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Registered number: 08819808 RNS ASSETS LIMITED UNAUDITED FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE YEAR ENDED 31 DECEMBER 2024
RNS ASSETS LIMITED REGISTERED NUMBER: 08819808 BALANCE SHEET AS AT 31 DECEMBER 2024
| 2024 | 2024 | 2023 | 2023
Note | £ | £ | £ | £
Fixed assets |  |  |  |  |
Investments | 4 |  | 1,379,821 |  | 1,571,359
|  |  | 1,379,821 |  | 1,571,359
Current assets |  |  |  |  |
Debtors: amounts falling due after more than one year | 5 | - |  | 500,000 |
Debtors: amounts falling due within one year | 5 | 1,611,708 |  | 1,205,354 |
Current asset investments | 6 | - |  | 825,000 |
Cash at bank and in hand | 7 | 115,863 |  | 137,762 |
|  | 1,727,571 |  | 2,668,116 |
Creditors: amounts falling due within one year | 8 | (3,586,840) |  | (3,569,560) |
Net current liabilities |  |  | (1,859,269) |  | (901,444)
Total assets less current liabilities |  |  | (479,448) |  | 669,915
Creditors: amounts falling due after more than one year | 9 |  | - |  | (130,800)
Net (liabilities)/assets |  |  | (479,448) |  | 539,115
Capital and reserves |  |  |  |  |
Called up share capital |  |  | 100 |  | 100
Profit and loss account |  |  | (479,548) |  | 539,015
Total equity |  |  | (479,448) |  | 539,115
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RNS ASSETS LIMITED REGISTERED NUMBER: 08819808 BALANCE SHEET (CONTINUED) AS AT 31 DECEMBER 2024 The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime. The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
R Patel
Director
Date: 12 September 2025
The notes on pages 3 to 7 form part of these financial statements. Page 2
RNS ASSETS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
1. | General information
RNS Assets Limited is a limited liability company incorporated in England. The registered office is Aston House, Cornwall Avenue, London, N3 1LF. 2.Accounting policies
| 2.1 | Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view. The financial statements are produced in pounds sterling, rounded to the nearest £1. The following principal accounting policies have been applied:
| 2.2 | Going concern
After making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence and meet its liabilities as they fall due for the foreseeable future, being a period of at least twelve months from the date these financial statements were approved. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.
| 2.3 | Interest income
Interest income is recognised in profit or loss using the effective interest method.
| 2.4 | Finance costs
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
| 2.5 | Borrowing costs
All borrowing costs are recognised in profit or loss in the year in which they are incurred.
| 2.6 | Valuation of investments
Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of income and retained earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment. Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period. Page 3
RNS ASSETS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 2.Accounting policies (continued)
| 2.7 | Debtors
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.
| 2.8 | Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
| 2.9 | Creditors
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
| 2.10 | Financial instruments
The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments. Basic financial assets Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments. Basic financial liabilities Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities. Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial. Debt instruments are subsequently carried at their amortised cost using the effective interest rate method. Page 4
RNS ASSETS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 2.Accounting policies (continued)
| 2.10 | Financial instruments (continued)
Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.
3. | Employees
| The Company has no employees other than the directors, who did not receive any remuneration (2023 - £NIL).
4. | Fixed asset investments
|  | Listed investments | Unlisted investments | Total
|  | £ | £ | £
| Cost or valuation |  |  |
| At 1 January 2024 | 332,237 | 1,239,122 | 1,571,359
| Additions | - | 13,945 | 13,945
| Disposals | - | (2,220) | (2,220)
| Revaluations | (111,842) | (91,421) | (203,263)
| At 31 December 2024 | 220,395 | 1,159,426 | 1,379,821
| Net book value |  |  |
| At 31 December 2024 | 220,395 | 1,159,426 | 1,379,821
| At 31 December 2023 | 332,237 | 1,239,122 | 1,571,359
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RNS ASSETS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
5. | Debtors
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Due after more than one year |  |
| Other debtors | - | 500,000
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Due within one year |  |
| Other debtors | 1,611,708 | 1,205,354
6. | Current asset investments
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Unlisted investments | - | 825,000
7. | Cash and cash equivalents
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Cash at bank and in hand | 115,863 | 137,762
8. | Creditors: amounts falling due within one year
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Other loans | 100,000 | 220,000
| Other creditors | 3,483,000 | 3,345,000
| Accruals and deferred income | 3,840 | 4,560
|  | 3,586,840 | 3,569,560
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RNS ASSETS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
9. | Creditors: amounts falling due after more than one year
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Other loans | - | 130,800
10. | Loans
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Amounts falling due within one year |  |
| Other loans | 100,000 | 220,000
| Amounts falling due 1-2 years |  |
| Other loans | - | 130,800
|  | 100,000 | 350,800
11. | Prior year adjustment
The prior year adjustment corrects the fixed asset investment position
12. | Related party transactions
| At the year end, the company owed £500,000 (2023: £500,000) to RNS Capital Limited, a company controlled by one of the directors. The loan was on interest free terms and repayable on demand. At the year end, the company owed £1,313,000 (2023: £825,000) to Gempoint 2000 Limited, a company controlled by one of the directors. The loan was on interest free terms and repayable on demand. At the year end, there were shareholders loans totalling £1,670,000 (2023: £2,020,000). the loans were on interest free terms and repayable on demand.
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