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Company Registration No. 02659541 (England and Wales)
Rudan Limited Unaudited accounts for the year ended 31 December 2024
Rudan Limited Unaudited accounts Contents
Page
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Rudan Limited Company Information for the year ended 31 December 2024
Directors
D Hersheson R Hersheson L Hersheson
Secretary
R 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
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Rudan Limited Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
3,369 
3,806 
Current assets
Inventories
24,304 
22,593 
Debtors
989,067 
814,594 
Cash at bank and in hand
96,023 
103,931 
1,109,394 
941,118 
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)
Capital and reserves
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
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Rudan Limited Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
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.
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.
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
Going concern
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
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.
Pension costs
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
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.
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Rudan Limited Notes to the Accounts for the year ended 31 December 2024
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 January 2024
74,515 
Additions
1,490 
At 31 December 2024
76,005 
Depreciation
At 1 January 2024
70,709 
Charge for the year
1,927 
At 31 December 2024
72,636 
Net book value
At 31 December 2024
3,369 
At 31 December 2023
3,806 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
9,600 
- 
Accrued income and prepayments
33,642 
87,732 
Other debtors
945,825 
726,862 
989,067 
814,594 
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 
Accruals
97,995 
322,050 
900,620 
1,053,276 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
24,645 
30,815 
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.
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Rudan Limited Notes to the Accounts for the year ended 31 December 2024
9
Controlling party
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).
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