Rainham Investment Holdings Limited
Unaudited Financial Statements
For the year ended 31 March 2022
For Filing with Registrar
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
Orbital House
20 Eastern Road
Romford
Essex
RM1 3PJ
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 2022
Page 1
2022
2021
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
Net current assets
9,824
9,824
Net assets
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 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
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.
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 14 December 2022 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 2022
Page 2
Share capital
Other reserves
Profit and loss reserves
Total
£
£
£
£
Balance at 1 April 2020
1,498
1,834,285
(9,538)
1,826,245
Period ended 31 March 2021:
Loss and total comprehensive income for the year
-
-
Balance at 31 March 2021
1,498
1,834,285
(9,538)
1,826,245
Period ended 31 March 2022:
Loss and total comprehensive income for the year
-
-
Balance at 31 March 2022
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 2022
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
Orbital House, 20 Eastern Road, Romford, England, RM1 3PJ.
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.
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 and cash equivalents
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
(202
1
- 4).
Rainham Investment Holdings Limited
Notes to the Financial Statements (Continued)
For the year ended 31 March 2022
Page 4
3
Fixed asset investments
Movements in fixed asset investments
Shares in group undertakings
£
Cost or valuation
At 1 April 2021 & 31 March 2022
1,816,421
Carrying amount
At 31 March 2022
1,816,421
At 31 March 2021
1,816,421
4
Subsidiaries
Details of the company's subsidiaries at 31 March 2022 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
4,890,087
57,735,548
5
Debtors
2022
2021
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
9,720
9,720
6
Called up share capital
2022
2021
£
£
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 2022
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.