REGISTERED NUMBER: 11116927 (England and Wales)

Financial Statements

for the Year Ended 31 December 2024

for

K.A. Rasmussen LTD.

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

S Berg

T Rande

REGISTERED OFFICE:

Roland House

Princes Dock Street

Hull

East Yorkshire

HU1 2LD

REGISTERED NUMBER:

11116927 (England and Wales)

AUDITORS:

Try Lunn & Co

Chartered Accountants

and Statutory Auditors

Roland House

Princes Dock Street

HULL HU1 2LD

FIXED ASSETS

Tangible assets

5

531

1,141

CURRENT ASSETS

Debtors

6

49,746

42,673

Cash at bank

5,726

6,282

55,472

48,955

CREDITORS

Amounts falling due within one year

7

15,460

13,835

NET CURRENT ASSETS

40,012

35,120

TOTAL ASSETS LESS CURRENT LIABILITIES

40,543

36,261

CAPITAL AND RESERVES

Called up share capital

8

10,000

10,000

Retained earnings

9

30,543

26,261

SHAREHOLDERS' FUNDS

40,543

36,261

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 24 September 2025 and were signed on its behalf by:

S Berg - Director

1.	STATUTORY INFORMATION

K.A. Rasmussen LTD. 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.

The company is reliant on the financial support of K A Rasmussen AS. The directors of K A Rasmussen AS have agreed to provide continued financial support to ensure the company will be able to trade as a going concern for the foreseeable future.

Turnover

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer Equipment - 33% on 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 tax 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4.	AUDITORS' REMUNERATION

2024

2023

£

£

Fees payable to the company's auditors for the audit of the company's financial statements

1,760

1,640

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

and 31 December 2024

1,847

DEPRECIATION

At 1 January 2024

706

Charge for year

610

At 31 December 2024

1,316

NET BOOK VALUE

At 31 December 2024

531

At 31 December 2023

1,141

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Amounts owed by group undertakings

47,768

40,547

Other debtors

1,978

2,126

49,746

42,673

Amounts owed by group undertakings are unsecured, bear no interest and are repayable on demand.

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

-

66

Taxation and social security

1,299

1,137

Other creditors

14,161

12,632

15,460

13,835

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

10,000

Ordinary

1

10,000

10,000

9.

RESERVES

Retained

earnings

£

At 1 January 2024

26,261

Profit for the year

4,282

At 31 December 2024

30,543

10.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Simon Moss FCCA (Senior Statutory Auditor)

for and on behalf of Try Lunn & Co

11.	RELATED PARTY DISCLOSURES

During the year K.A. Rasmussen LTD. made recharges to K.A Rasmussen AS totalling £117,222 (2023: £112,795). At the balance sheet date £47,768 (2023: £40,547) was owed to K.A. Rasmussen LTD.

12.	ULTIMATE CONTROLLING PARTY

The immediate controlling party is K.A Rasmussen AS. Its registered office is Postboks 4455, 2326 Hamar, Norway.

The ultimate controlling party is Mr H U Sverdrup.