England and Wales)
Registered Office
29 BERNERS STREET BERNERS STREET
LONDON
W1T 3LR
ENGLAND
Accountants
Multiply Accountancy Limited
71-75 Shelton Street
London
WC2H 9JQ
Rudan Limited
Statement of financial position
as at 31 December 2024
Tangible assets
3,369
3,806
Cash at bank and in hand
96,023
103,931
Creditors: amounts falling due within one year
(900,620)
(1,053,276)
Net current assets/(liabilities)
208,774
(112,158)
Total assets less current liabilities
212,143
(108,352)
Creditors: amounts falling due after more than one year
(24,645)
(30,815)
Net assets/(liabilities)
187,498
(139,167)
Called up share capital
100
100
Capital redemption reserve
6
6
Profit and loss account
187,392
(139,273)
Shareholders' funds
187,498
(139,167)
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. 02659541
Rudan Limited
Notes to the Accounts
for the year ended 31 December 2024
Rudan Limited is a private company, limited by shares, registered in England and Wales, registration number 02659541. The registered office is 29 BERNERS STREET BERNERS STREET, LONDON, W1T 3LR, ENGLAND.
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.
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:
Plant & machinery
3 years straight line
As at the balance sheet date, the company had net current liabilities of £86,374 (2022: £408,596 ) and net liabilities of £113,383 (2022: £440,596). The directors have indicated their willingness to support the company financially for the foreseeable future. On this basis, the directors consider it appropriate to prepare the financial statements on a going concern basis. The financial statements to not include an adjustments that would result from a withdrawal of their support.
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.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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.
Rudan Limited
Notes to the Accounts
for the year ended 31 December 2024
4
Tangible fixed assets
Plant & machinery
At 31 December 2024
76,005
At 31 December 2024
72,636
Amounts falling due within one year
Accrued income and prepayments
33,642
87,732
Other debtors
945,825
726,862
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
9,736
9,584
Trade creditors
111,058
78,256
Taxes and social security
409,159
260,412
Other creditors
272,672
382,974
7
Creditors: amounts falling due after more than one year
2024
2023
8
Transactions with related parties
At the balance sheet date the following balances existed with companies under common control:
Within other creditors, £253,396 (2023: £162,610) was due to Hamsard 3469 Limited, £2,323 (2023: £208,058) was due to Rudan Belgravia Limited.
The related parties are under common control.
Rudan Limited
Notes to the Accounts
for the year ended 31 December 2024
The company is a wholly owned subsidiary of Hamsard 2018 Limited, a company incorporated in England and Wales, and whose registered office is 29 Berners Street, London, W1T 3LR
10
Average number of employees
During the year the average number of employees was 47 (2023: 47).