RGKT INVESTMENTS LIMITED - Filleted accounts

Registered number

12538194

RGKT INVESTMENTS LIMITED

Filleted Accounts

30 September 2024

Office Address Ltd

Chartered Certified Accountants

51 Marloes Road

London W8 6LA

RGKT INVESTMENTS LIMITED
Registered number:		12538194
Balance Sheet
as at 30 September 2024
Restated
Notes			2024			2023
£				£
Fixed assets
Investment property	4		4,025,000			4,025,000

Current assets
Debtors	5	29,496			31,306
Cash at bank		2,720			72
		32,216			31,378

Creditors: amounts falling due within one year	6	(1,011,599)			(980,980)

Net current liabilities			(979,383)			(949,602)

Total assets less current liabilities			3,045,617			3,075,398

Creditors: amounts falling due after more than one year	7		(2,250,680)			(2,250,789)

Provisions for liabilities
Deferred tax	8		(231,250)			(231,250)

Net assets			563,687			593,359

Capital and reserves
Called up share capital			200			200
Profit and loss account			563,487			593,159

Shareholders' funds			563,687			593,359

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Risto GOJKOVIC
Director
Approved by the board on 30 October 2025

RGKT INVESTMENTS LIMITED
Notes to the Accounts
for the year ended 30 September 2024


1	General information

	RGKT Investments Limited is a private limited company incorporated in England and Wales. The address of the registered office is 5 Hesper Mews, London, England, SW5 0HH and its registered number is 12538194.

2	Accounting policies

2.1	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

2.2	Going Concern
	The financial statements have been prepared on a going concern basis. The directors have reviewed the future prospects of the company and its future cash flows and are confident that the company has adequate resources to continue in operational existence for the foreseeable future. In addition, the directors have indicated that they will continue to support the company for a period of at least 12 months from the signing of these financial statements. On this basis, the financial statements are prepared on a going concern basis.

2.3	Revenue
	Turnover comprises rentals receivable by the company during the year. Rental revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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	Current and deferred taxation
	The tax expense for the ycar comprises current and deferred tax. Tax is recognised in profit or loss exeept 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 reporting date in the countries where the Company operates and generates income. Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that: The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met. Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

2.7	Investment Property
	Investment property is carried at fair value determined annually by the director and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

2.8	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.

2.9	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 only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares. Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting year for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of comprehensive income. For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the reporting date.

2.11	Taxation
	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 reporting date in the countries where the Company operates and generates income.

2.12	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.


3	Employees	2024		2023
Number			Number

	Average number of persons employed by the company	0		0


4	Investment property
Freehold
Investment
Property			Total
£			£
	Cost
	At 1 October 2023	4,025,000		4,025,000

	At 30 September 2024	4,025,000		4,025,000

	The valuation was made by the director in 2023 on an open market value for existing use basis.

	If the investment property had been accounted for under the historic cost accounting rules it would be included at original cost of £3,100,000 (2023 - £3,100,000).


5	Debtors	2024		2023
£			£

	Other debtors	29,496		31,306

	Included in other debtors is a loan to a company under common control of a director. This loan is provided interest free and is repayable on demand.


6	Creditors: amounts falling due within one year	2024		2023
£			£

	Accruals	14,798		26,958
	Deferred income	11,000		-
	Other creditors	985,801		954,022
		1,011,599		980,980


	Included in other creditors are loans to the directors of £824,223 (2023: £794,645) and £145,875 (2023: £141,985). Both loans are interest free and repayable on demand.



7	Creditors: amounts falling due after one year	2024		2023
£			£

	Other creditors	2,250,680		2,250,789

	The bank loan of £2,250,680 (2023 - 2,250,789) is secured by a fixed charge over the company's investment properties.


8	Deferred taxation	2024		2023
£			£
	As at 01 October 2023	231,250		231,250
	As at 30 September 2024	231,250		231,250

	The deferred taxation balance is made up as follows:	2024		2023
£			£
	Capital gains	-		231,250

	The company has losses carried forward of £122,284 (2023- £93,191) available for offset against future taxable profits. No deferred tax has been recognised on these losses as their recoverability is uncertain.

9	Reserves

	Included in the profit and loss reserve at 30 September 2024 is an accumulated balance of £925,000 (30 September 2023 - £925,000) which relates to revaluation of freehold investment property.


10	Controlling party

	The company was under the control of both directors who are also the only shareholders of the company. There was no ultimate controlling party.Both directors are equal shareholders and related.


11	Other information

	RGKT INVESTMENTS LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
	5 Hesper Mews
	London
	England
	SW5 0HH

12	Share capital restated

	Per the company's register, share capital was issued on 15th February 2022 but not updated on Companies House.The share capital of the previous year was restated from 100 ordinary shares at £1 nominal value each to 200 ordinary shares at £1 each.