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REGISTERED NUMBER: 12865178 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

Consortium Group RF Limited

Consortium Group RF Limited (Registered number: 12865178)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Consortium Group RF Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: I Clarke
J Hargreaves Townson
Mrs N Hughes
C P Roche
Ms J Mills
M D Perkins
W M Simpson





REGISTERED OFFICE: 64 Orton Lane
Wombourne
Wolverhampton
WV5 9AW





REGISTERED NUMBER: 12865178 (England and Wales)






Consortium Group RF Limited (Registered number: 12865178)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Investments 4 2,257,684 2,257,684

CURRENT ASSETS
Debtors 5 - 25,568
Cash at bank 14,721 14,722
14,721 40,290
CREDITORS
Amounts falling due within one year 6 821,195 771,763
NET CURRENT LIABILITIES (806,474 ) (731,473 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,451,210

1,526,211

CREDITORS
Amounts falling due after more than
one year

7

-

825,001
NET ASSETS 1,451,210 701,210

CAPITAL AND RESERVES
Called up share capital 9 95,000 95,000
Retained earnings 1,356,210 606,210
SHAREHOLDERS' FUNDS 1,451,210 701,210

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Consortium Group RF Limited (Registered number: 12865178)

Balance Sheet - continued
31 December 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 July 2025 and were signed on its behalf by:




C P Roche - Director



Mrs N Hughes - Director


Consortium Group RF Limited (Registered number: 12865178)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Consortium Group RF Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 7 ) .

Consortium Group RF Limited (Registered number: 12865178)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

4. FIXED ASSET INVESTMENTS

On 31st May 2021, Consortium Group RF Ltd acquired the whole of the share capital of Spectrum Holdings Ltd and it's subsidiary Spectrum Franchising Ltd. Spectrum Holdings Ltd is a dormant company.

Spectrum Franchising Ltd trades under the franchise brand, Rainbow Restoration, and at 31st December 2024 that company had a net asset value of £871,042 (2023 - £1,202,543)

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Other debtors - 25,568

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade creditors 750 750
Amounts owed to group undertakings 421,445 145,445
Taxation and social security - 25,568
Other creditors 399,000 600,000
821,195 771,763

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.12.24 31.12.23
£    £   
Other creditors - 825,001

8. LOANS

Loans of £2.28m have been provided to the company, with no specific repayment terms. Interest is payable each 31st December calculated at 2% plus UK bank rate per annum on the loan amounts outstanding.

Loans totalling £1,026,000 were repaid in the year to 31st December 2024, with further amounts scheduled to be repaid in 2025.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
95,000 Ordinary £1 95,000 95,000