Rainham Investment Holdings Limited
Unaudited Financial Statements
For Filing with Registrar
For the year ended 31 March 2020
Company Registration No. 04385497 (England and Wales)
Rainham Investment Holdings Limited
Company Information
Directors
R. J. Carr
K. F. Ives
A. M. Chapman
L. A. Marshall
Company number
04385497
Registered office
Devonshire House
60 Goswell Road
London
EC1M 7AD
Accountants
Moore Kingston Smith LLP
Orbital House
20 Eastern Road
Romford
Essex
RM1 3PJ
Rainham Investment Holdings Limited
Contents
Page
Balance sheet
1
Statement of changes in equity
2
Notes to the financial statements
3 - 5
Rainham Investment Holdings Limited
Balance Sheet
As at 31 March 2020
Page 1
2020
2019
Notes
£
£
£
£
Fixed assets
Investments
3
1,816,421
1,816,421
Current assets
Debtors
5
9,720
9,720
Cash at bank and in hand
104
104
9,824
9,824
Net current assets
9,824
9,824
Total assets less current liabilities
1,826,245
1,826,245
Capital and reserves
Called up share capital
6
1,498
1,498
Other reserves
1,834,285
1,834,285
Profit and loss reserves
(9,538)
(9,538)
Total equity
1,826,245
1,826,245
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.
true
For the financial year ended 31 March 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
T
he directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
T
he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The financial statements were approved by the board of directors and authorised for issue on 21 December 2020 and are signed on its behalf by:
R. J. Carr
A. M. Chapman
Director
Director
Company Registration No. 04385497
Rainham Investment Holdings Limited
Statement of Changes in Equity
For the year ended 31 March 2020
Page 2
Share capital
Other reserves
Profit and loss reserves
Total
£
£
£
£
Balance at 1 April 2018
1,498
1,834,285
(9,538)
1,826,245
Period ended 31 March 2019:
Loss and total comprehensive income for the year
-
-
-
-
Balance at 31 March 2019
1,498
1,834,285
(9,538)
1,826,245
Period ended 31 March 2020:
Loss and total comprehensive income for the year
-
-
-
-
Balance at 31 March 2020
1,498
1,834,285
(9,538)
1,826,245
Rainham Investment Holdings Limited
Notes to the Financial Statements
For the year ended 31 March 2020
Page 3
1
Accounting policies
Company information
Rainham Investment Holdings Limited is a
private
company
limited by shares
incorporated in England and Wales.
The registered office is
Devonshire House, 60 Goswell Road, London, EC1M 7AD.
1.1
Accounting convention
These financial statements have been prepared in accordance with Section 1A of FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are prepared in
sterling
, which is the functional currency of the company.
Monetary a
mounts
in these financial statements are
rounded to the nearest pound.
The financial statements have been prepared under the historical cost convention, the principal accounting policies adopted are set out below.
The company has taken advantage of the exemption under section 400 of the
Companies Act 2006 not to prepare consolidated accounts. The financial statements present information about the company as an individual entity and not about its group
.
1.2
Fixed asset investments
Fixed asset investments are stated at cost less provision for diminution in value.
1.3
Cash and cash equivalents
Cash at bank and in hand
are basic financial assets
and
include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.4
Financial instruments
The company only has basic financial instruments at amortised cost, with no financial instruments classified as other or basic instrument measured at fair value.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was 4
(2019 - 4).
Rainham Investment Holdings Limited
Notes to the Financial Statements (Continued)
For the year ended 31 March 2020
Page 4
3
Fixed asset investments
Movements in fixed asset investments
Shares in group undertakings
£
Cost or valuation
At 1 April 2019 & 31 March 2020
1,816,421
Carrying amount
At 31 March 2020
1,816,421
At 31 March 2019
1,816,421
4
Subsidiaries
Details of the company's subsidiaries at 31 March 2020 are as follows:
Name of undertaking and country of
Nature of business
Class of
% Held
incorporation or residency
shareholding
Direct
Rainham Steel Investments Limited
England & Wales
Property investment
Ordinary shares
100.00
The aggregate capital and reserves and the result for the year of the subsidiaries noted above was as follows:
Name of undertaking
Profit/(Loss)
Capital and Reserves
£
£
Rainham Steel Investments Limited
(4,589,099)
52,260,927
5
Debtors
2020
2019
Amounts falling due within one year:
£
£
Amounts due from group undertakings
9,720
9,720
6
Called up share capital
2020
2019
£
£
Issued and fully paid
1,498,000 Ordinary shares of 0.1p each
1,498
1,498
Rainham Investment Holdings Limited
Notes to the Financial Statements (Continued)
For the year ended 31 March 2020
Page 5
7
Controlling party
The controlling party is the W.J Ives Children's Settlement by virtue of its holding of 100% of the issued share capital.