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Notes to the financial statements
Year ended 30 November 2024
R.C.S. (1996) Limited ('the company') is a private company limited by shares, incorporated in the United Kingdom and registered in England and Wales. The address of the registered office is Ramside Hall Hotel, Carrville, Durham, DH1 1TD.
The financial statements have been prepared in accordance with United Kingdom Accounting Standards, including Section 1A of Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland’ (‘FRS 102’), and the Companies Act 2006. .
3.Accounting policies
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the periods presented, unless otherwise stated.
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Basis of preparation of financial statements
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The financial statements are prepared on a going concern basis and under the historical cost convention. They are presented in pounds sterling and rounded to the nearest £.
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
The average monthly number of employees, excluding the directors, during the year was nil (2023: nil).
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Amounts owed by group undertakings
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Parent undertaking preparing consolidated accounts
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The immediate parent undertaking is Ramside Estates Limited, a company incorporated in the United Kingdom and registered in England.
The ultimate parent undertaking and the smallest and largest group to consolidate these financial statements is Ramside Holdings Limited, whose registered office is Ramside Hall Hotel, Carrville, Durham, DH1 1TD.
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