COMPANY REGISTRATION NUMBER:
15089349
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R & R Holdings (Wrexham) 23 Limited |
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Filleted Unaudited Financial Statements |
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R & R Holdings (Wrexham) 23 Limited |
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Statement of Financial Position |
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31 March 2025
Fixed assets
|
Investments |
4 |
2,840,890 |
2,840,890 |
|
|
|
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Current assets
|
Creditors: amounts falling due within one year |
6 |
3,850 |
3,500 |
|
------- |
------- |
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Net current liabilities |
1,850 |
1,500 |
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------------ |
------------ |
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Total assets less current liabilities |
2,839,040 |
2,839,390 |
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------------ |
------------ |
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Net assets |
2,839,040 |
2,839,390 |
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------------ |
------------ |
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Capital and reserves
|
Called up share capital |
2,840,890 |
2,840,890 |
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Profit and loss account |
(
1,850) |
(
1,500) |
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------------ |
------------ |
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Shareholders funds |
2,839,040 |
2,839,390 |
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------------ |
------------ |
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These 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 Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
These financial statements were approved by the
board of directors
and authorised for issue on
16 December 2025
, and are signed on behalf of the board by:
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Mr S P M Wingett |
Mrs C G Thomas |
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Director |
Director |
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Company registration number:
15089349
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R & R Holdings (Wrexham) 23 Limited |
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Notes to the Financial Statements |
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Year ended 31 March 2025
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Long Lane Cottage, Long Lane, Bronington, Whitchurch, SY13 3EY, Wales.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Investments in associates
Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss. A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments. Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. The following assets and liabilities within the accounts are classified as financial instruments - trade debtors, trade creditors and directors loans. Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method 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. Financial assets classified as receivable within one year are not amortised. Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If such evidence is found, an impairment loss is recognised in the statement of Income and Retained Earnings. Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
4.
Investments
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Shares in group undertakings |
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£ |
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Cost |
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At 1 April 2024 and 31 March 2025 |
2,840,890 |
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------------ |
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Impairment |
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At 1 April 2024 and 31 March 2025 |
– |
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------------ |
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Carrying amount |
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At 31 March 2025 |
2,840,890 |
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------------ |
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At 31 March 2024 |
2,840,890 |
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5.
Debtors
|
2025 |
2024 |
|
£ |
£ |
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Amounts owed by group undertakings and undertakings in which the company has a participating interest |
2,000 |
2,000 |
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------- |
------- |
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6.
Creditors:
amounts falling due within one year
|
2025 |
2024 |
|
£ |
£ |
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Amounts owed to group undertakings and undertakings in which the company has a participating interest |
1,250 |
– |
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Other creditors |
2,600 |
3,500 |
|
------- |
------- |
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3,850 |
3,500 |
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------- |
------- |
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7.
Directors' advances, credits and guarantees
In the year the directors operated a loan account with the company. The opening balance due from the company to the directors was £2,000 (2024 £0) and the closing balance due to the directors from the company was £2,000 (2024 £2,000). The loan is interest free and repayable on demand.
8.
Related party transactions
The company has taken advantage of Paragraph 33.1A of FRS 102 whereby disclosures need not be given of transactions that have taken place between two or more members of group, provided that any subsidiary which is a party to the transaction is wholly owned by such a member.