0 false false false false false false false false false false true true false false false false false No description of principal activity 2023-10-01 Sage Accounts Production Advanced 2024 - FRS102_2024 105 105 105 xbrli:pure xbrli:shares iso4217:GBP 03252455 2023-10-01 2024-09-30 03252455 2024-09-30 03252455 2023-09-30 03252455 2022-10-01 2023-09-30 03252455 2023-09-30 03252455 2022-09-30 03252455 bus:Director1 2023-10-01 2024-09-30 03252455 core:WithinOneYear 2024-09-30 03252455 core:WithinOneYear 2023-09-30 03252455 core:ShareCapital 2024-09-30 03252455 core:ShareCapital 2023-09-30 03252455 core:RetainedEarningsAccumulatedLosses 2024-09-30 03252455 core:RetainedEarningsAccumulatedLosses 2023-09-30 03252455 core:CostValuation core:Non-currentFinancialInstruments 2024-09-30 03252455 core:Non-currentFinancialInstruments 2024-09-30 03252455 core:Non-currentFinancialInstruments 2023-09-30 03252455 bus:SmallEntities 2023-10-01 2024-09-30 03252455 bus:Audited 2023-10-01 2024-09-30 03252455 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 03252455 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 03252455 bus:FullAccounts 2023-10-01 2024-09-30
COMPANY REGISTRATION NUMBER: 03252455
RST INVESTMENTS LIMITED
FILLETED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 September 2024
RST INVESTMENTS LIMITED
STATEMENT OF FINANCIAL POSITION
30 September 2024
2024
2023
Note
£
£
Fixed assets
Investments
4
105
105
Current assets
Debtors
5
303,751
304,763
Cash at bank and in hand
368
570
----------
----------
304,119
305,333
Creditors: amounts falling due within one year
6
( 304,924)
( 305,631)
----------
----------
Net current liabilities
( 805)
( 298)
----
----
Total assets less current liabilities
( 700)
( 193)
----
----
Capital and reserves
Called up share capital
100
100
Profit and loss account
( 800)
( 293)
----
----
Shareholder deficit
( 700)
( 193)
----
----
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 income and retained earnings has not been delivered.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 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 17 December 2025 , and are signed on behalf of the board by:
M Omirou
Director
Company registration number: 03252455
RST INVESTMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 30 SEPTEMBER 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 29 York Street, London, W1H 1EZ.
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 in sterling on the historical cost basis.
Going concern
The company is part of the Acorn Property Group and the ultimate parent company is Acorn PG Holdings Limited. The group has made a loss and has net liabilities however has unrealised profits on future development projects and is managing group cashflows to ensure liabilities are being paid as they fall due for payment. The group is receiving financial support from related companies to provide it with adequate working capital for a period of at least 12 months from the date of signing the financial statements and the ultimate parent company has provided group support. For these reasons, the directors have prepared the company’s financial statements on a going concern basis.
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. The actual outcome may diverge from these estimates if other assumptions are made, or other conditions arise. The key judgements and sources of estimation uncertainty that management has made in the process of applying the entity's accounting policies and that have the most significant effect on the amounts recognised in the financial statements are as disclosed in the financial statements.
Investments
Investments in subsidiaries are initially recorded at cost, and subsequently stated 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.
Financial instruments
The company only holds basic financial instruments as defined in FRS 102. The financial assets and financial liabilities of the company and their measurement basis are as follows: Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments. Cash at bank is classified as a basic financial instrument and is measured at amortised cost. Financial liabilities - trade creditors and other creditors are financial instruments, and are measured at amortised cost. Taxation and social security are not included in the financial instruments disclosure definition. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
4. Investments
Shares in group undertakings
£
Cost
At 1 October 2023 and 30 September 2024
105
----
Impairment
At 1 October 2023 and 30 September 2024
–
----
Carrying amount
At 30 September 2024
105
----
At 30 September 2023
105
----
5. Debtors
2024
2023
£
£
Amounts owed by group undertakings and undertakings in which the company has a participating interest
303,751
304,763
----------
----------
6. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
466
554
Amounts owed to group undertakings
304,358
304,977
Other creditors
100
100
----------
----------
304,924
305,631
----------
----------
7. Summary audit opinion
The auditor's report dated 24 December 2025 was unqualified , however, the auditor drew attention to the following by way of emphasis.
We draw attention to note 3 in the financial statements, which indicates that the company is reliant on support from the ultimate parent undertaking, Acorn PG Holdings Limited. We note the group is receiving financial support from related companies. The ability of the company to continue as a going concern is dependent on continuing financial support by the ultimate parent undertaking, which in turn is dependent on the continuing financial support of these related companies. These conditions, indicate that a material uncertainty exists that may cast significant doubt on the company's ability to continue as a going concern. Our opinion is not modified in respect of this matter.
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
The senior statutory auditor was Jonathan Day , for and on behalf of Streets Audit LLP .
8. Related party transactions
Romy Summerskill holds a debenture over the assets of the company. The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’, not to disclose related party transactions with wholly owned subsidiaries within the group.
9. Controlling party
APG Residential Investments Limited is the immediate parent company. Acorn PG Holdings Limited is the ultimate parent company. The registered office of the companies is 29 York Street, London, England, W1H 1EZ. Copies of the financial statements for the parent company and group can be obtained from Companies House.