| RLJ Holdings Ltd |
| Registered number: |
15370990 |
| Balance Sheet |
| as at 31 May 2025 |
|
| Notes |
|
|
2025 |
|
|
2024 |
| £ |
£ |
| Non-current assets |
| Investments |
3 |
|
|
275,000 |
|
|
275,000 |
| Non-current prepayments |
4 |
|
|
2,262 |
|
|
2,551 |
|
|
|
|
277,262 |
|
|
277,551 |
|
| Current assets |
| Debtors |
5 |
|
389 |
|
|
389 |
|
| Creditors: amounts falling due within one year |
6 |
|
(24,671) |
|
|
(21,816) |
|
| Net current liabilities |
|
|
|
(24,282) |
|
|
(21,427) |
|
| Total assets less current liabilities |
|
|
|
252,980 |
|
|
256,124 |
|
| Creditors: amounts falling due after more than one year |
7 |
|
|
(230,131) |
|
|
(252,388) |
|
|
|
| Net assets |
|
|
|
22,849 |
|
|
3,736 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
100 |
|
|
100 |
| Profit and loss account |
|
|
|
22,749 |
|
|
3,636 |
|
| Shareholders' funds |
|
|
|
22,849 |
|
|
3,736 |
|
|
|
|
|
|
|
|
| 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. |
|
|
|
|
| Rikki Johnstone |
| Director |
| Approved by the board on 17 November 2025 |
|
| RLJ Holdings Ltd |
| Notes to the Accounts |
| for the year ended 31 May 2025 |
|
|
| 1 |
Accounting policies |
|
|
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). |
|
|
Investments |
|
Investments in associates are carried at cost less any accumulated impairment losses. |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. |
|
|
| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
0 |
|
0 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Investments |
| Investments in |
| associates |
| £ |
|
Cost |
|
At 1 June 2024 |
275,000 |
|
|
At 31 May 2025 |
275,000 |
|
|
Details of the associate undertakings are set out below: |
| County of |
% of |
| Incorporation |
Ownership |
|
|
Independent Car Sales & Servicing Limited |
England |
|
50% |
|
|
|
The company's investment represents its 50% equity investment in Independent Car Sales & Servicing Limited, a company registered in England. The principal activity of the associate is motor vehicle repairs and servicing. The registered address is: Independent House, School Lane, Chandlers Ford, Eastleigh, Hampshire, SO53 4DQ. |
|
| 4 |
Non-current prepayments |
2025 |
|
2024 |
| £ |
£ |
|
|
Loan Arrangement Fees |
2,262 |
|
2,551 |
|
|
|
|
|
|
|
2,262 |
|
2,551 |
|
|
|
|
|
|
|
|
|
|
The company incurred loan arrangement fees of £2,888 in the prior year. These fees are being amortised on a straight-line basis over the 10-year term of the loan.
At the balance sheet date, the total unamortised loan arrangement fees amounted to £2,551, of which £2,262 is presented as a non-current prepayment and £289 as a current prepayment (included within debtors).
The amortisation charge recognised in the profit and loss account for the year was £289 (2024: £48).
The remaining balance of the loan arrangement fees will be amortised over the remaining term of the loan. |
|
| 5 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
|
Other debtors |
389 |
|
389 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Bank loans and overdrafts |
20,036 |
|
19,333 |
|
Other creditors |
4,635 |
|
2,483 |
|
|
|
|
|
|
24,671 |
|
21,816 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Creditors: amounts falling due after one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Bank loans |
230,131 |
|
252,388 |
|
|
|
|
|
|
|
|
|
|
| 8 |
Loans |
2025 |
|
2024 |
| £ |
£ |
|
Creditors include: |
|
Instalments falling due for payment after more than five years |
131,899 |
|
161,225 |
|
|
|
|
|
|
|
|
|
|
|
Secured bank loans |
250,167 |
|
271,721 |
|
|
|
|
|
|
|
|
|
|
The company obtained a loan of £275,000, which was utilised to finance the acquisition of shares in its trading subsidiary, Independent Car Sales & Servicing Limited. The loan is repayable in monthly instalments over 10 years. The bank loan is secured by personal guarantees from the directors and a cross-guarantee from the associate. |
|
|
| 9 |
Related party transactions |
|
|
Associate undertaking
During the year the company received dividend income of £39,345 (2024: £6,167) from its associate, Independent Car Sales & Servicing Limited. These amounts are included within “Income from investments” in the profit and loss account. There were no other transactions with the associate in the year, other than the provision of guarantees noted below. |
|
|
| 10 |
Other information |
|
|
RLJ Holdings Ltd is a private company limited by shares and incorporated in England. Its registered office is: |
|
Independent House School Lane |
|
Chandlers Ford |
|
Eastleigh |
|
Hampshire |
|
SO53 4DQ |