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Registered number: 12947637
RDF HQ LTD
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 OCTOBER 2024
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RDF HQ LTD
REGISTERED NUMBER: 12947637
BALANCE SHEET
AS AT 31 OCTOBER 2024
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Debtors: amounts falling due within one year
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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Creditors: amounts falling due after more than one year
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RDF HQ LTD
REGISTERED NUMBER: 12947637
BALANCE SHEET (CONTINUED)
AS AT 31 OCTOBER 2024
The director considers 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 director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.
The financial statements 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.
The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
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RDF HQ LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024
RDF HQ Ltd a private company, limited by shares. The company is incorporated in England and Wales and the address of the registered office is 69-71 Great Eastern Street, London EC2A 3HU . The company registered number is 12947637.
The financial statements are presented in Sterling (£), rounded to nearest £1.
2.Accounting policies
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Basis of preparation of financial statements
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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 2006. 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 following principal accounting policies have been applied:
The company is showing net liabilities of £56,792 at the balance sheet date which includes £8,210,495 owed to Sound Advertising Limited, a company under common control. Sound Advertising Limited has indicated its continued support and therefore the directors believe that preparing the accounts on a going concern basis is wholly appropriate.
Revenue represents rent receiveable and is recognised in the profit and loss account in the period to which it relates.
Rental income from investment properties lease out under an operating lease is recognised in the income statement on a straight line basis over the term of the lease.
Where a rent-free period is included in the lease, the rental income foregone is allocated evenly over the period of the lease term.
Interest income is recognised in profit or loss using the effective interest method.
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.
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RDF HQ LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024
2.Accounting policies (continued)
Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.
Investment property, which is property held to earn rental and/or for capital appreciation, is initially recognised at cost, which includes purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date. Changes in fair value are recognised in the profit and loss.
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.
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Cash and cash equivalents
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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.
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.
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The average monthly number of employees, including directors, during the year was 0 (2023 - 0).
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RDF HQ LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024
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Freehold investment property
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The 2024 valuations were made by the director, on an open market value for existing use basis.
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Prepayments and accrued income
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Cash and cash equivalents
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RDF HQ LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024
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Creditors: Amounts falling due within one year
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Accruals and deferred income
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Creditors: Amounts falling due after more than one year
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Allotted, called up and fully paid
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100 (2023 - 100) Ordinary shares of £0.01 each
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Related party transactions
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Included in creditors is an amount of £8,210,495 (2023: £6,572,408) owed to Sound Advertising Limited, a company controlled by M Charlesworth, director. Interest of £163,843 (2023: £48,874) has been charged on the loan during the year.
Included in other debtors is an amount of £Nil (2023: £29,500) owed by WSBM Limited, a company controlled by M Charlesworth, director.
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